But to answer the bigger question, yes, I think this was a bit weird. I was also on the board for a while, and I think we did not do a good job of reporting on and monitoring financials. This was one of my frustrations with the organization, and part of the reason I stepped down from the board (though there were other, bigger, reasons not related to the board as well).

In fact, I had made the same points as Makoto does in his blog post maybe 1-2 years earlier in a board meeting. We were running a constant deficit and we didn't seem to have a clear plan for what we would do if that continued.