by Michael Wright Bozeman Daily Chronicle
BOZEMAN — The nonprofit foundation that raises money for Yellowstone National Park had a budget deficit of about $2 million this past fiscal year and its total debt is more than twice that, its top executive said this week.
Yellowstone Forever’s financial hole, according to board treasurer and interim CEO John Walda, is due to faulty revenue projections from 2016, when it formed out of its two parent organizations. He said the organization invested heavily in its staff, buildings and technology, thinking plenty of money would flow into the organization’s coffers.
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