FEGS loss shrinks to $296,430 for month ended Dec. 31 on zero revenue

By Caroline Salls

Pittsburgh, Jan. 24 – Federation Employment and Guidance Service, Inc. (FEGS) reported a $296,430 net loss for December on zero revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of New York.

In comparison, FEGS posted a $404,262 net loss for November, also on zero revenue.

The company had $3.39 million in cash and cash equivalents as of Dec. 31, up from $3.18 million at the end of November.

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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