International Brotherhood of Electrical Workers, Local 704
Basic Information
Local 704
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 | $363,734 |
| Total Liabilities | $4,729 |
| Total Income | $528,501 |
| Total Spent | $509,877 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $362,443 (+5.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $1,291 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $4,729 |
| Mortgages | $0 |
Income
| Dues | $115,896 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $1,465 |
| Loan Repayment | $0 |
| Interest | $5,798 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $396,263 |
| Loans Obtained | $0 |
| Other Receipts | $9,079 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $9,079 |
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
$509,877
Spending Overview
Spending Breakdown
| Representational | $142,173 (27.88%) |
| Political Activities and Lobbying | $883 (0.17%) |
| Contributions, Gifts, and Grants | $18,782 (3.68%) |
| General Overhead | $72,756 (14.27%) |
| Union Administration | $74,734 (14.66%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $58,983 (11.57%) |
| To Union Employees | $89,664 (17.59%) |
| 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
243
Income per Member
$2,175
Dues (per year)
$528
Membership Trend
| Year | Members |
|---|---|
| 2002 | 423 |
| 2003 | 420 |
| 2004 | 420 |
| 2005 | 439 |
| 2006 | 493 |
| 2007 | 515 |
| 2008 | 541 |
| 2009 | 501 |
| 2010 | 266 |
| 2011 | 268 |
| 2012 | 245 |
| 2013 | 252 |
| 2014 | 268 |
| 2015 | 252 |
| 2016 | 224 |
| 2017 | 260 |
| 2018 | 262 |
| 2019 | 267 |
| 2020 | 271 |
| 2021 | 243 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$17,257
Total Employees
13
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| TOM TOWNSEND | BUSINESS MGR/FINANCE SEC | $88,344 |
| RACHELLE FREIBURGER | OFFICE SECRETARY | $66,948 |
| BRETT BACLICH | ORGANIZER | $66,112 |
| $2,359 | ||
| SPENCER PINS | VICE PRESIDENT | $452 |
| JIM VORMEZEELE | PRESIDENT | $128 |
| PAT SCHWAB | EXECUTIVE BOARD MEMBER | $0 |
| KEN MENKE | EXECUTIVE BOARD MEMBER | $0 |
| DAVID PREGLER | TREASURER | $0 |
| DAVE NEBEL | EXECUTIVE BOARD MEMBER | $0 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023