11/01/2026
CFA This is information pulled just so that we have a clear picture of what is going on.
Where's the money?
Who took it?
That's a huge deficit people....
THIS concern is not a membership dispute — it is the documented deterioration of this corporation's finances under its current directors, set out in CFA's own Forms 990:
1. Three consecutive deficit years totaling $1,006,468 in losses: -$88,995 (year ending April 2023), -$634,155 (year ending April 2024), -$283,318 (year ending April 2025), on revenue that stayed roughly flat at $2.2–2.3 million a year.
2. Net assets fell from $3,858,265 to $3,057,621 between April 2023 and April 2025 — $800,644 of the corporation's reserves spent down in two years, with no accounting to the exhibitors and breeders whose entry and registration fees fund the corporation.
3. During those same loss years, the corporation paid its officers $231,510 in the most recent filing year alone (9.0% of all expenses), including $110,760 to the Executive Director, $52,428 to a director-at-large, and $36,000 to the President.
4. The corporation's own conflict-of-interest policy appears unenforced. The same individuals hold office at CFA, hold office in the member clubs CFA charters, and work as licensed CFA judges at fee-charging shows. CFA's Treasurer, for example, is paid by CFA, serves as treasurer of member clubs, and judges. Directors who oversee themselves cannot discharge their duty of loyalty to the corporation.
Under New York's Not-for-Profit Corporation Law, CFA's directors owe the corporation duties of care and loyalty. I ask the Charities Bureau to review whether those duties are being met: whether the board has a plan for the sustained deficits, whether officer compensation was set by disinterested directors, and whether the conflict-of-interest policy is enforced in practice.
For context only: exhibitors and breeders are not members of CFA — under its constitution only clubs are members, and new clubs are admitted only with board approval. The people who fund this corporation therefore have no vote, no delegate, and no internal remedy.
