Martin University Terminates Entire Staff Due to Financial Crisis
“staff were told at a meeting late Monday morning the university’s bank account is empty”
The school somehow let the situation go on until they actually had no cash left to pay anyone.
WISHTV News reports:
Martin University terminates all staff amid financial crisis
A now-former employee of Martin University told News 8 Monday university leaders have terminated everyone because they don’t have the money to pay them.
As News 8 reported last week, the university will pause its operations at the end of the current semester due to financial difficulties and a decrease in student enrollment.
Kory Amyx worked as Martin University’s senior financial aide and veteran affairs adviser. He said staff were told at a meeting late Monday morning the university’s bank account is empty and, as a result, Interim President Felicia Brokaw does not know when they will get paid.
“They said they don’t know when they will get us paid. They plan to get us paid, but whether that happens tomorrow, the next day, a month, a year, who knows?” he said.
Amyx said Brokaw told staff she is working to cobble together enough money to pay staff the paychecks that were due Monday, including donations directly from the university’s board of trustees. Amyx said about two dozen people are affected. He said the university is emailing termination letters individually because on-campus IT services have stopped working.
“They did use the word ‘terminated’ over and over for all of us and it kind of caught my ear as well,” he said. “Why we weren’t laid off versus terminated, I don’t know.”
During the meeting, he said university leaders told staff the Higher Learning Commission considers a stoppage in instruction as a closure, not a pause in operations.
Amyx said university staff were aware of the institution’s financial struggles but they were under the impression the university would remain operational until May or June. He said Monday’s decision came as a shock. He said the fact that the decision came right before Christmas makes it all the more painful.
Donations tax deductible
to the full extent allowed by law.
Comments
I’m willing to bet someone emptied it and ran and that caused the sudden shift.
“The school somehow let the situation go on until they actually had no cash left to pay anyone.”
And to think these people were teaching work and life skills to other people’s kids.
“They did use the word ‘terminated’ over and over for all of us and it kind of caught my ear as well,” he said. “Why we weren’t laid off versus terminated, I don’t know.”
Magic legal words in the applicable unemployment compensation laws? “Laid off without cause” is a redundancy, but “terminated without cause” might give you some valuable options.
Doesn’t “laid off” suggest the possibility of recall to work in the future, whereas “terminated” is more permanent?
Hopefully, no one will pay payroll, without paying taxes due to the government.
The person who fails to pay trust fund may have personal liability for the amount that is not paid.
Steps 1 and 2 completed…
“Shut it down. Fire the staff. Raze the buildings. Plow the land. Plant corn.”
Not familiar with this university. I wish the article mentioned location. That would have given us more insight as the how this could have happened and the type of personnel involved. My wife worked in a small family run book publishing company. The finance dept consisted of her and a CPA. They balanced the books to the penny every month. I can’t believe someone didn’t see this coming. But perhaps they did….
https://www.martin.edu
it appears to be in Indiana …
the somalian like “funding” was drying up and the looters knew that the doj was closing in
Tuition in 2012–13 was $14,180, although 59% of the student body receives financial aid in the average amount of $2,600
“let the situation go”
yeah
just like maga is allowing the left to do as they please on the local levels
stop it now b/c its not getting better