Iron Workers, Local 704
Basic Information
Local 704
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 | $1,126,575 |
| Total Liabilities | $18,963 |
| Total Income | $1,165,824 |
| Total Spent | $776,290 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $928,038 (+72.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $197,489 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $1,048 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $18,963 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $131,449 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1,448 |
| Dividends | $0 |
| Rents | $6,980 |
| Fees and Fines | $941,868 |
| Loans Obtained | $0 |
| Other Receipts | $84,079 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $84,079 |
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
$776,290
Spending Overview
Spending Breakdown
| Representational | $147,100 (18.95%) |
| Political Activities and Lobbying | $10,000 (1.29%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $113,720 (14.65%) |
| Union Administration | $91,711 (11.81%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $133,663 (17.22%) |
| To Union Employees | $50,903 (6.56%) |
| 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
503
Income per Member
$2,318
Dues (per Month)
Varies
Membership Trend
| Year | Members |
|---|---|
| 2002 | 606 |
| 2003 | 598 |
| 2004 | 558 |
| 2005 | 502 |
| 2006 | 460 |
| 2007 | 502 |
| 2008 | 502 |
| 2009 | 544 |
| 2010 | 524 |
| 2011 | 527 |
| 2012 | 510 |
| 2013 | 512 |
| 2014 | 498 |
| 2015 | 490 |
| 2016 | 509 |
| 2017 | 470 |
| 2018 | 471 |
| 2019 | 449 |
| 2020 | 442 |
| 2021 | 487 |
| 2022 | 503 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$19,901
Total Employees
12
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| SEAN KIMBALL | BUSINESS MANAGER | $100,049 |
| RYAN SCOTT | PRESIDENT | $76,773 |
| ELIZABETH MCCORKLE | OFFICE MANAGER | $60,452 |
| $1,244 | ||
| KEVIN GLASER | TRUSTEE | $293 |
| GEOFFREY MELDAHL | TRUSTEE | $0 |
| DOUG PIEPER | EXECUTIVE COMMITTEE | $0 |
| PATRICK SHARPLEY | EXECUTIVE COMMITTEE | $0 |
| PHILLIP BURNEY | RECORDING SECRETARY | $0 |
| WILLIAMS TATE | VICE PRESIDENT | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023