2011 SOPHE Board of Trustees Midyear Meeting

Treasurer’s Report

Mary Cheryl B. Nacionales, MPH, MBA, CHES

May 1, 2011Hotel Albuquerque

AGENDA

SOPHE Finance Committee Purpose:

To develop and oversee the SOPHE annual operating budget and investments.

Investments Review & Strategies

2011 Budget Amendments

Policy Fellowship Proposal

Resource Development

2011 Audit Outline

Treasurer’s Report: Investments Review and Investment Strategies

INVESTMENT HIGHLIGHTSAs of March 2011

Portfolio value $1.41M

Long-term performance average 11%◦ Beat benchmarks◦ Consider a performance threshold policy, especially for

21st Century Campaign

First Quarter 2011, long-term performance 3.0%

Rebalanced 21st Century Campaign since U.S. Large Cap Stocks are bullish (going up)

Will rebalance long-term reserve & Vivian Drenckhahn Endowment

Continue to move in POSITIVE territory

INVESTMENT PORTFOLIOIndividual Account Trend, 12/04 – 03/11

Nov-00

Nov-01

Nov-02

Nov-03

Mar-04

Nov-04

Feb-05

Nov-05

Dec-06

Mar-07

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$5,421

$189,728

$555,092

$68,943

$585,836

Sara Mazelis

Short Term Fund (Emergency Re-serves)

Long Term Reserve

Vivian Drenckhahn LT Endowment

Campaign for 21st Century

INVESTMENT PORTFOLIOTotal Value Trend, 12/04 – 03/11

INVESTMENT PORTFOLIOTarget Allocations: 21st Century Fund, Long Term Reserve & Vivian Drenckhahn

US Large Cap Stocks;

25%

International Stocks; 15%

US Small Cap Stocks; 10%

Intermediate Term Bonds;

30%

Global Bonds; 5%

High Yield Bonds; 15%

Treasurer’s Report: 2011 Budget Amendments

2011 BUDGET ADJUSTMENTS Highlights

Propose $55.3K increase in revenue

Propose over $54.5K decrease in expense

Reduce deficit by 34%

2010 Final (unaudited) Net Profit of $1.07M

Increased CONFIDENCE in budget

2011 BUDGET ADJUSTMENTS Journal Revenue

YEAR HEALTH EDUCATION &

BEHAVIORROYALTIES

HEALTH PROMOTION

PRACTICEROYALTIES

STIPENDS TOTAL REVENUE

2010 $264,001 $51,627 $120,263 $577,191

2009 $221,657 $31,670 $96,916 $417,157

2008 $201,412 $25,242 $94,244 $320,898

2007 $216,079 $15,926 $91,868 $323,873

2006 $172,110 $14,692 -- $274,002

2005 $79,945 $16,124 -- $126,069

2000 $59,422 $736 -- $75,158

1996 $38,058 -- -- $38,058

2011 Budget AmendmentsMotion

Adopt revised 2011 Budget with proposed amendments

Treasurer’s Report: Policy Fellowship Proposal

Policy Fellowship ProposalMotion #1

Approve the concept of establishing a SOPHE Public Policy Fellowship with endowed funding from the estate of

SOPHE Past President and Distinguished Fellow Dr. Florence Fiori.

Policy Fellowship ProposalMotion #2

Approve a re-allocation of $50,000 from SOPHE’s 21st Century Fund to the

restricted account established by the Fiori endowment.

Treasurer’s Report: Resource Development

Resource DevelopmentObjectivesDefining successTimelineResource development goalsResource development teamNext steps

What does RD success look like? (according to the Executive Committee)

Positive budget balanceEach board member

contributesSOPHE name

recognitionDiversified and fiscally

soundManaging our resources

to the best of our ability

Dynamic long and short term RD plan that advances strategic plan

Budget invests in health education in unique ways

Distinction between restricted and unrestricted funds

Resource DevelopmentTimeline

Timeframe Milestones

Q1 (January – March, 2011)

•Exec Committee develop RD goals•Develop goals and objectives for consultant•Confirm RD consultant budget

Q2 (April – June) •Recruit consultant•Identify resource development committee chair•Convene resource development committee

Q3 (July – September) •Consultant on board•Resource development planning activities begin•Resource development introductory training

Q4 (October – December)

•Finalize resource development plan

Q5 (January – March, 2012)

•Implement plan•Develop collateral•Develop dashboards and monitoring tools

Resource DevelopmentGoals

Year Goals

2011 •Hire consultant•Webinar trainings for Board of Trustee•2 new grants

2012 •Diversify and expand existing SOPHE funding streams, specifically unrestricted funds

2013 •Expand SOPHE’s resources by 10%

2014 •Increase SOPHE membership by 15%

Resource DevelopmentTeam

Resource Development Co-Chairs◦Past-President (Diane Allensworth) &

President-Elect (Bob Gold)

Committee Membership◦Treasurer◦CEO◦President-Elect (will recruit 2 members)◦Past-President (will recruit 2 members)◦External Advisors

Treasurer’s Report: 2011 Audit Outline

2010 AUDIT PLAN OF ACTIONMONTH ACTIVITIES

MAY • Call for bids to conduct Audit• Audit committee review bids• Mary Nacionales• Crystal Motlasz• Bob Strack• Elaine Auld (ex-officio)

JUNE • Auditors selected• Entrance meeting

JUNE - AUGUST • Audit occurs

AUGUST – SEPTEMBER

•Auditors present preliminary findings and management recommendations

OCTOBER • Auditors present final audited financial statements to BOT for adoption

You can't move so fast that you try to change faster than people can accept it. That doesn't mean

you do nothing, but it means that you do the things that need to be done according to priority.

~Eleanor Roosevelt

Thank You

maryhealthed@gmail.com(408) 930-2414