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My understanding is that what distinguishes nonprofits from "non-nonprofits" is not whether or not they can make a profit, but what has to happen with those profits. Nonprofits are prohibited from distributing profits to the owners (i.e., a non-profit can't pay a dividend). All revenue must be earmarked for the organization's mission (and often owners pay themselves a handsome "salary" in lieu of being paid dividends).
As a business university dean once told me, "these companies may be non-profits, but they certainly aren't for making losses".
Bottom line is that non-profits can be very profitable indeed.
I personally don't have any problem with an organization the size of NTM having a few million "invested". Otherwise, what is being said is that NTM should not be allowed to have any cash or that, if it has cash, it has to sit on that cash without earning some return on the cash. NTM has deferred liabilities, contractual obligations, operational expenses, and risks for which it needs sufficient cash cover.
However, NTM needs to be honest when it solicits funds.
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