Laborers, Local 703
Basic Information
Local 703
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 | $2,876,679 |
| Total Liabilities | $79,089 |
| Total Income | $1,728,493 |
| Total Spent | $1,752,830 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,968,182 (-1.2%) |
| Accounts Receivable | $125,612 (-23.5%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $782,045 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $840 (-63.9%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $1,548,138 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $631 |
| Loan Repayment | $0 |
| Interest | $2,167 |
| Dividends | $0 |
| Rents | $5,974 |
| Fees and Fines | $43,576 |
| Loans Obtained | $0 |
| Other Receipts | $15,897 |
| Affiliates | $112,110 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $15,897 |
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
$1,752,830
Spending Overview
Spending Breakdown
| Representational | $392,234 (22.38%) |
| Political Activities and Lobbying | $40,679 (2.32%) |
| Contributions, Gifts, and Grants | $141,049 (8.05%) |
| General Overhead | $206,557 (11.78%) |
| Union Administration | $68,137 (3.89%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $247,755 (14.13%) |
| To Union Employees | $44,599 (2.54%) |
| 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
863
Income per Member
$2,003
Dues (per MONTH)
$38
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,045 |
| 2003 | 1,025 |
| 2004 | 1,115 |
| 2005 | 1,095 |
| 2006 | 1,076 |
| 2007 | 1,080 |
| 2008 | 1,136 |
| 2009 | 1,107 |
| 2010 | 1,106 |
| 2011 | 1,081 |
| 2012 | 1,049 |
| 2013 | 866 |
| 2014 | 923 |
| 2015 | 934 |
| 2016 | 1,042 |
| 2017 | 1,060 |
| 2018 | 1,039 |
| 2019 | 1,027 |
| 2020 | 846 |
| 2021 | 871 |
| 2022 | 863 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$33,878
Total Employees
13
Employees Making more than $75,000
3
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RUSTY DAVENPORT | BUSINESS MANAGER | $127,019 |
| TODD SMITH | PRESIDENT/FIELD REP | $123,305 |
| SHANE ATER | AUDITOR/FIELD REP | $110,180 |
| HEATHER STONE | STAFF | $61,523 |
| $4,285 | ||
| KENNETH HILLIARD JR | EXECUTIVE BOARD | $2,400 |
| LAWRENCE WELCH | RECORDING SECRETARY | $2,400 |
| ROBERT DIETZEN JR | EXECUTIVE BOARD | $2,200 |
| KIRK MILLER | SECRETARY/TREASURER | $2,200 |
| RYAN PERRING | VICE PRESIDENT | $2,000 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023