Iron Workers, Local 553
Basic Information
Local 553
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 | $3,530 |
| Total Liabilities | $0 |
| Total Income | $20,090 |
| Total Spent | $18,157 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $3,530 (+121.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (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 | $19,845 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $245 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2015 • Last Updated: November 15th, 2016
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 2015
$18,157
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 | $3,975 (21.89%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $1,300 (7.16%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2015 • Last Updated: November 15th, 2016
Membership
Total Members
45
Income per Member
$446
Dues (per month)
$31
Membership Trend
| Year | Members |
|---|---|
| 2002 | 65 |
| 2003 | 56 |
| 2004 | 55 |
| 2005 | 76 |
| 2006 | 83 |
| 2007 | 80 |
| 2008 | 79 |
| 2009 | 59 |
| 2010 | 52 |
| 2011 | 49 |
| 2012 | 60 |
| 2013 | 55 |
| 2014 | 45 |
| 2015 | 45 |
Source: Office of Labor Management Standards
Year Covered: 2015 • Last Updated: November 15th, 2016
Leaders & Salaries
Average Total Compensation
$361
Total Employees
11
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RODGER LUNDIN | FIN SEC TREAS | $1,210 |
| TOM VANVALKENBURG | PRES | $900 |
| TYLER WILLIAMS | FIN SEC TREAS | $800 |
| REGGIE JACKSON | VP | $385 |
| JACK WILLIAMS | REC SEC | $320 |
| MARSHALL BARNES | EBD | $210 |
| RICHARD PHILLIPS | EBD | $120 |
| RAY CULLIVER | EBD | $30 |
| PETE OBRADOVICH | SGT AT ARMS | $0 |
| REX SALES | EBD | $0 |
Source: Office of Labor Management Standards
Year Covered: 2015 • Last Updated: November 15th, 2016