NMEA International Conference and Expo Annual Business Meeting September 29, 2011 Sanibel Island, Ft. Myers, Florida
President s Membership Report NMEA International Conference and Expo Annual Business Meeting September 29, 2011 Sanibel Island, Ft. Myers, Florida
2011 Membership Analysis by Type Boat Builder 0% Master Dealer 2% Associate 14% Dealer 34% Manufacturer 21% Trade 29%
2011 Membership Analysis by Region International 22% Southwest 6% Northwest 10% Gulf/Great Lakes 10% Southeast 20% Mid Atlantic 15% New England 17%
2007 2011 Membership History by Year by Type 250 200 193 196 CMET Dealers Master Dealer Trade Boat Builder 169 167 Dealers Manufacturer Associate 204 172 172 150 142 141 134 152 116 148 125 126 100 50 79 38 68 69 45 58 64 75 80 0 9 2 5 5 2 0 1 2007 2008 2009 2010 2011
2007 2011 Membership History by Type 250 2007 2008 200 2009 2010 150 2011 100 50 0 CMET Dealers Dealers Master Dealer Manufacturer Trade Associate Boat Builder
2007 2011 Total Membership History 610 600 590 595 600 605 592 580 570 560 565 550 540 2007 2008 2009 2010 2011
NMEA International Conference and Expo Annual Business Meeting September 29, 2011 Sanibel Island, Ft. Myers, Florida
National Marine Electronics Assoc. Annual Business Meeting FINANCIAL REPORT September 29 th 2011
HOW DID WE DO? 2010 RESULTS
BALANCE SHEET 2010 2009 2008 ASSETS Current Assets $ 507,722 $ 457,644 $ 559,959 Fixed Assets $ 5,860 $ 6,150 $ 7,986 Other Assets $ 35,000 $ 35,000 $ 35,000 TOTAL ASSETS $ 548,582 $ 498,794 $ 614,900 LIABILITIES & EQUITY Current Liabilities $ $ (2) $ 58 Equity $ 548,582 $ 498,796 $ 614,843 TOTAL LIABILITIES & EQUITY $ 548,582 $ 498,794 $ 614,900
PROFIT & LOSS SUMMARY 2010 Actual 2009 Actual Total Income 838,989 713,784 Total COGS 276,561 268,918 Gross Profit 562,428 444,866 Total Expenses 509,862 557,910 Net Ordinary Income 52,566 (113,044) Net Other Income (2,243) (2,638) Net Income/Loss $ 50,325 $ (115,682)
$1,300,000 REVENUE TREND $1,100,000 $900,000 $895,480 $924,912 $838,989 $700,000 $701,612 $672,838 $827,483 $713,784 $500,000 $495,478 $300,000 $100,000 2003 2004 2005 2006 2007 2008 2009 2010
3 YEAR HISTORY P&L 850,000 650,000 450,000 250,000 50,000 (150,000) 2010 ACTUAL 2009 ACTUAL 2008 ACTUAL Revenue COGS Expenses Net Income
2010 ACTUAL REVENUE Training 19% Other 9% Membership 27% NMEA 2000 19% 0183 & Install 7% Convention 19%
Database Website 3% 2010 ACTUAL EXPENSES Mtg/Travel Exhibits 18% Shipping Postage 1% Prof. Services 3% Office Exp 8% Payroll 67%
2010 ACTUAL COGS Freight Shipping 5% Travel 4% Publications 3% Training 16% NMEA 2000 6% Convention 66%
2010 & 2009 ACTUAL REVENUE COMPARISON 250,000 200,000 150,000 100,000 50,000-2010 ACTUAL 2009 ACTUAL
2010 ACTUAL TRAINING REVENUE 100,000 80,000 60,000 40,000 20,000 - CMET Testing Basic MEI Advanced MEI NMEA 2000 2010 ACT 2009 ACT 2008 ACT
WHAT IS THE PLAN FOR 2011?
PROFIT & LOSS SUMMARY 2011 Plan 2010 Actual Total Income 805,532 838,989 Total COGS 288,223 276,561 Gross Profit 517,309 562,428 Total Expenses 510,065 509,862 Net Ordinary Income 7,244 52,566 Net Other Income/Loss (6,600) (2,041) Net Income/Loss 644 50,525
2011 BUDGET Training 17% Other 2% Membership 36% NMEA 2000 20% 0183 & Install 5% Convention 20%
Training 14% 2009 ACTUAL REVENUE Other 7% Membership 30% Training 19% 2010 ACTUAL REVENUE Other 9% Membership 27% NMEA 2000 20% 0183 & Install 9% Convention 20% NMEA 2000 19% 0183 & Install 7% Convention 19% Training 17% 2011 PLAN Other 2% Membership 36% NMEA 2000 20% 0183 & Install 5% Convention 20%
2010 COGS - ACTUAL 2011 COGS - PLAN Freight Shipping 5% Travel 4% Publications 3% Training 16% Freight Shipping 0% Travel 4% Publication 7% Training 24% NMEA 2000 6% Convention 66% Convention 56% NMEA 2000 9%
Database Website 3% Mtg/Travel Exhibits 18% 2010 ACTUAL EXPENSES Shipping Postage 1% Prof. Services 3% Database Website 2% Mtg/Travel Exhibits 15% 2011 PLAN EXPENSES Shipping Postage 1% Prof. Services 2% Office Exp 10% Office Exp 8% Payroll 67% Payroll 70%
2011 YTD COMPARED TO ANNUAL PLAN
160,000 REVENUE BY MONTH 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 ACTUAL 2011 PLAN 2010 ACTUAL
90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - EXPENSES BY MONTH JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 ACTUAL 2011 BUDGET 2010 ACTUAL
120,000 MEMBERSHIP REVENUE BY MONTH 100,000 80,000 60,000 40,000 20,000 - JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 ACTUAL 2011 BUDGET 2010 ACTUAL
70,000 CONVENTION REVENUE BY MONTH 60,000 50,000 40,000 30,000 20,000 10,000 - (10,000) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 ACTUAL 2011 BUDGET 2010 ACTUAL
PROFIT & LOSS SUMMARY (Jan-Aug 11) 2011 YTD Act 2011 Plan 2010 Actual Total Income 682,687 805,532 838,989 Total COGS 117,724 288,223 276,561 Gross Profit 564,964 517,309 562,428 Total Expenses 416,714 510,065 509,862 Net Ordinary Income 148,250 7,244 52,566 Net Other Income/Loss (3,885) (6,600) (2,041) Net Income/Loss 144,364 644 50,525
750,000 2011 P&L YTD (JAN-AUG) 650,000 550,000 450,000 350,000 250,000 150,000 50,000 (50,000) 2011 YTD ACTUAL 2011 YTD PLAN 2010 YTD ACTUAL Revenue COGS Expenses Net Income
National Marine Electronics Assoc. Annual Business Meeting -- END -- FINANCIAL REPORT September 29 th 2011
MARINE ELECTRONICS JOURNAL ANNUAL BUSINESS MEETING REPORT SEPTEMBER 29, 2011
MEJ MISSION STATEMENT Produce a profit for the NMEA Provide support for the NMEA mission and benefits for the NMEA members Provide a high quality magazine for members of the NMEA
MEJ BOARD OF DIRECTORS President Ken Englert Maritime Communications Vice President Tim Conroy ComMar Sales Treasurer Paula Ross Seawide Distribution FL Secretary Cindy Ensley Ensley s Radio Company
MEJ STAFF Bruce Cole Manager & Advertising Director Jim Fullilove Editor Kelly Williams Design Director Leslie Curtis Circulation, Database Management, Administrative Support Ann Cole Circulation & Administrative Support Cindy Ensley Accounting
FINANCIAL SUMMARY 2009 vs. 2010 2009 Revenue $354,405 Taxable Income $63,955 Net Profit After Taxes $47,570 Dividend to NMEA $75,000 2010 Revenue $380,624 Taxable Income $79,997 Net Profit After Taxes $57,943 Dividend to NMEA $50,000
TOTAL DIVIDENDS TO NMEA 1995-2010 $731,766
INTERNATIONAL EDITION 2 nd edition of International Issue being produced in November/December 2011 Same Platform - METS Trade Fair in Amsterdam in November coordinated with NMEA s participation in the show Sales for 1 st edition were lower than expected but higher than the Nov/Dec 2009 issue Goal - support NMEA s standards, training and members products & services worldwide
THANK YOU FOR YOUR SUPPORT OF NMEA THROUGH ADVERTISING IN MARINE ELECTRONICS JOURNAL
Technical Department Report NMEA International Conference and Expo Annual Business Meeting September 28, 2011 Sanibel Island, Ft. Myers, Florida
Decade of Smart Education, Education, Education Collaboration with the Education Committee and Trainers Completed New and Updated NMEA 2000 Course Materials 2012 New and Updated Materials for MEI and AMEI On-line MEI Consistency and Professionalism
Decade of Smart Advanced Marine Electronic Installer (AMEI) Work Will Be Begin in 2012 for 2013 New Delivery in 2013 Module of Specialties AMEI would Need 4 within 2 years ½ Day Courses Ongoing Education
Decade of Smart Advanced Marine Electronic Installer (AMEI) Modules of Specialties (For Example) Advanced NMEA 2000 Autopilots GMDSS Installation Networking (other than NMEA 2000) SatCom including TV Transducers Trouble Shooting NMEA 0183
Decade of 180 160 140 120 120 155 127 108 Smart NMEA Education January thru September 2006-2011 2006 2007 2008 2009 2010 2011 100 91 80 60 40 76 63 28 44 46 32 30 44 76 74 20 15 14 0 MEI AMEI NMEA 2000
300 Decade of Smart NMEA Training by the Numbers Year to Year January thru September 250 261 249 214 200 150 148 150 121 100 50 2006 2007 2008 2009 2010 2011 0
Decade of Smart Preliminary 2012 Education Schedule January Seattle, Vancouver BC February Costa Mesa CA, Norwalk CT March Portland Maine, Toronto April Chicago June Ft. Lauderdale July Mobile AL September Orlando NMEA Conference October Charleston SC November Halifax, Providence December Atlantic City, Seattle, Long Beach CA
Decade of Smart CMET Utilizing the NMEA 0400 Installation Standard Enhancing Your Skill Set Differentiating Yourself Educating Your Customers AMEI MEI
Decade of Smart Certified Marine Electronic Technician (CMET) Updated Test Questions Completed 2011 (500+ questions) Future Resources will include a Curriculum of Study 300+ Page Draft of Curriculum Current Resources Books recommended and written by Gordon West, the NMEA Installation Standard, GROL test, Packet of Formulas Need Volunteers for Curriculum Drafting
Decade of Smart School Collaborations International Yacht Restoration School Landing School Marine League of Schools / Skagit Valley Community College MEI On-Line Course Gratis to NMEA International Collaborations British Marine Electronic Association (BMEA) Marine Electronic Industry Promotion Association of South Korea (MEIPA) Working with International Council of Marine Industry Associations (ICOMIA)
NMEA Standards NMEA 2000 Product Certifications Actisense Airmar Beede Instruments ComNav Em-Trak, Fischer Panda Garmin Hemisphere GPS Johnson Outdoors Livorsi Marine Maretron Mastervolt Mystic Valley Communications Nobletec Rosepoint Navigation Simrad
NMEA Standards Continuing Developments Alarms Suite Distributed Power Power Generation Updating AIS 9-32 Volt Galileo All NMEA Network Messages (PGNs) Searchable on the NMEA Website Expected New Database of Messages to be Published Live Demonstrations IBEX and METS
NMEA 2011 IBEX Booth NMEA 2000 ConnectFest Live for 3 Days
NMEA Standards Call for Equipment Manufacturers for BETA Testing a Proposed New Standard Contact Steve Spitzer sspitzer@nmea.org
NMEA Standards NMEA 0183 New Version 4.20 from 4.10 Publishing January 2012 Galileo Sentences Updates to AIS Sentences Coast Guard Petition for referencing 0183 still working
NMEA Standards NMEA 0400 Installation Standard Updating 2012/2013 Equipment Manufacturers Reviewing Will follow ANSI Procedures International Community Need Volunteers for Committee
Technical Department Report Thank You Steve Spitzer sspitzer@nmea.org