And lets remember that the organization did not yet have debt owed to outside parties. Though not having a cash reserve is a dire situation to be in, it is potentially reversible. As described by Kate in her posting, other income streams were healthy, even though state funding had been cut. With some revamping of programs, it would have been possible for the organization to pull through. However, I don't know if the board members as they are described in the case study would have been dedicated enough to help staff pull off the necessary fundraising. A similar board meeting, with more burnt out staff and board, dealing with greater debt at hand, would possibly take place in the near future.