Unions are by no means simple organizations. The NNU is a big business, surviving on the dues of its hard-working members. The NNU is required each year to file a document called an "LM-2" which reports the union's most recent financial flow.
See the latest NNU LM-2 report.
In 2019, NNU reported that the union collected more than $15.1 million in cash receipts.Yet the Union spent more than $13.3 million.
That's right, the NNU somehow managed to pay out 88% of the money it collected.
NNU: $15+ Million - MEMBERS: ???
The NNU collected more than $15 million but, how much did the Union spend on behalf of individual members? Well, according to the latest LM-2, NNU responded to this item as follows:
$1,376 divided by 130,515 members is just $0.01 per member.
So, where is the money going?
A chunk of the money is paying top union official salaries and costly operating expenses. NNU paid over $2 million for the combined salaries and expenses of its officers and employees.
Take a look at the chart below which breaks down how NNU spent over $13 million.
*Other: Contributions, Gifts, and Grants; Strike Benefits; Fines, Fees, and Assessments; Supplies for Resale; Purchase of Investments & Fixed Assets; Loans Made; Repayment of Loans Obtained; To Affiliates of Funds Collected on Their Behalf; On Behalf of Individual Members; Withheld but Not Disbursed
Source: 2018-19 NNU LM-2 Report