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Deficit spending reported as revenues plunge, salaries and debt increase (Updated)
Thursday, May 30, 2024 - Posted by Rich Miller * From Wirepoints’ 2023 990…  …Adding… I didn’t notice the loans until ArchPundit pointed them out…  Others might call that a “death spiral.”
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- Excitable Boy - Thursday, May 30, 24 @ 2:05 pm:
Maybe they should try running their business like IL government.
- Shytown - Thursday, May 30, 24 @ 2:06 pm:
Sad. So sad. Thoughts and prayers.
- pointy wires - Thursday, May 30, 24 @ 2:07 pm:
10/10 incredible troll. No notes.
- Lynn Becker - Thursday, May 30, 24 @ 2:14 pm:
And yet the Trib and Crain’s continue to love to run their content. I wonder what the Illinois Policy Institute’s 2023 filing will look like - they had $2.5 million deficit in 2022.
- Morty - Thursday, May 30, 24 @ 2:22 pm:
Thanks for posting, I needed a laugh
- New Day - Thursday, May 30, 24 @ 2:23 pm:
Excitable Boy wins this one right off the bat. This is the definition of Schadenfreude.
- Lurker - Thursday, May 30, 24 @ 2:32 pm:
If you’re anti-government, aren’t you glad grants are severely down? Asking for a friend.
- @misterjayem - Thursday, May 30, 24 @ 2:37 pm:
– MrJM
- JS Mill - Thursday, May 30, 24 @ 2:42 pm:
They should try living within their means.
- Dance Band on the Titanic - Thursday, May 30, 24 @ 2:59 pm:
You’d think the 5 financial genius Wirepoints staffers would be able to figure out how to make that 294 grand in revenue cover their own 534 grand payroll.
- ArchPundit - Thursday, May 30, 24 @ 3:09 pm:
Sigh, I put the banned thing–Dabrowski & Glennon also loaned the organization around $35,000 each. Going great over there.
- Keyrock - Thursday, May 30, 24 @ 3:21 pm:
Always nice to have a good news post to cheer us up.
- Michelle Flaherty - Thursday, May 30, 24 @ 3:24 pm:
Have they considered selling the Thompson Center?
- Michelle Flaherty - Thursday, May 30, 24 @ 3:27 pm:
The loan repayment plan is a ramp that gets them to 90 percent funded in 2045.
- Mason County - Thursday, May 30, 24 @ 4:07 pm:
Any predictions how long they will last?
- Friendly Bob Adams - Thursday, May 30, 24 @ 4:29 pm:
5 stars for the headline *****
- OneMan - Thursday, May 30, 24 @ 4:45 pm:
Perhaps they can sell a few subscriptions to Richard Uline or spend the last few on a seminar by Miami Dan on how to get money from Richard without showing any success.
- City Zen - Thursday, May 30, 24 @ 5:23 pm:
Even with prevailing wages and mounds of cash pouring in from all those gas tax hikes, the union-funded Illinois Economic Policy Institute also reported a loss in FY 2023.
https://projects.propublica.org/nonprofits/organizations/463360695/202400539349300530/full
- Excitable Boy - Thursday, May 30, 24 @ 6:11 pm:
- the union-funded Illinois Economic Policy Institute also reported a loss in FY 2023. -
It seems like you might have left out a few details. Would you care to provide the dollar amounts for the readers who aren’t inclined to follow the links?
- JS Mill - Thursday, May 30, 24 @ 7:48 pm:
Maybe if they put “grand bargain” in One of the revenue lines it will pep things up some?
- Rich Miller - Thursday, May 30, 24 @ 10:01 pm:
===also reported a loss in FY 2023===
lol
Nice try. Now explain the death spiral.
- Annon3 - Friday, May 31, 24 @ 10:15 am:
Surly this kind of reckless spending is not sustainable.