Since Tennesse Temple U has announced it is closing down.

4everfsu

4everfsu

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How financially solvent is HAC? Any thoughts of HAC surviving or may it be ready to close it doors one day soon?
 
4everfsu said:
How financially solvent is HAC? Any thoughts of HAC surviving or may it be ready to close it doors one day soon?
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How financially solvent is HAC?

Since we have an actual CPA, with real university degrees, overseeing the finances of all the corporations now, things have stabilized and the bleed has slowed and almost stopped.

It will take a few more years to get us firmly in the black and start working on a permanent endowment. Maybe in 20 years with proper management we can be more like Liberty and less like TTU.

We have needed this type of financial supervision for decades. One can not expect people uneducated in not-for-profit corp finances to be able to operate an organization such as FBCH and its subsidiaries.

People educated for religious ministry alone, are not qualified to manage and guide large not for profits without a sugar daddy that supplies the big bucks in big chunks. The last two pastors got by because of those sugar daddys. We have no sugar daddy now. We only have The LORD.



Any thoughts of HAC surviving or may it be ready to close it doors one day soon?

The patient is getting ready to leave ICU and go to recovery. Two years ago all was in doubt. We did not know how bad things really were,  we had no idea of the widespread malignancy in the body. Death was a real outcome.

Today, things look much better. The malignancies are being located and most of them are being treated, they would seem to be no longer life threatening.

Long term things do look much brighter and a full recovery can be seen in the future.
 
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