The National Association of Hispanic Journalists is projecting it will “end the year with around a $240,000 deficit,” even though it cut $270,000 in overall expenses, “including personnel and benefits, a one-week furlough for staff, accounting services, audiovisual costs and printing.”
NAHJ’s president, Michele Salcedo made the announcement in her Season’s Greetings message, which was sent out to the membership and which is currently posted on the association’s website.
Due to a “dangerously low” cash flow level, the board approved a $25,000 bridge loan to be taken from the stock fund. But not all board members were on board. The vote was 8-4.