International Brotherhood of Electrical Workers, Local 343
Basic Information
Local 343
Financial Information
The Labor-Management Reporting and Disclosure Act (LMRDA), which is enforced by the Office of Labor-Management Standards, requires labor unions to file annual reports detailing their operations. Contained in those reports are breakdowns of each union's spending, income and other financial information.
Basic Financials
| Total Assets | $7,976,733 |
| Total Liabilities | $6,949 |
| Total Income | $3,316,014 |
| Total Spent | $3,293,036 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,936,375 (+1.2%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $4,308,645 (+16.3%) |
| Fixed Assets | $1,679,713 (+16.3%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $52,000 (+6.1%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $6,949 |
| Mortgages | $0 |
Income
| Dues | $3,055,300 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $3,526 |
| Loan Repayment | $0 |
| Interest | $1,735 |
| Dividends | $162,921 |
| Rents | $68,105 |
| Fees and Fines | $15,320 |
| Loans Obtained | $0 |
| Other Receipts | $9,107 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $688,931 |
| All Others | $9,107 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Spending
The Office of Labor-Management Standards (OLMS) requires unions to report how they spent their money in a number of categories. For the first five, OLMS requires unions to provide detailed information on any recipient that received more than $5,000 per year.
Total Spent in 2022
$3,293,036
Spending Overview
Spending Breakdown
| Representational | $912,125 (27.70%) |
| Political Activities and Lobbying | $11,553 (0.35%) |
| Contributions, Gifts, and Grants | $10,192 (0.31%) |
| General Overhead | $310,532 (9.43%) |
| Union Administration | $223,840 (6.80%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $197,865 (6.01%) |
| To Union Employees | $433,210 (13.16%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
988
Income per Member
$3,356
Dues (per MONTH)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 990 |
| 2003 | 990 |
| 2004 | 984 |
| 2005 | 934 |
| 2006 | 949 |
| 2007 | 983 |
| 2008 | 987 |
| 2009 | 980 |
| 2010 | 947 |
| 2011 | 886 |
| 2012 | 856 |
| 2013 | 836 |
| 2014 | 828 |
| 2015 | 857 |
| 2016 | 878 |
| 2017 | 912 |
| 2018 | 980 |
| 2019 | 991 |
| 2020 | 1,014 |
| 2021 | 979 |
| 2022 | 988 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$46,576
Total Employees
19
Employees Making more than $75,000
5
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CHAD KATZUNG | BUSINESS MGR/FIN SEC | $142,166 |
| JUSTIN DRESCHER | BUSINESS REPRESENTATIVE | $130,082 |
| JAMES BACKUS | BUSINESS REPRESENTATIVE | $128,196 |
| DEAN HOGSTAD | BUSINESS REPRESENTATIVE | $127,971 |
| SHANE MEIER | RECORD SEC/BUSINESS REP | $100,582 |
| COLLEEN MARKS | CLERICAL | $62,883 |
| BONNIE HINKLE | CLERICAL | $62,168 |
| BROOKE BLY | CLERICAL | $55,953 |
| THEODORE SAUER | BUSINESS REPRESENTATIVE | $21,912 |
| TOM SMALL | TREASURER | $8,341 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023