Machinists, Lodge 602
Basic Information
Local 602
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 | $82,788 |
| Total Liabilities | $0 |
| Total Income | $33,024 |
| Total Spent | $36,702 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $18,428 (-16.6%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $29,023 (-3.2%) |
| Fixed Assets | $35,337 (-3.2%) |
| 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 | $32,715 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $179 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $130 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • 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 2022
$36,702
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $250 (0.68%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $12,642 (34.44%) |
| To Union Employees | $4,901 (13.35%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
418
Income per Member
$79
Dues (per month)
$89
Membership Trend
| Year | Members |
|---|---|
| 2002 | 360 |
| 2003 | 351 |
| 2004 | 341 |
| 2005 | 344 |
| 2006 | 349 |
| 2007 | 362 |
| 2008 | 373 |
| 2009 | 355 |
| 2010 | 270 |
| 2011 | 294 |
| 2012 | 281 |
| 2013 | 295 |
| 2014 | 304 |
| 2015 | 305 |
| 2016 | 311 |
| 2017 | 590 |
| 2018 | 533 |
| 2019 | 522 |
| 2020 | 420 |
| 2021 | 413 |
| 2022 | 418 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$1,902
Total Employees
9
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DEREK HARRIS | SECRETARY TREASURER | $3,563 |
| MIKE HELMINK | PRESIDENT | $3,549 |
| JAMES PATRICK | RECORDING SECRETARY | $2,756 |
| JAMES BARRED | TRUSTEE | $2,181 |
| WILLIAM SANDERS | CONDUCTOR SENTINEL | $1,846 |
| BRIAN JOHNSTON | TRUSTEE | $1,061 |
| MATTHEW JACKSON | VICE PRESIDENT | $1,061 |
| MICHAEL STARKE | TRUSTEE | $750 |
| SCOTT MILLS | SECRETARY TREASURER | $350 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023