Last summer it came out that the CEO, Lawrence Hernandez, made $250,000 a year. Today's financial audit revealed the amount was actually $340,000 for a one-year period. Similar salary increases were found for the CFO, Jason Guerrero, and Lawrence's wife, Annette. The study revealed Guerrero made $321,000 and Anette Hernandez made $200,000. Additionally, the Hernandez's daughter's cell phone and hair salon expenses were charged to school accounts. Twenty-six credit cards were used by CCSN staff for a total of more than $400,000 in one year, most without proper records.
The 193 page MGT report also details that the Hernandez's had 20 relatives working for them before changes were made last fall and the Hernandez's were terminated. Numerous conflicts of interest issues were also identified. Including a corporation Dr. Hernandez established and paid himself to operate an alternative teacher licensing program.
I'll be posting more on this report in the following days.
Update: Another Pueblo Chieftain piece.