NWTF Faces Substantial Loss 
NWTF Regional Directors were told recently to expect the Federation to incur a loss of $2.5 million to $2.75 million for the current fiscal year ending August 31, 2008.
In March of 2008 NWTF Board members hostile to Rob Keck and his management team terminated without notice the employment of Chief Operating Officer, Carl Brown, and Senior Vice President, Dick Rosenlieb causing the resignation of Chief Executive Office Rob Keck. Certain members of the NWTF Board, as then constituted in the early part of ’08, were loyal to Rob Keck and his management team and worked to prevent their ouster. Those directors predicted losses in the magnitude of what NWTF now faces if the Rob Keck management team was displaced. The hostile directors went ahead in spite of this and caused removal of the Rob Keck management group on March 25 and 26. Now, these predicted losses are becoming a reality
It is likely that substantial budget reductions and cuts in programs will be necessary for the upcoming ’08-’09 fiscal year if NWTF losses are not to escalate. It can be expected that the directors now in control of the NWTF and its management will try to blame their current financial problems on Rob Keck and his management group. Rob Keck and his managers ran the NWTF for 30 years with tremendous success. During his tenure the fund balance (net worth) of the federation rose from essentially zero to $17.5 million. The hostile directors removed Rob Keck and his management team and have installed management of their choosing. This new management is on its own.