It is now almost seven years since the Indiana State Teachers Association’s insurance trust collapsed. In that time the union has taken multiple measures to get out from under but financially it is still an NEA dependency. The national union owns the ISTA headquarters building, and ISTA still owed NEA $12.6 million as of 2014.
The numbers below show an improved bottom line, but much of that is due to $2.4 million in “project income” from NEA. ISTA has lost more than 12,000 members since 2009.
Total membership – 41,016, down 3,700 members
Total revenue – $23.2 million (73.3% came from member dues), up $1.6 million
Surplus – $5.4 million
Net assets – negative $8 million
Total staff – 73
Staff salaries and benefits – $8.7 million
Highest paid employee – Brenda Pike, executive director – $168,000 base salary
Highest paid contractor – Riley Bennet and Egloff – $585,355