It’s been a tough few years for the University Co-op.
Sales have plunged by more than 25 percent since 2010 at the nonprofit bookstore that sells everything from textbooks to T-shirts. Its contributions to University of Texas programs have plummeted from $2.3 million a year to $10,000. And this year, for the first time since 1990, the century-old Co-op ran in the red.
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Andrea Ball has covered nonprofit and charitable groups for the American-Statesman since 2003. She has written extensively about financial controls, oversight and auditing of such organizations.