, Local 40
Basic Information
Local 40
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 | $243,903 |
| Total Liabilities | $1,872 |
| Total Income | $1,537,791 |
| Total Spent | $1,932,553 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $135,967 (-74.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $107,936 (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 | $1,872 |
| Mortgages | $0 |
Income
| Dues | $82,533 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $146 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $1,455,112 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $56,907 |
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
$1,932,553
Spending Overview
Spending Breakdown
| Representational | $25,759 (1.33%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $13,400 (0.69%) |
| General Overhead | $40,903 (2.12%) |
| Union Administration | $59,161 (3.06%) |
| Strike Benefits | $1,785,496 (92.39%) |
| To Union Officers | $52,535 (2.72%) |
| To Union Employees | $18,867 (0.98%) |
| 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
496
Income per Member
$3,100
Dues (per month)
1.45% + .02
Membership Trend
| Year | Members |
|---|---|
| 2002 | 599 |
| 2003 | 561 |
| 2004 | 601 |
| 2005 | 641 |
| 2006 | 642 |
| 2007 | 628 |
| 2008 | 694 |
| 2009 | 659 |
| 2010 | 659 |
| 2011 | 650 |
| 2012 | 569 |
| 2013 | 566 |
| 2014 | 554 |
| 2015 | 525 |
| 2016 | 523 |
| 2017 | 493 |
| 2018 | 520 |
| 2019 | 548 |
| 2020 | 459 |
| 2021 | 437 |
| 2022 | 496 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$4,585
Total Employees
19
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CHAD THOMPSON | PRESIDENT | $24,356 |
| $22,423 | ||
| JEFFREY WATSON | FINANCIAL SECRETARY | $8,124 |
| TONY OVERBAUGH | FINANCIAL SECRETARY | $6,228 |
| GREG WINDHORST | TREASURER | $4,834 |
| GREG ELKINS | TRUSTEE | $4,381 |
| ROBERT BALL | RECORDING SECRETARY | $4,079 |
| JONATHAN NAPIER | VICE PRESIDENT | $3,705 |
| ROGER SOWARDS | GUIDE | $2,222 |
| DON RUTT | TRUSTEE | $2,185 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023