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Dad’s Club—President’s 2017 Wrap up and 2018 Kickoff Newsletter

posted Feb 20, 2018, 7:24 PM by   [ updated Feb 20, 2018, 7:31 PM ]
Dad’s Club—President’s 2017 Wrap up and 2018 Kickoff Newsletter

Greetings Dad’s Club Family & Friends!
The future is bright for our Dad’s Club and there is much news and information to report. Let me get started and tell you every juicy piece, chunk and tidbit!

The Biggest News of 2017
Wow! 2017 was quite a year for our City, but for sure for our Club! Quite simply, “Beat the Creek’ may have saved the Club from potential financial ruin by finishing the restoration repairs to the bank erosion a month before the catastrophic storm called Harvey. We might have lost the 50 meter pool due to a creek bed collapse, which experts deemed imminent. Repairs included some $200,000 of concrete, stone, heavy equipment and engineering. The consequences are too scary to ponder, but thankfully we acted with determination and a sense of urgency when we discovered the issue facing us in early 2017.

Board of Directors and Key Committees
We have some key committee assignments to chair, with our new Board Members; George Oggero (Safety & Risk Assessment- Operations, Vendors & Contracts), Steve Tschirthart (Club Analytics & Assessment), Jamey Moss (Swimming), Linda Parrish (co-chair of Swimming). Our renewing Board Members are Chuck Turet (Legal), Chris Helman (Board Secretary & Executive Committee), Cynthia Tzetzo (Treasurer & Finance), Frank Wozencraft (Fundraising), Dustin Heitmann & co Chair Wojciech Mrugala (Facility & Property), Greg Zuanich (Special Projects), Jordan Orange (VP & Executive Committee)

Key Topics
Finances, we have done a very good job in watching our expenses, reviewing all vendor relationships for potential savings, hiring capable people that perform their duties with cross training back up, and granting pay increases to retain our best staff members. Our pool lane rental pricing was revamped over the last couple years, and this continues to be very strong revenue that we enjoy. Swim lessons in 2017 set a record by the number we conducted, as well as the revenue and retention of those children continuing into our entry level swim team. We continue to maintain some 400 children in various swim teams, and have expanded our adult swim programs with Masters, Tri Athlete, and Medical Rehab Conditioning. Our total monthly member counts tops 800. A record. We paid down our debt by some $120,000 in 2017. A record. We have no short term debt, with our credit line unused. Our long term debt is financed at a fairly low rate, not renewing for another 4 years. We are endeavoring to have this paid off by that time, through fundraising and asset sales. We finished the year with working capital and segregated cash funds of $421,000. A record.

Capital Projects Completed, as I started this newsletter, the Creek bank and creek bed repair cannot be understated to its importance for the club and its financial future. But in addition, there were many other projects undertaken. One not to be “overshadowed” by the “Beat the Creek” was installing multiple custom built sunshades on both the 50 meter pool and the Family pool. This will help protect the swimmers, coaches and parents from that ferocious Texas sun, with a few well-placed shaded spots. This project was almost $60,000. Drainage relief for the grassy areas by both the 50 meter and Family pool were undertaken, solving some pesky always wet spots. We repaired potholes, resurfaced certain sections and restriped the parking lot which seems to need it a bit too often, but that story is for another newsletter.

Capital Projects Planned for 2018, here we go, trying to make our club the best facility in Texas, the Southwest-ok, we mean the best, Nationally! Our 50 Meter Pool, the club’s crown jewel, needs some polishing and repair! This Olympic size pool is one of the few privately owned in Texas.  That is one of the reasons schools, and other swim team programs, seek to rent our lanes of water, thus producing income for the Club. Having said that, we need major repair work, in a variety of areas. The tile, grating, drains, coping, and swim deck need repair or replacement, some very soon. Our challenge, other than raw cost, is the “down time” to do the work. We are close to finalizing our research, analysis, and review on what will be done, down time, and the cost. More details to follow, for sure, but we are planning two phases. The first in late March, after TAGS & before Long Course Season kicks in. Grating plus drains and tile work is a must to be repaired, along with some decking to be replaced. There are leaks (some normal, some not) from a couple of spots, which we are trying to trace, and will likely be put off for six months. The repair cost is $200,000 with a frantic three week crammed work schedule. Planning and logistic review is ongoing as you can understand.

New Natatorium Building with a 25 yard indoor pool, plans have circulated (thinking we may be on the 4th generation of revisions). Our architectural firm has been working on this for almost two years, so we are heavy into this project. A fine indoor pool building with large windows on three sides that can open when weather appropriate. The eastside of the pool will have a two story building attached with offices downstairs, lockers, fitness center, and meeting room(s). The office portion will likely be tilt wall construction, durable, and eye pleasing. Our timetable is to have our construction plans and building permits approved by fourth quarter of 2018. The current facility of office, locker rooms, fitness center, and 33 yard original pool would be demolished. The new structure would be built on that footprint, resulting in expanded parking and easier traffic flow to the back parking lot. Funding will be from a combination of a long-term mortgage loan with a low interest rate, along with funding from the Capital Campaign and any other asset sales.

North Parcel of Dad’s Club, this land was purchased back in the summer of 2014 for future expansion. The idea was a new pool, extra parking, and athletic field all could be accommodated. Such thinking had some merit, but after exhaustive review, the current six acre original south parcel was deemed to be adequate with site redo, as mentioned above. Therefore the club is spending a small amount of money seeking to plat that north parcel into four 20,000 sf lots served by one shared driveway to Bingle. Once the plat is granted by the city, the club will sell the parcel and the plat approvals to the highest bidder. That money is expected to reduce the debt of the club greatly or perhaps even eliminate it entirely.

Name Change of the Corporation, The Dad’s Club Swim Team, Inc., as a four word name is somewhat dated in many of our opinions. The name also has some negative inferences that limit our ability to effectively fundraise on occasion to corporations and foundations, regardless of our 501-C3 charitable status. This is due to the “Swim Team” inclusion. We do know some key facts, the term “Dad’s Club” has iconic status in Texas and has a highly respected reputation with National USA Swimming, which has been revered over the decades by its former swim team members, swim lesson participants and their parents! We also know, we do so much more than sponsor a swim team, which we do so well. As mentioned above, there is adult swimming, swim lessons, medical rehab and adult athletic swim training for Tri-athletic competitions, both professional and amateur. We exclude so much by our last two words, “Swim team!” What we are proposing, is keeping “Dad’s Club” and replacing the current two
final words with two new words, “Aquatic Center.” So the new name would be “Dad’s Club Aquatic Center.” I think all our current, past and most of all future constituents could be included, and the new name would more adequately describe our mission statement. Meanwhile our iconic name would continue to be emphasized into our bright future!

Wrap up, hopefully you’re still with me, we sure covered a lot of material in this newsletter and I want to thank you for being part of our great Dad’s Club heritage, past, current, and most of all, on the road ahead!

All the best in 2018!

Best wishes!

Charlie Calderwood, President
Dad’s Club