Ohio Education Association’s Finances

The Ohio Education Association managed to cut staff compensation costs by $12 million in one year. Nevertheless, its post-retirement staff liabilities amount to almost $61.7 million.

Total membership – 118,711, up 28 members

Total revenue – $60.4 million (86.2% came from member dues), down $506,000

Surplus – $6.3 million

Net assets – $45.5 million

Total staff – 221

Staff salaries and benefits – $37.2 million

Highest paid employee – Larry Wicks, former executive director – $177,876 base salary

Highest paid contractorCloppert Latanick Sauter & Washburn – $1,037,757

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