Comment by Eridrus

If your event has historically gotten a lot of last minute (e.g. a month before the event) sign ups, your error bars for how underwhelming turnout is going to be might be really large until then.

Presumably when that happens you don't immediately cancel, but rather try some last ditch efforts with sponsors, vendors, etc and then you wind up 2 weeks out in a shitty situation.

Though looking at their filings, it seems like they did not adapt to reduced revenues starting in 2023, so maybe denial and an inability to cut costs is a bigger explanation: https://projects.propublica.org/nonprofits/organizations/770...

They also stopped posting audited financials around then: https://anitab.org/audited-financials