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Using a company or nonprofit

Using a company or nonprofit organization's credit card is in effect obligating the organization to repay a debt. It is basically borrowing money in the organization's name. For Mr. Hinnant to say he doesn't feel using the organizations funds for personal reasons is wrong (even if he pays it back) shows complete unprofessionalism on his part. I can't believe he would actually say that on camera.

I am an auditor (CPA) who investigated similar presonal uses of a company card at a Charlotte nonprofit. In this case, the executive director was fired by the Board of Diectors after the investigation.

The bigger question is why Mr. Hinnant used the company card in the first place. Does he not have a credit card of his own? Does he not have a personal debit card or checkbook? Are his personal finances in such a position that he has to "float" himself a loan on the organization's credit card to make it to payday? If so, should he really be in a position where he is in charge of WDI's finances? Cases like these demand investigating to determine whether fraud has occurred. Using company funds for personal reasons is a huge red flag. WDI's auditors will have a field day with this.


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