Table of Contents
04
Chief Financial Officer Letter
17
Expenses & Retirement Saving Plan (401k)
07
Financial Highlights
19
Design Awards 2021
09
Firm Leadership
22
2021 Awards and Recognitions
12
Employee Statistics
24
Project Substantial Completion & 2021 Groundbreakings
15
Top 10 Clients By Revenues In 2021
Chief Financial Officer Letter
Dear Shareholders, Let's celebrate 2021 and the resiliency of our schools, clients, country, and VLK. Despite the postponement of many bond elections in 2020 due to the COVID-19 pandemic, our revenue was $63M, down a modest 3%. A testament and result of the commitment of all VLK employees to push forward. In 2021, we delivered six new high schools. An enormous achievement and a first for the company in 37 years. We broke ground on our new Fort Worth headquarters. In addition, we expanded into the San Antonio area with the opening of a new office and hiring of a new Principal. VLK now has presence in all of the top 5 most populated cities in Texas. It's with deepest gratitude VLK wishes Leesa Vardeman, former owner, a very happy retirement. We are grateful for her leadership, mentorship, and friendship over the past 36 years. Leesa you will be missed! Linsy Grozdanich
4
VLK Architects
63M
GROSS REVENUE
4.2B
CONSTRUCTION VALUE
3% STAFF GROWTH
Total construction value of the 274 projects worked on in 2021
Annual Report 2021
5
Section
6 Architects, Inc. Birdville ISD Cheney VLK Hills Elementary School,
Financial Highlights AT YEAR END DECEMBER 31 Gross Revenue
2019
2020
2021
$53.3 M
$65.0 M
$63.4 M
Annual Report 2021
7
Hiley Mazda, Fort Worth
Grubbs Acura, Grapevine Texas
6
EXECUTIVE LEADERSHIP
16
PRINCIPALS
11
SENIOR ASSOCIATES
10
ASSOCIATES
Annual Report 2021
9
EXECUTIVE LEADERSHIP PRINCIPALS
Sloan Harris CEO | Partner
Todd Lien Managing Partner
Linsy Grozdanich Chief Financial Officer
Justin Hiles Chief Operations Officer
Ken Hutchens Chief Creative Officer
Dalane Bouillion, Ed.D. * Chief Development Officer
Gopinath Akalkotkar *
Jonathan Aldis
Michael Antenora
Rayce Boyter
Lauren Brown
Monika Castillo
Melissa Fleming
Richard Jaynes
John Klein
Tim Kunz
Christopher Laack
Scott Milder
Principals
Principals
Jim Stephenson
Leesa Vardeman
Ross Rivers
Clinton Schiver
SENIOR ASSOCIATES
Lloyd Condon *
Chad Davis
Richard Hunt
Charles Johnson
ASSOCIATES
John Novak *
* New in 2021
Rudy Starks *
Brad Ewing *
Tracy Loftin
Todd Hanger
Mike Mabry
Jim Wallace *
Jamie Barnes
Kent Leach *
Sarah Gardner
Ken Loose
Alex Nelson *
Amy Routh *
Marissa Tang *
Jennifer Workman
Barry Lemons
Don Steer
Annual Report 2021
11
41.3 AVERAGE AGE
VLK EMPLOYEES
STAFF CHANGE OVER 2020
3% 74 REGISTERED ARCHITECTS & INTERIOR DESIGNERS
98
MARKETING & BUSINESS DEVELOPMENT PERSONNEL
12
VLK Architects
43
%
FEMALE
DEPARTURES
57
%
MALE
39%
Registered Architects & Interior Designers
NEW ARCHITECTS IN 2021! Gabriella Bermea Chris Kepner Golnaz Keshavarzi
Liliana Solache Cameron Spencer
Rawa Rassam
09 SUPPORT PERSONNEL
NEW HIRES
30
NEW INTERIOR DESIGNER IN 2021
TECHNICAL STAFF
10
35
69 12
Registered Architects
05
Interior Designers
Employees worked toward their registration with the help of our Professional Development Program.
5 YEARS
15
30
Tim Kunz
John Klein
YEARS
Lonnie Bennett Ray Brown II Cayce Dockstader Brian Heil Susan Hoffman Cody Jones Jonathon Kruse Frank Lopez Ryan McAllister Barrett Nungesser Jander Ortiz
Jaime Pelayo Jacob Rhodes Mike Sadler Cindy Schallawitz Zack Sprinkle Rudy Starks Jim Stephenson Joyce Williams
35
YEARS Richard Jaynes
25
21 AUSTIN OFFICE
YEARS
DALLAS OFFICE
04 SAN ANTONIO OFFICE
90 FORT WORTH OFFICE
51 HOUSTON OFFICE
2021 AIA Houston Emerging Professionals Friendly Firm Award
Annual Report 2021 13
GrowCo
Grounds and Gold
Top 10 Clients by Revenue in 2021 EAGLE MOUNTAIN - SAGINAW ISD KELLER ISD DENTON ISD WALLER ISD PECOS-BARSTOW-TOYAH ISD ALLEN ISD ROYSE CITY ISD KATY ISD CARROLLTON-FARMERS BRANCH ISD ARLINGTON ISD
0
1M
2M
3M
4M
5M
6M
7M
NEW CLIENTS FOR 2021 EDUCATION Galveston ISD Liberty Hill ISD Sanger ISD WORSHIP River of Life Church XD Balfour Beatty
COMMERCIAL Brightwork Real Estate Elvis 1403 E Cesar Chavez Street, LLC
Steelhead Capital Management Taylor Smartt, LLC
AUTOMOTIVE BRP US, Inc Family Dealership Burleson, LLC
FW Westside RE Investors, LLC
The Heights Ellis County
Metro Mazda Mesquite
Guerra Underground
The NRP Group
Off Lease Only, LLC
James Land & Development
Uprise Chiropractic, PLLC
KBS III 515 Congress, LLC
Valentina's Tex Mex BBQ
Persimmon9 LLC Schon Tepler, LLC
Turner Construction
Annual Report 2021 15
Strickland Middle School, Denton ISD
Retirement Savings Plan (401k) The stock market turned in a solid performance in 2021. Strong global growth helped push many major asset classes to all-time highs despite ongoing concerns around inflation, monetary policy, and the persistence of Covid-19. Along the way there were several pullbacks but the S&P 500 gained 26.9% for the year. The Dow Jones Industrial Average gained 18.7%, while the Nasdaq Composite gained 21.4%. Global stocks measured by the MSCI World Index surged 17%, its third consecutive year of double-digit gains. YEARS ENDED DECEMBER 31
2019
2020
2021
TOTAL ASSETS
$10,291,853
$14,645,987
$18,954,351
GROWTH IN ASSETS PRIOR YEAR
38.0%
42.3%
29.4%
NUMBER OF ACTIVE PARTICIPANTS
204
218
240
MARKET RELATED GROWTH
$1,708,943
$2,137,686
$2,515,007
EMPLOYEE CONTRIBUTIONS
$1,108,711
$1,411,743
$1,613,814
EMPLOYER CONTRIBUTIONS
$362,407
$458,275
$475,347
TRANSFERS AND ROLLOVERS INTO THE PLAN
$281,702
$765,373
$31,038
WITHDRAWALS
($615,720.00)
($401,106.09)
($293,785)
EXPENSES General & Administrative
11%
2%
Marketing Expenses
Note: Payroll & Benefits includes bonuses, 401k, insurance, employer taxes, and other benefits.
44%
Consultants & Direct Expenses
Payroll & Benefits
43%
Annual Report 2021 17
Design Awards 2021
Annual Report 2021 19
TASA | TASB
Exhibit of School of Architecture Awards 2021 Gerald D. Young Agriculture Sciences Center, Katy ISD; Design, Value, Innovation, Community, and Transformation Awards
TASA | TASB
Exhibit of School of Architecture Awards 2021 Bill R. Johnson CTE Center, Crowley ISD; Design and Community Awards
AMERICAN INSTITUTE OF ARCHITECTS Fort Worth Chapter - Design Awards 2021 Bill R. Johnson CTE Center, Crowley ISD; Excellence in Architecture Honor Award
URBAN LAND INSTITUTE Dallas-Fort Worth 2021
STEAM Center, Allen ISD; Impact Award - Innovation
2021 Awards and Recognitions
FIRM CULTURE, EMPLOYEE SATISFACTION, AND BENEFITS
No. 25
2021 BEST COMPANIES TO WORK FOR
No. 25
2021 BEST FIRMS TO WORK FOR
No. 04
2021 BEST FIRMS TO WORK FOR
Fort Worth Inc. | Medium and Small Companies
Zweig Group | A/E/C Firms
Zweig Group | Architecture Firms
GROWTH AND PERFORMANCE
No. 56
ARCHITECTURAL RECORD
No. 29
TOP 160 ARCHITECTURAL FIRMS OF 2021
No. 05
TOP 150 ARCHITECTURE AND AE FIRMS: K-12 SECTOR FOR 2021
Top 20
%
22
VLK Architects
Architectural Record | Top 300
Building Design+Construction Top 90 Architectural Firms of 2021
Building Design+Construction Giants 400 Report
2021 CIRCLE OF EXCELLENCE PSMJ Resources
FWBP Executive Leadership Award 2021
ZWEIG GROUP HOT FIRM AWARD A/E/C Firms
ZWEIG GROUP HOT FIRM AWARD Architecture Firms
ENR MAGAZINE SOUTHEAST, SOUTHWEST, AND TEXAS/LOUISIANA REGION TOP 10 DESIGN FIRM Architecture Firms
ENR MAGAZINE SOUTHEAST, SOUTHWEST, AND TEXAS/LOUISIANA REGION TOP 10 DESIGN FIRM Top 50 Design Firm Overall
ENR MAGAZINE SOUTHEAST, SOUTHWEST, AND TEXAS/LOUISIANA REGION TOP 50 DESIGN FIRM Education Architecture Firms
ENR MAGAZINE NATIONAL TOP 500 DESIGN FIRMS
INC. MAGAZINE’S 5000 2021 LIST OF NATION'S FASTEST-GROWING PRIVATE COMPANIES
FW, INC.’S 2021 FASTEST GROWING COMPANIES IN FORT WORTH Finalist among Architecture/Planning
Annual Report 2021 23
Project Substantial Completions
AZLE ISD New Weight & Mat Room Building | 8/9/2021 BEEVILLE ISD Miscellaneous District-wide Projects | 8/17/2021 BIRDVILLE ISD New Partner ES | 6/1/2021 WG Thomas Coliseum Roof Recover | 6/1/2021 BRAZOSPORT ISD Brazoswood CTE - Phase 2 | 4/27/2021 Clute-Lake Jackson-Freeport Int • Substantial Completion A.P. Beutel ES | 8/17/2021 • Substantial Completion Lake Jackson IS | 9/8/2021 • Substantial Completion Clute IS | 9/29/2021 • Substantial Completion Freeport IS | 9/29/2021 Brazoswood HS Replacement-Phase 4 | 12/31/2021 COLLEGE STATION ISD Stadiums Lighting Upgrade | 7/30/2021 Artificial Turf Replacement | 7/30/2021 COLUMBUS ISD Competition Softball Field Complex | 1/5/2021 CROWLEY ISD CHS&NCHS Indoor Practice Facilities | 7/28/2021 New CTE Center & Renovations | 8/16/2021 North Crowley 9th Classroom Conversion | 10/18/2021 Dallas Park ES Roof Replacement | 11/11/2021 CYPRESS-FAIRBANKS ISD Ph6 Reno to 7 Campuses | 3/26/2021 Reno to Copeland Gleason She | 8/2/2021 2019 Adam ES Renovation | 8/2/2021 DENTON ISD CH Collins Stadium Administration Renovations | 7/21/2021 Strickland MS Additions & Renovations | 7/23/2021 Guyer HS Athletic Additions & Renovations | 9/30/2021 EMS ISD John L Price Maintenance and Transportation Additions & Renovations | 3/1/2021 ENDEAVOR REAL ESTATE GROUP Whataburger Lampasas | 7/16/2021
24
VLK Architects
FORT BEND ISD Roofing Multi Campuses Pkg28 | 7/30/2021 Turf and Athletics Package 021 | 10/31/2021
KLEIN ISD Concession/RR at Doerre Strack Klein Int | 4/23/2021
FORT WORTH DEALERSHIP LAND ACQUISITION, LLC Hiley Mazda Arlington-Image Upgrade Retail Evo | 12/15/2021
LAKE DALLAS ISD Lake Dallas HS Front Entry Add & Life Skills | 5/31/2021 Front Entry A&R at Corinth ES | 10/15/2021 Lake Dallas HS Front Entry Add & Life Skills | 8/16/2021 Front Entry A&R at Corinth ES | 8/1/2021 Multi-Purpose Indoor Practice Facility | 8/2/2021 LDMS Athletic Additions & Renovations | 8/10/2021
FORT WORTH ISD Eastern Hills HS A&R | 11/23/2021 Dunbar HS Renovation | 12/3/2021 GALENA PARK ISD Jacinto City Elementary School Rep | 3/1/2021 Grandview ES Class/Cafeteria Adds | 12/1/2021 GROWGO CAPITAL Two Floor Tenant Finish | 1/5/2021 HELP CENTERS Arlington | 9/30/2021 HUTTO ISD ES Improvements NJES, CCES, RES, VHES | 9/24/2021 Middle School Renovations & Additions | 9/17/2021 Stadium Renovations & Additions | 9/8/2021 INTO THE GARDEN Into the Garden | 10/28/2021 IOWA PARK ISD Kidwell ES Additions & Renovations | 5/5/2021 Bradford ES Additions & Renovations | 5/21/2021 George MS Additions & Renovations | 10/29/2021
LAMAR CISD Brazos Crossing Admin Bldg Renovations | 8/27/2021 New ALC Building | 11/8/2021 Morgan Elementary School #29 | 7/30/2021 Jane Long Historical Gym Renovation | 8/10/2021 MIDLOTHIAN ISD Misc. Facility Re-Roofing Projects | 8/15/2021 PMG KODDI | 2/17/2021 RICHARDSON ISD Canyon Creek Elementary School Renovation ROUND ROCK ISD Canyon Vista Middle School | 3/10/2021 SHERMAN ISD New Sherman High School | 4/30/2021
JUDSON ISD Mod. and Imp. to Miller's Point ES | 10/21/2021
STANLEY AUTOMOTIVE ENTERPRISES Stanley Automotive Renovations and Remodel | 5/1/2021
KATY ISD Repurposement of LD Robinson Pavilion | 1/29/2021
THE C.T. BRANNON CORP. Brannon Corp Town of Little Elm Indoor Waterpark | 2/4/2021
KELLER ISD Safety and Security Upgrades | 1/29/2021 Florence ES Replacement | 7/30/2021 Heritage ES Replacement | 7/30/2021 Fossil Hill MS - Portables | 8/2/2021 Keller High School Crawl Space Drainage | 8/13/2021 Safety and Security Upgrades - phase 2 | 9/2/2021 Counselling Suites Adds and Rens @ Multi | 12/17/2021
WALLER ISD New High School Early Civil Package AND Structural | 7/1/2021 Athletics | 7/1/2021
2021 Groundbreakings
February 25 Ysleta ISD | J.M. Hanks Middle School
November 1 Royse City ISD | New Ruth Cherry Elementary School
March 4 Dodson Development | 701 W. Magnolia
November 16 Crowley ISD | New Central Administration Building & Board Room
April 15 Grubbs Family of Dealerships | Grubbs Volvo June 21 Midlothian ISD | Jean Coleman Elementary School
December 15 Dodson Development | Expansion of Downtown Arlington's Urban Union District
September 16 PBT ISD | Maintenance, Child Nutrition, Technology, DAEP Facility
Maintenance, Child Nutrition, Technology, DAEP Facility, PBT ISD
New Ruth Cherry Elementary School, Royse City ISD
Hutto Memorial Stadium dedication
GrowCo
Annual Report 2021 25
People’s Ch oic e Award, Most Cans, Best Mea l Award
VLK Architects and Bridgeland High School CANstruction® Houston Team
Tallest Struc ture Award AIA Gingerbread Houston
'Closes the Book on Hunger'
Best Overall Design Fort Worth CANstruction®
26
VLK Architects
VLK CHRISTMAS PARTY Best Us e of Ma teria ls AIA Fort Worth Gingerbread
Houston - San Antonio Christmas Party
Austin Christmas Party
Fort Worth - Dallas Christmas Party Annual Report 2021 27
