Some countries force Scientology to open the books: Here's one report on how bad business is - 2018-08-29

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F347.png Some countries force Scientology to open the books: Here's one report on how bad business is August 29, 2018, Tony Ortega, Underground Bunker

Once again, the Netherlands gives us a rare opportunity to see inside the financial health of a Scientology entity, in this case the Narconon Holland drug rehab center. The Netherlands is one of only a few countries that force Scientology to open their books, and once again we have numbers man John P. Capitalist giving us his analysis of what those figures mean. We asked him to look at the most recent report from the drug center for its 2017 financial year. (See John P.'s previous reports from the 2015 annual report and from 2016.)

The overall impression of the 2017 financial statement is that it was thrown together hastily without regard to whether anyone will take the information on it seriously. The 2015 document appeared to have been created by an accountant, and it had all sorts of helpful notes for understanding the details of what's going on. It was consistent with what anyone thinking of investing money or donating to a non-profit would want to see in order to feel that the information is presented fairly and accurately. The 2016 document was probably not prepared by an accountant, but it had some useful notes as to what was going on during the year.

The 2017 statement is a shoddily thrown together spreadsheet and with no explanation of any of the issues or concerns a reader of the financial statement would have. If I were a government official overseeing this organization, I would note that this almost certainly doesn't meet minimum standards of financial reporting, and I'd put them on the list of companies meriting further investigation, especially in the wake of one line item on the financial statements.

Wikipedia cite:
{{cite news | author = Tony Ortega | title = Some countries force Scientology to open the books: Here's one report on how bad business is | url = https://tonyortega.org/2018/08/29/some-countries-force-scientology-to-open-the-books-heres-one-report-on-how-bad-business-is/ | work = Underground Bunker | date = August 29, 2018 | accessdate = August 29, 2018 }}