[amsat-bb] Another call for forensic accounting and an inventory

[Jeff Johns]

I didn’t say anyone stole anything. I haven’t heard anyone say that. The membership, however, has learned of inappropriate spending by a group of legacy BoDs. It would be in the best interest of AMSAT, no matter who is in office, to make the dark cloud of FUD to go away. The only way that will happen is to have an independent, third-party investigate finances and to perform an inventory. 

AMSAT is a business. A business is valued by its cash on hand, receivables and assets. A customer base can also be used as part of the valuation of a company. All of the information, combined, gives an indication of the stability of a company (organization). 

The membership deserves to have the FUD removed and there’s only one way this can occur. Nobody wants to invest in a business that has questionable finances. In this case members and donors will be less likely to invest in AMSAT as long as there are questions about the governance of AMSAT and how that governance handles the organization’s money. 

If I were on the board, I would want to cloud removed to show that I, as a Board member, was being a good steward of the members’ money. 

So, I once again ask that a thorough examination of AMSAT’s finances and assets take place so that the organization can show members and investors (future members and donors) that the organization is sound and that money is appropriately spent. 

This seems like a no-brainer to me. I’m not sure why any reasonable person would take issue with the membership wanting to know, for sure, that the organization’s finances are sound. 

Jeff WE4B 
http://we4bravo.com

> On Aug 9, 2020, at 8:45 AM, Jeff Davis via AMSAT-BB <amsat-bb at amsat.org> wrote:
> 
> 
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>>>>> On Aug 9, 2020, at 3:23 AM, Jeff Johns via AMSAT-BB <amsat-bb at amsat.org> wrote:
>> The call to ask them to step-up and help ease the minds of many members was not answered. Why? It could be a myriad of things but because they will not (so far) step forward and help promote financial transparency is very disturbing. If there is nothing astray, then there would be nothing to worry about other than the cost for a third-party to perform the audit.
> 
> Yes. I see the “plot” clearly now. A few grifters decided the best way to get “rich" was to join a ham radio organization. They would lay low for 10-30 years so as not to arouse suspicion. They would volunteer their time and efforts for decades to provide an smokescreen so other members wouldn’t suspect that they would one day steal money and inventory from the coffers and then refuse to provide a detailed accounting when requested…
> 
> 
> Jeff, KE9V
> 
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