I agree with GAW as far the the “clean slate reorganization” goes. Put them in a sort of chapter 11 where all expenses are freshly scrutinized by outsiders and new procedures put in place. Professional accountants can see things that untrained Yeshiva personnel cannot. This is not a knock on yeshiva personnel, the same way it’s not a knock that brain surgeons don’t know rocket science. It’s a completely separate discipline. Plus, old schools and businesses have a certain “set in their ways” approach, similar to old GM. A ” Chapter 11″- type approach, done with askanim and rabbonim, might save the school. I know of a yeshiva in the 5 Towns which was turned around once they brought in a professional accountant. When it’s a choice between closing down or reorganizing, it becomes a lot easier to get rid of the “chessed” employee who does nothing but waste time and get a paycheck. The OU cleaned house a few years ago. I have a relative who works in a beis Yaakov which could use a bit of a house cleaning. I hear about these batlanish employees all the time. The tzibbur has a right to make sure mamon hekdesh isn’t wasted. I have no idea what byobp is like. But I’m sure professional accountants can help like they did the other school.
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