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Presented by: Jim Powell, QEP Executive Director Slide 2 What are we going to Talk About Today? Goals: To bring you all up to date with the International Associations operational progress To bring you all up to date with the International Associations operational progress Acquaint you with 2014 Board of Directors Initiatives Acquaint you with 2014 Board of Directors Initiatives Briefly discuss 2013 and 2014 results to date Briefly discuss 2013 and 2014 results to date Provide a Membership update Provide a Membership update Discuss challenges facing the Association Discuss challenges facing the Association Share some of the programs and initiatives for 2014 Share some of the programs and initiatives for 2014 and beyond! Slide 3 Goals for the Association Membership, Membership, Membership! Follow-up with lapsed members each month Determine why members decide to drop membership and learn how to prevent Develop programs tailored for YP and student members International membership outreach Programs: Webinars, Workshops, & Conferences! Hold 3 webinars per month including some free to members Several Oil & Gas Conferences are in the planning and implementation process Build on partnerships such as successful AIChE, AAEES, SWANA, WEF, EPRI, & NSPE Adopt a Balanced and Achievable Budget Improve Products and Services Be of value to our members who are our customers. Slide 4 A&WMA Board Committees Membership Jim Walker Governance Jayme Graham Canadian Members Initiative Diane Freeman Partnership Taskforce Merlyn Hough Program Dev. Taskforce Dallas Baker Membership Jim Walker International Affairs Jeanne Ng Finance Brad Waldron Publications Naresh Kumar Slide 5 Membership Status Slide 6 Membership -- February Statistics February Total 5,377 (< 1% year to date increase) Comparison to December 31, 2013 Total 5,375 Breakout by Category (next page) Slide 7 Month to Month by Category Slide 8 Membership Statistics Year End 2013 vs. Year to date 2014Month over Month 2013 vs. 2014 CategoryYE 2013YTD 2014% change2/20132/2014% change YP397395-0.53893951.5 Emeritus477475-0.4490475-3.1 Honorary37 0.03837-2.6 Individual2,5992,569-1.22,8542,569-10.3 Electronic2322330.4293233-20.5 Org.1541571.91541571.9 Ind. Org1,0791,0840.51,0671,0841.6 Student3944227.1510422-17.3 Other65-16.765 Totals5,3755,3770.05,8115,377-7.5 Slide 9 2013 Financial Performance: From the Treasurers Report Our fund balance is approximately $540K down from $600k in 2012 At the end of each fiscal year, the surplus/deficit is added to the previous years balance to comprise the A&WMAs Fund Balance (FB) Slide 10 Bottom-line: we posted a $170K operational loss for 2013, compared to budgeted loss of $109K. Are we okay? Yes! 2013 Financial Performance: Where did we end up? Liquidity 12/31/13 $77,305 Cash in Bank $529,770 Investments/Operating WF $26,584 Money Market Fund $282,666 Fixed Income $220,520 Mutual Funds Operations $2,802,149 Revenue $3,118,989 Expense ========= ($316,840) * Operational Loss (*before interest income) Liquidity 12/31/12 $75,505 Cash in Bank $1,349,562 Investments/Operating WF $19,261 Money Market Fund $746,000 Fixed Income $584,301 Mutual Funds Operations $3,821,000 Revenue $3,901,000 Expense ======== ($100,000) * Operational Loss (*before interest income) Slide 11 2013 Conferences & Events Performance Slide 12 2013 Financial Performance: From the Treasurers Report At 12/31/13, the Scholarship Fund had $701K The Scholarship fund is separate from A&WMAs Cash. In 2013, approximately $28K given out as Scholarships through HQs award programs. Slide 13 Scholarship Fund @ 12/31/13 The scholarship funds - $701K $10,000 from Feldstein, $9,500 Bechtel, $8,433 from individual donations and $4,622 from events with $75K increase in investments. Slide 14 2014 Challenges Continue Membership Upward Trend Govt. Agency and Other Member Travel Restrictions Increase our non-dues Revenue Advertising, Sponsorship and Exhibitor Develop a Sustainable Model for Webinars and Other Content for Sale Develop Solid Programming throughout year and focus on Q1 and Q2 Successful launch of new e-reader format for EM Slide 15 2014 Financial Performance: What can we do? Increase Programming, Webinars, and Other Content Capture We have operational reserves & working capital We are working with EPRI on a new Energy Forum to alternate with the every other year of the MEGA conference We need to address PROGRAMMING development To provide member-driven, relevant, timely and revenue generating programming Slide 16 2014 Outreach WITH OUR PARTNERS Increased Programming such as Webinars/Workshops with Partner Organizations (AIChE, EPRI, NSPE, AAEES, WEF, AAESP, SWANA,.) BY OUR BOARD Marketing & Programming that emerges from the efforts of the Program Development Taskforce. Canadian Members Outreach BY OUR PRESIDENTS & ASSOCIATION LEADERSHIP Targeted outreach to Sections and Chapters and organizational members (current and prospects) to encourage joining under the 2013 revised organizational membership category structure. BY OUR STAFF New format and publisher for EM New firm handling Non-Dues Revenue Advertising, Sponsorship, Exhibits, etc. mobile App, and other IT Improvements Lapsed and New Organizational Membership Campaign Grant Applications BY OUR MEMBERSHIP Implementing an Association-wide program of a year round and ongoing members get members program. Taking advantage of A&WMA Programs and Products Slide 17 Event NameLocationCurrent Champion Various Short CoursesTBDYogendra Chaudry Gas Turbine Environmental IssuesTBDSara, Harry Waste to Energy with AIChENew York, NYJim, Kristine Chin (AIChE) CO2 Issues/Climate Action PlanTBDDan, Laki, Ken Air Monitoring A New ParadigmTBDMerlyn Oil & Gas Appalachian ValleyWashington, PAJim, Leah Blinn Oil & Gas -- BaakenBismarck, NDJim, Larry Annen, Upper Midwest Section Tribal Env. IssuesLong Beach, CAJim, Charlie Lippert ACE 2014Long Beach, CAWest Coast Section MEGABaltimore, MDCommittee Site Closure (Vapor Intrusion)Cherry Hill, NJCommittee IT3Baltimore, MDCommittee Oil & Gas Oil SandsCalgary, ABCPANS Oil & Gas -- AntrimAnn Arbor, MIEastern Michigan Chapter Fracking Information Technology Eagle Ford, Permian, Woodford Lubbock, TXJim, Texas Tech University Industry Environmental IssuesTBD (Southern US)Brad Information Exchange -- AirRTP, NCBob Hall Oil & Gas -- MontereyLos Angeles, CALaki Condensable and Fine ParticulatesTBDHarry Information Exchange WasteWashington, DC areaBob Hall, ASME Slide 18 Status of ACE 2014 Programming Technical Keynotes by: 359 abstracts have been received, as well as 39 student posters and 39 technical posters (poster session will be held Wed. am) 39 panel sessions planned Mini-symposium on Impacts of Transportation Hubs & Ports Focus tracks on Climate Change, Sustainability, Air Toxics, Oil &Gas, Waste Management, Risk Assessment, and Nanoparticles Tours Orange County Sanitation District: Tour Of Renewable Hydrogen Station, Waste Water Treatment Plant And Groundwater Replenishment System, Port of Long Beach Boat Tour, NASA - Jet Propulsion Laboratory Tour 77 Exhibits booked (75%) Sponsorships -$234,500 Entertainment Grand Reception Social Programs: Fun Run, Yoga, Aquarium of the Pacific Gallery Viewing and Dinner, Harbor Cruise Whale Watching Excursion, Pediwagon Tour Of Long Beach, the Glory Days Of The Queen Mary, Lights, Camera, Hollywood Tour Slide 19 HQ Assistance to Sections/Chapters Market Your Events in email blast, EM, or Website Assist with Registration -- $5 per Registrant Revenue Share on Webinars Where Local Section or Chapter is Hosting a Large Event No Charge Webinar for Local Host When they Provide the Programming Revenue Share on HQ Developed Workshops and Conferences with a Local Host Committee Slide 20 New for 2014 and Beyond Increased programming, 3+ webinars per month App for ACE Web site enhancements Evaluating advertising alternatives for EM revenue Books or publications Update and publish new material or outsource Dashboard Performance Report to improve ongoing communication with members Strategic Planning Process in Final Stages for early Q2 2014 Slide 21