Transit Union, Local Division 540
Basic Information
Local 540
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 | $21,118 |
| Total Liabilities | $0 |
| Total Income | $127,069 |
| Total Spent | $117,878 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $21,118 (+77.1%) |
| 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 | $121,864 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $5 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $5,200 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
Source: Office of Labor Management Standards
Year Covered: 2018 • 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 2018
$117,878
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 | $31,221 (26.49%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $12,221 (10.37%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2018 • Last Updated: June 12th, 2023
Membership
Total Members
172
Income per Member
$739
Dues (per 0)
$59
Membership Trend
| Year | Members |
|---|---|
| 2002 | 166 |
| 2003 | 170 |
| 2004 | 177 |
| 2005 | 173 |
| 2006 | 181 |
| 2007 | 213 |
| 2008 | 218 |
| 2009 | 225 |
| 2010 | 218 |
| 2011 | 213 |
| 2012 | 216 |
| 2013 | 224 |
| 2014 | 220 |
| 2015 | 220 |
| 2016 | 200 |
| 2017 | 175 |
| 2018 | 172 |
Source: Office of Labor Management Standards
Year Covered: 2018 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$5,339
Total Employees
9
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KENNETH RICE, SR | PRESIDENT | $16,445 |
| DARRYL WILLIAMS | EXECUTIVE BOARD OPERATION | $7,118 |
| YAVONE THURMON | FINANCIAL SECRETARY | $7,004 |
| LEE INGRAM | VICE PRESIDENT | $6,929 |
| MICHAEL DERTOUZOS | EXECUTIVE BOARD GARAGE | $5,987 |
| ABDUL MOMOH | RECORDING SECRETARY | $3,750 |
| MARTIN KLAPA | RECORDING SECRETARY | $359 |
| STEVEN CAMPBELL | VICE PRESIDENT | $232 |
| COREY HAMILTON | EXECUTIVE BOARD | $225 |
Source: Office of Labor Management Standards
Year Covered: 2018 • Last Updated: June 12th, 2023