Machinists, District Lodge 98
Basic Information
Local 98
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 | $1,523,322 |
| Total Liabilities | $0 |
| Total Income | $2,202,856 |
| Total Spent | $1,247,253 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,520,509 (+169.2%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $2,813 (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 | $0 |
| Per Person Tax | $880,996 |
| Investments | $1,033,962 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $1,350 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $286,548 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $33,642 |
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
$1,247,253
Spending Overview
Spending Breakdown
| Representational | $488,319 (39.15%) |
| Political Activities and Lobbying | $9,002 (0.72%) |
| Contributions, Gifts, and Grants | $14,613 (1.17%) |
| General Overhead | $13,654 (1.09%) |
| Union Administration | $355,768 (28.52%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $16,392 (1.31%) |
| To Union Employees | $529,431 (42.45%) |
| 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
4,337
Income per Member
$508
Dues (per member/month)
$21
Membership Trend
| Year | Members |
|---|---|
| 2002 | 4,837 |
| 2003 | 4,302 |
| 2004 | 5,303 |
| 2005 | 8,041 |
| 2006 | 7,439 |
| 2007 | 6,978 |
| 2008 | 6,326 |
| 2009 | 5,843 |
| 2010 | 4,951 |
| 2011 | 4,935 |
| 2012 | 4,184 |
| 2013 | 4,978 |
| 2014 | 3,919 |
| 2015 | 4,643 |
| 2016 | 4,642 |
| 2017 | 4,636 |
| 2018 | 4,126 |
| 2019 | 4,536 |
| 2020 | 4,400 |
| 2021 | 4,337 |
| 2022 | 4,337 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$52,740
Total Employees
13
Employees Making more than $75,000
4
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KEVIN HALLAM | BUSINESS REP | $174,439 |
| KERMIT FORBES, JR | BUSINESS REP | $159,448 |
| ANTHONY POLACCI | BUSINESS REP | $116,200 |
| MICHAEL WENTZEL | BUSINESS REP | $112,945 |
| KELLY LOUCKS | ADIM ASST | $50,935 |
| JOSE AMILL | ORGANIZER | $48,945 |
| JOHN SMITH | SECRETARY TREASURER | $10,883 |
| $4,305 | ||
| HARRY YOUNG, JR | PRESIDENT | $4,144 |
| DANIEL MYERS | TRUSTEE | $1,215 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023