RMM Faces Record Deficit
RMM’s Chief Financial Officer, Keith Scheffel, recently issued a sobering report on the agency’s current financial situation. At the end of May, the operating fund had a $317,000 deficit. While RMM relies on year-end gifts and typically operates in the red throughout much of the year, the deficit is now $94,000 greater than it was at this point last year and has eclipsed the previous record set in 2003.
One positive note from the report is that income has increased in the last month, but it is still only at last year’s level. Scheffel noted that “While I’m glad that we’re at least back up to last year’s level, we need to be 15% above last year to sustain the expansion we’re undertaking.”
RMM is currently praying about, and working to raise funds for, the 2006 Missions Day Offering which will be received at CMC’s annual conference (July 27-30 in Plain City, Ohio). The goal for the offering is $240,000. RMM is working to raise half of that amount from “Touchstone Donors” – individuals and corporations who give at least $2000, and the remainder will come from contributions to the offering.
More information about the Missions Day Offering can be found on the RMM website. If you would like to contribute to the offering you can do so at the annual conference or by mailing a contribution (earmarked “2006 Missions Day Offering”) to RMM, 9920 Rosedale Milford Center Rd, Irwin, OH 43029-9537).