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Union Facts

Iron Workers, Local 40

Basic Information

Local 40

Quick Facts

Address

IRON WORKERS
451 PARK AVENUE S
NEW YORK, NY 10016

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 $54,234,603
Total Liabilities $0
Total Income $7,587,759
Total Spent $6,501,904

Total Assets Trend

Assets (Change from previous report)

Cash $23,417,265 (+4.9%)
Accounts Receivable $0 (0.0%)
Investments $30,817,338 (+3.5%)
Fixed Assets $0 (+3.5%)
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 $864,940
Per Person Tax $0
Investments $0
Supplies $56,701
Loan Repayment $0
Interest $2,170
Dividends $1,242,433
Rents $0
Fees and Fines $5,163,289
Loans Obtained $0
Other Receipts $174,467
Affiliates $39,359
Members $44,400
Reinvestments $120,112
All Others $119,193

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.

Spending Overview

Spending Breakdown

Representational $964,271 (14.83%)
Political Activities and Lobbying $0 (0.00%)
Contributions, Gifts, and Grants $1,082,691 (16.65%)
General Overhead $802,817 (12.35%)
Union Administration $226,615 (3.49%)
Strike Benefits $0 (0.00%)
To Union Officers $551,782 (8.49%)
To Union Employees $87,744 (1.35%)
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

Membership Trend

YearMembers
20021,372
20031,423
20041,433
20051,450
20061,464
20071,459
20081,615
20091,588
20101,595
20111,767
20121,788
20131,790
20141,767
20151,793
20162,103
20172,092
20182,034
20192,075
20202,104
20212,166
20222,172

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
ROBERT WALSHFIN SEC-TREA/BUS MGR$382,350
CHRISTOPHER WALSHRECORD SEC/BUSINESS REP$350,985
DANIEL DOYLEPRESIDENT/BUSINESS AGENT$350,937
AGNES DALYOFFICE MANAGER$143,514
ELIZABETH CORRIGANSTAFF MEMBER$101,878
WARREN ALLENVICE PRESIDENT$5,743
STEVEN KENNEDYTRUSTEE$3,900
MARK DONNELLYTRUSTEE$3,900
KEVIN SABBAGHTRUSTEE$3,900
NEVILLE SADLEREXAMINING BOARD$3,893

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Recent Contract Negotiations

Map of recent contract negotiations
IndustryContracts
Construction1