Treasury Employees, Chapter 50
Basic Information
Local 50
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 | $78,380 |
| Total Liabilities | $0 |
| Total Income | $29,305 |
| Total Spent | $11,403 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $78,380 (+29.6%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (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 | $28,210 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $55 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $1,040 |
| 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
$11,403
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $2,886 (25.31%) |
| To Union Employees | $0 (0.00%) |
| 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
323
Income per Member
$91
Dues (per year)
$28,210
Membership Trend
| Year | Members |
|---|---|
| 2002 | 391 |
| 2003 | 398 |
| 2004 | 360 |
| 2005 | 365 |
| 2006 | 460 |
| 2007 | 460 |
| 2008 | 450 |
| 2009 | 450 |
| 2010 | 450 |
| 2011 | 500 |
| 2012 | 500 |
| 2013 | 500 |
| 2014 | 500 |
| 2015 | 500 |
| 2016 | 500 |
| 2017 | 339 |
| 2018 | 392 |
| 2019 | 321 |
| 2020 | 320 |
| 2021 | 324 |
| 2022 | 323 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$412
Total Employees
7
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| NANCY ARMSTONG | PRESIDENT | $1,000 |
| BONNIE UNDERWOOD | TREASURER | $800 |
| PENNY PRICE | SECRETARY | $600 |
| GLENN SILVERMANN | VICE PRESIDENT | $300 |
| PAUL SADLER | VICE PRESIDENT | $186 |
| KESHONNA SHEPPARD | MEMBER AT LARGE | $0 |
| REGINA DOUGLAS | MEMBER AT LARGE | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023