The finances for the non-profit Social Advocates for Youth or SAY have reportedly been fragile for years. Audit reports over the years show that there was doubt whether SAY could increase net assets and positive cash flows from operating activities. The warning still appeared in 2021 when SAY received forgiveness of a one-time, federal, COVID-era Paycheck Protection Program loan. The Press Democrat reports that SAY has been on shaky financial footing since 2016 when it opened its Dream Center. This report comes as the non-profit put out a desperate plea to the public for donations, seeking to raise at least a million dollars or shut down. They also announced a need to raise $3-million over the next two years to allow it to operate while preparing to sell the Dream Center. After recent conversations with stake holders and local officials, the sale of the Dream Center may be on hold.
Non-Profit SAY’s Finances Have Been Fragile Since 2016
