Iron Workers, Local 502
Basic Information
Local 502
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 | $13,479 |
| Total Liabilities | $0 |
| Total Income | $236,566 |
| Total Spent | $269,766 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $12,629 (-72.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $850 (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 | $226,314 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $45 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $4,207 |
| Affiliates | $6,000 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $4,207 |
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
$269,766
Spending Overview
Spending Breakdown
| Representational | $64,382 (23.87%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $35,024 (12.98%) |
| Union Administration | $32,712 (12.13%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $70,880 (26.27%) |
| To Union Employees | $0 (0.00%) |
| 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
460
Income per Member
$514
Dues (per Month)
$61
Membership Trend
| Year | Members |
|---|---|
| 2002 | 650 |
| 2003 | 510 |
| 2004 | 510 |
| 2005 | 586 |
| 2006 | 721 |
| 2007 | 718 |
| 2008 | 722 |
| 2009 | 645 |
| 2010 | 560 |
| 2011 | 626 |
| 2012 | 590 |
| 2013 | 580 |
| 2014 | 605 |
| 2015 | 670 |
| 2016 | 625 |
| 2017 | 604 |
| 2018 | 535 |
| 2019 | 529 |
| 2020 | 489 |
| 2021 | 486 |
| 2022 | 460 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$8,800
Total Employees
11
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DONALD WANAMAKER | BUS. MANAGER / FIN. SCTY. | $86,726 |
| JOHN O'ROURKE | PRESIDENT/WELFARE TRUSTEE | $2,642 |
| PATRICK CARLIN | EXEC BOARD | $1,637 |
| MICHAEL FANIA | EXEC BAORD | $1,551 |
| ARTHUR MCLAUGHLIN | VICE PRESIDENT | $1,390 |
| ALEXANDER PATRICK | EXEC BAORD | $900 |
| CHRISTOPHER HESTON | EXEC BD | $900 |
| STEVEN CARLBERG | EXEC BD | $450 |
| BRIAN RODE | EXEC BOARD | $450 |
| JAMES EVAN | EXEC BOARD | $150 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Manufacturing | 53 |
| Service | 3 |
| Construction | 2 |
| Retail Sales / Distribution / Warehousing (Includes Food) | 1 |