Tahoe Donner News + Life May 2025

Page 1


EDITORIAL + PRODUCTION TEAM

Lindsay Hogan Drew Deurlington Carlynne Fajkos Cynthia Cendreda Jesus Antonio Vazquez Will Apotheker

SENIOR MANAGEMENT

Annie Rosenfeld | General Manager arosenfeld@tahoedonner.com

Miah Cottrell | Director of Information Technology mcottrell@tahoedonner.com

John Groom | Director of Land Management + Open Space jgroom@tahoedonner.com

Jason Hajduk-Dorworth | Director of Administrative Services jhajduk@tahoedonner.com

Lindsay Hogan | Director of Communications + Member Relations lhogan@tahoedonner.com

Justin Malley | Director of Finance + Accounting jmalley@tahoedonner.com

Jon Mitchell | Director of Capital Projects + Facilities jmitchell@tahoedonner.com

Mike Peters | Director of Food + Beverage mpeters@tahoedonner.com

Miguel Sloane | Director of Operations msloane@tahoedonner.com

BOARD OF DIRECTORS

President | Benjamin Levine blevine@tahoedonner.com

Vice President | Denise Gauny dgauny@tahoedonner.com

Treasurer | Don Koenes dkoenes@tahoedonner.com

Secretary | Courtney Murrell cmurrell@tahoedonner.com

Director | Jim Roth jroth@tahoedonner.com

POSTMASTER: Periodical postage paid at Truckee, California and additional mailing offices. Send address changes to Tahoe Donner News + Life, 11509 Northwoods Blvd., Truckee, CA 96161; (530) 587-9400, Fax (530) 579-3224

EMAIL: comdep@tahoedonner.com

ADVERTISING SALES: CC Media + Publishing is the exclusive advertising representative: (775) 742-9850 | laura@ccmpublishing.com

PUBLISHING INFORMATION

Tahoe Donner Association holds the exclusive service mark right to “Tahoe Donner.” Any unauthorized use of such will be regarded as an infringement of that service mark right and is prohibited. The inclusion of advertising in this publication does not constitute an endorsement or recommendation by Tahoe Donner Association or its board of directors of the products, services or views contained therein.

Tahoe Donner News + Life (ISSN 1550-6061) is the official monthly publication of Tahoe Donner Association, which is located at 11509 Northwoods Blvd., Truckee, CA 96161. Each membership parcel receives one subscription to a domestic address. Cost to produce and distribute this publication is offset by advertising revenues. Periodicals Postage Paid at Truckee, CA, and additional mailing offices. Member letters to Tahoe Donner are published in the Member Portal; details available at tahoedonner.com/member-letters

Tahoe Donner News + Life is created largely in-house and is printed on certified recycled paper stock using soybased inks.

General Manager’s Welcome

Building Community

We strive to take positive steps forward, strengthening the sense of belonging in this community and protecting, maintaining and enhancing Tahoe Donner's precious resources and assets. This includes people (you and our staff), places (open space and the neighborhood) and things (facilities, programs, etc.).

One way to build community is by engaging in social events and clubs. Tahoe Donner chartered clubs are very much on my mind for several reasons. First, the board recently accepted the application to establish a Tahoe Donner Gardening Club. Kate Fanter holds a Master Gardener certification and has worked professionally in garden design and landscaping. The new club’s primary goal is to help members learn more about gardening and improve their enjoyment of their own gardens and surrounding ones as well. Its mission is centered around fun and knowledge, offering a welcoming space for all residents to engage in gardening. Look for their first club kickoff meeting in early May in the weekly e-blast.

The second is defining a general policy for establishing and operating chartered clubs. We have had several new chartered clubs begin over the last couple of years, including the running, mountain bike and mah jongg clubs, to name a few. Given this level of interest and enthusiasm, providing members with a clear understanding of how to establish and operate a Tahoe Donner club is best done through policy. I am collaborating with current and past club leadership to complete this project, which will help us achieve our Annual Strategic Goal of Good Governance D.2. This project undoubtedly benefits all current and future committees and the organization.

Finally, at the March board meeting, a member commented on the need to emphasize that Tahoe Donner offers numerous social clubs, which provide

opportunities for members to get to know their neighbors while learning something new or engaging in activities they enjoy. What better way to highlight the diverse chartered clubs than through the welcome letter? Social clubs can also promote their activities in The Buzz section of Tahoe Donner News + Life. Discover all of Tahoe Donner’s current clubs on our website at tahoedonner.com/clubs or turn to page 8. Other ways to meet your neighbors and get involved include quarterly member happy hour events, new member welcome and stewardship events, all planned for the summer.

Member Happy Hour Events

• Wildfire Preparedness + Member Happy Hour – Friday, May 23

• Annual Membership Meeting, Expo and BBQ – Sunday, June 29

• New Member Welcome + Member Happy Hour – Saturday, August 16

• Fall Member Happy Hour – October TBD

Stewardship Events Sampling

• Wildfire Preparedness Panel Discussion (Hosted by Tahoe Donner, including Nevada County OES, CalFire, USFS and TD’s Forestry Department) – May 21

• Guided Wildflower Tour - June

• Guided Birding Tour – July

• Forestry Project Tours – one per month in the summer

What a memorable winter this has been. Though it’s always a little bittersweet to say farewell to all the snowy fun, I’m excited about what’s ahead in the spring and summer months. I enjoy seeing the community reawaken to a flurry of outdoor activities in our beautiful, warm-weather months and celebrating all that makes Tahoe Donner so special.

Annie Rosenfeld General Manager gm@tahoedonner.com

Allan Crawford (Header/2023
Stewardship Day)

GROUNDBREAKING NEW WILDFIRE INSURANCE POLICY

COULD BE A GAME CHANGER

Tahoe Donner has acquired a first-ofits-kind insurance policy that could help change the insurance industry and ultimately make it easier for homeowners to get insurance.

This innovative policy was developed in collaboration with the Nature Conservancy, the University of California, Berkeley, and Willis Towers Watson, a global insurance and risk management company. It is the first time in the U.S. that an insurance policy has acknowledged, in writing, that forest management work reduces the risk of fire and, therefore, lower insurance premiums.

“Tahoe Donner has been tested with fires that have reached the borders of the community, and the forestry work did its job,” said Annie Rosenfeld, Tahoe Donner General Manager. “It slowed the spread of the fire to give firefighters enough time to prevent it from impacting our community. We are proud to be a leader in this field.”

Tahoe Donner was specifically selected as a partner for this policy due to its cutting-edge Forest Health Management Program, which began in 1992 and evolved from trying to create a healthy forest to mitigating climate and wildfire impacts. Tahoe Donner’s work to reduce hazardous wildfire fuels includes mechanical and hand thinning, prescribed burns and fuel break establishment. In total, more than 1,500 acres have been treated in just the past decade.

“The forest management work completed by Tahoe Donner, by removing fuel that could burn and leading to a lower fire risk, has considerably reduced the premium and deductible in this insurance policy,” said David Williams, Associate Director, Alternative Risk Transfer Solutions, Willis Towers Watson.

This new policy, covering 1,345 acres of Tahoe Donner’s forested and recreation land, has a 39% lower premium and 89% lower deductible than would have been the case without nature-based forest management. The new policy does not replace an old one; it is in addition to current insurance policies, expanding the overall coverage for the Tahoe Donner community.

With wildfire risk on the rise, many insurers are scaling back or refusing coverage in high-risk areas like California. Tahoe Donner’s new Wildfire Resilience Insurance offers a muchneeded, innovative approach to protecting the community and managing future risk.

Tahoe Donner’s Forestry Management Program

By The Numbers

1,286

Acres Treated Between 2021-2024

1,265

Acres Treated Between 2014-2020

Total

2,551

875

Acres of Fuel Breaks A fuel break is a strategic strip or block of land where vegetation is modified to slow or stop the spread of wildfire

984 Homes in the 2025 Defensible Zone

2017 Year That Tahoe Donner Association Was Named “Firewise Community of the Year”

2

Retired Fire Chiefs on Tahoe Donner Staff

“By placing this innovative insurance product, we hope to inspire other insurance underwriters to account for the benefit of thinning and prescribed fire and increase the implementation of this type of work more broadly,” said Kristen Wilson, Lead Forest Scientist, The Nature Conservancy in California. The non-profit organization played a key role in securing the policy and is covering the cost of Tahoe Donner’s premium for the first year.

Another key collaborator was Dave Jones, Director of the Climate Risk Initiative, CLEE, UC Berkeley School of Law, former California Insurance Commissioner, and Tahoe Donner homeowner. “Federal, state and local governments, homeowners, homeowners’ associations and businesses are doing the right thing to reduce wildfire risk and invest in nature-based forest management. The improved price and availability of this pioneering insurance policy demonstrate that home and business insurers can and should renew and write property insurance in California and elsewhere in the United States where forest treatment is undertaken.” In fact, Jones says one of the reasons he chose to purchase his home in Tahoe Donner was specifically because of the industry-leading forestry management program.

Another key element of that program is the Homeowner Defensible Space Program. Created in 2008 after a 2007 fire nearly entered the community, the program cycles through the neighborhood in blocks of about 1,000 properties per year, supporting homeowners with guidelines, inspections and support in making their private property less susceptible to fire. The program has evolved since its inception, including increasing the number of properties inspected a year, providing home-hardening recommendations and increasing staff available to consult with homeowners.

Currently, Tahoe Donner has a staff with impressive depth in Forest Health and Fire Mitigation, including two retired fire chiefs, a forest service leader and past wildland fire fighter and a certified arborist who has been on the Tahoe Donner team for 20 years. Special recognition goes to Tahoe Donner’s long-time Registered Forester, Bill Houdyshell, who retired recently after 30 years as the visionary of the Forestry program.

“Fire defensibility is a collaborative effort between Tahoe Donner and the individual homeowners,” said Jason Hajduk-Dorworth Tahoe Donner Director of Admin Services and former fire chief. “The efforts done by members are invaluable in reducing the risk of wildfires. However, this work is not a one-time task. Annual maintenance of your property and around your home is a requirement of living where we do. Remove dead debris from your lot, keep flammable materials away from your home and work with forestry to remove dead trees."

The next logical question a homeowner might ask is, “How do I get a reduction on my insurance now?” Unfortunately, those impacts haven’t happened yet, but this policy opens the door for that in the future. “This is only the first step, but it’s a giant one to get the insurance industry to say in writing that the forest management work being done is impactful and should decrease premiums,” said Hajduk-Dorwoth.

About The Nature Conservancy

The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, onthe-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector and other partners. Learn more at nature.org

About WTW

Willis Towers Watson (WTW) provides data-driven, insightled solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, they help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with clients, WTW uncovers opportunities for sustainable success and provide perspective. Learn more at wtwco.com

About CLEE

The Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley tackles climate change and other environmental challenges at the local to global scale through the development and implementation of equitable and effective legal and policy solutions. Our expert staff leverages the world’s leading public research university to engage community leaders, government, business, and other stakeholders; to lead timely and practical research initiatives; and to train leaders to take action on our most pressing environmental problems. Learn more at law.berkeley.edu/research/clee.

Buzz The

LOCAL ACTIVITIES, CLUBS, DINING + MORE

Spring has Sprung!

April showers have given way to May’s “flowers,” a bouquet of springtime activities to entice us to emerge from our winter sanctuaries. This month, there is much to look forward to. From festive celebrations at Tahoe Donner’s dining amenities to the opening of many of the summer amenities, May kicks off the season with various activities to welcome in the sunshine and warmer weather.

Don’t miss Cinco de Mayo Weekend in Tahoe Donner, with fun and inspired food and drink specials at Pizza on the Hill and The Lodge Restaurant & Pub. See the web for details. Celebrate springtime with a

great meal, great friends and family!

Calling all gardeners!

Tahoe Donner’s new Gardening Club will host its first meeting on May 4 at 4PM in the Gathering Room inside the Northwoods Clubhouse. founder Kate Fanter, join its leadership committee and get to know other avid gardeners in your community. See page 8 for more information.

Hill (50% off your second pizza through May 19) and The Lodge Restaurant & Pub (50% off a second entrée through May 22). Restrictions may apply. Visit the website at tahoedonner.com for more information.

Tennis and Pickleball fans won't want to miss the annual season-opening potluck BBQ at the Tennis + Pickleball center on May 24, featuring food, fun and round robin play!

Information on all special events can be found online at tahoedonner.com/events

Open Season

Upcoming opening dates for Tahoe Donner’s summer amenities are as follows:

• Tennis + Pickleball Center – May 9

• Campground – May 16

• Driving Range – May 16

• Beach Club Marina – May 23

Members, mark your calendars for a member happy hour with Tahoe Donner's Land Management and Forestry teams on Friday, May 23, from 4-6PM at Pizza on the Hill. Enjoy complimentary appetizers, happy hour drink pricing and a brief discussion on wildfire preparedness.

BOGO deals for members with active Member ID Cards continue at Pizza on the

• Golf Course – May 23

• Bikeworks – May 23

• Trout Creek Rec Pool – May 24

• Northwoods Pool – June 21

See the individual amenity pages online for the most up-to-date information at tahoedonner.com

On May 18, the Member Services office will return to regular seven-day-a-week operations. After-hours inquiries can be sent to info@tahoedonner.com

May

2

Cinco de Mayo Weekend at Pizza on the Hill tahoedonner.com/pizza-specials Through May 5

3

Summer Hiring Fair at Pizza on the Hill tahoedonner.com/ summer-hiring-fair

Cinco de Mayo Specials at The Lodge Restaurant & Pub tahoedonner.com/the-lodge/specials

4

Gardening Club First Meeting at Northwoods Clubhouse

See page 8

7

Quilt Club Meeting at Pizza on the Hill

See page 9

9

Opening Day at Tennis + Pickleball Center tahoedonner.com/tennis

16

Opening Day at Tahoe Donner Campground tahoedonner.com/campground

Driving Range Opens tahoedonner.com/driving-range

21

Quilt Club Meeting at Pizza on the Hill

See page 9

Town of Truckee Community Wildfire Forum at Northwoods Clubhouse or Online

See page 22

23

Opening Day at Beach Club Marina tahoedonner.com/marina

Opening Day at Bikeworks tahoedonner.com/bikeworks

Opening Day at Golf Course tahoedonner.com/golf

Alder Creek Cafe Re-Opens With Grab + Go for Season tahoedonner.com/aldercreekcafe

Regular Board Meeting at Northwoods Clubhouse tahoedonner.com/board-meetings

Member Happy Hour

With Tahoe Donner Land Management + Forestry Teams at Pizza on the Hill

See page 22

24

Rec Pool Opens at Trout Creek Rec Center tahoedonner.com/aquatics

Season-Opening Potluck BBQ at Tennis + Pickleball Center tahoedonner.com/tennis

29

Lifeguard Training Courses tahoedonner.com/ lifeguard-certification Through June 1

Thursdays 1, 8, 15, 22, 29

American Mah Jongg Club at Pizza on the Hill

See page 8

Fridays 2, 9, 16, 23, 30

Family-Friendly Free Movie Night at Northwoods Clubhouse tahoedonner.com/ family-movie-night

TAHOE DONNER CONTACTS + HOURS

Beach Club Marina (530) 587-9460

tahoedonner.com/marina marina@tahoedonner.com

Scheduled to open May 23

Open Daily | 7AM-9PM

Marina Grill

Scheduled to open May 23

Open Daily | 11AM-6PM

Grab + Go Only Through June 18

Bikeworks (530) 582-9694

tahoedonner.com/bikeworks bikeworks@tahoedonner.com

Scheduled to open May 23

Open Daily | 9AM-6PM

Campground (530) 587-9462

tahoedonner.com/campground campground@tahoedonner.com

Scheduled to open May 16

Equestrian Center (530) 587-9470

tahoedonner.com/equestrian equestrian@tahoedonner.com

Scheduled to open June 16

Golf Course (530) 587-9443

tahoedonner.com/golf golf@tahoedonner.com

Pro Shop

Open Daily | 8AM-5PM Course

Scheduled to open May 23

Open Daily | 7AM-7PM

Driving Range

Scheduled to open May 16

Open Daily | 7AM-7PM

Northwoods Pool (530) 587-9413

tahoedonner.com/ summer-activities aquatics@tahoedonner.com

Scheduled to open June 21

Recreation Hut (530) 587-9413 tahoedonner.com/recreation-hut recreation@tahoedonner.com

Scheduled to open June 14

Tennis + Pickleball Center (530) 587-9474 tahoedonner.com/tennis tennis@tahoedonner.com

Scheduled to open May 9

Open Daily May 9-22 | 7:30AM-8PM

Open Daily May 23-31 | 7AM-8:30PM

Trails (530) 582-9672

tahoedonner.com/trails trails@tahoedonner.com

Please avoid wet or muddy trails

Trout Creek Rec Center (530) 587-9437 tahoedonner.com/aquatics tahoedonner.com/fitness troutcreek@tahoedonner.com

Gym

Open Daily | 6AM-10PM

Lap Pool

Open Daily | 6AM-8:45PM

Rec Pool

Scheduled to open May 24

Open Daily | 10AM-7PM Hot Tubs, Sauna + Steam Room

Open Daily | 6AM-9:45PM

Dining

Alder Creek Cafe (530) 582-9686

tahoedonner.com/aldercreekcafe

Scheduled to re-open May 23

Grab + Go Daily | 11AM-5PM

The Lodge Restaurant & Pub (530) 587-9455

tahoedonner.com/the-lodge lodge@tahoedonner.com

Pavilion

Scheduled to open May 23

Breakfast Daily | Until 10AM

Lunch Daily | 10AM-5PM Dinner

Open Wednesday-Sunday | 5-8:30PM

Pizza on the Hill (530) 587-9669

tahoedonner.com/pizza pizza@tahoedonner.com

Open Friday-Monday | 4-8PM

Ask about our First Responders Discount!

Member Services (530) 587-9400

tahoedonner.com/welcome info@tahoedonner.com

Open Monday-Saturday April 14-May 17 | 8AM-5PM

Open Daily Starting May 18 | 8AM-5PM

All amenities are weather and conditions permitting. Check the website or call for most upto-date information.

The Buzz: Clubs

Gardening Club

NEW! Gardening Club in Tahoe Donner!

Interested in learning more and sharing your experience as a Truckee gardener? Tahoe Donner will host us as we compare techniques, listen to local experts and visit active gardens for inspiration and education. This will be a FUN and casual way for gardeners of all levels to collaborate, celebrate or commiserate as Mother Nature intends!

Please join this NEW CLUB at the ground level to help shape its direction. The first meeting will be held on Sunday, May 4, at 4PM in the Gathering Room in the Northwoods Clubhouse. One of our first orders of business will be to determine our future meeting schedule and timing. We envision meeting once a month from April through October and occasionally and/or virtually during the winter.

Please also consider becoming active on its leadership committee. We will be recruiting for these positions at the first meeting.

1) Vice President – Serves as a backup to the President and help with membership and meetings.

2) Communications Officer – Posts updates and meeting details on this website, record minutes and help promote the club via various communication channels.

3) Treasurer – Collects dues if the club elects to charge them.

Kate Fanter, a TD resident and the club’s founder will serve as President for the first 2-year term. For more information and to sign up for the club, visit the website at tdgardeningclub.com

4-Wheelers Club

May 2-4 is our trip to Lovelock, Nevada, to explore old mining sites in the Seven Troughs Range, including Mazuma and Tunnel Camp. A flash flood wiped out Mazuma in July 1912. There was considerable gold mining in the area and evidence of

their fruitless efforts to drain the water from the deep mines by building a 2.5-mile drainage tunnel similar to the Sutro Tunnel serving Virginia City. Unfortunately, they missed the mine shafts and gave up in 1934. We’ll also explore the Lovelock Caves to the southeast. There’s a lot of history in those hills!

On May 17, we’ll do an easy run to look for wild horses from the aptly named Wild Horse Trail near Dayton, Nevada. This is a good first run for those new to four-wheeling. Check out the 2025 trail run schedule at td4wheelers.org. Members can sign up for runs there.

9-Holers Women’s Golf Club

Following our successful meet-andgreet event in March, membership for the 2025 season is now open. The TD Women's 9-Holers Golf Club is open to all female members ages 18 and older. We are a diverse group of women who enjoy mixing golf with social activities. We play a 9-hole shotgun start on Thursday mornings at 8AM at Tahoe Donner Golf Course. A handicap is not necessary to play. Dues for the 2025 season are $75. There is no commitment to play every week; just come out when you can!

Whether you were a member in 2024 or are a new member, you can sign up on the website. New members are always welcome and encouraged. If you have thought about playing, come check us out. Learn more and join us at td9holers.com

We also had a great clinic with Head Golf Pro Jeff Hwang where we explored The Mental Game of Golf. We learned about all the things you should know about golf that have nothing to do with how you swing the club. Clinics like this are fun and immensely informative!

American Mah Jongg Club

Welcome back, Snowbirds!

At about this time each year, our membership seems to swell as we welcome back the players who have flown to warmer climes, like Arizona, California and Texas, to name a few, during the winter months. We are delighted to see them back, bringing with them tales of out-of-state players’ hijinks and maybe some new table rules we may want to adopt.

This time of year is an excellent time to join our club. The influx of returning players means more warm smiles and welcoming invitations! Please come down to Pizza on the Hill on any Thursday at 1PM to get in on the fun. More opportunities to spend time with the new 2025 NMJL card!!

Our club meets every Thursday at Pizza on the Hill from 1-4PM. We play American Mah Jongg using the current year’s National Mah Jongg League card and rules. No RSVP needed! For more information about the Mah Jongg Club, contact Linda Slattery at lbslattery@yahoo.com or Dori Schick at doridans@hotmail.com.

Equestrian Club

The Equestrian Club would like to express their gratitude to Krystal-Rae Mecham for her many years of service to Tahoe Donner as the Equestrian Center Manager. Her expertise and care for the Tahoe Donner herd and member horses was exceptional. She brought us new horsemanship programs, ideas and activities that expanded the enjoyment

of the Equestrian Center and the joy of horses to the broader TD membership. She will truly be missed.

We wish Krystal-Rae well in her future endeavors.

Mountain Bike Club

The Trails Are Calling! Spring is here, and the snow is melting fast! As the trails begin to clear, we’re gearing up for another incredible riding season with the Tahoe Donner Mountain Bike Club (TDMTB). Whether you’re a seasoned rider or new to the sport, now is the perfect time to dust off your bike and get ready to hit the dirt.

We’re excited to reconnect with our amazing community and explore the breathtaking trails around Truckee. Stay tuned – our summer ride schedule will be posted soon! Expect a mix of social rides, skill-building sessions and epic adventures to keep you stoked all season long.

We

The Buzz: Clubs,

Men’s Golf Club

Are you an avid golfer looking to test your game against others? Are you a recreational golfer looking to socialize and enjoy friendly competition? Maybe you are new to golf and looking to improve your game in a welcoming and fun atmosphere. Whatever your situation, the TD Men’s Golf Club, with over 150 members, is right for you! We offer a variety of golf and social events throughout the season with something for everyone. To join and view our 2025 Calendar of Events, visit the Club’s website at tdgolfclub.com

For more information about the Men’s Golf Club and any membership inquiries, visit tdgolfclub.com or contact Membership Chair Dave Janiszewski at janiszewski.tdgolf@gmail.com

Quilt Club

I always welcome May with a smile. Warmer weather and long daylight, what’s not to like? The flowers are starting to brighten the landscapes, and various shades of green appear here and there. My mom always said that green was the color of hope. To me, it is the color of nature awakening. It’s always so breathtaking to see the California hills when they are bright green!

But around here, the landscape changes while keeping a snow cover at the high elevations. So, we have it all: flowers, green, snow, blue sky and beautiful sunshine. Lisa Furr’s beautiful mountain scene is such a great representation of this!

If you want to know more about what we do, feel free to contact me at odette.turmel@gmail.com. The Tahoe Donner Quilt group meets on the first and third Wednesdays of the month in the Meadow Room of the Northwoods Clubhouse from

1-3PM. Starting in June, we will change to the summer hours of 3-5PM.

Senior Alpine Ski Club

We have had a fabulous Miracle March and an awesome April to close our ski season with wonderful powder days! Our Tahoe region has achieved over 100% of the average snowpack, which is so needed for our summer water and fire abatement.

Our members enjoyed a pizza party on the hill at Alpine Meadows with a dog party in April. We hosted our end-of-theseason potluck banquet at the Alder Creek Adventure Center and elected new board members for the upcoming 2025/26 season! Please visit our website at tdski.com for more information and to join.

Women’s Golf Club

Spring is just around the corner (we hope!), and before long, we’ll be back out on the course enjoying some golf. If you’re looking to get a little pre-season practice in, the golf simulator at the Tahoe Donner Pro Shop is open and accepting reservations through April. If you're eager to hit the course before our first official play day on Tuesday, May 27, consider signing up for an NCGA event. Our first Sac Play Day is on April 14, followed by another on Monday, May 12.

The Tahoe Women’s Golf Club is ready to tee off for the season with Tuesday morning play from late May through midOctober. Each session features a shotgun start and a variety of games, including monthly “just play golf” days, a memberguest invitational and optional tournament play. We hope you’ll join us for our season kick-off event on Sunday, May 25, at 4PM (significant others are welcome!) and also on our first official play day on May 27. Come have fun and meet other likeminded women who enjoy the game! For more information on membership and the event calendar, visit tdwomengolf.org

4-Wheelers

Tim West club@td4wheelers.org

9-Holers Women’s Golf

Debi Lorraine debi.lorraine@gmail.com

American Mah Jongg Dori Schick doridans@hotmail.com

Equestrian

Susan Terrell terrellsf@earthlink.net

Gardening

Kate Fanter tdgardeningclub@gmail.com

Hiking

Robin Reese rbtahoe@sbcglobal.net

Junior Golf

Molly Springmann mspringmann@tahoedonner.com

Limited Abilities

Persons’ Golf

Mike Srago msrago@comcast.net

Men’s Golf

Michael O'Connell tdmensgolf@gmail.com

Mountain Bike

Dustin Young dustinyoung75@gmail.com

Quilt Odette Turmel odette.turmel@gmail.com

Rowing

Val Brinker vbrinker@dicksonrealty.com

Running Scott Bauhs info@tdrunclub.com

Senior Alpine Ski

Stephen O’Brien stephob@comcast.net

Women’s Golf

Mary Liz Wardlaw tdwgclub@gmail.com

and promoting

Learn more and get an application at tahoedonner.com/clubs

Annual Report 2024

Dear Members,

On behalf of the Tahoe Donner Association Board of Directors and management team, we are pleased to present the 2024 Annual Report. This includes the association’s audited financial statements for 2024 and additional information about your homeowners’ association. Please review the report for insights into our operating performance and financial health. Tahoe Donner remains in a strong financial position, with a total Members’ Equity of $90.1 million, or approximately $13,922 per property. This marks an 8.1% increase from 2023.

Tahoe Donner’s operational financial performance is significantly tied to our Sierra weather. Winter snow operations –Downhill Ski Resort, Cross Country Ski Center (TDXC) and Snowplay – were challenged with poor snow conditions. Our investment in snowmaking equipment over the past several years benefitted both financial performance and member enjoyment in 2024. While the Downhill Ski Resort and TDXC performed below budget partly due to the poor snow conditions and a one-season shift in construction of the new ski lodge, all three winter snow operations produced positive net operating results. These positive results cover other association expenses that would otherwise be paid by the Annual Assessment.

For fiscal year 2024, Tahoe Donner’s operating revenue, including the Operating Fund portion of the Annual Assessment, totaled $25.19 million. Operating expenses, including taxes, amounted to $25.75 million, resulting in a deficit of $555,977. As discussed above, contributing factors included winter snow operations and aggressive revenue expectations for the winter operations and Food & Beverage outlets. The association’s Contingency Fund,

which covers such shortfalls, remains at approximately $1.4 million after addressing the 2024 deficit.

Many of our facilities built in the early 1970s require upgrades or replacements while our membership continues to grow and evolve. To meet these needs, the board and management team are focused on continually improving our amenities and services. Key projects started in 2024 and continue into 2025, including the Marina Deck Expansion, Downhill Ski Lodge construction, Glacier Way Parking Lot Expansion and Golf Cart Path re-paving.

At year-end 2024, the association’s cash and investments totaled $45.4 million, up 1.7% from 2023. This is the highest in Tahoe Donner’s history. These reserves will fund the completion of capital projects underway and support future improvements to meet increased member demand, evolving recreational trends, building code changes and the safety of our members, guests and staff. Ongoing investment in the association strengthens its financial position, enhances member experiences and supports home values. No special assessments are planned.

We are grateful for our talented staff and dedicated member volunteers who continue to shape the association. Whether Tahoe Donner is your primary home, vacation retreat or something in between, we appreciate your membership.

$15.6 MILLION IN CAPITAL EXPENDITURES REINVESTING IN YOUR ASSOCIATION, PROTECTING YOUR INVESTMENT

CAPITAL DISCUSSION STARTS ON PAGE 10

$2.0 MILLION IN OPERATING FUND RESERVES A PROVEN NECESSARY CONTINGENCY FUND BALANCE

$13,922.16 PER OWNER MEMBER EQUITY A 8.1% INCREASE FROM 2023 -$555,997 NET OPERATING DEFICIT TO BUDGET AFTER VERY DRY JANUARY, NOVEMBER + DECEMBER

DETAILS ON PAGE 2

VISION STATEMENT

Tahoe Donner is a vibrant and desirable mountain community providing attractive and well-maintained facilities, events, programs and leading customer service to its members, guests and public, all while maintaining accessible and healthy natural surroundings.

Dear Members,

The purpose of this Annual Report is to provide a comprehensive report on Tahoe Donner Association’s 2024 financial results.

The consolidated Operating Fund generated a deficit to Budget of -$555,977. While early season deficits caused by limited snowfall during our peak operating window were mitigated through proactive cost management strategies – allowing the Association to break even by the end of November – a notably dry December had a significant impact on visitation to our winter operations.

Revenue finished more than $1 million below Budget, primarily due to reduced visitor counts during the winter season. Food + Beverage and retail also fell short of expectations, resulting in a $381,000 unfavorable variance to budgeted revenue. However, the lower revenue was partially offset by cost savings in payroll ($310,000), utilities ($221,000) and employee benefits ($113,000) compared to budgeted expenses.

The board of directors, Finance Committee and management continuously monitor both operational and financial performance and are committed to proactive and responsive management, ensuring that our service levels align with volume and financial goals.

Please contact me anytime to discuss this report or any other financial aspects of your Association.

JUSTIN MALLEY, Director of Finance, Accounting + Business Support jmalley@tahoedonner.com | (530) 587-9418

Operating Fund

OPERATING FUND RESULT: -$555,977 DEFICIT TO BUDGET

Net Operating Result Loss of $8.2 million (excluding revenue from the Annual Assessment). The period of November-December 2024 –like the prior year – was exceptionally dry, which deterred visitation to the Tahoe region and ski areas.

$17.5 MILLION OPERATING REVENUES

-14.0% unfavorable to Budget, but -0.5% (flat) year over year to 2023

$25.7 MILLION OPERATING COSTS 1.7% favorable to Budget and -3.7% unfavorable to 2023

$15.6 MILLION CAPITAL FUNDS EXPENDITURES

Up $8.7 million, or 125.0% from 2023

$7.7 MILLION | $1,186 PER OWNER

Annual Assessment Contribution to Operating Fund in 2024, up $121 per owner from 2023

$11.1 MILLION | $1,721 PER OWNER

Annual Assessment Contribution to Capital Funds in 2024, up $162 per owner from 2023

$105.0 MILLION TOTAL ASSETS

Up $10.4 million, or 11.0% to 2024

$90.1 MILLION | $13,922 PER OWNER

Members’ Equity as of Dec. 31, 2024, up 8.1% from 2023

Net Operating Results – 2024 Variances to Budget

Poor snowfall levels led to low visitation at winter operations, although some late season spring snow slightly mitigated the “damage.” This period saw 32,786 downhill skier visits (21% lower, year-over-year) and 38,664 cross country skier visits (2% lower, year-over-year).

MAY-SEPTEMBER

The Golf Course had a modified opening due to cart path reconstruction projects. Food + Beverage revenue targets were set very aggressively. Management continued to manage spend (e.g. some delayed hiring of leadership roles). Weather was generally great and amenity visitation reflected that.

OCTOBER-DECEMBER

Very limited snowfall challenged winter operations, but prior snowmaking investments continued to benefit downhill and cross country amenities. However, very aggressive revenue targets exacerbated the situation, particularly with the downhill ski lodge construction underway.

Revenue and Payroll

• Revenues unfavorable -$437,174, or -5.4%, to Budget.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) were favorable $371,969, or 4.2%, to Budget.

• Net Operating Result unfavorable -$65,206, or -7.8%, to Budget.

• Revenues unfavorable -$164,348, or -2.2%, to Budget.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) were favorable $241,197, or 2.1%, to Budget.

• Net Operating Result favorable $76,849, or 1.9%, to Budget.

• Revenues were unfavorable -$411,275, or -$14.0, to Budget.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) were unfavorable -$156,345, or -2.8%, to Budget.

• Net Operating Result was unfavorable -$567,620, or -11.5%, to Budget.

ANNUAL ASSESSMENT Distribution of 2024 Annual Assessment

$2,907 Per Owner

DISTRIBUTION OF 2024 ANNUAL ASSESSMENT ($2,907 PER OWNER)

ANNUAL ASSESSMENT PER OWNER BY FUND

Annual Assessment Per Owner by Fund

Accumulating funds over time to address the aging infrastructure needs of your

KEY NOTES

Capital Funds Portion of Annual Assessment

• The Replacement Reserve Fund portion has been deliberately increased over time to improve the reserve funding level of our 50-plus year-old association. Underfunding reserves is considered the bane of many associations across the country.

Tahoe Donner adopted a reserves funding policy and recent boards have adhered to this policy. The association’s reserves are now in a much stronger financial position to handle the replacement and major maintenance needs of the association’s assets.

• The Development Fund portion was held at $250 for six years (2011-2016) and has increased steadily in subsequent years in recognition of known future funding requirements. This funding is for eventual building replacements, such as the Downhill Ski Lodge, due to functional obsolescence, and for new facilities or other new major projects due to the changing needs of the membership.

More Capital Funds historical information on pages 10-11

Operating Fund Portion of Annual Assessment

• For 2021, the Operating Fund portion was increased by $86 per owner to offset minimum wage increases and a 23% increase in liability insurance; there was no Assessment increase to the New Equipment Fund.

• For 2022, the Operating Fund portion decreased $50 per owner due to projected strong revenue at the Golf Course, Downhill Ski Resort and Cross Country Ski Center operations, while the association absorbed further insurance and payroll costs.

• For 2023, the Operating Fund portion increased $119 per owner with presumed construction on the Downhill Ski Lodge impacting winter operations, as well as increased utility and insurance costs.

• For 2024, the Operating Fund portion increased $121 per owner primarily due to projected cost increases for labor (California minimum wage) and insurance (health, worker’s comp and general liability).

More Operating Fund historical information on page 4

OPERATING FUND

OPERATING FUND

ACTUAL RESULTS

Actual Results

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0

($5,000,000)

($10,000,000)

($15,000,000)

($20,000,000)

($25,000,000)

($30,000,000)

Revenue finished the year $1,006,000 unfavorable to Budget, while Utilities, Supplies + Maintenance and Staff Retention + Incentives saw total expenses favorable to Budget by $476,000.

NOTE: Each year is subject to volatility due to weather and other variables. See page 28 for budget growth information.

OPERATING FUND

Operating Fund Members’ Equity Accumulated Net Results

OPERATING FUND ACCUMULATED NET RESULTS, CONTINGENCY

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$0

Costs are greater than Operating Revenues (every year), though costs have increased at a lower growth rate. Therefore, the resulting NOR loss growth rate is lower than both revenue and cost growth rates.

+ $850,213 favorable results in 2021 - $ 0 transfers

+ $850,213 (A) 2021 change in Operating Fund equity (In 2024, $400,000 of surplus transfered to Replacement Reserve Fund and $100,000 transfered to New Machinery Fund.)

- $233,842 unfavorable results in 2022

- $ 0 transfers

- $233,842 (B) 2022 change in Operating Fund equity

- $342,963 unfavorable results in 2023

- $ 0 transfers

- $342,963 (C) 2023 change in Operating Fund equity

- $555,977 unfavorable results in 2024

- $500,000 transfers

-$1,055,977 (D) 2024 change in Operating Fund equity

FOR 2025 BUDGET

The 2025 Budget was prepared with the assumption of continued labor cost pressure, along with normalizing inflation and the impact of operating temporary winter facilities at Downhill Ski Resort due to the ski lodge construction.

Net Results After Replacement Reserve Capital Charge

By Department

Net Operating Result (NOR) is defined as operating revenues less cost of goods sold and operating payroll and expenses.

Net Results after Replacement Reserve Capital Charge, which is effectively a depreciation-like charge, is presented to the right.

Refer to pages 6 and 7 for additional details.

Operating Fund Results

2024 Departmental Summary

Trout Creek Recreation Center + Aquatics

Beach Club Marina

Tennis Center

Recreation Programs

Day Camps

TOTAL PRIVATE AMENITIES

Golf Course

Downhill Ski Resort

Cross Country Ski Center

Snowplay

Campground

Equestrian Center

Trails

Bikeworks

The Lodge, Dining + Banquets

The Lodge, Summer Lunch + Golf Food Service

Pizza on the Hill

Alder Creek Cafe

TOTAL

YEAR ENDING DECEMBER 31, 2024

Laura Chiorello (2024 Photo Contest entry)

Operating Fund Results

2024 Highlights Versus Budget

NOR = Net Operating Results. NOR is defined as the net result of operating revenues less cost of goods sold, operating payroll and expenses and any overhead allocation.

PUBLIC AMENITIES

BIKEWORKS

NOR LOSS ($29,464)

UNFAVORABLE ($3,031) / -11% TO BUDGET

Revenue was 22% above budget, driven by retail special orders (e-bikes), though the high COGs resulted in a minimal impact on the bottom line. The combination of higher COGs and labor costs brought NOR close to budget.

CAMPGROUND

NOR ($2,541)

FAVORABLE $6,893 / 73% TO BUDGET

A smoke-free summer helped drive campers and revenue to come in $14k favorable to budget. Disposal, sewer and electric costs were increased due to higher visitation ending $7,000 favorable to budget.

EQUESTRIAN CENTER

NOR LOSS ($217,171)

UNFAVORABLE ($17,286) / -9% TO BUDGET

Revenue was 8% above budget, despite a decrease in camp participation, with the shortfall offset by special events, lessons and boarding. However, high labor costs led to operating expenses exceeding the budget by $27,000, or 7%.

GOLF COURSE

NOR ($431,476)

UNFAVORABLE ($133,322) / -45% TO BUDGET

Late spring snowfall delayed the season's opening, and the cart path project restricted play to 9 holes in both June and October. However, strong retail sales ($39,000 above budget) helped offset the loss in green fees and ongoing wage pressures for Golf Maintenance staff in the region.

TRAILS

NOR LOSS ($264,025)

FAVORABLE $35,373 / 12% TO BUDGET

Staffing and scheduling were effectively managed, ensuring a balanced approach to both Capital Projects (reserve work) and standard operating expenses. NOR exceeded budget by 12% and showed a 2.6% increase year-over-year.

CROSS COUNTRY SKI CENTER

NOR $663,305

UNFAVORABLE ($83,698) / -11% TO BUDGET

January conditions were poor, but a lateseason rally helped, though November and December still saw unfavorable conditions. Season pass sales rebounded in December 2023, but remained below budget, contributing to a $103,000 revenue shortfall and a -10% NOR.

DOWNHILL SKI RESORT

NOR $ 1,692,275

UNFAVORABLE ($320,999) / -16% TO BUDGET

January’s poor snow conditions led to operations being 50% below budget to start the year. Additionally, due to unconfirmed ski lodge demolition, December budgeted numbers were reduced, but imperfect considering there was no ski lodge, further compounded by unfavorable snow conditions. Despite this, NOR was only down only 1.5% year-over-year. In 2024, revenue dropped 12%, while expenses were 10% lower.

SNOWPLAY

NOR $118,142

FAVORABLE $9,140 / 8% TO BUDGET

Snowplay was less affected by January’s poor conditions, thanks to cold temps for snowmaking. Strong visitation from January to March offset December’s revenue shortfall, when only one lane was open due to limited snow and snowmaking temps.

ALDER CREEK CAFE

NOR LOSS ($150,123)

UNFAVORABLE ($68,796) / -85% TO BUDGET

Revenue exceeded budget by 2% and increased by 4% year-over-year, while expenses were below budget by 15% and down 37% compared to the previous year.

PIZZA ON THE HILL

NOR LOSS ($188,715)

UNFAVORABLE ($21,653) / -13% TO BUDGET

Bingo Night, Music by the Meadow and Trivia Night consistently attracted strong attendance. While the BOGO promotions were well-received by guests, they resulted in significantly higher COGs than budgeted. Staff scheduling challenges in the first half of the year were resolved, leading to a more efficient workflow moving forward.

THE LODGE

NOR LOSS ($1,011,067 )

UNFAVORABLE ($497,493) / -97% TO BUDGET

Revenue (-16%) and expenses (-5%) were both below budget, partly due to aggressively set targets, staff scheduling challenges in the first half of the year, and mixed coding between the Lodge and Summer F+B, which caused the Lodge NOR to look worse, and the Summer F+B to look better.

SUMMER F+B

NOR LOSS $130,003

FAVORABLE $153,237 / 660% TO BUDGET

Revenue (1%) and expenses (44%) were both favorable to budget. However, the results for COGs and NOR are skewed due to mixed coding between The Lodge and Summer F+B, which impacted the outcomes at both operations (see above).

PRIVATE AMENITIES SUPPORT SERVICES

BEACH CLUB MARINA

NOR $258,693

FAVORABLE $32,317 / 14% TO BUDGET

Exceptional summer weather drove significant increases in visitation, resulting in a 19% year-over-year revenue growth.

DAY CAMPS

NOR $116,279

FAVORABLE $44,370 / 62% TO BUDGET

Revenue was close to budget, though slightly below expectations. Salaries and wages were $46,000 (31%), under budget.

RECREATION PROGRAMS

NOR LOSS ($31,244)

UNFAVORABLE ($11,307) / -57% TO BUDGET

Revenue was nearly flat, slightly exceeding budget. However, group insurance costs were $19,000 over budget, reflecting a 393% unfavorable variance.

TENNIS + PICKLEBALL CENTER

NOR $50,481

FAVORABLE $6,722 / 15% TO BUDGET

Operations opened earlier than budgeted, contributing to a 24% increase in revenue compared to budget and a 26% increase year-over-year.

TROUT CREEK REC CENTER + AQUATICS

NOR $18,153

FAVORABLE $27,624 / 292% TO BUDGET

Both Trout Creek’s and Aquatics’ NOR were favorable to budget, though labor and expense pressures impacted year-over-year NOR results.

COMMUNICATIONS

NOR LOSS ($666,117 )

FAVORABLE $45,261 / 6% TO BUDGET

Advertising revenue was down $15,000 (-5%) compared to budget. In recognition of early revenue trends, staff reduced admin expenses ($30,000) and held a position vacant ($25,000), coming in favorable to budget.

COMMUNITY STANDARDS OFFICE

NOR LOSS ($378,794)

UNFAVORABLE ($30,434) / -9% TO BUDGET

Amid staff turnover and changes, both total revenue and expenses fell short of budget.

FORESTRY

NOR LOSS ($1,119,279)

FAVORABLE $184,567 / 14% TO BUDGET

Revenue was significantly unfavorable (-69%) with no grant revenue. Significant labor was allocated to capital projects, which helped expenses come in $386,000 (24%) favorable.

MAINTENANCE

NOR LOSS ($1,123,362)

UNFAVORABLE ($116,979) / -12% TO BUDGET

Increased health insurance costs and higher enrollment due to life changes accounted for 56% of the variance; the remainder was from general property maintenance not tied to a specific amenity.

I.T., FINANCE + HUMAN RESOURCES

NOR LOSS ($2,568,338)

FAVORABLE $41,944 / 0% TO BUDGET

Salaries and wages were under budget due to vacant positions throughout the year, but rising expenses increased overall spend and negatively impacted year-over-year NOR.

CAPITAL RESERVES Replacement Reserve Fund

REPLACEMENT RESERVE FUND

Members’ Equity YEAR-END FUND BALANCE + Percent Funded

MEMBERS EQUITY (FUND BALANCE) AND PERCENT FUNDED

$8,000,000

• The Replacement Reserve Fund is the capital reserve fund for existing asset components of the Association. This savings fund is utilized to replace and preserve assets of the Association as they depreciate over time. There are over 2,300 components in the reserve study, which is updated every year by staff. A complete physical inspection of all components is performed every three years and last occurred in 2022.

• The Association has a Replacement Reserve Fund policy that provides for a target minimum of 25% funded.*

• The reserve study does not include the replacement of existing buildings. Funding for the replacement of existing buildings comes from the Development Fund, seen below.

DEVELOPMENT FUND

Development Fund

MEMBERS EQUITY (FUND BALANCE)

• The funding level from the Annual Assessment generally needs to increase each year to keep pace with, or exceed, the inflation rate.

• The Association has a fiduciary duty to adequately reserve for the preservation of assets, which ultimately protects property values.

• The 2024 assessment funding level was $854 per owner, or $5,527,942, a decrease of 1% over 2023. An additional $400,000 was funded from the 2021 surplus.

• The 2025 assessment funding level was $940 per owner, or $6,084,620, an increase of 10% over 2024.

Members’ Equity YEAR-END FUND BALANCE

$18,000,000

$16,000,000

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$0

• The Development Fund was established as authorized in the governing documents of the association to accumulate funds for large-scale projects identified as necessary due to the new capacity requirements or changing needs of the association.

• The board, Long-Range Planning Committee and management guide the prioritization of the numerous projects identified for Development Fund expenditure. The list of projects is actively updated through input from open

member meetings and articles shared online at tahoedonner.com and in the Tahoe Donner News + Life magazine.

• The 2024 assessment funding level was $867 per owner, or $5,612,091, an increase of 25% over 2023.

• The 2025 assessment funding level was $902 per owner, or $5,838,646, an increase of 4% over 2024.

CAPITAL EXPENDITURES

EXPENDITURES BY YEAR 10 YEAR TOTAL = $62.0 MILLION CAPITAL FUNDS

Capital Funds Expenditures by Year 10-YEAR TOTAL = $62.0 MILLION

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$16,000,000 $4,000,000

$2,000,000

Ten-year total spend of $62.0 million equates to an average of $6.2 million in Capital Fund expenditures per year. The 10-year average depreciation expense is $3.1 million per year for a total of $31.0 million. Note that many older assets are fully depreciated and have no annual depreciation expense.

The net effect is a growth in net fixed assets. Over the 10 years, the CAGR was 3.6% for net fixed assets.

Net fixed assets grew from $40.0 million at the end of 2015 to $57.0 million at the end of 2024, a 3.6% growth rate. Your association has invested in fixed assets to improve member enjoyment and protect home values.

THE BOARD HAS A FIDUCIARY RESPONSIBILITY (BY LAW) TO DO WHAT IS BEST FOR THE ASSOCIATION, BOTH NOW AND FOR THE FUTURE. CURRENT OWNERS HAVE THE RESPONSIBILITY TO PAY FOR THE DEPRECIATION OF ASSOCIATION ASSETS, NOT TO DEFER THE BURDEN TO FUTURE OWNERS. PROPERLY MAINTAINING OUR ASSETS PROTECTS OWNERS’ PROPERTY VALUES.

CAPITAL INVESTMENT OVER THE 10 YEARS INCLUDES:

$39.6 million in replacement and major repairs of existing assets (per reserve study plan)

$4.0 million per year with 10-year average, maintaining existing asset components (depreciation average is $3.1 million)

$3.3 million per year for first 5 years average, maintaining existing asset components

$4.6 million per year for second 5 years average, maintaining existing asset components

The increase from 2015-2019 average to the 2010-2024 average is due to the overall aging of assets, the impact of Development Fund projects on related reserve components, construction of the lodge at Downhill Ski Resort, improvements to the Beach Club Marina, Glacier Way and Golf Course cart paths, as well as investments in updated maintenance equipment.

$20.9 million in Development Fund capital investments, including:

Downhill Ski Resort snowmaking investment (2015)

Solar projects at three locations (2015-2016)

Equestrian campus relocation and upgrades (2015-2017)

Crabtree Canyon land – 640 acres (2016)

Alder Creek Adventure Center exterior storage building (2017)

Equestrian campus improvements, Eagle Rock Chairlift building improvements (2018)

Trout Creek Recreation Center building expansion (2019-2020)

Bermgarten Trailhead paving (2020)

Downhill Ski Lodge professional services, Cross Country Ski Center snowmaking investment (2021-2023)

Beach Club Marina Deck Expansion (2023-2024)

Glacier Way Parking Lot + Trailhead improvements, Downhill Ski Resort lodge replacement, Golf Course cart path repair + replacement (2024)

$1.5 million in New Equipment Fund capital investments

$149,000 per-year average

Forestry Tree Masticator (2023) New Vehicles (2024)

CAPITAL FUNDS

Replacement Reserve Fund

32.6% FUNDED

The ratio of the Replacement Reserve Fund balance as of December 31, 2024 and the Replacement Reserve Components current replacement cost estimate (100% Funded Allocation Method) for December 31, 2024. See page 10 for by-year trends.

$5.3 MILLION | 2024 Expenditures

• $1,569,000 GOLF Cart Paths, Irrigation, Bridge on Hole 18 and Bunkers

• $798,000 DOWNHILL SKI RESORT Components for Ski Lodge Replacement Project Construction

• $496,000 INFORMATION TECHNOLOGY Fiber, Infrastructure and Software Licensing

• $430,000 FORESTRY Mastication and Fuel Reduction

The Replacement Reserve Fund (RRF) is used to account for financial resources designated for the repair, restoration, replacement or maintenance of, or litigation involving the repair, restoration, replacement or maintenance of major components that the association is obligated by state law and sound business practices to repair, restore, replace or maintain. A 30-year reserve funding and expenditure plan is produced every three years, and updated annually, to schedule and analyze the funding and expenditure needs. Over 2,300 individual items are tracked in this plan, with a current replacement value of $74 million.

2024 saw a variance in expense to budget of $4.9 million, mostly due to pushing out the purchase of RRF components of the Downhill Ski Lodge replacement project into 2025.

The year-end fund balance increased by $1.6 million, or 9.0%, from 2023. The balance fluctuates each year due to the funding level from assessment and transfers, if any, as well as expenditures each year, in accordance with the 30-year reserve study.

Development Fund

$10.3 MILLION | 2024 Expenditures

• $8,942,000 DOWNHILL SKI RESORT Ski Lodge Replacement Project

• $448,000 TRAILS Parking Lot and Bathroom at Glacier Way

• $438,000 GOLF Carts and Cart Paths

• $421,000 BEACH CLUB MARINA Deck Expansion Project

The Development Fund was established and authorized in the governing documents of the association to accumulate funds for use in the development of – and additions to –facilities identified by the board as necessary due to new capacity requirements of the association or changing needs of the community.

The Development Fund includes funds accumulated for the specific purpose of replacing existing buildings, as only certain components of buildings are in the Replacement Reserve study.

The assessment contribution for 2024 was $5,612,091, or $867 per owner, reflecting a 25% increase from 2023. The year-end fund balance decreased by $3,900,000, or 24.0%. This decrease was primarily driven by the start of the Downhill Ski Resort lodge replacement project.

New Equipment Fund

$99,852 | 2024 Expenditures

• $35,000 FORESTRY 2024 Toyota RAV4 Crew Vehicle

• $13,000 MAINTENANCE Dump Trailer

• $13,000 ACCOUNTING Tradogram (Accounts Payable Software)

• $38,000 TRAILS Glacier Way Parking Lot Expansion

The New Equipment Fund is used to account for financial resources designated for the acquisition of new assets identified as necessary for the association to operate more efficiently or provide new services to members.

There was no assessment contribution for 2024. The $118,000 reimbursement grant from the Truckee Fire Protection District was received, and an additional $100,000 from prior year returns was contributed to the New Equipment Fund in 2024. The year-end fund balance of $8,673 increased by $121,000, compared to 2023.

Property Fund

The Property Fund is used to account for the association’s investment in its fixed assets. Capital additions to fixed assets totaled $13.6 million ($5.2 million in 2023). Depreciation expense for the year totaled $3.1 million ($3.2 million in 2023).

Total gross fixed asset value of $105.0 million equates to $16,836 per owner and net book value of fixed assets and construction in progress of $57.2 million equates to $8,829 per owner (an increase of $1,546 from 2023).

Capital Funds Summary

YEAR ENDING DECEMBER 31, 2024

Beginning Fund Balance

Assessment Contribution

Interest Revenue

Operating Fund Transfer In Other Revenue + Expense, Net

Major Maintenance + Fund Expenses

Expenditures for Capital Additions

Change in Fund Balance

ENDING FUND BALANCE

RESERVE FUND NEW EQUIPMENT FUND

Beginning Fund Balance

Assessment Contribution

Interest Revenue

Operating Fund transfer in Other Revenue & Expense, Net

Major Maintenance & Fund Expenses

Expenditures for Capital Additions

Change in Fund Balance

ENDING FUND BALANCE

DEVELOPMENT FUND

Beginning Fund Balance

Assessment Contribution

Interest Revenue

Operating Surplus Transfer In Other Revenue + Expense, Net Fund Expenses

Expenditures for Capital Additions

Change in Fund Balance

ENDING FUND BALANCE

CAPITAL FUND TOTALS

Major Maintenance + Fund Expenses

Expenditures for Capital Additions

TOTAL

(13,648,285) $ (15,616,346) $ 16,176,787 5,825,700 253,094

15,394,855 5,612,091 529,000(49,000) (226,000) (18,808,080) (12,941,989) 2,452,866 (507,000) (29,393,493) $ (29,900,493) $ 1,351,696 (297,758) 691,489 400,000 (5,064) (1,381,789) 6,781,309 6,188,188 7,539,883 (153,349)(2,027) (100,000) 118,633 -

(34,000) (281,000) (10,385,413) (4,621,619) 11,555,168

116,754 (36,595) 864,452364,709(69,147) (79,272) 8,863,751 9,080,041 9,944,494 (1,461,061) 15,745,208 $ 14,284,147 $ 16,075,485 5,599,145 857,417(78,591) (1,443,666) (3,481,307) 1,452,998 17,528,483 259,5046,827

4,492,262 737,511(81,374) (310,604) (1,304,005) 3,533,789 16,259,307 (1,754,271) (5,164,997) $ (6,919,268) $ 1,452,998 (71,203) 87,166 400,000 39,528 (219,123) (122,797) 113,571 1,566,569 (373,476)(2,963) 100,000 119,251279,834 496,121 122,645 3,533,789 1,119,829 156,198(36,773) 5,333 (8,640,324) (7,395,737) (3,861,948) (213,790) (8,483,287) $ (8,697,077)

The variance between Actual and Budget capital expenditures is primarily driven by the timing of projects between years, weather delays and contractor availability.

The Board has a fiduciary responsibility (by law) to do what is best for the Association both now and for the future. Current owners have the responsibility to pay for the depreciation of Association assets, not defer the burden to future owners. Properly maintaining our assets protects owners’ property values

INDEPENDENT AUDITORS’ REPORT

To the Board of Directors

Tahoe Donner Association

OPINION

We have audited the accompanying financial statements of Tahoe Donner Association, which comprise the balance sheet as of December 31, 2024, and the related statements of revenues and expenses and changes in fund balances and cash flows for the year then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Tahoe Donner Association as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

BASIS FOR OPINION

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Tahoe Donner Association and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

RESPONSIBILITIES OF MANAGEMENT FOR THE FINANCIAL STATEMENTS

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Tahoe Donner Association’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from

material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit.

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Tahoe Donner Association’s internal control. Accordingly, no such opinion is expressed.

• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Tahoe Donner Association’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

DISCLAIMER OF OPINION ON REQUIRED SUPPLEMENTARY INFORMATION

Accounting principles generally accepted in the United States of America require that Required Supplementary Information on Future Major Repairs and Replacements on pages 19 and 20 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Financial Accounting Standards Board, which considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

OTHER INFORMATION

The information included on pages 17 and 18 is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the audit procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

SUMMARIZED COMPARATIVE INFORMATION

Information for the year ended December 31, 2023 is presented for comparative purposes only and was extracted from the financial statements presented for that year, on which we expressed an unmodified opinion on our report dated March 15, 2024.

McCLINTOCK ACCOUNTANCY CORPORATION

Tahoe City, California March 20, 2025

Tahoe Donner Association

Balance Sheet

FOR THE YEAR ENDED DECEMBER 31, 2024 (WITH COMPARATIVE TOTALS FOR 2023)

Cash and cash equivalents, unrestricted (Note 3)

Cash and cash equivalents, designated and restricted (Note 3)

Investments, unrestricted (Note 3)

Investments, designated and restricted (Note 3)

Assessments and other member receivables, less allowance for credit losses of $178,621 in 2024 and $88,393 in 2023

Other receivables

Inventory

Prepaid expenses and other assets

Due from (to) other funds

Property and equipment, net (Note 4) Total Assets

LIABILITIES AND FUND BALANCES

from

Liabilities and Fund Balances ASSETS

$ 12,024,611 2,248,308

Fund Balances - Exhibit B

57,157,194 $ 104,981,823 $ 687,386 3,090,339 10,769,038 316,900 14,863,663 90,118,160 $ 104,981,823 $ 6,694,597 1,555,248 1,481,375 34,931,987 44,663,207 225,721 266,433 510,431 1,804,587 -047,145,272 $ 94,615,651 $ 466,596 1,955,961 8,468,043 390,100 11,280,700 83,334,951 $ 94,615,651

31,143,891 45,416,810 112,070 224,238 446,901 1,624,610

Tahoe Donner Association

Statements of Revenue and Expenses and Changes in Fund Balances

FOR THE YEAR ENDED DECEMBER 31, 2024 (WITH COMPARATIVE

TOTALS

FOR 2023)

Revenue

Members' assessments

Downhill ski

Snowplay

The Lodge and Summer F&B

Cross country center

Trout Creek recreation center and aquatics

Marina

Golf course

Alder Creek Cafe

Pizza on the Hill

Tennis

Day Camps

Equestrian

Recreation

Campground

Bikeworks

Trails

Communications

Community standards

Forestry

Workforce housing

Interest income

Late charges, handling, transfer fees, and other fees

Miscellaneous income

Total Revenue

$ 18,817,011 5,092,952 300,094 2,231,365 1,941,853 1,626,667 925,172

Downhill ski (cost of sales of $156,291 in 2024 and $211,348 in 2023)

Snowplay (cost of sales of $4,465 in 2024 and $4,979 in 2023)

The Lodge and Summer F&B (cost of sales of $748,640 in 2024 and $725,248 in 2023)

Cross country center (cost of sales of $151,219 in 2024 and $106,563 in 2023)

Trout Creek recreation center and aquatics (cost of sales of $27,079 in 2024 and $24,482 in 2023)

Marina (cost of sales of $1,857 in 2024 and $64,245 in 2023)

Golf course (cost of sales of $107,511 in 2024 and $91,881 in 2023)

Alder Creek Café (cost of sales of $132,853 in 2024 and $143,353 in 2023)

Pizza on the Hill (cost of sales of $196,497 in 2024 and $147,802 in 2023)

Tennis (cost of sales of $49,312 in 2024 and $26,721 in 2023)

Day Camps

Equestrian (cost of sales of $3,329 in 2024 and $4,117 in 2023)

Recreation (cost of sales of $2,956 in 2024 and $2,451 in 2023)

Campground

Bikeworks (cost of sales of $63,346 in 2024 and $80,817 in 2023)

Trails Communications

Architectural standards

Forestry

Workforce housing

Homeowners' association operating expenses and G&A

Total Operating Expenses

Operating Expenses Fund Expenses

(Gain) Loss on disposal of assets

Depreciation

Income tax provision (Note 5)

Total Expenses

Revenue Over (Under) Expenses

Property Fund Additions, Net (Schedule 2)

Transfer Between Funds Fund Balances (Deficit), Beginning of Year

Fund Balances, End of Year

3,470,441 181,952 3,127,230 1,327,288 1,667,520 726,863 2,055,731 587,990 780,482 588,530 177,641 401,990 258,711 133,804 251,830 360,447 932,764 572,192 1,627,282 563,749 8,009,238 27,803,675 396,346 3,112,164 200,897 31,513,082 6,783,209 -0-083,334,951 $ 90,118,160 $ 16,985,152 5,756,212 253,791 2,351,902 1,775,096 1,645,652 776,645 1,327,569 422,498 540,182 485,055 378,388 169,895 229,777 135,453 223,398 95 292,828 157,538 297,891 -01,806,200 118,807 62,758 36,192,782 4,065,212 184,091 3,187,392 1,234,780 1,713,971 558,240 1,714,628 532,366 669,484 460,734 249,357 368,432 221,933 113,246 252,815 337,208 909,472 509,487 1,882,769 -07,452,880 26,618,497 (32,910) 3,212,178 178,652 29,976,327 6,216,455 -0-077,118,496 $ 83,334,951

Tahoe Donner Association

Statements of Cash Flows

FOR THE YEAR ENDED DECEMBER 31, 2024 (WITH COMPARATIVE TOTALS FOR 2023)

Cash Flows from Operating Activities

Operating Revenue Under Expenses

Replacement Revenue Over Expenses

Non-Operating Funds Revenue Over (Under) Expenses

Revenue Over (Under) Expenses

Transfers between funds

Adjustments to Reconcile Operating/Replacement Revenue

Over (Under) Expenses to Net Cash Provided (Used) by

Operating Activities:

Property fund additions, net

Bad debt expense

Depreciation expense

(Gain)/Loss on disposal of assets

Investment amortization

Changes in:

Assessments receivable

Other receivables

Inventory

Prepaid expenses and other assets

Due to/from other funds

Accounts payable

Accrued liabilities

Deferred revenue

Deposits

Net Cash Provided (Used) by Operating Activities

Cash Flows from Investing Activities

Acquisition of property and equipment

Proceeds from sale of property and equipment

Purchase of investments

Maturity or redemption of investments

Net Cash Provided (Used) by Investing Activities

Net Increase (Decrease) in Cash and Cash Equivalents

and cash equivalents, Beginning of Year

and cash equivalents, End of Year (Note 3)

Cash and cash equivalents, unrestricted

and cash equivalents, designated and restricted Cash and cash equivalents, End of Year (Note 3)

Income taxes paid

Acquisition of equipment financed by trade payables

(3,636,363) (3,636,363)

$ (555,977) 4,770,671 2,568,515 6,783,209 -0-

114,661 3,112,164 396,346 (987,871) (1,010) 42,196 63,530 179,977 -0(1,038,908) 1,134,378 2,300,995 (73,200) 12,026,467 (12,388,586) 127,853 (52,286,916) 58,544,256 (6,003,393) 6,023,074 8,249,845 $ 14,272,919 $ 12,024,611 2,248,308 $ 14,272,919 $ 269,000 $ 1,490,411 $ (342,963) 4,934,308 1,625,109 6,216,454 -0-053,015 3,212,178 (32,910) (1,150,695) (43,513) 215,049 (87,872) (172,130) -0(650,804) (17,411) (15,236) (4,500) 7,521,625 (4,934,285) 39,627 (56,758,442) 52,570,870 (9,082,230) (1,560,605) 9,810,450 $ 8,249,845 $ 6,694,597 1,555,248 $ 8,249,845 $ 76,357 $ 230,712

Notes to the Financial Statements

1

OPERATIONS

Tahoe Donner Association (Association) is a California nonprofit mutual benefit corporation. The Association’s members own the 6,473 membership properties within the Tahoe Donner subdivision in Truckee, California. The Association was organized to provide management services and maintenance of certain common areas owned by the Association. A significant portion of revenue is derived from the assessment of member dues.

The Association operates and maintains facilities, which include a golf course and pro shop, restaurants, downhill ski area, clubhouse, Nordic ski area, beach and marina area, equestrian center, campground, tennis facilities, recreation complex, pools, and parks. Revenues are derived from member and non-member usage of these facilities.

The Association’s Board of Directors is comprised of five members elected to serve three-year terms by a vote of the members. The Board of Directors governs in accordance with the Association’s bylaws and declaration of covenants and restrictions. The Board of Directors establishes members’ dues and user fees, and has the ability to enter into long-term contracts. Along with other actions, closing an Association amenity (as defined by the governing documents) requires a vote of the members.

2

SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION – The Association’s governing documents provide certain guidelines for governing its financial activities. To ensure observance of limitations and restrictions on the use of financial resources, the Association maintains its accounts using fund accounting. Financial resources are classified for accounting and reporting purposes in the following funds established according to their nature and purpose:

OPERATING FUND – Used to account for financial resources available for the general operations of the Association.

REPLACEMENT RESERVE FUND – Used to account for financial resources designated for the repair, restoration, replacement, or maintenance of, or litigation involving repair, restoration, replacement, or maintenance of, major components which the Association is obligated to repair, restore, replace, or maintain and for which the replacement reserve fund was established.

NEW EQUIPMENT FUND – Used to account for financial resources designated for the purchase of new machinery, equipment, furnishings, and fixtures.

DEVELOPMENT FUND – Used to account for financial resources designated for use in the acquisition and enhancement of facilities, equipment, and other resources.

PROPERTY FUND – Used to account for the Association’s investment in its common property and equipment, and other Association real property.

MEMBER ASSESSMENTS AND ALLOWANCE FOR CREDIT LOSSES –Association members are subject to annual assessments to provide funds for the Association’s operating expenses, major repairs and

replacements, development, and purchase of new equipment. Accounts receivable at the balance sheet date primarily represents amounts due from unit owners. The Association’s collection policy includes, among other things, assessing a late charge and interest, filing a lien, and assessing a lien fee on payments not received within the allowable time periods. In certain instances, foreclosure may be necessary.

The Association treats uncollectible assessments as credit losses. Methods, inputs, and assumptions used to evaluate when assessments are considered uncollectible include close monitoring of outstanding assessment balances by management, member payment history of outstanding assessment balances, and susceptibility to factors outside the Association's control. An allowance for credit losses is created when an account’s collectability is uncertain. Accounts are written off when the Association’s management determines that an account is uncollectible due to an event such as bankruptcy or foreclosure proceedings.

Allowance for credit losses as of December 31 was as follows:

Beginning balance

Provision for expected credit loss

Less: write offs

Ending allowance for credit losses $ 158,049 40,623 (110,279) $ 88,393 $ 88,323 127,762 (37,534) $ 178,621 2023 2024

REVENUE RECOGNITION – The Association’s accounting policies with regards to revenue from contracts with customers are discussed in Note 3.

CASH consists of cash on hand, demand deposits at banks and money market funds.

The Association minimizes credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. As of December 31, 2024 and 2023, cash balances exceeded federally insured limits by approximately $10,910,000 and $4,795,000, respectively. The Association has not experienced any losses in such accounts and management believes the Association is not exposed to any significant credit risk related to cash.

INVESTMENTS consist of debt securities and certificates of deposits, which are carried at amortized cost as the Association has the positive intent and ability to hold all debt securities and certificates of deposit until maturity.

INVENTORIES consist of food, beverage and retail goods and are stated at the lower of average cost or market.

PROPERTY AND EQUIPMENT of the Association includes certain facilities and land contributed by the developer in prior years. These assets are reflected in the accounts at the developers’ cost basis. Purchases are stated at cost. The Association capitalizes all expenditures for property and equipment in excess of $2,000. Depreciation is computed using the straight-line method over estimated useful lives of individual assets ranging from 3 to 60 years. These assets are recorded directly in the property fund.

Approximately 3,000 acres of undeveloped non-common area real property owned by the Association is controlled by the Association’s declaration of covenants and restrictions and bylaws.

INTEREST INCOME and the related income tax expense is allocated to the operating, replacement reserve, new machinery and equipment and development funds in proportion to the interest-bearing assets of each fund.

ASSESSMENTS PAID IN ADVANCE AND DEFERRED REVENUE primarily represents funds received for assessments, amenity and newsletter fees received in the current fiscal year, which apply to the subsequent fiscal year.

DEPOSITS FROM MEMBERS held by the Association are primarily security deposits from members for the construction of residential real property. The deposits are used to ensure that construction is completed in accordance with the guidelines established by the Community Standards Office. The funds are deposited in a separate trust account and are refundable upon satisfactory completion of construction.

ADVERTISING COSTS are expensed as incurred. For the year ended December 31, 2024 and 2023 advertising costs total $43,834 and $37,102, respectively.

INCOME TAXES – For California purposes, the Association is taxed as a membership organization. As such, the Association is generally taxed only on non-member income, such as investment earnings, advertising revenue and gains on sales of assets at regular state corporate tax rates. For federal tax purposes, the Association has tax-exempt status as a non-profit organization under Internal Revenue Code 501(c)(4). Unrelated business income earned by the Association, such as advertising revenue, is taxed net of related expenses at regular federal corporate tax rates.

The Association has applied the accounting principles related to the accounting for uncertainty in income taxes and has determined there is no material impact on the financial statements. With some exceptions, the Association is no longer subject to U.S. federal and state income tax examinations by tax authorities for years prior to 2018.

CARRYING AMOUNTS OF FINANCIAL INSTRUMENTS, including cash and cash equivalent, accounts receivable and accounts payable approximate their fair value due to the short-term maturities of these instruments.

USE OF ESTIMATES – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

RECLASSIFICATIONS – Certain reclassifications have been made in the 2023 financial statements to conform to the classifications used in 2024. The reclassifications had no impact on the financial position or results of operations for 2023.

REVENUE RECOGNITION – The Association adopted the provisions of Accounting Standards Codification Topic 606, Revenue from

Notes to the Financial Statements

Contracts with Customers, (“Topic 606” in the Accounting Standards Codification (ASC). Topic 606 superseded the revenue recognition requirements in FASB ASC 972- 605, Real Estate—Common Interest Realty Associations, Revenue Recognition. Under Topic 606, the Association must identify a contract with a customer, among other things, and recognize revenue as the Association satisfies a performance obligation.

As described above, Association members are subject to annual assessments that provide funds for the Association’s operating expenses and major repairs and replacements. Association management has considered Topic 606 and concluded that Association members are not customers as defined in the ASC. As such, all assessment revenue, including amounts allocated to the replacement fund, is recognized in the period in which it is assessed, regardless of when it is collected or expended.

NEW ACCOUNTING PRONOUNCEMENT – In 2023, the Association implemented ASU 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASC 326). This standard replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, including heldto-maturity debt securities, and accounts receivable. Financial assets measured at amortized cost will be presented at the amount expected to be collected, net of an allowance for credit losses. There were no transition adjustments required to be made as a result of implementing the new standard.

REVENUE FROM CONTRACTS WITH CUSTOMERS

REVENUE RECOGNITION

The following provides information about the Association’s composition of revenue recognized from contracts with customers, the performance obligations under those contracts, and the significant judgments made in accounting for those contracts: Downhill Ski, Cross Country and Golf revenue is derived from a wide variety of sources, including, among other things: lift, trail, and course access revenue, which includes sales of lift tickets, trail access, golf course access and pass products; ski school and lesson revenue, which includes the revenue derived from ski school and lesson operations; food and beverage sales; retail sales and equipment rental revenue. Revenue is recognized over time as performance obligations are satisfied as control of the goods or services (e.g. access to ski areas, trails and golf course, provision of ski school and lesson services, etc.) is transferred to the customer, except for the retail sales, rentals and food and beverage operations revenue which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Association records deferred revenue primarily related to the sales of the pass products. Deferred revenue is

Notes to the Financial Statements

recognized throughout the ski and golf seasons as the Association’s performance obligations are satisfied as control of the service (e.g. access to the ski areas throughout the ski season) is transferred to the customer. The transfer of control is based on the number of days that have passed in the season relative to total expected season days. Total expected season days are based on historical data, and the Association believes this estimate provide a faithful depiction of its customers pass product usage.

Trout Creek recreation center and aquatics, Snowplay, Marina and Tennis are accessible via an annual recreation pass or daily access fees. Revenue is derived from recreation pass usage, daily access fees, lessons, classes and trainings, retail sales, equipment rentals and food and beverage sales. Revenue is recognized over time as performance obligations are satisfied as control of the goods or services (e.g. access amenities, provision of lessons, classes, and training services, etc.) is transferred to the customer, except for the retail sales, rentals and food and beverage operations revenue which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer. The Association records deferred revenue primarily related to the sales of the recreation pass. Deferred revenue is recognized throughout recreation pass period as the Association’s performance obligations are satisfied as control of the service (e.g. access to amenities throughout the pass period) is transferred to the customer. The transfer of control is based on an estimated number of pass holder visits relative to total expected visits. The total expected visits are estimated based on historical data, and the Association believes this estimate provides a faithful depiction of its customers’ pass product usage.

Food and beverage revenue (The Lodge and Summer F&B, Alder Creek Café, and Pizza on the Hill) is derived from restaurants and cafes, room rentals and banquets. Revenue is recognized at a point in time when performance obligations are satisfied by transferring controls of the underlying goods to the customer.

Communications revenue is derived primarily from newsletter ad sales. Revenue is recognized over time as performance obligations are satisfied as control of the good (e.g. inclusion of ad in the monthly newsletter) is transferred to the customer. Deferred revenue relates sales of newsletter ad space for multiple monthly publications in advance.

Other revenue sources not previously mentioned provide revenue from a variety of means including other amenity access fees, lessons and camps, retail sales, equipment rentals, special events and concerts, food and beverage sales, architectural fees, and forestry grants revenues. Revenue is recognized over time as performance obligations are satisfied as control of the (e.g. completions of lessons or camps) is transferred to the customer, except for retail sales, equipment rentals and food and beverage sales which are recognized at a point in time when performance obligations are satisfied by transferring control of the underlying goods to the customer.

ARRANGEMENTS WITH MULTIPLE PERFORMANCE OBLIGATIONS

Some of the Association’s contracts with customers include multiple performance obligations, primarily related to bundled services

such as multiple events, camps, class and lesson packages. For such contracts, revenue is allocated to each distinct and separate performance obligation based on its relative standalone selling price. The standalone selling prices are generally based on observable prices charged to customers or estimated based on historical experience and information.

CONTRACT BALANCES

Contract liabilities are recorded primarily as deferred revenues when payments are received or due in advance of the Association’s performance, including amounts which may be refundable. The deferred revenue balance is primarily related to accounts receivable or cash payments recorded in advance of satisfying the Association’s performance obligations related to advance purchase products consisting primarily of recreation passes, ski and golf passes, amenity related lessons and programs. Deferred revenue balances related to contracts was approximately $2,047,000 and $2,288,000 as of December 31, 2024 and 2023, respectively. For the years ended December 31, 2024 and 2023, the Association recognized approximately $2,288,000 and $2,445,000 of contract revenue that was included in the deferred revenue balance as of the previous fiscal year, respectively.

Contract assets are recorded as trade receivables when the right to consideration is unconditional. Trade receivable balances were approximately $-0- as of December 31, 2024 and 2023, respectively. Payments from customers are based on billing terms established in the contracts with customers, which vary by the type of customer, the location and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, contracts require payment before the products are delivered or services are provided to the customer. Impairment losses related to contract assets are recognized through the Association’s allowance for doubtful accounts analysis. Contract asset write-offs are evaluated on an individual basis.

COSTS TO OBTAIN CONTRACTS WITH CUSTOMERS

The Association expects that credit card fees paid in order to obtain season pass products contracts are recoverable. Accordingly, the Association recognizes these amounts as assets when they are paid prior to the start of the pass season. As of December 31, 2024 and 2023, approximately $-0- of costs to obtain contracts with customers were recorded within prepaid expenses and other current assets, respectively.

Utilizing the practical expedient provided for under Topic 606, the Association has elected to expense credit card fees related to nonpass products and services as incurred, as the amortization period is generally one year or less for the time between customer purchase and utilization. These fees are recorded within departmental expenses on the Association’s Statement of Revenue and Expenses and Changes in Fund Balances.

CASH AND INVESTMENTS 3

At December 31, the Association’s cash and investments consisted of undesignated, designated, and restricted accounts as follows:

Replacement Reserve Fund - designated Development Fund - designated New Equipment Fund - designated

Operating Fund - undesignated and unrestricted

Operating Fund - Trust - restricted 457 (b)

Operating Fund - Architectural standards deposits - restricted

TOTAL 2024 TOTAL $ 19,175,178 14,094,502 8,773 12,024,611 27,950 85,796 $ 45,416,810 INVESTMENTS $ 18,099,754 13,044,137

Replacement Reserve Fund - designated Development Fund - designated New Equipment Fund - designated Operating Fund - undesignated and unrestricted Operating Fund - Trust - restricted 457 (b)

Operating Fund - Architectural standards deposits - restricted

$ 31,143,891 CASH $ 1,075,424 1,050,365 8,773 12,024,611 27,950 85,796 $ 14,272,919

TOTAL 2023 TOTAL $ 19,681,060 16,570,418 25,480 8,175,972 24,500 185,777 $ 44,663,207 INVESTMENTS $ 18,367,072 16,564,915 -01,481,375 -0-0$ 36,413,362 CASH $ 1,313,988 5,503 25,480 6,694,597 24,500 185,777 $ 8,249,845

Board designated funds in the replacement reserve fund cannot be expended for any purpose other than the repair, restoration, replacement, or maintenance of, or litigation involving repair, restoration, replacement, or maintenance of, major components which the Association is obligated to repair, restore, replace, or maintain and for which the replacement reserve fund was established as mandated by state law. Designated funds in the development fund are controlled by board-adopted policy that affords the board discretion in expenditure, except where member approval is required in connection with the intended project.

Cash consists of cash on hand, demand deposits at banks and highly liquid money market funds.

Association investments consist of municipal and corporate securities, and governmental securities. Varying types and levels of safety protection cover the various Association investments, including FDIC insurance, SIPC insurance, privately funded bank insurance, and the backing of the US Treasury and its agencies.

Municipal and corporate securities, governmental securities and certificates of deposit are carried at amortized cost as they are classified as held to maturity investments since the Association has the positive intent and ability to hold all securities until maturity.

Notes to the Financial Statements

The amortized cost of held-to-maturity investment at December 31, 2024 and 2023 are securities as follows:

1,585,010 14,497,182 $ 31,143,891

The maturities of the held to maturity securities at December 31, 2024 and 2023 are all within one to five years.

PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

4 5 6

INCOME TAXES

The provision for income taxes for the year ended December 31 is as follows:

REPLACEMENT RESERVE FUND

$ 11,482,174 2,155,867 1,555,053 21,220,268 $ 36,413,362

The Association’s policy is to maintain replacement funding levels sufficient to pay for capital replacements, refurbishments, and repairs. Funds for replacement of common area property and equipment is accounted for through a replacement reserve fund. The funds are designated for major repairs and replacement. When major repairs or replacement occur, the expenditures are charged against the fund balance or, if certain conditions are met, a transfer is made for property and equipment to the property fund and the expenditures are capitalized.

Replacement funding levels, as determined by a study updated in 2024, are forecast on a 30-year basis with annual updates to replacement schedules, as they become known. The percent funded level is to exceed 25% and the replacement reserve fund balance is to equal or exceed 10% of net replacement reserve assets (total property and equipment less land and land improvements). The annual assessment allocation to the replacement reserve fund is determined by the Board of Directors with input from management. Actual expenditures, however, may vary from the estimated amounts and the variations may be material. If additional funds are needed, the Association has the right, subject to any necessary member approval, to increase regular dues, to levy special assessments, or modify and adjust the scheduled major repairs and replacements as necessary.

The Association maintains five funds. Portions of the overall assessment are deposited first to the operating fund and then transferred to the respective reserve funds. All fund expenses are paid first by the operating fund and subsequently paid back by cash transfer. At various times during the year there is a receivable/payable (due to/from) among the funds.

INTERFUND ACTIVITY RETIREMENT PLANS

The Association sponsors a 401(k)-retirement plan for the benefit of Association employees who meet plan eligibility requirements. Under this plan, the Association will contribute a Safe Harbor match of up to 4% to all employees enrolled in the plan. Matching contributions expense was $257,794 and $219,238 for December 31, 2024 and 2023, respectively.

The Association maintains two defined contribution plans which qualify under Section 457(b) and Section 457(f) of the Internal Revenue Code, respectively (the 457 Plans). The 457 Plans allow for additional Association contributions and salary deferrals subject to limitations for eligible executive employees. Contributions to the 457 Plans funds are considered deferred compensation until certain future date conditions are met. The Association’s contribution to the 457 Plans was $-0- and $25,000 for the years ended December 31 2024 and 2023, respectively.

During 2024, the Association entered into contracts for architectural services and construction of The Lodge at Downhill Ski. Total commitments, including change orders were approximately $31,579,000 as of December 31, 2024, of which approximately $21,715,000 remains to be spent on the contracts.

During 2024, the Association entered into a contract for expansion of the marina deck for approximately $846,000, including change orders. As of December 31, 2024, approximately $161,000 remains to be spent on the contract.

During 2024, the Association entered into a contract for the Glacier Way trailhead parking lot for approximately $445,000, including change orders. As of December 31, 2024, approximately $37,000 remains to be spent on the contract.

Subsequent events have been evaluated through March 20, 2025, the date the financial statements were issued.

Chris Rochefort (2023 Photo Contest entry; not part of Independent Auditors’ Report)

Tahoe Donner Association Balance Sheet

FOR THE YEAR ENDED DECEMBER 31, 2024 (WITH COMPARATIVE TOTALS FOR 2023)

REVENUE FUND EXPENSES

Assessments

Access and use fees

Retail sales

Lessons and rental revenue

Late charges, fines and fees

Other revenues

Interest income

Total Revenue

Salaries and wages

Cost of good sold

Payroll taxes and employee benefits

Supplies and maintenance

Utilities

Other employee expenses

Insurance

Income tax

Other expenses

Total Operating Expenses

(Gain) Loss on disposal of assets

Depreciation

Fund expenses

Total Expenses

REVENUE OVER (UNDER) EXPENSES

PROPERTY FUND ADDITIONS, NET TRANSFER BETWEEN FUNDS FUND BALANCES (DEFICIT), BEGINNING OF YEAR FUND BALANCES, END OF YEAR

$ 931,686

172,133 8,609,647 5,100,318 -01,484,134 755,162 159,311 745,439 788,697 26,384 1,037,865 10,097,310 -0-0-010,097,310 $ -07,960,583 4,710,827 3,259,062 -0654,995 -016,585,467 7,631,687 1,724,212 2,123,797 1,347,563 886,742 114,728 990,913 -0834,138 15,653,781 -0-0-015,653,781 TOTAL OPERATING FUND HOMEOWNERS’ ASSOCIATION AMENITIES OPERATIONS $ (555,977) -0(500,000) 2,515,860 $ 1,459,883 $ (1,487,663) -0-

OPERATING EXPENSES $ 7,676,978 7,960,583 4,710,827 3,278,152 357,835 1,038,606 172,133 25,195,114 12,732,005 1,724,212 3,607,931 2,102,725 1,046,054 860,167 1,779,610 26,384 1,872,003 25,751,091 -0-0-025,751,091 $ 7,676,978

$ 18,817,011 7,960,583 4,710,827 3,278,152 357,835 1,157,594 2,014,289 38,296,291 12,732,005 1,724,212 3,607,931 2,102,725 1,046,054 860,167 1,779,610 200,897 1,968,003 26,021,604 396,346 3,112,164 1,982,968 31,513,082

16,259,307 $ 12,397,359 $ (3,636,363) 13,648,285 -047,145,272 $ 57,157,194 $ 6,783,209 -0-083,334,951 $ 90,118,160 $ 122,497 (99,852) 100,000 (113,972) $ 8,673 $ 4,770,671 (3,604,104) 400,000 17,528,484 $ 19,095,051

$ 6,216,455 -0-077,118,496 $ 83,334,951 $ 16,985,152 7,767,814 4,684,461 3,293,385 306,639 1,349,131 1,806,200 36,192,782 12,229,911 1,630,007 3,255,845 2,374,404 1,139,205 810,685 1,598,809 178,562 1,810,859 25,028,288 (32,910) 3,212,178 1,768,771 29,976,327

Tahoe Donner Association

Schedule of Capital Funds’ Expenditures by Department

FOR THE YEAR ENDED DECEMBER 31, 2024 (WITH COMPARATIVE TOTALS FOR 2023)

Trout Creek Recreation Center

Beach Club Marina

Tennis + Pickleball Center

Northwoods Pool / Aquatics

Camps + Recreation Programs

Alder

Required Supplementary Information on Future Major Repairs and Replacements

DECEMBER 31, 2024 (UNAUDITED)

It is the policy of the Association to fund a reserve program that will adequately provide for repair and replacement of existing Associationowned assets. A 30-year reserve funding and expenditure plan is produced every three years, and updated annually, to schedule and analyze the funding needs. The Association and a consultant updated the study in 2024 to estimate the remaining useful lives, the lives after replacement, and the replacement costs of the components of common property. The estimates were based on estimates from management, contractors, and historical costs. Estimated current replacement costs have been adjusted to reflect a 3% inflation factor, 3% investment interest rate, and an 8% tax provision on investment income.

The Association does not designate the balance of the replacement fund by component. The total available for major repairs and replacements as of December 31, 2024 is $19,095,050. The 2025 budget includes $6,084,606 of dues allocated to the replacement fund.

The Association has not included the replacement of building structures as a component of the replacement study. These structures generally have an original useful life greater than 30 years.

The following table is based on the study and presents significant information about the components of common property.

RESERVE COMPONENT

Administration

Alder Creek Cafe

Bikeworks

Campground

Capital Projects

Chalet House

Cross Country Ski Center

Cross Country Ski Center –Snowmaking

Equestrian Center

Food Trailer

Forestry

General Maintenance

Golf Complex

Golf Complex – Cart Storage

Golf Course

Golf Course – Lodge Golf

Information Technology

Maintenance

Marina

Northwoods Pool Building

Northwoods Clubhouse

Pizza on the Hill

Recreation

Downhill Ski Resort –

Mountain Operations

Downhill Ski Resort –

Mountain Operations –All

RESERVE COMPONENT

Downhill Ski Resort –Mountain Operations –Lift Maintenance

Downhill Ski Resort –Mountain Operations –Rental + Retail

Downhill Ski Resort –Mountain Operations –Snowmaking

Downhill Ski Resort –Mountain Operations –Top Shop

Downhill Ski Resort –Mountain Operations –Winter Food + Beverage

Downhill Ski Resort –Mountain Operations –Parking Snowplay

Tennis Complex

Tennis Complex – Access Road

The Lodge Restaurant & Pub Trails

Trout Creek Recreation Center –Building

Trout Creek Recreation Center –Building – Basketball Area

Trout Creek Recreation Center –Parking

Trout Creek Recreation Center –Pool and Spa

TOTAL

4,137,712 1,125,97 1,058,542 270,874 702,601 45,000 145,270 2,436,053 67,250 4,642,428 4,626,661 2,662,725 10,000 146,780 1,941,575 $ 74,100,410

ANNUAL BUDGET – SOURCE OF FUNDS

– SOURCE

Annual Budget – Source of Funds

– USE OF FUNDS

BUDGET – USE OF FUNDS

Budget – Use of Funds

TAHOE DONNER GIVING FUND AWARDS

$10,000 GRANT TO FRIENDS OF THE TRUCKEE LIBRARY

“A Friend in Need is a Friend Indeed” is a well-known English proverb that emphasizes the value of true friendship. Widely used since at least the 11th century, this sentiment remains true today.

A recent example is the announcement of Tahoe Donner Giving Fund’s $10,000 grant to support Friends of the Truckee Library (FOTL). The grant was funded through donations to the Giving Fund’s 2024 fundraising campaigns. It will contribute significantly to the development of the new Truckee Regional Library.

April Cole, Executive Director of the FOTL, states, “We appreciate Tahoe Donner not only for the generous grant but also because many of our FOTL volunteers are Tahoe Donner residents. I find that so many Tahoe Donner members show up for the community. It’s both refreshing and impactful.”

The existing library was built in 1975 to meet the needs of a community of just 2,000. Truckee’s population has grown to 20,000, with more than 15,000 residents holding library cards. The town needs a larger, more versatile space to offer an array of programs and a building that provides increased functionality.

The new Truckee Regional Library is designed to cover a sprawling 20,000 square feet and promises to be a knowledge and community engagement hub. Located in the Truckee Regional Park, near the

popular farmers market site, the library’s design is both modern and inviting. It will feature dedicated areas for children, teens and adults and will be equipped with the latest technology and resources to support learning and creativity. A new-to-the-community Emergency Response Center will provide a physical space for real-time information and backup power supplies during emergencies such as wildfires.

The groundbreaking is targeted for 2027 and is dependent on meeting fundraising goals. A multi-stream approach to raising the necessary funds includes the FOTL, the Town of Truckee, Nevada and Placer counties, grants, bonds and in-kind support so that the full financial responsibility is not on just one source.

Community engagement has been the cornerstone of the Friends of the Truckee Library’s efforts to raise funds and create an inviting space. The commitment to inclusivity and accessibility is reflected in the meticulous planning and thoughtful design of the new library. This facility will not only serve as a traditional library but also as a community center that caters to the diverse interests of Truckee residents.

According to Cole, a main obstacle in rallying support and raising money is the perception that libraries are antiquated and possibly obsolete. “This couldn’t be further from the truth,” she states. “Libraries are gathering spaces for people to connect, communicate and offer so much more than the important function of lending books. Our library tailors to the personality of Truckee by lending snowshoes, bird-watching backpacks, board games, music and movies.”

As the Truckee Regional Library project moves forward, the Friends of the Truckee Library will continue to engage with the community, ensuring the new facility meets the highest standards of functionality and design.

For more information about Friends of the Truckee Library, visit truckeefol.org. For more information about the Tahoe Donner Giving Fund, visit tahoedonner.com/giving-fund

The Tahoe Donner Giving Fund is administered as an affiliate fund of the Tahoe Truckee Community Foundation, a 501(c)(3) nonprofit organization, EIN 68-0416404. All contributions are voluntary, irrevocable, and are tax-deductible to the extent allowed by law. Tahoe Donner Giving Fund grants and scholarships are made through the Tahoe Truckee Community Foundation’s annual review process. The Tahoe Donner Giving Fund Committee is chartered by the Tahoe Donner Board of Directors to carry out the mission of the Tahoe Donner Giving Fund: to inspire generosity and charitable giving among Tahoe Donner members in order to support deserving programs and youth in the greater Truckee community. The Tahoe Donner Giving Fund Committee thanks our founding partner, Elements Mountain Company, who has supported the Tahoe Donner Giving Fund since its inception in 2014, and the anonymous Tahoe Donner member who has generously funded the IMPACT Scholarships each year since 2019.

The Hormonal Shift: Understanding Weight Gain After 40

Once you hit your 40s, something seems to shift. The jeans that used to fit perfectly are suddenly tight. Your workouts don’t seem to burn fat like they used to. And that belly? It seems to appear out of nowhere. If this sounds familiar, you’re not alone. For both men and women, the years after 40 bring real changes to the body—and much of it has to do with hormones.

Let’s explore what’s happening beneath the surface and why your metabolism, muscle mass and waistline may not be following the same rules anymore.

The Hormonal Domino Effect

Hormones are your body’s internal communication system. They regulate metabolism, appetite, fat storage and muscle growth. After age 40, this system shifts, affecting men and women differently. For women, perimenopause and menopause mark a significant drop in estrogen levels. This hormonal change alters how the body stores fat, shifting from fat storage in the hips and thighs to the belly. This isn’t just about how your clothes fit. Belly fat is linked to insulin resistance, cardiovascular disease and unhealthy cholesterol levels. In short, hormonal shifts make it easier to gain weight and more harmful when you do.

Estrogen also influences how many calories you burn. When levels decline, your basal metabolic rate, the calories you burn at rest, decreases. So, even if your diet and exercise levels stay the same, weight gain becomes more likely unless you adapt your lifestyle. In addition, women often experience a relative rise in androgens, like testosterone, which further promotes abdominal fat. It’s a frustrating combination: slower metabolism, shifting fat storage and an increased risk of metabolic disease.

Men Aren’t Off the Hook

While men don’t go through menopause, they do experience andropause, a gradual decline in testosterone. This hormone is key in maintaining muscle mass, bone density and metabolic health. As levels decrease, men may notice more body fat, reduced muscle and lower energy levels.

Just like in women, less muscle means a slower metabolism, which can lead to weight gain. Men, too, are more likely to accumulate visceral fat, the type that surrounds internal organs and increases the risk of insulin resistance and heart disease.

The Role of Hormone Therapy

For women, hormone therapy has been shown to help mitigate body composition changes linked to estrogen loss, helping to reduce the shift toward abdominal fat.

However, hormone therapy is not recommended solely to treat weight gain or central obesity. It can be beneficial when prescribed as part of a broader health strategy for other hormone imbalancerelated symptoms.

For men, testosterone replacement therapy may be used in cases of clinically low testosterone, but it’s not a go-to weight-loss solution. It carries its own risks and should always be supervised by a healthcare professional.

What You Can Do About It

Here’s the good news: you’re not powerless against the hormonal tide. With the right lifestyle shifts, you can feel stronger, healthier and energized even as you age.

1. Strength Training is Non-Negotiable

Muscle loss with age slows your metabolism. Resistance training helps preserve muscle, burn fat and improve insulin sensitivity. Aim for three sessions per week. Do three sets per exercise and lift enough weight to fatigue your muscles by the end of each set.

2. Prioritize Fiber

Aim for 25-30 grams of fiber intake per day. Fiber supports healthy digestion, blood sugar balance and body composition. It also helps you feel full longer, aiding in weight control.

3. Consume Protein – But Don’t Overdo It

Focus on fiber-rich protein sources such as legumes, soy, nuts, seeds, whole grains and vegetables. Certain vegetables like peas and broccoli are good sources of both protein and fiber. Avoid protein powders to prevent excessive protein intake, which can stress the kidneys. Instead, choose whole foods that offer a better nutrient profile to support muscle health. The recommended protein intake ranges based on age and activity level.

4. Sleep Smarter

Lack of sleep disrupts hormone balance. Poor sleep raises cortisol, increases appetite and makes fat loss more difficult. Aim for 7-9 hours per night.

5. Balance Cardio with Strength

Cardio supports heart health and burns calories, but too much can lead to muscle breakdown. Combine cardio with strength training for the best results.

6. Manage Stress

Chronic stress raises cortisol, which promotes belly fat. Try meditation, yoga, and regular walks in nature to help manage your stress levels and support overall health.

7. Follow up with a Health Care Provider

If you’re over 40 and struggling with unexplained weight gain, fatigue or mood changes, consult a healthcare provider who takes a holistic view of hormonal health. They can help identify imbalances and guide your treatment plan.

Final Thoughts: Redefining Health After 40

Yes, your body changes after 40—but that doesn’t mean you’re stuck with weight gain or low energy. Understanding how hormones influence metabolism gives you the power to take control.

A smart, personalized plan that includes movement, nutrition, sleep, stress management and medical evaluation can help you stay lean, strong and vibrant in your 40s and beyond.

After all, midlife isn't the end—it's a new, fresh chapter. And with the right tools, it could be your healthiest one yet.

Trout Creek Hormone Balance Class Offering

Interested in learning more? Dr. Soraya Pourtabib is offering a free class on hormone balance for Tahoe Donner members at Trout Creek Rec Center on May 29 from 5:30-6:30PM. This one-hour class will explore the key hormones that impact energy, mood, metabolism and weight. Learn more at tahoedonner.com/events

About the Author

Dr. Michelle Soraya Pourtabib, M.D., has been a Tahoe Donner member since 2022, and you'll often find her at Trout Creek Rec Center, the Beach Club Marina or out enjoying the trails. She is a double board-certified family and obesity medicine physician and IFM-certified functional medicine practitioner in private practice serving children and adults in California and Nevada. More information is available at sorayamd.com.

LET US CARE FOR YOUR HOME SO YOU

Reliable local contact for your short term rental

Available 24/7, 365 days, Avoid fines

Professional full service caretaking for your home

Project Management â–Ş Contractors â–Ş House Cleaners

Roadmap to the Election TWO POSITIONS OPEN

There are two positions open for the 2025 Board of Directors Elections. Being involved in your homeowner’s association election means you have a proactive role in who makes up your board of directors, and thus the decisions made on your behalf by the board. Remember, your vote is your choice!

May 1

May 7

May 22 5PM

Director Election Statements and links to election-related personal websites for candidates and verified Member Advocates will be available at tahoedonner.com/boardelections

Deadline for members to update their contact information at tahoedonner. com/member-portal

Submit your topics for the candidates to address at the June 3 Director Election Forum by 5PM.

What topics would you like to see addressed this year? Submit all topics to tahoedonner.com/submit-topics

Ballot Mailing via USPS

All ballot return envelopes are pre-addressed and delivered directly to the third-party accountancy firm in Reno, Nevada via the United States Postal Service.

Be sure to sign the return envelope before mailing your ballot. To learn more, explore the frequently asked questions at tahoedonner.com/boardelections

Campaign Spending

May 27

June 3

6-8PM

June 24

June 27

9AM-5PM

Voting packets mailed to all members – one ballot per property. Please work with your co-owners to cast your ballot. Ballots are sent to the same address that the Annual Assessment goes to. Visit tahoedonner.com/boardelections to find FAQs on receiving, completing and returning ballots.

DIRECTOR ELECTION FORUM

Online via Zoom

The candidates will speak on topics sent in by members and the forum will be moderated by the Inspector of Elections.

A locked ballot box will be placed in Member Services at Northwoods Clubhouse on June 24 until 10AM on June 29.

ELECTION BALLOT MEETING + REGULAR BOARD MEETING

Northwoods Clubhouse and Online via Zoom

On-site voting and replacement ballots are available until 5PM. The Inspector of Elections will oversee ballot counting by the Accountancy firm if a quorum has been met. The deadline for receipt of mailed or hand delivered ballots to the Accountancy firm in Reno, Nevada is 5PM.

Tahoe Donner campaign guidelines encourage candidates to conduct an economical campaign that employs cost-effective outreach techniques. To support this objective, the association provides Directors Elections Statements and links to personal websites and email addresses if provided by the candidates.

June 29

Meeting

10AM-12PM

Voting 10-11:30AM

CONCLUSION OF ELECTION AT ANNUAL MEETING OF MEMBERS

Northwoods Clubhouse and Online via Zoom

Personally delivered ballots will be accepted on-site until 11:30AM. Election results are announced by the Inspector of Election prior to the conclusion of the meeting if the 25% quorum has been met. If not, the meeting is adjourned to the following day to conclude the election with a 15% quorum.

Opt Out of Email Sharing

California Senate Bill 323 (SB 323) allows any Tahoe Donner member to request the official Tahoe Donner membership list, including email addresses. If you would like to opt out of sharing your contact information with members, please visit tahoedonner.com/sb323

Please note: Some members may have received your email address prior to when you opted out. You can remove yourself from those members’ lists by clicking the unsubscribe link contained in their emails.

THOSE OPTING OUT WILL STILL RECEIVE REGULAR INFORMATIONAL CONTACT FROM THE TAHOE DONNER ASSOCIATION.

FOR ELECTION INFORMATION,

Business Directory

Architecture

Eisenmann Architecture

930 Tahoe Blvd., Suite 802 #822, Incline Village, NV 89451 (775) 525-3466

stacy@eisenmannarchitecture.com eisenmannarchitecture.com

Defensible Space / Landscaping / Tree Service

Alpen Tree Experts

10221 Schaffer Drive, Truckee, CA 96161 (530) 448-1194

alpentree@gmail.com alpentree.com

Elements Mountain Co.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300

info@elementsmtn.co elementsmtn.co

Estate Landscape & Tree Services

(Formerly Timberwolfe) (530) 386-3340

sales@estatetreeservices.com timberwolfetreeservice.com estatelandscape.com

Hall Tree

PO Box 3374, Truckee, CA 96160 (530) 320-8061

halltree@gmail.com halltreecompany.com

Lockwood Lightscapes

PO Box 1773, Truckee, CA 96160 (530) 559-8005

lockwoodlightscapes@gmail.com lockwoodlightscapes.com

Northwoods Tree & Land PO Box 8153, Truckee, CA 96162 (530) 401-2619

northwoodstreeandland@gmail.com northwoodstreeandland.com

Peak Landscape Inc. PO Box 575, Truckee, CA 96160 (530) 587-4269 info@peaklandscapeinc.com peaklandscapeinc.com

Peregrine Defensible Space

PO Box 734, Tahoe City, CA 96145 (949) 973-0052

peregrinedefensiblespace@gmail.com peregrinedefensiblespace.com

Sherwood Tree Service (530) 214-0624

sherwoodtreeinc@gmail.com sherwoodtreeinc.com

Driveway Sealing

Elements Mountain Co.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300

info@elementsmtn.co elementsmtn.co

Fireplaces / Wood Stoves

Mountain Home Center

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262

info@mountainhomecenter.com mountainhomecenter.com

Flooring

Bassett Flooring

10800 Pioneer Trail #3, Truckee, CA 96161 (530) 582-7428

truckee.abbeycarpet.com

Donner Tahoe Flooring

12710 Northwoods Blvd., Ste. 1, Truckee, CA 96161 (530) 386-6635

donnertahoeflooring@gmail.com donnertahoeflooring.com

Health Care

Tahoe Forest Hospital 10121 Pine Avenue, Truckee, CA 96161 (530) 587-6011 tfhd.com

Home + Outdoor

Furnishings

Mountain Home Center

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262 info@mountainhomecenter.com mountainhomecenter.com

Home Improvement + Services

BHB Remodeling, Inc.

10050 Bridge Street #1325, Truckee, CA 96160 (530) 386-1807

bhbremodeling@gmail.com bhbremodelinginc.com

Big Mountain Heating & Air (530) 206-3270 info@bigmountainair.com bigmountainair.com

East Fork Roofing 1513 Greg Street, Sparks, NV 89431 (775) 800-7663 (ROOF) office@eastforkroofing.com eastforkroofing.com

Mr. Honey-Do PO Box 5247, Tahoe City, CA 96145 (530) 581-4031, (775) 548-4031 info@mrhoneydo.biz mrhoneydo.biz

Tahoe Mold and Water 8414 Speckled Avenue, Kings Beach, CA 96143 (530) 583-6653 info@tahoemoldandwater.com tahoemoldandwater.com

True Green Roofing Solutions

316 California Avenue #705, Reno, NV 89509 (775) 225-1590 info@truegreenroofing.com truegreenroofing.com

House Cleaning Services

West Lake Tahoe Cleaning (530) 240-6004

josh@westlaketahoecleaning.com westlaketahoecleaning.com

HVAC

Big Mountain Heating & Air (530) 206-3270 info@bigmountainair.com bigmountainair.com

M+S Heating + Air (775) 843-7930 kentj@ms-ac.com debbiec@ms-ac.com ms-ac.com

Legal

Law Doc

40165 Truckee Airport Road, Ste. 301-C, Truckee, CA 96161 (530) 510-8112

fertitta@law-doc.com law-doc.com

Painting Services

Deden Painting

11392 Oslo Drive, Truckee, CA 96161 (530) 587-7525, (678) 665-5497

elliot@dedenpainting.com dedenpainting.com

Elements Mountain Co.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300

info@elementsmtn.co elementsmtn.co

Sierra Precision Painting PO Box 11107, Truckee, CA 96162 (530) 550-7938

sierraprecisionpainting@gmail.com sierraprecisionpainting.com

Property Management

ManageHome

12177 Business Park Drive, Ste. 2-125, Truckee, CA 96161 (844) 431-4663 (HOME), (530) 500-2777 meghan@managehome.net managehome.net

Second Home Care Inc.

17400 Northwoods Blvd., Ste. 3, Truckee, CA 96161 (530) 582-0220 shc@secondhomecare.com secondhomecare.com

Real Estate

Alison Elder – Elder Group Tahoe

Real Estate – Chase International Real Estate

10770 Donner Pass Road, Ste. 205, Truckee, CA 96161 (530) 582-8103

info@eldergrouptahoe.com eldergrouptahoerealestate.com

Dickson Realty, Truckee

11836 Donner Pass Road, Truckee, CA 96161 (530) 587-7444

info@dicksonrealty.com dicksonrealty.com

The Sharp Team/Compass 11425 Donner Pass Road #12B, Truckee, CA 96161 (530) 587-8574

info@janiesharp.com thesharpteam.com

Truckee & Lake Tahoe Real Estate – Coldwell Banker

Residential Brokerage

17400 Northwoods Blvd., Truckee, CA 96161 (530) 446-2256

team@truckee-tahoe.com tahoe-truckeerealestate.com

Snow Removal

East Fork Roofing

1513 Greg Street, Sparks, NV 89431 (775) 800-7663 (ROOF) office@eastforkroofing.com eastforkroofing.com

Elements Mountain Co.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300

info@elementsmtn.co elementsmtn.co

Spas

/ Patio Furniture

Mountain Home Center

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262

info@mountainhomecenter.com mountainhomecenter.com

Tahoe Boat Services

Homewood High & Dry Marina

5190 West Lake Blvd., Homewood, CA 96141 (530) 525-5966

office@homewoodmarina.net homewoodmarina.net

DEFENSIBLE SPACE

Protecting Our Evacuation Routes: Fuel Reduction Efforts in Progress

Wildfire preparedness remains a top priority in Tahoe Donner. You may have noticed recently trees marked with blue along roadways. These markings indicate planned fuel reduction work designed to enhance safety along designated evacuation routes. Vegetation within 10 feet of the road edge (within the Town of Truckee’s right of way) will be cleared. In Tahoe Donner’s Common Areas, along these routes, vegetation will be selectively reduced up to 23 feet from the pavement.

This work includes thinning closely spaced trees and limbing to prevent ground fires from reaching tree canopies. The project, funded by Town of Truckee homeowner tax assessments (TSSA-1 funds), is a proactive step in reducing wildfire risk and improving emergency access for the community. To view the execution route map and learn more, visit tahoedonner.com/land-forestry.

EMPLOYMENT

Join the Team! Stop by the Tahoe Donner Summer Hiring Fair on May 3

Discover rewarding job opportunities and join a team of like-minded outdoor enthusiasts, with additional perks and benefits like food and retail discounts, golf discounts and free access to private amenities like Trout Creek Rec Center, Beach Club Marina and more.

Visit Pizza on the Hill on Saturday, May 3, from 10AM to 2PM to meet hiring managers, learn more about open positions and meet other Tahoe Donner team members. For more information, visit tahoedonner.com/jobs

SPECIAL EVENTS

Town of Truckee

Community Wildfire Forum

Wednesday, May 21 | 5:30-7:30PM at Northwoods Clubhouse or via Zoom

Join this informative community forum on wildfire preparedness for all Truckee

residents. It will feature expert panel presentations and discussions, followed by a Q+A. The panel will include representatives from the fire service, law enforcement, office of emergency services, public utilities and private forestry. To learn more, visit TownofTruckee.com/ready

SPECIAL

EVENTS

Wildfire Preparedness Member Happy Hour

Friday, May 23 | 4-6PM at Pizza on the Hill

Wildfire preparedness starts with awareness –and we’re here to help. Join Tahoe Donner’s Land Management, Forestry and Defensible Space teams for a relaxed happy hour at Pizza on the Hill, where members can enjoy complimentary appetizers, happy hour pricing and a brief discussion on wildfire preparedness in Tahoe Donner.

Staff will be available throughout the evening to answer your individual questions, share resources and provide helpful handouts on defensible space requirements and evacuation planning. This is a great opportunity to learn what steps you can take to protect your home and community. Visit tahoedonner.com/events to learn more.

ASSOCIATION UPDATE

Reminder: Trespassing on Tahoe Donner Golf Course is Strictly Prohibited

Access to Tahoe Donner Golf Course is only permitted by paid golfers with a reservation during the golf season. For safety purposes, please report any unlawful trespassing immediately to local law enforcement and Tahoe Donner. For more information, please visit tahoedonner.com/golf

AMENITY ACCESS UPDATE

Make Sure Your Member Account is Up to Date Ahead of Summer Amenities’ Openings

Recent updates to the Amenity Access Rule adopted on Oct. 10, 2024, may impact your access to private amenities and other

member-exclusive benefits this summer season. Take steps now to ensure a seamless and enjoyable experience.

1. Log in to your ShopTD account and review “My Group” for member and personal guest details.

2. Check that all Member ID Cards for your family or qualifying household members are active. Changes to member accounts, including adding new members or activating additional Member ID Cards, can be made at any time online at tahoedonner.com/amenity-access Documentation verifying a qualifying familial or household relationship is required.

3. Add personal guests to your ShopTD account to grant them private amenity access ahead of time and/or without accompaniment by a member.

Visit tahoedonner.com/amenity-access to learn more about Tahoe Donner’s Amenity Access Rule.

LOCAL NEWS

Truckee Certified Farmer’s Market Returns May 14-Oct. 15

The Truckee Farmer’s Market returns to Truckee Regional Park every Tuesday morning from 8AM-1PM. Featuring fresh and locally grown or sourced produce, meat and more, enjoy this seasonal community favorite every week with friends and family.

When: Tuesdays beginning May 14 | 8AM-1PM

Location: Truckee Regional Park 10500 Brockway Road, Truckee, CA 96161

LOCAL NEWS

Solid Ground Pro Athlete Conference May 1-4 at Sugar Bowl Resort

Solid Ground Pro at Sugar Bowl is an exciting new event created to inspire and empower the next generation of ski and snowboard athletes. Set against the stunning backdrop of Donner Summit, this multi-day gathering combines networking, personal growth, and a celebration of athletic achievement. Visit sugarbowl.com/events for more information.

Board Meeting Recaps

Special Board of Directors Meeting: Election and Voting Rules Update

March 13, 2025

Electronic Voting – Elections Committee Report

The board accepted the 2025 Electronic Voting Report as presented. The board also added the following task to the Elections Committee’s 2025 task list:

Periodically monitor applicable electronic voting law and electronic voting systems and report to the board any developments materially altering the substance and conclusions of the Election Committee’s 2025 Electronic Voting Report and/or the Electronic Voting Staff Report dated March 3, 2025. Both motions passed 5-0.

Proposed Election and Voting Rule Change

The board approved the proposed Election and Voting Rules as presented. Motion passed 5-0.

Special Board of Directors Meeting: 2024 Audit Report

March 24, 2025

2024 Audit Report

The board received a presentation on the draft 2024 Auditor’s Report.

Regular Board of Directors Meeting

March 28, 2025

Consent Calendar

The board approved the consent calendar items as presented. Motion passed 5-0.

Committee Reports

The board received these items as information.

Truckee Special Service Area-1 Funds (TSSA-1)

The board received a presentation from Town of Truckee staff on the TSSA-1 funds and planned 2024/25 capital improvement projects. They provided feedback to staff on

messaging for the Town Council regarding the use of these funds.

USFS/TDA Master Shared Stewardship Agreement: Federal Funding and Staffing Affects

The board received a presentation on the Master Shared Stewardship Agreement.

2024 Audit Report

The board accepted the 2024 Audit Report as presented. Motion passed 4-0 (Director Roth absent).

Treasurer Report Q4 2024

The board received an update from the Treasurer on the 2024 Q4 finances.

General Policy for Chartered Clubs

Establishment and Operational Procedures

The board received a presentation on the proposed framework and process to develop a general policy for Tahoe Donner chartered clubs.

Management Update

The board received a presentation on the 2024 Land Management Division accomplishments.

Board of Director Reports and Future Business

Director Koenes reported that he joined staff at the Northern California Chapter of Community Associations Institute (CAI) monthly meeting. The topic of the discussion was aging infrastructure. Director Koenes updated the board on several HOA-related proposed legislative changes.

Director Gauny reported that she toured the new Downhill Ski Lodge construction site.

Go to tahoedonner.com/boardmeetingdocs to see presentations and video recordings of past meetings. To provide feedback to help improve the overall association, please submit your comments and concerns at tahoedonner.com/feedback

Upcoming Board Meetings

Tuesday, May 13, 2025 – Special Board Meeting

Friday, May 23, 2025 – Regular Meeting

Friday, June 27, 2025 – Regular Meeting + Election Ballot Meeting

Sunday, June 29, 2025 – Annual Meeting of Members + Member Picnic Board meeting dates subject to change. Visit tahoedonner.com/board-meetings for details.

Upcoming Committee Meetings

Tuesday, May 6, 2025 – Elections

Wednesday, May 7, 2025 –Trails + Open Space

Thursday, May 8, 2025 –Long-Range Planning

Tuesday, May 13, 2025 – Giving Fund

Wednesday, May 14, 2025 –Architectural Standards

Thursday, May 15, 2025 – Finance

Thursday, May 22, 2025 – Covenants

Wednesday, May 28, 2025 –Architectural Standards

Tuesday, June 3, 2025 – Elections

Wednesday, June 4, 2025 –Trails + Open Space

To get meeting details, including Zoom meeting registration information and time, please send an email to executiveassistant@tahoedonner.com

ASSOCIATION COMMITTEE CHAIRS

Architectural Standards | Rod Whitten cso@tahoedonner.com

Covenants | Jim McNamara compliance@tahoedonner.com

Elections | Steve Meyers electionscommittee@tahoedonner.com

Finance | Joe Niedringhaus financecommittee@tahoedonner.com

Giving Fund | Toni Moore tdgf@tahoedonner.com

Long-Range Planning | Jerry Meek lrpc@tahoedonner.com

Trails + Open Space | Peter Sawyer tos@tahoedonner.com

Homes on the Rise

The Architectural Standards Committee reviewed the following plan in March 2025.

Covenants Violation Hearings

The Covenants Committee did not hold any violation hearings in March 2025.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.