, Local 4950
Basic Information
Local 4950
Financial Information
The Labor-Management Reporting and Disclosure Act (LMRDA), which is enforced by the Office of Labor-Management Standards, requires labor unions to file annual reports detailing their operations. Contained in those reports are breakdowns of each union's spending, income and other financial information.
Basic Financials
| Total Assets | $1,178,484 |
| Total Liabilities | $0 |
| Total Income | $303,537 |
| Total Spent | $418,999 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $805,489 (-12.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $372,995 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $256,747 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $4,576 |
| Dividends | $0 |
| Rents | $2,050 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $36,232 |
| Affiliates | $0 |
| Members | $3,932 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Spending
The Office of Labor-Management Standards (OLMS) requires unions to report how they spent their money in a number of categories. For the first five, OLMS requires unions to provide detailed information on any recipient that received more than $5,000 per year.
Total Spent in 2022
$418,999
Spending Overview
Spending Breakdown
| Representational | $133,820 (31.94%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $10,004 (2.39%) |
| General Overhead | $90,193 (21.53%) |
| Union Administration | $165,500 (39.50%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $177,602 (42.39%) |
| To Union Employees | $42,741 (10.20%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
556
Income per Member
$546
Dues (per MONTH)
1.45%
Membership Trend
| Year | Members |
|---|---|
| 2002 | 713 |
| 2003 | 944 |
| 2004 | 777 |
| 2005 | 916 |
| 2006 | 919 |
| 2007 | 951 |
| 2008 | 1,061 |
| 2009 | 1,197 |
| 2010 | 1,193 |
| 2011 | 1,063 |
| 2012 | 1,133 |
| 2013 | 1,118 |
| 2014 | 1,052 |
| 2015 | 972 |
| 2016 | 555 |
| 2017 | 549 |
| 2018 | 563 |
| 2019 | 586 |
| 2020 | 586 |
| 2021 | 608 |
| 2022 | 556 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$18,411
Total Employees
13
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DANIEL RUOKOLAINEN | PRESIDENT | $56,988 |
| MICHAEL GRONDZ | VICE-PRESIDENT | $36,112 |
| RICHARD HELGREN | RECORDING SECRETARY | $30,704 |
| $26,876 | ||
| JOHN KORPI | CUSTODIAN | $26,036 |
| GREGORY MONTGOMERY | TRUSTEE | $22,960 |
| GRETCHEN DENNIS | FINANCIAL SECRETARY | $16,085 |
| CHAD KORPI | TREASURER | $13,584 |
| JON MONTGOMERY | TRUSTEE | $5,884 |
| TERRY BALL | TRUSTEE | $3,682 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Manufacturing | 2 |
| Personal Serv & Private Organizations | 2 |
| Health Care and Social Assistance | 1 |