I know for a fact the USCF has a balance sheet of -$2,000,000. I spoke with Grant Perks (can you imagine that is the name of a person seated in the Finance Committee of a failing non-profit??) about the situation, and I recently (one month ago) met with Stan Booz, one of the CPA's working with the USCF. We went over the books of the USCF and he identified the key areas that were the cause of all of its strife.

They spun off the Products & Services sector, an annual $3,000,000 revenue stream, to the highest of 10 sealed bids. They needed about $300,000 immediately in order to get their "Christmas Inventory" in place, which is why I was meeting with Stan.

Stan told me 17 people were let go to reduce the cost of the payroll, some waste/fraud/abuse was discovered by some former high-level officers who are no longer involved. And the "relocation project" where the headquarters was moving was a real nightmare, I will not get into that.

So, yes, things look bad for the USCF.