Two years later, Camping’s predictive powers have been thoroughly discredited. But the financial reckoning that Tuter foresaw for Family Radio may be coming soon, according to public financial documents and current and former high-level Family Radio employees who spoke to this newspaper.

The nonprofit has sold its three largest radio stations, all cash generators. At the start of 2007, Family Radio was worth $135 million, according to its tax returns, and by the end of 2011 its net assets had dropped to $29.2 million, even though Family Radio received $85.2 million in donations over that five-year period. By the end of 2011, Family Radio reported $282,880 in cash on hand, down from $1.5 million at the start of the year and $2.5 million at the end of 2008. In 2012, records show it took out a $30 million bridge loan to keep operating while awaiting the station sales proceeds; it is not clear whether that loan has been paid off.

Former and current insiders allege the situation may be even worse than it appears, claiming donations have dropped almost 70 percent since the Rapture prediction proved incorrect, leading to numerous layoffs of longtime Family Radio staff members. Those insiders say the nonprofit mishandled the sales of the stations, reaping far less than they were worth, and is on the hook for millions of dollars to devotees who have loaned them money over the years. Since the failed prediction, at least two letters have been sent to the California Attorney General’s Office requesting an investigation into the station sales and Family Radio

More: End of the Line for Christian Radio Network That Predicted 2011 Rapture - ContraCostaTimes.com