Nonprofit Finance Disasters
Please watch the following news clip:
Then read the following articles:
1) Major social service nonprofit to shutdown. Retrieved from
2) The wrecking of a blue-chip New York nonprofit. Retrieved from
Research nonprofit finance and address the following questions in
your Case Assignment:
1) Why did FEGS close down?
2) What specific financial issues were there?
3) Should its executives receive the compensation that they did?
4) Should there have been greater financial oversight?
5) How could this scenario been avoided to begin with?
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