, Local 505
Basic Information
Local 505
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 | $23,810 |
| Total Liabilities | $0 |
| Total Income | $29,538 |
| Total Spent | $33,252 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $7,847 (-32.1%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $15,963 (-16.0%) |
| Fixed Assets | $0 (-16.0%) |
| 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 | $28,961 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $2 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $575 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2021 • 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 2021
$33,252
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $26,338 (79.21%) |
| To Union Employees | $2,396 (7.21%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
74
Income per Member
$399
Dues (per hr)
1.45%
Membership Trend
| Year | Members |
|---|---|
| 2002 | 132 |
| 2003 | 135 |
| 2004 | 126 |
| 2005 | 90 |
| 2006 | 92 |
| 2007 | 99 |
| 2008 | 105 |
| 2009 | 98 |
| 2010 | 98 |
| 2011 | 92 |
| 2012 | 94 |
| 2013 | 92 |
| 2014 | 86 |
| 2015 | 91 |
| 2016 | 93 |
| 2017 | 94 |
| 2018 | 104 |
| 2019 | 79 |
| 2020 | 60 |
| 2021 | 74 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$3,763
Total Employees
7
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| AARON LANGAGER | FINC. SECRETARY | $9,175 |
| MARTIN RUIZ | PRESIDENT | $4,856 |
| ADAM WERNER | REC. SECRETARY | $4,286 |
| NATE GROTZINGER | VICE-PRESIDENT | $2,136 |
| JON SEEWALD | COMMITTEE | $2,067 |
| JEFF OLSON | COMMITTEE | $1,965 |
| MIKE CRONK | COMMITTEE | $1,853 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023