Asbestos Workers, Local 55
Basic Information
Local 55
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 | $129,180 |
| Total Liabilities | $0 |
| Total Income | $298,036 |
| Total Spent | $323,245 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $84,590 (-23.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $44,590 (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 | $0 |
| Mortgages | $0 |
Income
| Dues | $280,029 |
| Per Person Tax | $12,194 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $3 |
| Dividends | $0 |
| Rents | $5,350 |
| Fees and Fines | $460 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
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
$323,245
Spending Overview
Spending Breakdown
| Representational | $50,526 (15.63%) |
| Political Activities and Lobbying | $3,947 (1.22%) |
| Contributions, Gifts, and Grants | $789 (0.24%) |
| General Overhead | $119,133 (36.86%) |
| Union Administration | $45,179 (13.98%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $78,948 (24.42%) |
| To Union Employees | $55,561 (17.19%) |
| 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
259
Income per Member
$1,151
Dues (per hour a month)
7%
Membership Trend
| Year | Members |
|---|---|
| 2002 | 89 |
| 2003 | 85 |
| 2004 | 67 |
| 2005 | 67 |
| 2006 | 71 |
| 2007 | 92 |
| 2008 | 92 |
| 2009 | 80 |
| 2010 | 85 |
| 2011 | 88 |
| 2012 | 92 |
| 2013 | 113 |
| 2014 | 208 |
| 2015 | 195 |
| 2016 | 186 |
| 2017 | 490 |
| 2018 | 478 |
| 2019 | 293 |
| 2020 | 213 |
| 2021 | 237 |
| 2022 | 259 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$22,418
Total Employees
6
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| BERRY MEAD | BA, BM | $64,827 |
| CYNTHIA RABY | OFFICE SECRETARY | $55,561 |
| DURWARD FLEMING | PRESIDENT | $14,121 |
| ALBERT JOHNSON | SERGEANT AT ARMS | $0 |
| TAMMY YARNELL | VICE PRESIDENT | $0 |
| THOMAS NOBLES | SECRETARY/TREASURER | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023