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 | $3,486,418 |
| Total Liabilities | $30,191 |
| Total Income | $2,749,050 |
| Total Spent | $2,713,155 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $883,016 (+4.2%) |
| Accounts Receivable | $307,952 (-3.9%) |
| Investments | $1,885,821 (+23.4%) |
| Fixed Assets | $398,946 (+23.4%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $10,683 (-26.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $30,191 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $1,813,463 |
| Per Person Tax | $0 |
| Investments | $431,313 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $48,496 |
| Dividends | $0 |
| Rents | $39,250 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $416,528 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $10,369 |
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.
Total Spent in 2019
$2,713,155
Spending Overview
Spending Breakdown
| Representational | $1,017,139 (37.49%) |
| Political Activities and Lobbying | $48,282 (1.78%) |
| Contributions, Gifts, and Grants | $39,038 (1.44%) |
| General Overhead | $375,308 (13.83%) |
| Union Administration | $41,761 (1.54%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $20,163 (0.74%) |
| To Union Employees | $789,666 (29.11%) |
| 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
Total Members
4,816
Income per Member
$571
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 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Leaders & Salaries
Average Total Compensation
$53,298
Total Employees
21
Employees Making more than $75,000
5
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| NORMAN SHREVE | DIRECTING BUSINESS MGR | $213,198 |
| CHRISTOPHER WALSH | BUSINESS REPRESENTATIVE | $154,742 |
| CRISTINO VILORIO | BUSINESS REPRESENTATIVE | $151,154 |
| ROBERT PAESE | BUSINESS REPRESENTATIVE | $143,118 |
| KEVIN DIAZ | BUSINESS REPRESENTATIVE | $119,428 |
| KATHERINE KLEE | ADMINISTRATIVE | $57,725 |
| BRENDAN SEXTON | BUSINESS REPRESENTATIVE | $56,638 |
| PERRY ESPOSITO | BUSINESS REPRESENTATIVE | $52,710 |
| EISLYNN MAZZALLA | ADMINISTRATIVE | $48,157 |
| MICHAEL DICOCCO | BUSINESS REPRESENTATIVE | $38,588 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021