Iron Workers, Local 401
Basic Information
Local 401
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 | $10,180,839 |
| Total Liabilities | $124,566 |
| Total Income | $3,423,570 |
| Total Spent | $3,867,041 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $8,845,711 (-4.8%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $1,313,787 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $21,341 (-18.3%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $124,566 |
| Mortgages | $0 |
Income
| Dues | $287,901 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $29,779 |
| Loan Repayment | $0 |
| Interest | $21,092 |
| Dividends | $0 |
| Rents | $135,000 |
| Fees and Fines | $2,332,626 |
| Loans Obtained | $0 |
| Other Receipts | $333,049 |
| Affiliates | $284,123 |
| Members | $0 |
| Reinvestments | $25,000 |
| 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
$3,867,041
Spending Overview
Spending Breakdown
| Representational | $1,237,939 (32.01%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $73,023 (1.89%) |
| General Overhead | $423,024 (10.94%) |
| Union Administration | $422,226 (10.92%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $434,152 (11.23%) |
| To Union Employees | $207,394 (5.36%) |
| 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
988
Income per Member
$3,465
Dues (per Month)
$33
Membership Trend
| Year | Members |
|---|---|
| 2002 | 984 |
| 2003 | 1,008 |
| 2004 | 1,021 |
| 2005 | 1,024 |
| 2006 | 1,020 |
| 2007 | 1,057 |
| 2008 | 1,100 |
| 2009 | 1,118 |
| 2010 | 1,071 |
| 2011 | 1,016 |
| 2012 | 1,010 |
| 2013 | 992 |
| 2014 | 970 |
| 2015 | 995 |
| 2016 | 1,015 |
| 2017 | 1,023 |
| 2018 | 1,039 |
| 2019 | 1,039 |
| 2020 | 1,029 |
| 2021 | 1,009 |
| 2022 | 988 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$46,041
Total Employees
23
Employees Making more than $75,000
7
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KEVIN BOYLE | BUS. MANAGER / FIN. SCTY. | $215,617 |
| TIMOTHY WHELAN | BUSINESS AGENT | $158,413 |
| WILLIAM HUNT | BUSINESS AGENT | $156,298 |
| JAMAL COLES | BUSINESS AGENT | $145,252 |
| JASON FARABAUGH | OFFICE STAFF | $128,551 |
| ANGELA DOUGHERTY | OFFICE STAFF | $88,279 |
| TINA MCCLOSKEY | OFFICE STAFF | $84,906 |
| CHARLES ROBERTS JR. | TRUSTEE | $60,335 |
| $8,961 | ||
| MICHAEL MCGROGAN | PRESIDENT | $5,687 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023