Finance
In Richardson, To Tell Or Not To Tell (Again)
Fri, May 5, 2010
by Drew McManus
The recent conductor rant from the Richardson Symphony Orchestra that was caught on tape has produced an intriguing comment thread. One item that caught my attention was the notion that the group has been wrestling with their cash flow issues for some time and the decision as to whether or not this should be brought
Claims Of “Gross Mismanagement And Incompetence” In Honolulu
Thu, Mar 3, 2010
by Drew McManus
According to two news reports (here and here), the Honolulu Symphony Musicians presented a filing this week that “(Based) on its history of gross mismanagement and incompetence …management is incapable of the task reorganization and a Chapter 11 trustee should be appointed, or, in the alternative, the case should be converted to Chapter 7 or
Let The Thieving Begin!
Thu, Dec 12, 2009
by Drew McManus
Thank goodness it has been awhile since the dirty little secret of just how easy it is for someone inside a nonprofit performing arts organization to misappropriate organizational funds has made headlines. And by misappropriate, I mean embezzle and by embezzle, I mean steal. Nonetheless, from across the Atlantic comes a report that the former
There Will Be No Further Reductions In The Ranks
Fri, Nov 11, 2009
by Drew McManus
Amidst all the buzz this week about new business models sparked by an article from Michael Kaiser for the 11/9/2009 edition of The Huffington Post (no worries, we’ll be examining that in more detail after Mad Men week) I thought it would be fun to look at one of the major plot points from this
When High Standards Collide With Low Expectations
Mon, Nov 11, 2009
by Drew McManus
Last week’s poll asking readers “how many orchestras will take advantage of having the direct link to their respective financial reports page at GuideStar.org and post it on their webpage by the end of November” and if “institutional transparency in the form of posting financial and annual reports matter” generated just over 100 responses. The
