10/27/2023
Financials
Some love em (me ๐)
Some hate em ( OK, most of y'all)
But really, it's YOUR money.
What do we know about Local financials?
Not much
I was one of two members at the Sept meeting, the money was glossed over on a NY minute.
What can I find out?
All unions tax returns are public knowledge.
Once SSA and IRS receive them and save, they are public information.
Two non profit organizations gather, verify and present the data for public consumption.
Nation Labor and Union Facts
You may have seen the screenshots or print outs and may have heard about the turmoil at T2 about the data and the truthfulness of the content
I will help you understand.
And present the truth.
First, a bit about why I am qualified.
I do tax returns. (As do a few other members)
I am a senior tax advisor with the largest worls wide tax preparation company.
I have been to federal tax Court.
I have won my case.
I choose to work here because I love what i do.
I still do taxes . My worldwide clients follow me anywhere.
So
Our Local tax returns.
Wait, let me backtrack
In general, when a local union official is deployed to do local business, that person is taken off the floor/manning/schedule/etc.
In effect, the lose their AA wages
So, CWA can only pay them their 'lost time'
They are paid the same exact amount by CWA that they should have been paid by AA.
Plus, at year end they alse get any amount of 401k match and medical expense that is normally paid by the company.
Remember
Our wages have NOT changed since 2019.
I know we all know that if hired before that date.
Absolutely NO increase in pay
Y'all heard that on State of the Airline when Deb, prez of Local 6001 asked for more pay and Isom declined. Grrrr
So
Anybody with 11 years or more should have NO change in pay.
However,
Our tax returns show otherwise
Prez
2020 $81,279
2021 $92,540
2022 $83,200
Per contract, top out pay is $70,720
$32/hr + CSC premium of $2/hr
Math:
$32/hr x 40 hr/wk plus $2 = $70,720
Huh
Add in 401k match max $2475
Max 73,195
Toss in the cost of Healthcare , maybe 5k more.
If I, as a CSC worked just my normal hours, the max pay is $70,720.
How the heck is the prez paid more?
Even if you add in$5k for medical and 401k
NOTHING CLOSE TO $91K
To hear that your elected leader ranted and said that the numbers were a lie presents two problems.
1. She wasn't paid that much and the tax retirn is a lie. Oops, you signed it, you put your personal home address on the tax return.
2. She was paid that much and she was paid more than she was supposed to.
Why?
Either way, my fellow members, you should nebacared
And careful.
And angry.
Very angry
The rant the previous week at T2 was Conduct Unbecoming
It was inappropriate
It was unwarranted
More:
Reimbursements for 2022 were $41,509
Huh???
official business of $ 14, 002
Other pay $27,507
For what?
Without accurate financial data presented to the members, all we can do is wonder....
What the Heck is being done with my dues?!?!?
Moreover....2022 data
Income 489,252
Expenses 611,406
Mind blown ๐ณ
OK, we had some $ banked, but really?!?!
We overspend Income by over $110,000!!!
Without detailed reports we do not know where it's being spent.
Or why.
I intend to have absolute clarity of finances
You should demand it!
https://www.unionfacts.com/lu/541945/CWA/3140/ -tab
In 2022
Sent from Yahoo Mail on Android
The Office of Labor-Management Standards (OLMS) conducts investigations to determine if violations of the Labor-Management Relations and Disclosure Act (LMRDA) provisions have occurred.