International Brotherhood of Electrical Workers, Local 972
Basic Information
Local 972
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 | $2,313,793 |
| Total Liabilities | $9,861 |
| Total Income | $769,049 |
| Total Spent | $793,319 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $86,945 (-21.8%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $2,045,821 (-12.6%) |
| Fixed Assets | $52,656 (-12.6%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $128,371 (+19.3%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $9,861 |
| Mortgages | $0 |
Income
| Dues | $658,211 |
| Per Person Tax | $0 |
| Investments | $100,000 |
| Supplies | $126 |
| Loan Repayment | $3,000 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $7,712 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $2,014 |
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
$793,319
Spending Overview
Spending Breakdown
| Representational | $289,296 (36.47%) |
| Political Activities and Lobbying | $4,565 (0.58%) |
| Contributions, Gifts, and Grants | $4,377 (0.55%) |
| General Overhead | $153,500 (19.35%) |
| Union Administration | $28,179 (3.55%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $161,599 (20.37%) |
| To Union Employees | $47,778 (6.02%) |
| 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
265
Income per Member
$2,902
Dues (per month)
$40
Membership Trend
| Year | Members |
|---|---|
| 2002 | 190 |
| 2003 | 201 |
| 2004 | 210 |
| 2005 | 202 |
| 2006 | 205 |
| 2007 | 203 |
| 2008 | 225 |
| 2009 | 217 |
| 2010 | 222 |
| 2011 | 219 |
| 2012 | 218 |
| 2013 | 221 |
| 2014 | 229 |
| 2015 | 242 |
| 2016 | 237 |
| 2017 | 242 |
| 2018 | 241 |
| 2019 | 235 |
| 2020 | 239 |
| 2021 | 259 |
| 2022 | 265 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$44,912
Total Employees
7
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| TROY FERRELL | BUSINESS MANAGER | $122,705 |
| RYAN DYAR | ORGANIZER | $99,200 |
| SUSAN HUCK | OFFICE ADMINISTRATOR | $63,290 |
| JOSEPH BUCEY | ORGANIZER | $25,704 |
| NICHOLE BURCHETT | PRESIDENT/SECRETARY | $1,834 |
| JOSHUA GIFFIN | SECRETARY | $825 |
| RAYMOND PECKENS | PRESIDENT | $823 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023