The Bulletin: January 2026

General Manager’s MESSAGE

schedule. One is particularly large. On January 2, the contractors will be on site to begin the third and final phase of the replacement of the main clubhouse HVAC system. This effort will focus on the third floor but will also affect the main lobby and living room. Scaffolding will be erected, ceilings will be removed, and there will be noise. Fortunately, over the winter most member activity occurs in the more casual areas of the club. This work will take about twelve weeks to complete. Additional projects include the replacement of the floor in Tavern, carpet in Pub37 and casual hallways, as well as a general freshening of some well-used furnishings. nd From a business perspective, the crystal ball suggests that to achieve the same successes we enjoyed in 2025 two very simple, but important things must happen. Every member can help. First, continue to search for the “next good member”. Already announced (with more details forthcoming) is the “125 Heritage Pathway to Membership” as part of this year’s anniversary celebration that will provide a $12,500 credit to the stock price for new members. The second is easy . . . Keep Using Your Club! Eat, Play, Entertain – the more the better. The continued strength of your Club can only be maintained by a membership that is willing and able to use and support the club’s facilities. In turn, we, as your staff, are committed to providing you with the best possible experience each time you are here. So, the simple recipe for 2026 is “come and enjoy”. th As the calendar flips to January, the Club’s operating schedule shifts into a “winter mode”. Each department has listed the various hours of operation that will be observed. Please take a moment to familiarize yourself with the schedules so that your use will not be affected. Just like last year, we will employ a realistic winter operating schedule that attempts to match our hours of operation with your activity. Athletic facilities will remain available seven days a week, with full class offerings in fitness.

Winter Greetings! Let me begin the New Year by providing a brief recap of the one just past and offering a glimpse of what lies ahead. Operationally, 2025 was a year when no significant events or projects were taking place that could adversely impact your member experience. We enjoyed a year when members could fully utilize their club and all it has to offer.We expanded programming across all venues, celebrated every holiday, conducted hundreds of private events for our members and revealed a lot of our history. Across all venues, member participation in organized events reached record levels but your daily club use was also astounding. Our goal was to increase the frequency of your use. Mission Accomplished! While the club’s primary objective is to offer member experiences that exceed expectations, it is important to remember that your club is also a business.I’m happy to report that as a business, your club remains on a very stable footing. Your club has always enjoyed strong financial health, but in 2025 even that improved. We were able to achieve all the most important financial objectives for 2025. Operations will end up generating a surplus that will exceed what was already budgeted. This will provide a base to begin building future reserves. We also funded more than $2.0 million in projects and routine capital investment, and we eliminated almost $1.0 million in outstanding loans. For the first time in more than five years, your club is debt free. Now it’s time to pull out our favorite crystal ball and gaze into 2026. Most importantly this will be a memorable year for your club as we celebrate the 125 Anniversary. In the next few weeks, you will receive a full schedule of special events, activities and opportunities for every member to participate in this once in a lifetime experience. We also have some important, albeit less fun, work to do this year. In the first quarter, there are a variety of capital projects that are on the th

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