After experiencing one of the most tumultuous years of its 99-year history, the Ontario Chamber of Commerce now is forging ahead.
After a year marked by the departure of the chamber's CEO, massive staff reduction and deficit of about $40,000, chamber leaders say the organization's finally seeing the light at the end of the tunnel.
The goal: A leaner, more efficient resource for the city's businesses.
The chamber's financial crisis publicly unfolded in June 2008 when Mark Smiley, who led the Ontario chamber as CEO for three years, was laid off.
At that time, it became clear that the group was spending more than it was bringing in with membership dues and fundraising efforts. The chamber had amassed a $40,000 debt, according to the board of director's immediate past chairman Cid Pinedo.
It was then that Pinedo said he posed these fundamental questions: "Who are we?" and "What services can we afford to offer?"
Pinedo said he and the board took a hard look at staffing and events on the books. They slashed the six-person staff to just two and canceled unprofitable events like the annual gala.
As the board of directors evaluated the group's financial situation, Pinedo said he knew it also meant a total rethinking of the chamber's operation.
Without a CEO guiding the chamber, Stephanie Palomar, who previously had served as administrative assistant, was named interim executive director.
"Our focus was on reducing the debt and providing services to our membership," Pinedo said, adding that Palomar has done a tremendous job and "was a big part of what allowed us to keep the doors open."
The board of directors, along with Pinedo whose day job as the executive assistant to Chaffey College's president keeps him pretty occupied, devoted its personal time to make sure the chamber was operating.
The board of director's executive committee also has taken over the finances of the chamber.
Dave Bartlett of Brookfield Homes has been appointed vice chairman of finance. His primary focus is moving the chamber's financials into the black, said Cindy Carpenter, chairwoman of the board.
Read full story [Daily Bulletin]