Eagle Valley Chamber back in ﬁnancial black
EAGLE, Colorado – What a difference one year can bring.
The Eagle Valley Chamber of Commerce was facing grim times last fall. Struggling with old debt, membership and falling revenue, at one point, the 70-year-old organization contemplated dissolving.
To a standing ovation of Chamber members Thursday night, the group’s board of directors conducted a ceremonial bill-paying, handing over an oversized check in the amount of $30,568 to Wells Fargo Bank. The Chamber actually paid off its debt in increments over the past year and cleared the books on Wednesday morning.-
“We originally wanted to pay off the debt in two years, but because of your support, we did it 11⁄2 years early,” Chamber board member Michelle Morgan said during the organization’s annual meeting.
The group was roundly praised for tackling its large debt issues.-
“Eagle town government is so very proud of the Eagle Valley Chamber of Commerce for the strides they have made this year,” Eagle Town Manager Willy Powell said.
According to Morgan, at the end of 2009, the organization was facing a $67,000 debt. Through various fundraisers, the group has whittled that figure down to $27,000.
“We now have more than that in the bank that we have made, not including membership fees,” Morgan said. “We don’t want to use member money to pay off debt.”
Morgan said the chamber’s all-volunteer staff and board are preparing a financial report. Good news is easier to communicate than bad news, and Morgan said the chamber had positive information to share on several fronts, including a new chamber website and heightened interest in serving on the chamber board of directors.
“There are 12 board members, and that includes four officer positions, and we do have a lot of interest,” she said.
At the annual meeting, the Chamber elected new officers for the coming year. Morgan, the manager of Alpine Self Storage, was elected president. Chuck Smallwood, of Eco-Tech, was elected vice president and Mollie Hayes, of InKahoots, was elected secretary. A slate of six board members were also elected: Gladdie Fun, of Eagle Ranch Golf Course/Eagle Farmers Market; Erin Vega, of Eagle Ranch Homeowners Association/Eagle Farmers Market; Patty Hood, of Allen Insurance’ Ralph Ciarlanti, of Eagle Lodge and Suites; David Dillon, of Eagle Lodge and Suites; and John Dudley, of Centurylink.