International Brotherhood of Electrical Workers, Local 24
Basic Information
Local 24
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 | $10,100,238 |
Total Liabilities | $35,927 |
Total Income | $5,282,659 |
Total Spent | $4,513,451 |
Total Assets Trend
Assets (Change from previous report)
Cash | $6,346,416 (+13.8%) |
Accounts Receivable | $0 (0.0%) |
Investments | $1,868,587 (+7.5%) |
Fixed Assets | $219,109 (+7.5%) |
Treasury Securities | $213,088 (-27.4%) |
Other Assets | $0 (0.0%) |
Loans Receivable | $1,453,038 (-2.1%) |
Liabilities
Loans Payable | $0 |
Accounts Payable | $0 |
Other Liabilities | $35,927 |
Mortgages | $0 |
Income
Dues | $4,422,450 |
Per Person Tax | $0 |
Investments | $667,823 |
Supplies | $14,276 |
Loan Repayment | $30,519 |
Interest | $102,897 |
Dividends | $0 |
Rents | $0 |
Fees and Fines | $11,010 |
Loans Obtained | $0 |
Other Receipts | $33,684 |
Affiliates | $0 |
Members | $0 |
Reinvestments | $0 |
All Others | $33,684 |
Source: Office of Labor Management Standards
Year Covered: 2021 • 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 2021
$4,513,451
Spending Overview
Spending Breakdown
Representational | $1,005,996 (22.29%) |
Political Activities and Lobbying | $28,283 (0.63%) |
Contributions, Gifts, and Grants | $24,804 (0.55%) |
General Overhead | $955,855 (21.18%) |
Union Administration | $257,440 (5.70%) |
Strike Benefits | $0 (0.00%) |
To Union Officers | $688,334 (15.25%) |
To Union Employees | $485,427 (10.76%) |
Education | $0 (0.00%) |
Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
2,134
Income per Member
$2,475
Dues (per Quarter)
$122
Membership Trend
Year | Members |
---|---|
2002 | 1,989 |
2003 | 1,968 |
2004 | 1,970 |
2005 | 1,986 |
2006 | 2,008 |
2007 | 2,084 |
2008 | 2,127 |
2009 | 2,234 |
2010 | 2,263 |
2011 | 2,313 |
2012 | 2,207 |
2013 | 2,154 |
2014 | 2,020 |
2015 | 1,933 |
2016 | 1,863 |
2017 | 1,892 |
2018 | 1,913 |
2019 | 1,954 |
2020 | 1,985 |
2021 | 2,134 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$59,912
Total Employees
26
Employees Making more than $75,000
11
Top Ten Highest Paid Leaders
Name | Title | Total Compensation |
---|---|---|
MICHAEL MCHALE | BUSINESS MANAGER | $133,078 |
NICK CARUSO | MEMBERSHIP DEVELOPMENT | $125,274 |
BALFOUR ALBACARYS | EXECUTIVE BOARD/MEM. DEV. | $125,057 |
JONATHAN MCLAUGHLIN | MEMBERSHIP DEVELOPMENT | $124,932 |
NICHOLAS DIMARTINO | EXAMINING BOARD/MEM. DEV. | $124,229 |
CHARLES CURRERI | PRESIDENT/ASST. BUS AGENT | $124,171 |
MICHAEL AZZARELLO | TREASURER/ASST. BUS AGENT | $122,986 |
CARMEN VOSO | ASSISTANT BUSINESS AGENT | $110,305 |
CORY MCCRAY | EXECUTIVE BOARD/MEM. DEV. | $97,395 |
PETER DEMCHUCK | FORMER BUSINESS MANAGER | $86,519 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023