From the company’s own financial records, it looks like the staff is enriching themselves while they drive the company to the brink of bankruptcy.
Over the past 3 years, payroll expenses have increased by 45%, and cash reserves have been reduced by more than 50%. If the trend continues, the company will be bankrupt within the year.
Why is this happening? The general manager and her mother are on the board. The rest of the board is her friends, and the staff consists of many family members. The board has no control of the staff, since the board and staff are pretty much the same.
*Source: 2016 & 2017 990s, 2018 & 2019 shareholder financial statements.