AVALON HOLDINGS CORP
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
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EX-13.1 · Management’s Annual Report on Internal Control over Financial Reporting
Management’s Annual Report on Internal Control over Financial Reporting
The management of Avalon, including the Chief Executive Officer and Chief Financial Officer, is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) of the Securities and Exchange Act of 1934, as amended. Avalon’s internal control system was designed to provide reasonable assurance as to the reliability of the preparation and presentation of the consolidated financial statements for external reporting and the safeguarding of assets from unauthorized use or disposition.
All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.
With our participation, an evaluation of the effectiveness of our internal control over financial reporting was conducted as of December 31, 2024, based upon the framework and criteria established inInternal Control–* Integrated Framework*(2013 framework) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Based on this evaluation, our management has concluded that our internal control over financial reporting was effective as of December 31, 2024.
This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report.
| /s/ Ronald E. Klingle | /s/ Michael J. Havalo |
|---|---|
| Chief Executive Officer | Chief Financial Officer |
March 20, 2025
C o m p a n y ** L o c a t i o n** ** D i r e c t o r y**
| C o r p o r a t e O f f i c e | G o l f a n d R e l a t e d O p e r a t i o n s | |
|---|---|---|
| Avalon Holdings Corporation One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Avalon Resorts and Clubs, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8898 | Havana Cigar Shop, Inc. 1030 Forker Blvd. Hermitage, Pennsylvania 16148-1566 (330) 856-8898 |
| W a s t e M a n a g e m e n t S e r v i c e s | Avalon Clubs, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8898 | Avalon Mahoning Sports Center, Inc. 1223 W Western Reserve Road Youngstown, Ohio 44514-3545 (330) 758-7400 |
| American Waste Management Services, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Avalon Resorts, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8898 | Avalon Cigar Shop, Inc. 9519 East Market Street Warren, Ohio 44484-5555 (330) 856-1900 |
| American Landfill Management, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Avalon Golf and Country Club One American Way Warren, Ohio 44484-5555 (330) 856-8898 | Avalon Med Spa, LLC One American Way Warren, Ohio 44484-5555 (330) 856-8898 |
| American Construction Supply, Inc. One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Avalon Lakes Golf Course One American Way Warren, Ohio 44484-5555 (330) 856-8898 | Avalon Dermatology, LLC One American Way Warren, Ohio 44484-5555 (330) 856-8811 |
| American Water Solutions, LLC One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Squaw Creek Golf Course 761 Youngstown-Kingsville Road Vienna, Ohio 44473 (330) 539-5103 | Avalon Country Club at Sharon, Inc. 1030 Forker Blvd. Hermitage, Pennsylvania 16148-1566 (724) 981-6700 |
| AWMS Holdings, LLC One American Way Warren, Ohio 44484-5555 (330) 856-8800 | The Avalon Resort and Spa LLC 9519 East Market Street Warren, Ohio 44484-5555 (330) 856-1900 | |
| AWMS Rt. 169, LLC One American Way Warren, Ohio 44484-5555 (330) 856-8800 | Avalon Field Club at New Castle 511 Country Club Drive New Castle, Pennsylvania 16105-0338 (724) 654-1341 |
| D i r e c t o r s a n d O f f i c e r s | |
|---|---|
| D i r e c t o r s | O f f i c e r s |
| Ronald E. Klingle | Ronald E. Klingle |
| Chairman of the Board and | Chairman of the Board and Chief Executive Officer |
| Chief Executive Officer | |
| Executive Committee (Chairman) | Michael J. Havalo |
| Compensation Committee | Chief Financial Officer, Treasurer and Secretary |
| Michael J. Havalo | Frances R. Klingle |
| Chief Financial Officer, Treasurer and | Chief Administrative Officer |
| Secretary | |
| Compensation Committee (Chairman) | Marjorie J. Patterson |
| Controller | |
| Christine M. Bell | |
| President, Avalon Golf and Country Club, Inc. | |
| Compensation Committee | |
| Kurtis D. Gramley | |
| Chairman and Chief Executive Officer, | |
| Edgewood Surgical Hospital | |
| Executive Committee | |
| Option Plan Committee | |
| Stephen L. Gordon | |
| Partner, Beveridge & Diamond, P.C. | |
| Compensation Committee | |
| Audit Committee | |
| Option Plan Committee (Chairman) | |
| Timothy C. Coxson | |
| Financial Consultant | |
| Audit Committee (Chairman) | |
| Executive Committee | |
| Option Plan Committee | |
S h a r e h o l d e r
I n f o r m a t i o n
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