GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

DIRECTOR’S UPDATE

Generator Board RetreatJanuary 31, 2015

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Director’s Update

FinancesProgramsUpcoming Activities

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Financial Overview

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Cash on hand, January 2015$126,145

December 2015$123,945

Percentage Change+1%

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Cash on hand, January 2015$126,145

Outstanding Income, January 2015$4,500

Income-Expense, December 2014$87,861 / $23,280

Income-Expense, January 2015$14,336 / $13,776

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

0

37500

75000

112500

150000

August September October November December January 2015

Cashflow - August 2014 to January 2015

Income Expense Balance

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Burn Rate for the Remainder of FY15Baseline assumptions to June 30• $50,000 contributions• ~$40,000 earned income• ~$144,000 expenses47 percent burn by June 30, 2015, or8 percent per month (~$9,200)

~$50,000 in hand July 1, 2015

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Programs Overview

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Program Areas• Outreach * Scope redefined, workplan developed * Budget development - Round 1 $4k to June 30 * Social hours evolving well• Education program * Coordinator hired * Budget development - under way * Outreach under way * Course scheduling under way

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Operations• Budget development - Round 1 $38k to June 30• Woodshop - $6k buildout under way• Member sign-in - TBD

Finance and Administration• 2015 membership structure, rates implemented• Redesigned web presence launched• New payments gateway underway• Member directory live

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

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Upcoming Activities

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Program Areas• Outreach * UVM MFI Prototyping challenge * Maker day in Montpelier March 19 * Designbook social market • Education program * Hiring, evaluation process in development * Vermont Libraries curriculum support * Vermont Woodworking School course offerings * Search for long-term hire to get under way

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Operations• Metal shop ventilation assessment (with BCA)• Storage, workbenches, shelving builds• Tool acquisition assessment under way

Finance and Administration• Overhaul of QuickBooks being assessed• Hiring processes

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Member Activities

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Member Activities• Generator in Residence reviews underway• “Make Time” challenge voting under way• Library project in development• Microelectronics MOOC underway

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

Matt Hogan Photography

GENERATOR INC | BOARD RETREAT | JANUARY 31, 2015

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THANK YOU