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Union Facts

Iron Workers, Local 498

Basic Information

Local 498

Quick Facts

Address

IRON WORKERS
5640 SOCKNESS DR
ROCKFORD, IL 611096306

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 $1,490,457
Total Liabilities $49,739
Total Income $1,305,084
Total Spent $1,078,308

Total Assets Trend

Assets (Change from previous report)

Cash $732,383 (+44.9%)
Accounts Receivable $73,465 (-12.8%)
Investments $0 (0.0%)
Fixed Assets $684,609 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $0 (0.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $0
Accounts Payable $49,179
Other Liabilities $560
Mortgages $0

Income

Dues $1,099,968
Per Person Tax $0
Investments $0
Supplies $3,726
Loan Repayment $0
Interest $63
Dividends $0
Rents $50,420
Fees and Fines $2,760
Loans Obtained $0
Other Receipts $36,482
Affiliates $81,069
Members $30,596
Reinvestments $0
All Others $8,383

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

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 $125,022 (11.59%)
Political Activities and Lobbying $5,411 (0.50%)
Contributions, Gifts, and Grants $23,195 (2.15%)
General Overhead $136,177 (12.63%)
Union Administration $209,429 (19.42%)
Strike Benefits $0 (0.00%)
To Union Officers $178,059 (16.51%)
To Union Employees $63,125 (5.85%)
Education $0 (0.00%)
Fees $0 (0.00%)

Search All Spending

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Membership

Membership Trend

YearMembers
2002382
2003399
2004384
2005377
2006374
2007367
2008384
2009370
2010345
2011333
2012316
2013298
2014287
2015281
2016291
2017288
2018285
2019296

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
MARK RICHESONBUS MGR/FIN SEC/TREAS$125,603
BEN SCROGGINSPRESIDENT/ORGANIZER$96,643
EVA MEINENOFFICE MANAGER$51,037
NADA SARKISFORMER OFFICE MANAGER$15,312
PENNY FUEHRERFORMER OFFICE MANAGER$11,343
$2,400
KEITH GAHLRECORDING SECRETARY$588
RICH ATKINSEXEC COMM/EXAM COMM$360
NICK HELMEXECUTIVE COMMITTEE$330
MARK WHITFORDEXECUTIVE COMMITTEE$330

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Recent Contract Negotiations

Map of recent contract negotiations
IndustryContracts
Construction1