FEGS loss grows to $482,910 for month ended Sept. 30 on zero revenue

By Caroline Salls

Pittsburgh, Oct. 27 – Federation Employment and Guidance Service, Inc. (FEGS) reported a $482,910 net loss for September on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Eastern District of New York.

In comparison, FEGS posted a $360,440 net loss for August, also on zero revenue.

The company had $3.86 million in cash and cash equivalents as of Sept. 30, down from $4.4 million at the end of August.

FEGS is a New York-based nonprofit health and human services organization that filed for bankruptcy on March 18, 2015. Its Chapter 11 case number is 15-71074.

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