Q3 Member Update 11/26/24

11/26/24

Dear Members, 


I'd like to welcome you to our refashioned quarterly reporting. The objective of this communication is to keep members up to date with the club's financial affairs, Board updates and, as necessary, provide important updates from your committees. This report will be circulated every quarter and will evolve as necessary. Again, the goal is to provide consistent information on strategic plans, operating results, membership stats, and staffing updates.


In this Q3 update, we are providing a summary of the work of your committees YTD. We are a few months away from the Annual Report, which will be circulated in February 2025.


As a reminder, we have the following upcoming meetings:


December 4 at 5:00 p.m. – Annual Meeting 

December 17 at 5:00 p.m. – Special Meeting 

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Completed Meetings: 


Coffee Talks (three sessions) 


Town Hall Meeting | October 17 – Board update on club finances, PB&G costs, clubhouse and golf course updates.


Special Meeting | October 24 – Concerned Members 


Club Benchmarking | November 19 - Club Benchmarking guest speaker Dr. Jim Butler. The focus of this meeting is to better understand La Cumbre Country Club's finances, particularly our capital needs and cash sources. 


Club Benchmarking Presentation: HERE


Club Benchmarking Zoom Video: HERE


Q&A Coming Soon


Given staffing changes over the past several years, members have asked me to share a who's who amongst the staff and what their responsibilities are. I have outlined this in a visual (linked below in Full Update) that aims to help members know who to contact if they have questions or need assistance. I am actively working on a Strategic Plan that outlines objectives and sets a plan that my team and the Board can work from, which will be shared with members. This plan will be ready in the new year, and I look forward to sharing more about it when it's ready.


As we move into the holiday season, I want to thank those who have booked with us on short notice and encourage you to celebrate at the club. We are working hard to train our team and to bring back the La Cumbre spirit in our dining events, and Paul, Alex, Tom, Natalie, and Chef Eric are eager to make your celebration memorable.


Sincerely,


Adam Zubek, CCM

General Manager & Chief Operating Officer


View Full Update

News from the Club President 10/16/25

By La Cumbre CC • October 17, 2025
Dear Members, Over the past two months, Management, the Board, the Finance Committee, and the Capital Planning Committee have been meeting regularly to finalize a proposal that will fund the two major projects ahead: the Golf Course renovation in 2027 ($17 million) and the Clubhouse restoration in 2028 ($16 million). In the coming weeks, Adam and I, along with a small support team, will begin hosting small group member meetings to share these plans, review the past 18 months of financial results, discuss proposed by-law amendments, and outline the offer received from a member group interested in purchasing the Club. Please click here to view a summary of the Board/Finance Committee-approved plan, along with a comparison to the purchase proposal. These documents provide an outline of the presentations, which begin in earnest next week. The full presentation with attachments will be available on the Club website by early next week. In the meantime, the 2024 audited financial statements, along with updates through July 2025, were sent on October 15, inclusive of an explanatory summary​​​​. Click here to view the communication. Thank you for your patience and continued engagement. We look forward to sharing these important details and discussing the future of La Cumbre together in the weeks ahead. To register for one of the small group sessions, please click here . Warm regards, Tracy Jenkins Board President La Cumbre Country Club

A Note From the Governance Committee

By La Cumbre CC • July 7, 2025
Governance Committee Update

News from the Club President 6/19/25

By La Cumbre CC • July 7, 2025
Dear La Cumbre Members, Next week, the Board will be meeting to tackle the important topic of how to fund our capital needs moving forward. As part of this due diligence, we had received an expression of interest regarding the purchase of the Club. To better understand the optionality, the Board has had additional conversations with other interested parties. The Board is actively engaged in long-range financial planning to ensure that we can sustain and elevate the Club for generations to come. As part of this process, we are exploring a wide range of funding options to support the significant capital investments our Club will need over the coming years. This includes traditional approaches like capital dues, transfer fees, assessments, and loans. In the spirit of good governance and due diligence, the Board is also gathering information about alternative funding avenues, including outside capital interest. To be clear: No decisions have been made No offers are under consideration The Board has not authorized any action toward selling the Club What has occurred are preliminary, exploratory conversations intended to fully understand what options may exist. This process is about building knowledge so that if we need to make major financial decisions in the future, we do so from a well-informed position, always with the best interest of the membership and the long-term health of the Club in mind. We understand that seeing outside individuals on the property may have raised questions, and we regret any confusion this may have caused. Our commitment remains: Transparency with our members Adherence to sound governance principles A deliberate, member-centered process We will continue to keep you informed as these discussions evolve. There will be no path forward on any major initiative without full Board consideration and member engagement. Thank you for your understanding and for your ongoing dedication to the La Cumbre community. Tracy Jenkins President, Board of Director sLa Cumbre Country Club
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