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Union Facts

Iron Workers, Local 424

Basic Information

Local 424

Quick Facts

Address

IRON WORKERS
15 BERNHARD ROAD
NORTH HAVEN, CT 6473

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 $1,285,888
Total Liabilities $135,722
Total Income $1,210,441
Total Spent $1,202,348

Total Assets Trend

Assets (Change from previous report)

Cash $513,147 (+1.6%)
Accounts Receivable $110,160 (+10.9%)
Investments $0 (0.0%)
Fixed Assets $619,476 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $43,105 (+446.0%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $46,288
Accounts Payable $78,382
Other Liabilities $11,052
Mortgages $0

Income

Dues $116,734
Per Person Tax $0
Investments $0
Supplies $100
Loan Repayment $0
Interest $510
Dividends $0
Rents $100,571
Fees and Fines $651,274
Loans Obtained $53,607
Other Receipts $4,718
Affiliates $4,400
Members $278,527
Reinvestments $0
All Others $4,718

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.

Spending Overview

Spending Breakdown

Representational $25,482 (2.12%)
Political Activities and Lobbying $32,977 (2.74%)
Contributions, Gifts, and Grants $29,304 (2.44%)
General Overhead $242,393 (20.16%)
Union Administration $110,180 (9.16%)
Strike Benefits $0 (0.00%)
To Union Officers $202,880 (16.87%)
To Union Employees $34,011 (2.83%)
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

Membership Trend

YearMembers
2002464
2003458
2004465
2005447
2006451
2007458
2008481
2009481
2010444
2011433
2012440
2013431
2014422
2015437
2016424
2017424
2018420
2019404
2020392
2021403
2022438

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
MARK BUONOBUSINESS MANAGER FST$145,619
JOSEPH SORENSENPRESIDENT/BUSINESS AGENT$137,515
JENNIE ADEROFFICE MANAGER$42,249
$2,988
GREGORY SCHULTZVICE PRESIDENT$2,439
MARK BUONORECORDING SECRETARY$2,022
MATTHEW RYANEXEC COMMITTEE$1,011
JOHN GRICHEXEC COMMITTEE MEMBER$1,011
DEREK ZASTAURYEXEC COMMITTEE MEMBER$1,011
SHAWN SULLIVANTRUSTEE$975

Source: Office of Labor Management Standards

Year Covered: 2022  •  Last Updated: June 12th, 2023