Latest Post | Last 10 Posts | Archives
Previous Post: SUBSCRIBERS ONLY - Softball
Next Post: Catching up with the congressionals
Posted in:
* Earlier this month, Wirepoints announced that its president Ted Dabrowski would leave the organization to run for the Republican gubernatorial nomination. The website’s founder Mark Glennon said he, too, would stop writing for the website and said their research director was leaving to work on Dabrowski’s campaign.
As I told you last year, the organization has been in some fiscal hot water.
* And those problems have persisted in the group’s latest 2024 IRS filing…
Investment income has dropped from $12,600 in 2023 to $4,122 last year.
Wirepoints has managed to reduce its deficit spending, but it persisted last year at $194K (down from $394K).
“Net assets or fund balances” plunged to just $64K, down from $258K in the previous year.
“Savings and temporary cash investments” were listed as $233K at the beginning of 2024, but that fell to a mere $232.00 by the end of the year.
“Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons” were not reduced by the end of last year from the $68,400 claimed at the start of the year.
Dabrowski’s income was reduced to $85K last year, from $100K the year before. His average weekly work hours increased to a whopping 75 last year, from 40 the year before.
Discuss.
posted by Rich Miller
Friday, Sep 26, 25 @ 11:48 am
Previous Post: SUBSCRIBERS ONLY - Softball
Next Post: Catching up with the congressionals
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
- His average weekly work hours increased to a whopping 75 last year, from 40 the year before. -
To be fair, I believe anything can be considered “work” at a place like Wirepoints.
Comment by Excitable Boy Friday, Sep 26, 25 @ 12:15 pm
Uh oh
Comment by Frida's Boss Friday, Sep 26, 25 @ 12:24 pm
And you want to be my latex salesman, I mean Governor
Comment by fs Friday, Sep 26, 25 @ 12:47 pm
This is the guy telling us he’s going to fix state finances. He’s record tells us a different story. Bruce Rauner already tried to bankrupt the state, don’t think we need to do that for round 2. Just let JB keep the course and make progress. He’s been the only one in decades to actually make progress on the state’s finances.
Comment by LOL Friday, Sep 26, 25 @ 1:00 pm
Rich, you might try calling before you write crap like that. But I noticed the IL Dem Party wrote much the same, which you parrot, so II should not be surprised.
Look, we had an outsized year for fundraising in 2020 and a few years thereafter. Pursuant to the budgets that we showed contributors in those years, we spent down that money gradually over later years. That’s the reason there was positive net in earlier years and negative later. There thus has been no deficit overall. By the way, we spent far less than shown on those budgets. We raise money as needed to fit the scope of the work we are doing at the time, and have made no effort to do so lately. We will do so again if needed, and we promptly pay any bills as they come in.
And Ted Dabrowski sure as hell did not run Wirepoints into the ground, as is being said. On the contrary, It was when he joined the Wirepoints really took off. Our success is primarily attributable to him. We have delivered more bang for the buck than any news and commentary shop around. That success has included dozens and dozens of citations in major national media — not that your readers would know the because you blacklist us and any article that cites us. We’ve earned our success the right way by news and commentary from all perspectives, even yours and others who blacklist us. Most importantly, we base our commentary on facts and research. You and your commentators (the few you let through, that is) are truly despicable.
Comment by Mark Glennon Friday, Sep 26, 25 @ 1:12 pm
This from the financial experts who opine on the state budget.
Comment by Big Dipper Friday, Sep 26, 25 @ 1:20 pm
Hold the phone…
Another arch conservative who preaches fiscal solvency while actually running their own patch into the ground?
Greg Bishop must be aswoon with the vapors.
Comment by Flyin' Elvis'-Utah Chapter Friday, Sep 26, 25 @ 1:22 pm
I’ll give Ted credit for taking a pay cut and working longer hours in the face of a cash crunch, though. It seems like a low bar to clear, but there are plenty of organizations where the boss would get a raise for having the keen idea to save money via layoffs.
Comment by Benjamin Friday, Sep 26, 25 @ 1:24 pm
If you can’t make money selling “news” to MAGA, run for office and fundraise off of the same client base.
Comment by Save Ferris Friday, Sep 26, 25 @ 1:32 pm
Wirepoints needs to get in on that sweet state grant scene like Ralph Martire.
https://dceoapps.ildceo.net/granttracker/gt/ProgramMaps.aspx?GrantNumber=24206203&CompanyLocationId=18517
Comment by City Zen Friday, Sep 26, 25 @ 1:37 pm
===But I noticed the IL Dem Party wrote much the same===
I didn’t. Seriously, where is that because I’ve been checking your filings for weeks to see if they were updated.
Comment by Rich Miller Friday, Sep 26, 25 @ 1:39 pm
===did not run Wirepoints into the ground, as is being said==
By whom?
Comment by Rich Miller Friday, Sep 26, 25 @ 1:40 pm
Maybe they could adopt a photogenic orange cat or two to replenish those cash reserves. Might provide a bit of much needed zen as well.
Comment by Pundent Friday, Sep 26, 25 @ 1:44 pm