Joe, thanks for starting this thread. It's interesting that your spidey senses are tingling about this too, given your background and experience. I'm no accountant and slow on the uptake at times, but as has been said before, it would be great to blow the lid off the WT's financial affairs and take a good look inside to see what the full picture is. All we have are bits and pieces, and feelings of unease which drive speculation.
haboob48's 'non-profit revitalization act 2013' - putting it into 'idiot language,' how does this specifically affect the way Watchtower does business?
Btw, the whistleblower policy caught my eye, LOL. I can't see it being implemented for real in the WTS.
IV. Whistleblower Policy
Under the Act, every corporation and charitable trust that has 20 or more employees and annual revenue exceeding $1 million in its prior fiscal year must adopt a whistleblower policy that complies with the Act. The whistleblower policy must prohibit intimidation, harassment, discrimination, adverse employment consequences or other retaliation against a director, trustee, officer, employee or volunteer who, in good faith, reports any action or suspected action by or within the corporation that is allegedly illegal, fraudulent or violates any corporate policy. The Act sets forth certain required provisions for reporting violations or suspected violations of law or corporate policies, specifying to whom such violations may be reported and to whom the policy must be distributed. A committee comprised solely of independent directors/trustees may oversee the adoption of and compliance with the whistleblower policy. If no such committee is designated, either the board, the trustees in the case of a trust, or the audit committee must oversee this function.
Corporations and trusts that have a whistleblower policy should review the policy and, unless it is substantially consistent with the Act's requirements, should amend the policy to ensure compliance. - https://www.skadden.com/insights/exempt-and-nonprofit-organizations-alert-new-york-non-profit-revitalization-act