133105 ISA Annual Report_FINAL
Transcription
133105 ISA Annual Report_FINAL
DELIVERING ON PROMISES 2 01 4 I SA ANNUAL REPORT N E T W O R K I N G | E D U C AT I O N | I N F O R M AT I O N | R E P R E S E N TAT I O N ISA MISSION To help all members increase sales, decrease expenses and increase profitability. WHO WE ARE The Industrial Supply Association is the premier source of education, networking, information, and relationships that drive success for members and their customers in the Industrial MROP marketplace. ISA delivers value to members and the marketplace via its promises. OUR PROMISES ISA’s Education Promise: Provide our members with dynamic educational programs focused on sales management, channel management and leadership. ISA’s Networking Promise: Provide the preeminent Industrial MROP Convention & Booth Program in North America for our members and participants. ISA’s Information Promise: Be a strategic resource to our members for economic, financial and business information that influences the Industrial MROP marketplace and its businesses. ISA’s Representation Promise: Represent the interests of the Industrial MROP community to industry and government leaders. The three pillars of the ISA’s 2013-2016 strategic plan are Outreach, Networking and Education (O.N.E.). It is with one common direction that the leadership of the association directs its efforts to grow membership, strengthen core products and widen ISA’s competitive advantage. LETTER FROM THE CHAIRMAN Dear Colleagues, Twelve months can seem an eternity, or a blink, depending on how a year plays out. For ISA, 2014 has been a year of change unlike any other in my experience. The loss of ISA’s Executive Vice President and my good friend John Buckley at the beginning of the year still seems as if it happened only yesterday. Your ISA peers that participated in the executive search process should be commended for investing their time and energy in this very important process. I am happy we found our way through many very qualified candidates to hire Jeff Hughes as our new CEO and President. The anticipation of exciting changes sure to come through ISA’s new President & CEO, and my new friend Jeff Hughes, has me longing to see what’s next for ISA. Members have always been first and foremost in everything the ISA Officers, Board Members and staff initiate. While it’s true that members come first every year, in 2014 we focused on The Year of the Member and the value ISA delivers to you for your investment. Task Forces of members from every category within ISA worked diligently to better define what ISA means to them, and their business. You’ll find the statements that each Task Force created in this report and on the “About Us” page of the ISA website. I encourage you to hold us accountable for the promises in those statements. The 2014 Annual Report, Delivering on Promises, reflects the progress ISA is making toward the goals outlined in the current ISA Strategic Plan: ISA O.N.E. Strategy (Outreach-Networking-Education). Perhaps the most visible change was in the efforts to improve the networking platform the ISA Annual Convention provides. The return of distributors to the booth program moved the levers significantly toward that goal. ISA addressed its digital voice objectives through improved website navigation and content upgrades, including the creation of How To Guides for ISA’s Industry data reports. We went a step further by hosting and recording webinars to make the information ISA collects from the channel easier to find and easier to use. A crowning achievement for ISA’s education efforts was the launch of the ISA Learning Center, where the highest quality online training programs were made both affordable and accessible. I consider the Learning Center the “Best Kept Secret” among all of ISA’s offerings. Educational development of our current and prospective employees is the foundation of our future success as businesses. I encourage you to review the ISA website Learning Center opportunities. The year presented challenges as well. The much anticipated Distributor Dashboard initiative to replace the annual Profit Report has not yet met the participation levels needed for the tool to be the robust resource we all know it will be. Our Convention, while profitable, fell short of our revenue expectations and, despite new strategies, our membership growth is not where we think it can be. We addressed the convention revenue issues and are aggressively identifying opportunities to improve overall membership I’m optimistic that these areas were just a bump in the road on ISA’s success journey. With our new President & CEO in place, the leadership of our dedicated volunteer board officers and directors, as well as a committed staff team, ISA’s future looks as bright as it ever has. Our commitment to delivering on our promises to you; creating even more value for your membership, will guide every effort. I wish you all the best in 2015. Warm Regards, Tommy Thompson, Board Chairman, ISA 1 Industrial Supply Association | 2014 Annual Report CEO WELCOME Dear ISA Members, I’m very excited to be your new President & CEO. Please know I will work diligently with ISA’s volunteer leaders, staff and our management company partners at Fernley & Fernley to lead the organization into the future. The officers and directors are very accomplished professionals in the channel and ISA is poised to lead the industry through the challenges facing industrial distribution in today’s economic environment. Together, we will build on the accomplishments noted in this report. I look forward to meeting and working with you and I’m grateful to you for giving me the opportunity to be a part of ISA’s future. Best, Jeffrey R. Hughes, President & CEO, ISA Industrial Supply Association | 2014 Annual Report 2 DELIVERING ON OUR PROMISE: NETWORKING ISA’s superior networking opportunities have positioned it as the industry’s premier source for linking channel partners. Historically, ISA’s Convention & Booth Program has been the Association’s most successful networking event and 2014 was no different. In 2014, ISA members could also take advantage of a wide range of offerings to connect with trading partners, highly qualified employees and potential employers. 2014 ISA NETWORKING OPPORTUNITIES The 2014 ISA Annual Convention was held May 17-20 in New Orleans and included several positive changes. Most notably, the convention included the highly regarded return of “Distributor Day” on Sunday, May 18, which put distributors and industrial manufacturer’s representatives in exhibit booths for four hours of face-toface meetings with supplier channel partners. More than 400 distributors participated in the 2014 convention, the highest total since 2011. Manufacturers occupied the exhibit hall for a day-long session on May 19, which was designated as “Manufacturer Day.” More than 1,500 attendees participated in the 2014 convention, which received very positive reviews in postevent surveying. The IMR Summit took place Feb. 3-5 in 2014 at the Miami Marriott Biscayne Bay. The event included a golf outing and several speakers on topics vital to reps. 3 The 2014 Young Executives Forum (YEF) Executive Development Retreat, an annual summer event, was held in Austin, Texas, July 15-17. The event attracted 29 attendees and significant changes for 2015 are expected to more than double this number. The event is being rebranded as the Emerging Leaders Summit for its next iteration. The Women Industrial Supply Executives (W.I.S.E.) held its 2014 Summit at the Marriott Phoenix Tempe in Tempe, Ariz., October 20-22. The event drew more than 70 attendees, which continued the growth the event experienced in 2013. The event offers a chance to network with peers, gain education and do some community outreach with a local charity. AMERICAN EAGLE AWARDS SHOWCASE THE EFFORTS OF MEMBERS ISA’s American Eagle Awards program recognizes companies in the MROP channel for their commitment to driving value to channel partners. The awards program also recognizes individuals in the MROP channel for longstanding service in the industrial supply industry with the Lifetime Achievement Award. In 2014, Jergens Industrial Supply was named the winner of the American Eagle Excellence in Industry Award. Timothy T. Tevens, president and CEO of Columbus McKinnon Corporation, was the recipient of the John J. Buckley Lifetime Achievement Award. Industrial Supply Association | 2014 Annual Report “This was our second year attending the IMR Summit, and just like last year we returned home with ideas to improve our company. We feel that it is important for all MFG Rep companies to continue to improve themselves and improve the image of MFG Reps as a whole. Great job ISA!” - Tom Paine, President, Tom Paine Group Inc. “The gains for this membership [W.I.S.E.] far exceeded my expectations. To begin connections with women who are running departments or companies and learn how they do it, what struggles they face and how they overcome those struggles was invaluable. It is also nice to learn how they balance family and business and create boundaries for both.” - Stephanie Smith, Marketing/Project Coordinator, Durrie Sales Co. DELIVERING ON OUR PROMISE: EDUCATION The ISA promise to provide members access to dynamic professional development programs focuses on sales management, channel management and leadership topics. ISA’s promise is driven by new realities of the marketplace, which require ISA to innovate and develop educational programs that help ensure its members are adapting to the changing landscape. ISA continues to leverage the work it achieved in 2013 to make its education more flexible, allowing members to learn in a variety of styles: in-person, live online and via recorded content. Notable professional development offerings in 2014 included content driven by the ISA Education Foundation, ISA’s Special Interest Groups and third-party content providers. 2014 ONLINE WEBINARS & SEMINARS • Getting the Most from FASTMATCH® 2014 • Know Your Markets: Reach Your Potential • Sales Professional Training Camp • Your 2015 Market Plan: Where to Focus Growth Efforts • How to Triple Your Online Sales Leads ISA is continuing its educational efforts in 2015, with a slate of educational opportunities already on tap. Events will include several summits as well as a fourpart education series. Professional Development Opportunities in 2015 FEBRUARY • 2015 IMR Summit, Ft. Lauderdale/Pompano Beach, FL February 23 - 25 MARCH • Emerging Leaders Summit, Fort Lauderdale, FL March 4 - 6 •P rogram 1 - Best & Brightest Education Series, Fort Lauderdale, FL March 4 APRIL • 2015 Annual Convention, Cleveland, OH April 25 - 27 JUNE • Program 2 - Best & Brightest Education Series, Minneapolis, MN Date TBD SEPTEMBER • Program 3 - Best & Brightest Education Series, Chicago, IL Date TBD DECEMBER • Program 4 - Best & Brightest Education Series, Las Vegas, NV Date TBD Watch for details on additional webinars being developed to meet members needs in 2015. Industrial Supply Association | 2014 Annual Report 4 DELIVERING ON OUR PROMISE: REPRESENTATION Representing the interests of the Industrial MROP Community to industry and government leaders is an ISA priority. ISA’s goal is to ensure members have adequate information about issues which have the potential to impact business practices. ISA collaborates with relevant groups to champion legislative and regulatory issues on its members’ behalf. commonly known as Obamacare. During 2014 many details about ACA that are important to businesses were in play, including final employer mandate rules, final small business tax credit rules, small group health plan extensions, and final reporting requirements. Throughout 2014, ISA members were informed about key issues through the Government Relations Newsletter. The primary issue in the spotlight during 2014 was the Affordable Care Act (ACA), more DELIVERING ON OUR PROMISE: INFORMATION ISA promises its members that it will be a strategic resource and provide timely, comprehensive economic, financial and business information which impacts the MROP marketplace. ISA is focused on educating its members and, therefore, provides financial, marketing and economic information which is easy to use. ISA provides members access to a series of reports that include monthly economic indicator reports, quarterly economic outlook reports, industrial markets reports, distributor performance dashboards, annual ISA profit reports, machine tool trends report, and a biennial employee compensation report. All reports are available in the Member’s Only section of the ISA website. In 2014, ISA launched a new set of “How To” Guides to help members achieve a better understanding of the data, information and analysis ISA collects and provides. The guides provide an overview of what is included in each report and information about practical uses for the data. 5 In addition to reports, ISA also produces original informational content such as instructional webinars and The ADVISOR, ISA’s electronic newsletter delivered to more than 4,000 contacts within ISA member companies. The new Distributor Performance Dashboard provides industry and cross-industry benchmarking. ISA also provides members access to its Research Center, which continues to be a valuable resource for industry trends and historical data. Industrial Supply Association | 2014 Annual Report ISA EDUCATION FOUNDATION ISA EDUCATION FOUNDATION CONTINUES ITS VITAL ROLE INFORMING THE INDUSTRIAL SUPPLY COMMUNITY • Awarding the Gary L. Buffington Memorial The ISA Education Foundation once again Scholarship played an important role in developing and organizing the educational opportunities ISA • Continuing to promote and support the Inprovides its members and the industrial supply dustrial Careers Pathway program industry throughout the year. The Foundation, established to perform education, research and other activities for the benefit of the in“BEST & BRIGHTEST dustry, has three missions: • Provide a level of education and training that will greatly enhance the capabilities of all industry employees. REGIONAL WORKSHOP” The ISA Education Foundation’s “Best & Brightest” regional education series presents educational workshops that help individuals • Provide a series of scholarships that reward and companies in the industrial supply inthose seeking a career and who are currently dustry better prepare for the future. Whether employed by member companies. attending one or all of the workshops in the • Work to attract qualified future employees to series, participants come away with valuable the distribution and manufacturing segments information that they can immediately put into of the industrial supply industry. practice in their organization. The Foundation’s Board of Directors works hard to fulfill all aspects of the organization’s mission. The Foundation organizes content for the annual ISA Convention, it coordinates regional education workshops, it maintains the ISA online learning center, it oversees ISA’s relationship with the Industrial Careers Pathway, it awards annual scholarships, and it conducts fundraising to fund educational opportunities for members of the industrial supply industry. In 2014, the Foundation undertook a number of key initiatives, including: In 2014, the educational topics presented during the series included how to utilize social media and the Internet to gain valuable knowledge about customers, using analytic techniques and industry best practices to build a market plan and boost sales, and ideas on recruiting and retaining the best employees for your business. The Foundation hosted three workshops in 2014: October 2 in Illinois, November 17 in Ohio, and December 2 in North Carolina. The “Best & Brightest” workshop series for 2015 is already established. The first event will • Launching the “Best & Brightest” Regional Education Series, which included workshops be held March 5, 2015, in Fort Lauderdale, Fla. Dates are being determined for the final three on gaining business intelligence about customers; using ISA data to grow your business events, but they will be held in June in Minneapolis, September in Chicago, and December in a competitive market and recruiting the in Las Vegas. best employees • Creating the ISA Learning Center, an e-learning portal offering bundles of education in five development areas • Awarding the Allan W. Chartier Memorial Scholarships Industrial Supply Association | 2014 Annual Report 6 ISA EDUCATION FOUNDATION ISA LEARNING CENTER The ISA Education Foundation Learning Center is a 24/7 on-demand, online training portal for “Sustaining Patron” industrial supply companies. It was formed through a unique partnership with Skillsoft, a world-class, internationally recognized electronic education content provider. The initial programs in the Learning Center cover five subject areas: sales management, selling skills, leadership and management, operations and customer service, and Microsoft Office. Each subject area contains up to 40 courses. Companies can enroll learners in one or more subject areas and they have one year to complete the course work in a program area in which they enroll. The Foundation has established a Learning Center Task Force that helps to promote the Learning Center, establishes metrics to track usage, creates a budget and evaluates future opportunities for content development. The Foundation will continue to strive to enhance the Learning Center in 2015 by adding content. Potential content additions include more recorded webinars, new member onboarding, new employee onboarding, primers for using ISA reports, technical training from manufacturers and additional sales training. - Associate from Wolseley Industrial Group * As of November 24, 2014 7 “I wanted to broaden my Excel knowledge to help me with the projects I manage. I have been taking the Learning Center/Skillsoft Excel courses and these have helped a lot. I’ve learned several new things about Excel that have helped me in my day-to-day processes. Also, I have found the questions and step-bystep tasks that follow the courses to be a good measure of my proficiency in each subject.” Industrial Supply Association | 2014 Annual Report ISA EDUCATION FOUNDATION DONORS GARY L. BUFFINGTON SCHOLARSHIP DONATIONS ISAEF SUSTAINING DONATIONS R.J. Patterson, Petersen Brands Dave McCallen, Simonds International Jim Nelson, Ideal Industries Inc./SK Hand Tool LLC Jon D. Eames, N. H. Bragg David Dolen, Dolen Tool Sales Inc. Rick Thurston, WFS Ltd. Carter Waters, Bessey® Tools North America David J. Zaval, The Whittemore Co. Tom Paine, Tom Paine Group Earl Houston, Zephyr Tool Group C. R. (Roger) Kinsman, C. R. Kinsman & Associates Inc. Mike Grantham, Osg Tap & Die Inc. Jeff Bigelow, Hubbard Supply Co. Jeff Major, Greenfield Industries Patrick Curry, Fullerton Tool Co. Jim Carey, Insize Usa Terry Snower, Cicero Mfg. & Supply Co. Inc. Bruce J. Kyle, Knight Carbide Inc. Monica Greene, Vermont Gage Vermont Precision Tools Inc. Alan G. Gilbert, Quality Mill Supply Co. Inc. Jeff Bigelow, Hubbard Supply Co. Pat Butler, Butler Bros. Colin Brogan, Dynabrade Inc. Robert Friesen, S-T Industries Inc. Rodolfo E. Kahn, Intexim Inc. Nancy Kurtenbach, John Day Co. Jan Pflugfelder, Komet of America Inc. Betty J. Rice Michael Carr, Snap-on Industrial Brands Jerry Brewer, Sticks & Stones Unlimited Inc. Tom Paine, Tom Paine Group John Stevens, CMT Inc. Terry Snower, Cicero Mfg. & Supply Co. Inc. Lisa Penzick, Tungaloy America Inc. Gail Ludewig, Totalworks Inc. Ryan DeArment, Channellock Inc. Charles A. Lingenfelter, Industrial Distribution Group Cari Eaton, Powell Tool Supply Inc. Leslie Banduch, LMT Onsrud LP Chris Kaiser, Big Kaiser Precision Tooling Inc. Ralph Colby, Titan USA Enterprises Inc. Colin Brogan, Dynabrade Inc. John Morrison, IDI Independent Distributors Inc. Dan Podgorsek, Productivity Inc. Emily Paladino, G & J Hall Tools Inc. John W. Allenbach, Apex Tool Group LLC Jeff Pallone, ATA Tools Inc. Nancy Kurtenbach, John Day Co. William F. Hurst, III, WM F. Hurst Co. Inc. Robin Roberts, Protective Industrial Products Inc. Bruce J. Kyle, Knight Carbide Inc. Jim Remmey, Remco Supply Inc. Dana Ashouri, Probuilt Professional Lighting LLC Steve Setzer, JIT Industries Greg Genevro, Anglo American Tools Tony Ingram, Hagemeyer North America Jerry Rosin, S. L. Fusco Inc. Dan Berry, TPI Corp. Patrick Curry, Fullerton Tool Co. Tom Hensel, KEO Cutters Inc. Rich Bucher, ITW Fluids Barry Gerin, PM Industrial Supply Co. Marin Supply Co. of CA Kathleen Durbin, General Industrial Tool & Supply Inc. Bob Varzino, Wilton/JET/Powermatic Christine Szafraniec, Cragin Industrial Supply Co. Inc. Terry Leach, Richards Micro-Tool LLC ALAN CHARTIER SCHOLARSHIP & MAKE-A-WISH DONATIONS Charles K. Slagle, The Tool Crib Inc. Mark A. Mueller, Universal Tool Div. Florida Pneumatic Manufacturing Group Nick Wendt, Promax Tools Lp Denny Brackeen, Fuller and Associates Terry Fuller, Fuller and Associates Dean Meier, Aptex Kathleen Durbin, General Industrial Tool & Supply Inc. Steve Short, Updike Supply Co. David R. Henry, Walter A. Wood Supply Co. Shaan Ahluwalia, Alfa Tools Arthur Roberts, The IPS Group LLC Char Cooper, Cable Tie Express Inc. Charles A. Lingenfelter, Industrial Distribution Group Gail Ludewig, TotalWorks Inc. Ignacio Ricaud, Fandeli International Corp. John Byles, F. K. Machinery Ltd. Leslie Banduch, LMT Onsrud LP Michael Sutley, Oxarc Inc. Ralph Colby, Titan USA Enterprises Inc. Glenn Shaw, Summers Hardware & Supply Co. Jim Long, Cline Tool & Service Co. Jim O'Connor, Norton/Saint-Gobain Richard Lawless, Lawless Sales Group Will Powell, Jr., ST Solutions Christopher A. Wysong, Hemco Gage Chuck Whipps, Eclipse Tools North America Inc. Gary Rau, J. C. Industrial Supply Jessica Desrochers, ITW Polymers Adhesives, North America John Morrison, IDI Charles Thompson, Roughneck Supply LLC Independent Distributors Inc. Randy Breaux, Motion Industries Inc. Kristen Walsh, CRC Industries Inc. Tom Nemic, Nemic Industrial Supply Mary Ellen Giangiulio, Streamlight Inc. Gary J. Kropf, Allied Machine & Engineering Corp. Phil Kurtz, Wetmore Tool & Engineering Jason Pierce, The Andersen Co. Chris Kuhrt, M. A. Ford Mfg. Co. Inc. Jim Kinney, Beeson Industrial Sales Virginia Yaksic, Grier Abrasive Co. Inc. Gary Osborne, Clark & Osborne LLP John A. Thompson, Deleon Thompson Inc. Paul Leleux, MDM Tool Supply LLC Steve Mitchell, Idaho Roger Kaden, Duracell Machinery & Supply Inc. Steve Brewton, R. G. Brewton Inc. Tara Rands, Brush Research George Boles, Hatfield And Co. Inc. Manufacturing Co. Inc. Jeff Pallone, ATA Tools Inc. Buddy Rohr, Sioux Tools Darryl Whitehead, Howard Supply Co. LLC Gerhard Sowa, Jr., Sowa Louis A. Oleksy, Jr., Hyde Tools Inc. Tool & Machine Co. Ltd. Mark F. Johnson, Tapmatic Corp. Ron Wallace, Ron Wallace Patrick Davis, Tool Supply Inc. & Associates Inc. Michael Carr, Snap-on Industrial Brands Industrial Supply Association | 2014 Annual Report 8 Reginald W. Macdonald, B. C. Macdonald & Co. Steve Watson, Century Tools & Machinery Ltd. Thomas Bergin, SCA Americas AFH Professional Hygiene NA Robert B. Costa, Rex-Cut Abrasives Mollie Hubler, Metal Working Supply Chris Stanford, Henkel Corp. Sandra Rutherford, A. J. Rod Co. Ltd. Patti Van Treuren, Grobet File Company of America LLC Joseph Lawrence, United Stationers Supply Co. Carter Waters, Bessey® Tools North America Paul Enander, Hannibal Carbide Tool Inc. Steve Mullan, Maryland Brush Co., A Div of MBC Ventures Inc. William F. Hurst, III, WM F. Hurst Co. Inc. William Hoy, WG Russell Supply Corp. Joe Goudeseune, Detroit Band Saw Works Inc. Dudley Barton, Max Tool Inc. Philip S. Downs, MHS Industrial Supply Robert S. Mars, III, W.P. & R.S. Mars Co. Jerry Rosin, S.L. Fusco Inc. Ken Schuman, Western Tool & Supply Mark Graham, Primary Source Distributors Peter Brettner, All Material Handling Inc. Rick Meizlish, Buckeye Industrial Supply Co. Bob Severance, Jr., Robert H. Severance Co. Inc. Steve Robson, CeramTec SPK Cutting Tools Division Dennis J. Synal, JDS Industrial Supply Corp. Keith Ambtman, KTS Tooling Supply Inc. Frank MacDonald, Superior Glove Works Ltd. Lee E. Eagan, Jr., Oliver H. Van Horn Co. LLC Joseph P. O'Mera, CGW, Camel Grinding Wheels Marcel Bila, Hexagon Metrology Inc., Brown & Sharpe/TESA Group Wayne Shelton, Mapal Inc. Tool Trader Partners Sally Sebastyn, DEB USA (SBS) Troy R. Ballard, Cimcool Fluid Technology Eric Steinbrenner, Columbus McKinnon Corp. Daryl C. Van Dyke, Promax Tools LP Jim Ryba, Lawson Products Inc. Rich Bucher, ITW Fluids Karl Ganshirt, Global Tooling Solutions LLC Robert M. Mitchell, Jr., Omni Services Darrell H. Cole, United Central Industrial Supply Co. Robert Winters, General Mill Supplies Inc. Dennis L. Nyhus, Viking Drill & Tool Inc. Travis Horton, Xebec Deburring Technologies Donovan Chen-See, National Supply Co. Ltd. David Brown, Arkansas Mill Supply Co. Eddie Caulfield, Caulfield Industrial Ltd. Jacquie Gilmore, The Plastic Forming Co. Inc. Greg Harvieux, Mid Iowa Tools Inc. Roger Lee, Ellsworth Adhesives Kevin C. Dougherty, Industrial Tool Co. Inc. Specialty Chemical Distribution Susie Johnston Fox, Kevin L. Hornberger, Martin Tool & Forge Johnston Industrial Supply Inc. Michael Wochna, Melin Tool Co. Inc. Rafael Kramer, Steiner Industries Rick Parlett, General Tool and Supply Co. Div. of Motion Industries Chet Hood, ORS Nasco Cathy Pendrick, Sandvik Coromant Co. Larry Lefkof, Niagara Cutter Ross Blumenthal, Radiac Abrasives, Inc., a Tyrolit Co. Frank Prenda, Gemtex Abrasives Richard L. Hyre, M & H Supply & Equipment Inc. Tom W. Hagler, III, Hagler & Associates LLC Mike Sheridan, Waterloo Industries Inc. Craig Vogel, Lenox/Newell Rubbermaid Glenn Watt, Tenaquip Ltd. Steve Delk, IAC Industrial Supply Division Jack Jackson, Shop Tools Inc. Dale Bartelson, Capital Safety Frank Stanbach, Carbide Cutting Tools SC Inc. Kathleen Durbin, General Industrial Tool & Supply Inc. Michael Bolden, DXP Enterprises Inc. Jerry Robbins, The LCA Group Matthew Cohen, Replenex Terry Leach, Richards Micro-Tool LLC Patrick Curry, Fullerton Tool Co. R. Frank Carmazzi, Industrial Supply Solutions Inc. Paul R. Hoffman, Standard Abrasives Brian Schied, Industrial Sales Group LLC Ian Jones, Trainor Associates David Strovers, BDI-USA Michael J. O'Connor, Shamrock Supply Co. Inc. Reid Ferguson, Modern Sales Co-Op Tom Hughes, K P Supply Co. Inc. Fred Mowczan, Legacy Manufacturing Co. Mark King, Air King Ventilation Products Joe Linklater, Patco Air Tools Inc. William L. Grand, Grand Saw & Machine Co. Inc. Baris Cezaroglu, Dorian Tool International Brent Mackintosh, Mackintosh Tool Co. Inc. Jeff Welday, Dayton Lamina Jim Littlefield, Western Abrasives Inc. Karl Hochuli, Wohlhaupter Corp. Nitin Bichkar, Cumi America Inc., Carborundum Universal Limited, India Richard M. Cahn, Dixie Mill Inc. 9 Joe Scolaro, ADB Hoist Rings Manufacturing Suzanne King, Widia Products Group Craig Erickson, Safety Rail Co. LLC Sameer Bhosale, Trident Tools Ltd. Susan L. Conrado, Kenneth Crosby, A DXP Co. Troy Kerin, Machine Tool Supply Inc. Henry Eisenhuth, Highlander Tool Jamie Christian, Milwaukee Electric Tool Corp. Christine Szafraniec, Cragin Industrial Supply Co. Inc. Bill Mackinnon, RPM Mechanical Inc. Dolph E. Schallenberg, VSM Abrasives Corp. Eric Wixom, Industrial Distribution Ronald N. Cohen, Ronco Industrial Supply Co. Kevin Weadick, Acklands-Grainger Inc. Industrial Supply Association | 2014 Annual Report ISA 2014 MEMBERSHIP MEMBER TYPE at October 31, 2014 at October 31, 2013 Distributor/Wholesaler 317 325 Manufacturer/Supplier 397 393 Industrial Manufacturer’s Rep 128 127 Service Provider TOTAL 44 45 886 890 ISA 2014 FINANCIAL INFORMATION REVENUES Meetings & Events Dues Programs 2013 2014 PROJECTION 1,496,459 1,457,900 902,919 888,300 37,710 33,800 Investments (1,299) 11,900 Literature 62,754 53,200 2,498,543 2,445,100 2013 2014 PROJECTION Meetings & Events 1,149,018 1,294,150 Operating Expenses 836,824 892,500 Committees & Programs 285,423 348,250 TOTAL EXPENSES 2,271,265 2,534,900 TOTAL REVENUE EXPENSES *2014 Projected Financials are as of October 31, 2014, and are unaudited. Industrial Supply Association | 2014 Annual Report 10 2014 ISA VOLUNTEER CONTRIBUTIONS Bryon Shafer, Chair, YOUNG EXECUTIVES FORUM (YEF) SPECIAL INTEREST GROUP ASG Jergens Inc. John Corley, SIG Chair, Lenox Creates reports that help members make good business decisions. Serves ISA members 45 years of age or younger, providing peer networking and educational opportunities, developing management and leadership skills and preparing members to become association and industry leaders. STRATEGIC INFORMATION COMMITTEE The committee created several task forces to engage more members in its important work and upgraded all of ISA’s reports to provide members with high-quality, meaningful and powerful reporting tools to better drive business. CONVENTION PLANNING COMMITTEE Craig Vogel, Chair, Lenox Responsibilities include planning, managing and implementing the ISA’s Convention and Booth Program in conjunction with other committee representatives, staff and contractors. In 2014, the committee led the reintroduction of Distributor Day, improved FASTMATCH® capabilities and worked with the Foundation to produce dynamic education programs for the Convention. WOMEN INDUSTRIAL SUPPLY EXECUTIVES (W.I.S.E.) SPECIAL INTEREST GROUP Sandy Johns, SIG Chair, Brady Corporation Offers networking and professional development opportunities to female executives from member ISA firms. Membership is by nomination. W.I.S.E. held a successful summit event in October in Tempe, AZ, and has four task forces to execute their programs: membership, education, networking and communications. The SIG also held a webinar on “Communicating with Impact” in December 2014. 11 YEF held a successful golf outing in 2014 at the Lakewood Golf Club in New Orleans, LA, as well as an Executive Development Retreat in Austin, Texas that drew 29 attendees. INDUSTRIAL MANUFACTURER’S REPS (IMR) SPECIAL INTEREST GROUP Kevin Weinacht, SIG Chair, Weinacht & Associates Works to enhance educational opportunities for its members to learn about the role of the manufacturer’s representative within the channel. The IMR SIG held its most successful IMR Summit event to date, attracting over 80 participants to Miami in February. The SIG is planning a late 2014 Webinar on Strategic Accounts and is preparing for its 2015 IMR Summit Program, to be held February 23-25 at the Fort Lauderdale Marriott Pompano Beach Resort & Spa. EXECUTIVE COMMITTEE Tommy Thompson, ISA Board Chair, Turner Supply Company Craig Vogel, ISA Board Vice Chair, Lenox John Wiborg, ISA Treasurer, Stellar Industrial Supply Inc. Derek Yurgaitis, ISA Secretary, Brady Corporation Michael Carr, Immediate ISA Past Board Chair, Snap-on Industrial Brands BOARD OF DIRECTORS Greg Baumker, E.H. & Associates LLC Jeff Bigelow, Hubbard Supply Jerry Bruening, Henkel Corporation/Loctite Industrial Group Bart Carter, SGS Tool Co. Matt Cohen, Replenex Jon D. Eames, N. H. Bragg William Henricks, DGI Supply, a Doall Company Sandy Johns, Brady Corporation James O’Connor, Norton Abrasives Rene Savage, Stellar Industrial Supply Inc. Chris Weiler, Weiler Inc. Jim Welch, Walter Surface Technologies Jessica Yurgaitis, Industrial Supply Co. To build value propositions for each membership category that reflect the propositions put forward in the O.N.E. Strategic Plan, Membership Value Proposition Task Forces were established for Affiliate Members (Buying Groups & Service Providers); Distributors/Wholesalers; Industrial Manufacturer’s Representatives; and Manufacturers/Suppliers. The result of their work has been incorporated into the About Us section of the ISA website, on membership applications, and in other pertinent communications. Look for the YEF SIG to “emerge” in 2015 as the Emerging Leaders SIG. Industrial Supply Association | 2014 Annual Report THANK YOU TO OUR SPONSORS MERCER, Industrial Supply Association | 2014 Annual Report 14 ISA STAFF Jeffrey R. Hughes, President & CEO Ken Hutton, Interim Executive VP Mary Ritchie, Director, Membership Services Joe Casey, CAE Executive Director Melissa Jidenma, Associate Director Gary Cheeseman, Administrative Director Monica Mobley, CMP Conference Manager Kate Ho, CMP Show Manager Rich Vurva, Marketing/Web 15 Industrial Supply Association | 2014 Annual Report 100 N. 20th Street, Suite 400 Philadelphia, PA 19103 T: 215.320.3862 | 866.460.2360 F: 215.564.2175 | 866.460.2365 E: info@isapartners.org www.isapartners.org Industrial Supply Association | 2014 Annual Report 16