Finances
The Teamsters Union is by no means a simple organization. It is a big business, surviving on the dues of its hard-working members. The Union is required each year to file a document called an "LM-2" which reports the union's most recent financial flow.
See the Teamsters' LM-2 Report
The Teamsters latest LM-2 Report states that the Union collected more than $242 million in cash receipts. Yet the Teamsters spent more than $228 million.
That's right, the Teamsters Union somehow managed to pay out 94% of the money they collected.
So, Where is the Money Going?
The chart below breaks down how the Teamsters Union spent $228,557,107.
*Other: Contributions, Gifts and Grants; Per Capita Tax; Loans Made; Strike Benefits; Fines, Fees, Assessments; Strikes for Resale; Repayment of Loans Obtained; To Affiliates of Funds Collected on Their Behalf; On Behalf of Individual Members; Withheld, but Not Disbursed.
Teamsters Union Officials
A chunk of the money is going to pay the costly salaries and expenses of top Teamsters Union officials.
The Union paid more than $36 million for the combined salaries and expenses of its officers and employees.
Teamsters Union: $228+ MILLION - Members: $0.00
The Union collected more than $228 million, but how much did it spend on behalf of individual members? Well, according to the latest LM-2, the Teamsters Union responded to this item as follows:
Source for all figures: 2024 IBT LM-2 Report
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