International Brotherhood of Electrical Workers, Local 340
Basic Information
Local 340
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 | $9,680,316 |
| Total Liabilities | $1,452,468 |
| Total Income | $5,886,513 |
| Total Spent | $5,528,367 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $4,820,691 (+8.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $4,839,284 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $20,341 (+221.3%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $25,497 |
| Mortgages | $1,426,971 |
Income
| Dues | $1,392,532 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $7,241 |
| Loan Repayment | $0 |
| Interest | $2,186 |
| Dividends | $0 |
| Rents | $44,105 |
| Fees and Fines | $2,660,938 |
| Loans Obtained | $0 |
| Other Receipts | $144 |
| Affiliates | $1,779,367 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $144 |
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
$5,528,367
Spending Overview
Spending Breakdown
| Representational | $238,616 (4.32%) |
| Political Activities and Lobbying | $281,973 (5.10%) |
| Contributions, Gifts, and Grants | $54,605 (0.99%) |
| General Overhead | $1,155,479 (20.90%) |
| Union Administration | $229,911 (4.16%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $521,468 (9.43%) |
| To Union Employees | $357,638 (6.47%) |
| 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
2,450
Income per Member
$2,403
Dues (per MONTH)
$49
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,373 |
| 2003 | 1,490 |
| 2004 | 1,600 |
| 2005 | 2,052 |
| 2006 | 1,993 |
| 2007 | 2,008 |
| 2008 | 2,132 |
| 2009 | 2,073 |
| 2010 | 1,847 |
| 2011 | 1,904 |
| 2012 | 1,900 |
| 2013 | 1,865 |
| 2014 | 1,765 |
| 2015 | 1,960 |
| 2016 | 2,086 |
| 2017 | 2,041 |
| 2018 | 2,172 |
| 2019 | 2,401 |
| 2020 | 2,456 |
| 2021 | 2,623 |
| 2022 | 2,450 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$34,763
Total Employees
27
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| ROBERT WARD | BUSINESS MANAGER | $127,174 |
| MICHAEL FRANKLIN | BUSINESS REP | $117,997 |
| ROBERT SARAGOZA | BUSINESS REP | $107,685 |
| REYNA KWONG | OFFICE MANAGER | $75,790 |
| MARIEANNA ALVAREZ | OFFICE ADMINISTRATOR | $74,680 |
| RUSTIN JOHNSON | EXECUTIVE BOARD/BUS REP | $74,557 |
| TERESA RANEY | HEALTH & WELFARE LIASON | $68,571 |
| JUSTINE VILLASENOR | OFFICE ASSISTANT | $61,513 |
| MATTHEW NOOTENBOOM | TREASURER/BUSINESS REP | $59,497 |
| JUSTIN NEWELL | OFFICE ASSISTANT | $53,582 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023