1. How are you dealing with the $1.2 million TLC owes in short term arrears? We have reduced operating costs to a third of past costs to ensure we aren’t adding to short term debt, and we are in discussions with employees, lenders and some suppliers to develop a plan to satisfactorily resolve their arrears. [...]
As an organization, TLC has dared mighty things and has succeeded where others may have failed. Over the past year, however, our financial circumstances have not allowed us to achieve all we might want to. Three months ago, we began a restructuring process that will allow us to create a solid foundation from which we [...]
Financial situation In recent weeks, announcements have been made regarding severe financial challenges that TLC is facing, and significant changes that are underway. There is not enough revenue coming in to sustain our current operations. Part of the problem has been the economic turmoil that has depressed funding opportunities– from foundations, corporations and individual donors [...]
During recent days, there have been announcements that TLC is facing some serious financial challenges, resulting from a severe downturn in funding. In response, TLC is going through a period of renewal and rejuvenation in order to adjust to these new realities and to be able to continue its work protecting special places in British [...]