Over the last 15 years, the California Nurses Association has taken almost a billion dollars out of the pockets of working nurses. A review of CNA’s tax forms shows each year the union has dramatically more total revenue than total expenses, which seem like the “profits” we hear are supposed to be ‘bad’. In fact, CNA has more than $175 million in net assets – more than an entire year of dues collection.
So why are CNA’s union dues so high?
Since 2002, CNA has had an annual “profit margin” of 18% – much more than any ‘for profit’ hospital system:
At the same time, union dues have nearly tripled – and not because the union is short of money:
According to an article in CalMatters, DeMoro and her husband personally pocket CEO-level salaries from the union’s dues: “The couple lives in Napa, and together drew nearly $700,000 in salary and benefits in 2014, according to the union’s most recent tax filings.”
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RoseAnn DeMoro has personally received more than $4.5 million out of nurses’ pockets since 2001 – and that’s not counting her husband’s second union salary.
The amount which total revenue exceeded total expenses in 2011.
Why is CNA stock-piling hard earned money and where are they spending it? We need to ask ourselves why dues are being increased year after year and who benefits?