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Reader View: SWAIA finances are in good shape

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Posted: Saturday, April 12, 2014 7:00 pm

As the board treasurer of the Southwestern Association for Indian Arts, I believe it is important to clarify some of the recent misstatements about SWAIA’s financial condition made by people who are unaware of the facts. There are many things to keep in mind.

First, while SWAIA’s income is cyclical, SWAIA’s financial condition is sound. The fact that a short-term revolving line of credit was obtained does not mean otherwise. SWAIA, like almost all businesses, occasionally encounters cash-flow problems, and short-term, revolving lines of credit are the usual way to solve those problems.

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4 comments:

  • Elizabeth Pettus posted at 4:43 pm on Mon, Apr 28, 2014.

    tfiner Posts: 26

    Dear Mr. Singer,

    After consultation with the Charities Division of the Attorney General's office, and your public announcement in The New Mexican that you are no longer a Santa Fe Indian Market Artist, and will not be attending this year, I feel it would be a waste of your time to meet. The only information I could ever have shared with you is already on the SWAIA website, as a link to the Attorney General's office. The Confidentiality Agreement that both directors and board members sign makes this my fiduciary responsibility to SWAIA.

    I have spent time reviewing all of the information, and we are working on a clearer depiction of those same numbers, so that any questions that market artists, partners, sponsors, volunteers, or donors have can easily be answered.

    Thank you for understanding that I will not be meeting with you.
    Elizabeth Pettus

     
  • Monty Singer posted at 4:30 pm on Wed, Apr 16, 2014.

    Monty Singer Posts: 5

    Thank you for your response. I would like to set up a time with you for that review. PM me on Facebook.

     
  • Elizabeth Pettus posted at 10:25 am on Mon, Apr 14, 2014.

    tfiner Posts: 26

    Mr. Singer,
    I would be happy to meet with you personally to review the SWAIA Financials.
    As I work full time, I cannot promise to be available 24/7, but I am sure that a mutually agreeable time and place can be arranged. We can review the income, expenditures, E.C. approvals, and audits. The SWAIA 990 is already posted on the New Mexico Attorney General's website.

     
  • Monty Singer posted at 1:50 pm on Sun, Apr 13, 2014.

    Monty Singer Posts: 5

    Yet you say nothing about what actually happened. You can talk all day about what is supposed to happen and what SWAIA's policies are, but that's different from what actually happened. Who are you? We don't know you. If this is your attempt to quiet us down, good luck. Because the more you resist, the louder we will get. John Torres Nez is person who won our trust, not some out of touch board member just interested in power. Let Native people own and decide how they will be displayed in Santa Fe, not SWAIA.

     

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