Plumbers, Local 551
Basic Information
Local 551
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 | $1,047,799 |
| Total Liabilities | $346,415 |
| Total Income | $733,773 |
| Total Spent | $750,233 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $326,347 (-4.8%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $721,452 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (-100.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $4,104 |
| Mortgages | $342,311 |
Income
| Dues | $423,427 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $2,394 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $223,000 |
| Affiliates | $84,952 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $33,041 |
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
$750,233
Spending Overview
Spending Breakdown
| Representational | $241,361 (32.17%) |
| Political Activities and Lobbying | $7,063 (0.94%) |
| Contributions, Gifts, and Grants | $7,285 (0.97%) |
| General Overhead | $62,887 (8.38%) |
| Union Administration | $77,204 (10.29%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $66,931 (8.92%) |
| To Union Employees | $59,745 (7.96%) |
| 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
215
Income per Member
$3,413
Dues (per MONTH)
$35
Membership Trend
| Year | Members |
|---|---|
| 2002 | 252 |
| 2003 | 251 |
| 2004 | 249 |
| 2005 | 250 |
| 2006 | 250 |
| 2007 | 239 |
| 2008 | 239 |
| 2009 | 230 |
| 2010 | 215 |
| 2011 | 229 |
| 2012 | 236 |
| 2013 | 218 |
| 2014 | 210 |
| 2015 | 203 |
| 2016 | 206 |
| 2017 | 205 |
| 2018 | 203 |
| 2019 | 199 |
| 2020 | 196 |
| 2021 | 213 |
| 2022 | 215 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$88,887
Total Employees
2
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| CLINT WALKER | BUSIESS MANAGER | $105,862 |
| MATTHEW MARLOW | OFFICE MANAGER | $71,911 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023