ABSTRACT
This chapter reports the financial ratios for the 53 unions over the seven two-year intervals. In each of the five reported ratios, the unions’ average performance improved comparing the end to beginning periods. The unions’ average OPCAP, which shows the capacity of the unions to fund their operating budgets with MBI, rose 12 percent over the seven intervals. Liquid ratios, on average, climbed 91 percent to over 222, meaning that the unions’ current assets tended to vastly exceed their current liabilities. The unions’ average net assets over operating budgets (SURVIVE) rose 22 percent comparing end to beginning periods to 2.85. Only seven unions had SURVIVE ratios less than 1.0 in 2018–2019. Stress is the ratio between operating budgets to current assets, meaning a higher ratio connotes more stress with less capacity to finance operations with current assets. Over the seven intervals, the average ratio fell 17 percent suggesting a generally improved financial position on this dimension. The EFFICIENCY ratio captures the ratio of MBI to administrative budget. Over the seven intervals, EFFICIENCY on average rose from 3.01 in 2006–2007 to 3.54 in 2018–2019. In 2018–2019, only one union had an EFFICIENCY ratio less than 1.0.
