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Highlights of CTCI Video Board Meeting Jan 13, 2023

Highlights of CTCI Video Board Meeting

January 13, 2023


  • Investment Committee Report: Gaylan Abood reported that for the end of the Year 2022, that the Investment was down 13.1%. While not good news it was still significantly better than the broader market which was down over 18% for the year. The Investment committee continues to move from stocks to more stable securities,  that move has helped to outpace the market. To date a lot of the “loss” is a “paper loss”. This means that while the equities are down from where they were at the start of 2022, they have not been sold.  Since our Investments are based upon “Buy and Hold”, most of these paper losses will be eliminated over time as the market goes back up.  Through all of the market fluctuations, our investment has yielded over $20,000.00 in dividends and interest which will be returned to the club per the CTCI investment guidelines.
  • Treasurers Report: John Kledis reported that the year-end report was still in the draft stage. There are several year-end adjustments that still need to be made.  While still in the draft mode, it is clear that the club showed a financial (function) loss of over $9,000.00 for the year.  That amount does not include the monies allocated to the Classic Convention Productions, LLC. The Board had previously allocated $75,000.00 for Conventions.   At this point over $53,000.00 has been used for the 2022 International Convention. John reported that the overall Club equity remains strong.
  • As a reminder to those members who might be interested in the technical details, John defined “Function” for the CTCI members:  Function is a tax term used for Non-Profit Organizations like CTCI.  Function represents all of the Club activities (revenue and expenses) that are directly attributable to activities that our club is organized to do. Function (gain or loss) is similar to the term Operating (profit or loss) for a “for profit” corporation.


  • The Board voted and agreed to raise the dues to $55.00 per year, per member.  This dues increase will take place as of January 1, 2024. The increase will be used to cover the function losses (for example: increases in paper, postage, printing, and club administration), but not convention expenses.

  • The Board discussed many options to improve operational and financial club management. These included:  Increased marketing to gain more members; future dues increases; changing the number of pages in the Early Bird; changing the number of issues each year (4 or 5 instead of 6); reducing services to members and clubs; taking the Early Bird to an “on-line” version, reducing the amount and costs of Club administration, reducing the amount of pages – size of input for chapter notes (Around the Aviary);  changing the size & frequency of chapter AD’s in the Early Bird; and the inclusion of Retros.   PLEASE NOTE, THAT NONE OF THESE PROPOSALS WERE APPROVED BY THE BOARD. HOWEVER, THE BOARD REFERRED ALL OF THE IDEAS TO THE EXECUTIVE-FINANCE COMMITTEE FOR MORE STUDY.

  • The Board discussed all of the items that were brought up by the membership during the October Membership Meeting held in San Antonio. These items were documented in the November – December Issue of The Early Bird.  All of the items brought up in that meeting, were assigned to the appropriate Committee for further study, recommendations, and reporting to the membership.

  • Year End Reports from the various 2022 committees of CTCI were presented and approved. In addition, the 2023 CTCI committees are: Executive; Finance; Investment; Website; Early Bird; Membership; Technical; Invoice; OPP & Bylaw; and Philanthropic.
  • Brian Carron presented the 2023 Regional Convention (The Villages, Florida)  Update. The committee has been working to finalize convention details.   Updated forms for Sponsors, Donors, and Supporters and Pre-Registration are complete.  Members who are interested in attending the Regional Convention are encouraged to Pre-Register and make hotel reservations. The Pre-Registration form is on-line and on the back of the Early Bird mailing onsert.
  • Member Renewals: Garrett presented that last year (12/31/2021) we ended up with 4,722 active members. We closed the year 2022 with 4,277 members. Most prospective members (Test Drivers) who received the November – December Issue and renewal notice will send in their information in January. We have already received 2023 memberships from the 2022 Test Drive campaign since the first of the year.
  • ·Garrett also presented some year-end analysis of membership. This included some 5 year trends and membership by region. He also verified that the new AD rates (previously approved by the Board) have been implemented and published in the Early Bird.
  • John Smith, Director at Large and Kansas City Classic Thunderbird Club President, presented a proposal for a Midwest Regional Convention to held in Kansas City on June 6-9, 2023. The proposal received contingent approval, pending further details about the convention.
  • The Board meeting schedule for 2023 was approved.
  • The next Board meeting is set for March 10, 2023.

On Behalf of the Board,

Brian Carron, President