Earlier quoted context omitted.
Well, your sentiment is nice and all, but you're effectively dooming every nonprofit to spectacular dissolution if their CEO decides to not answer the phone. Non-profits, you know, those things that are supposed to serve the public good? But I guess public good is on hold if the CEO goes AWOL.
Am I? This group wasn't able to separate the executive function from treasury function (despite their efforts to do so, it seems like this executive simply refused) - isn't that what caused this mess? If you structure an organization such that there is a single executive who cannot be held accountable - then your bus number is 1. Law enforcement cannot improve your bus number. It doesn't matter if your executive stea…
In this particular instance, the regulators absolutely can. If the CEO is failing to discharge their duties, they will be disposed of as a company officer, and a new officer will be installed, who can get access to bank accounts and other resources (websites, domains, taxes) backed by the force of law. Not going to regulators is what wil lead to an irrevocable failure in this instance, but it appears the volunteers have already resigned to that fate.
I find rather suspect that the CEO registered a private company with a name similar to the non-profit they already run. I don't have full context, but that alone sets off alarm bells for fraud and/or self-dealing: I'd definitely contact oversight on that basis alone, if I had standing.