Some nonprofit organizations are in imminent danger of “going under.” For example, we have seen a rather dire letter to the editor in the Pioneer newspaper from a board member of the Headwaters Science Center in Bemidji. We have read warnings of possible closure and pleas for funds in the Cedar Cultural Center newsletter.
KAXE entered the current recession in good shape. The organization has some money in the bank to maintain cash flow and has no long-term debt. In this, KAXE is definitely Ox-like. Oxes are not extravagant. Being in debt makes them nervous. KAXE will not go under—but it will also not go untouched.
KAXE’s response to the financial challenges will be like the Ox. The station has always been frugal. The staff and volunteers are hardworking and will selflessly do a wonderful job with fewer resources. Oxes have many friends, so we’ll look for more friends ask current members to pitch in just a little bit more.
We will also make further budget cuts. At this point, those cuts will have to go deeper and will likely include the station’s retirement plan, a reduction in the quality of our health care plan and, possibly, staff lay-offs. These things are very difficult to contemplate, let alone do. I hope the measures will be temporary.
I wish all of you prosperity this year, through fortitude and hard work! If you have reactions or ideas for us, please let us know!
NOTE: Our family celebrates Chinese New Year because our daughter-in-law, Siau Yean, is from Malaysia, and her family is of Chinese ethnicity. Celebrating the New Year in northern Minnesota connects her to family and friends at home. The pictures on this blog are from our family’s New Year’s Eve celebration and include an Ox (Babe, of course. This is Minnesota!), some hot pots (for cooking Tom Yum soup communally, as a family), and fireworks (firecrackers are supposed to scare away evil spirits).