(1) has expended funds in excess of its estimated annual operating costs by more than 10 per centum or $500, whichever is greater, without the prior approval of the Secretary pursuant to the provisions of section 2285 of this title;
(2) has failed to file all reports required under the provisions of chapter 10 of title 5 or this chapter;
(3) has failed to meet for two consecutive years;
(4) is responsible for functions that otherwise would be or should be performed by Federal employees; or
(5) does not serve or has ceased to serve an essential public function.