"Financial Mismanagement Sparks Investigations and Funding Halts in Rochester Nonprofit Sector"

1 min read
Source: 13WHAM-TV
"Financial Mismanagement Sparks Investigations and Funding Halts in Rochester Nonprofit Sector"
Photo: 13WHAM-TV
TL;DR Summary

The Community Resource Collaborative (CRC) in Rochester is under investigation and has had its funding temporarily suspended after the termination of its founder. The nonprofit's attorney has revealed that the new CEO discovered missing funds and sought legal assistance. The total amount missing is reportedly less than the $7 million initially reported, and the organization is awaiting the results of a forensic audit. The attorney highlighted the lack of financial safeguards and emphasized the need for a two-authorization system for accessing funds.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

1 min

vs 2 min read

Condensed

77%

36182 words

Want the full story? Read the original article

Read on 13WHAM-TV