Teamsters, Local 355
Basic Information
Local 355
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 | $2,316,302 |
| Total Liabilities | $172,357 |
| Total Income | $3,913,986 |
| Total Spent | $3,758,523 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,596,874 (+10.8%) |
| Accounts Receivable | $38,263 (-12.2%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $642,713 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $38,452 (+10.2%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $3,446,771 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $19,834 |
| Loan Repayment | $0 |
| Interest | $13,534 |
| Dividends | $0 |
| Rents | $3,600 |
| Fees and Fines | $324,864 |
| Loans Obtained | $0 |
| Other Receipts | $96,701 |
| Affiliates | $0 |
| Members | $8,682 |
| Reinvestments | $0 |
| All Others | $13,290 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
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 2019
$3,758,523
Spending Overview
Spending Breakdown
| Representational | $1,339,859 (35.65%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $8,800 (0.23%) |
| General Overhead | $512,831 (13.64%) |
| Union Administration | $298,224 (7.93%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $344,430 (9.16%) |
| To Union Employees | $747,173 (19.88%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Membership
Total Members
7,261
Income per Member
$539
Dues (per Month)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 4,178 |
| 2003 | 4,555 |
| 2004 | 5,798 |
| 2005 | 6,654 |
| 2006 | 6,354 |
| 2007 | 6,537 |
| 2008 | 6,605 |
| 2009 | 6,104 |
| 2010 | 5,820 |
| 2011 | 5,723 |
| 2012 | 5,918 |
| 2013 | 5,785 |
| 2014 | 6,114 |
| 2015 | 6,943 |
| 2016 | 5,768 |
| 2017 | 6,817 |
| 2018 | 6,975 |
| 2019 | 7,261 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Leaders & Salaries
Average Total Compensation
$74,344
Total Employees
21
Employees Making more than $75,000
12
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DAVID WHITE | SECRETARY/TREASURER | $145,496 |
| DENIS TAYLOR | PRESIDENT | $132,929 |
| WILLIAM ALEXANDER | VICE PRESIDENT | $113,955 |
| MARK GAREY | RECORDING SECRETARY | $112,879 |
| ERIC WOOD | BUSINESS AGENT | $103,766 |
| MICHAEL PETRO | BUSINESS AGENT | $102,413 |
| MARCUS SMITH | BUSINESS AGENT | $100,964 |
| JOHN CAPARATTA | BUSINESS AGENT | $100,858 |
| LLOYD ELGERT, JR. | BUSINESS AGENT | $100,761 |
| EDWIN MULFORD III | ORGANIZER | $99,807 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021