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Definitely gonna take a wait and see approach on this one.
On top of that the title is misleading, if not outright a lie. The MEAC didn't lose revenue; it increased expenses. Revenue actually went up.
You are correct, but why did the expenses increase by so much while the revenue basically stayed the same??? MEAC's revenue only increased by $183,795 while its expenses increased by $2,081,208, which resulted in a net loss of $1,897,413 between the two years. This reminds me of a fraternity chapter I once was a member of in Lynchburg, VA. They would spend $2,000 to have a fundraiser to only raise $1,500. It really didn't make any sense to have a fundraiser with a net loss of $500. The title of the article should have been net losses instead of revenue when comparing 2017 to 2018.