Fox Valley United Way, according to the Chicago Sun Times, took a 6-month "hiatus" after losing a huge enough chunk of money that no grant obligations were payable, staff was cut from 7 to 3 and a new Exec and new Board were recruited.
The only explanation: we promised more than we could pay out. The ex-ED doesn’t admit to the problem. Neither does the past finance guy nor the board, but they have all resigned.
Is this the way to run a business? Should the United Way still be trying, again -- I think not.
|
|
||||
|
Saturday, January 26
Small United Way: Big Losses No One Owns
by
mikeb
on Sat 26 Jan 2008 07:00 AM EST
|
Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog. Please check out (and bookmark) my new location http://www.nonprofitboardcrisis.typepad.com Thanks for helping to make this a success!! My mission: to change the world one nonprofit at a time. I fix broken nonprofits with a focus on resolving nonprofit board/exec relationships. I also help nonprofit boards and staff figure out where they want their organization to be in the future and focus on the four columns of a nonprofit: program, management and operations, governance and sustainability. If you would like to know more about me and my firm, please visit my web site: www.brodyweiserburns.com - Mike Burns
This Month
Month Archive
Good Nonprofit Governance and Management Blogs
|
|||