Machinists, Lodge 447
Basic Information
Local 447
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 | $4,070,445 |
| Total Liabilities | $26,337 |
| Total Income | $2,973,025 |
| Total Spent | $3,514,698 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $995,005 (-35.2%) |
| Accounts Receivable | $300,321 (+13.3%) |
| Investments | $2,110,068 (+38.9%) |
| Fixed Assets | $649,008 (+38.9%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $16,043 (+8.9%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $26,337 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $1,559,747 |
| Per Person Tax | $0 |
| Investments | $966,915 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $54,948 |
| Dividends | $0 |
| Rents | $34,320 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $357,095 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $9,907 |
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
$3,514,698
Spending Overview
Spending Breakdown
| Representational | $989,400 (28.15%) |
| Political Activities and Lobbying | $47,318 (1.35%) |
| Contributions, Gifts, and Grants | $24,495 (0.70%) |
| General Overhead | $321,863 (9.16%) |
| Union Administration | $44,770 (1.27%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $10,896 (0.31%) |
| To Union Employees | $778,854 (22.16%) |
| 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
5,515
Income per Member
$539
Dues (per Month)
2.5X Hourly Rate
Membership Trend
| Year | Members |
|---|---|
| 2002 | 6,944 |
| 2003 | 6,815 |
| 2004 | 7,342 |
| 2005 | 6,631 |
| 2006 | 6,896 |
| 2007 | 6,926 |
| 2008 | 6,258 |
| 2009 | 6,216 |
| 2010 | 6,051 |
| 2011 | 5,625 |
| 2012 | 5,906 |
| 2013 | 5,676 |
| 2014 | 6,626 |
| 2015 | 5,968 |
| 2016 | 7,971 |
| 2017 | 8,360 |
| 2018 | 8,184 |
| 2019 | 4,816 |
| 2020 | 5,708 |
| 2021 | 5,515 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$59,454
Total Employees
19
Employees Making more than $75,000
7
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CRISTINO VILORIO | BUSINESS REPRESENTATIVE | $155,136 |
| CHRISTOPHER WALSH | BUSINESS REPRESENTATIVE | $150,401 |
| ROBERT PAESE | BUSINESS REPRESENTATIVE | $150,163 |
| KEVIN DIAZ | BUSINESS REPRESENTATIVE | $137,735 |
| MARY RAMIREZ | BUSINESS REPRESENTATIVE | $114,916 |
| MICHAEL DICOCCO | BUSINESS REPRESENTATIVE | $93,461 |
| BRENDAN SEXTON | BUSINESS REPRESENTATIVE | $85,120 |
| KATHERINE KLEE | OFFICE STAFF | $63,096 |
| NORMAN SHREVE | BUSINESS REPRESENTATIVE | $59,422 |
| EVELYN PERDOMO | OFFICE STAFF | $54,304 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023