International Brotherhood of Electrical Workers, Local 1055
Basic Information
Local 1055
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 | $181,330 |
| Total Liabilities | $1,441 |
| Total Income | $195,341 |
| Total Spent | $233,017 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $180,128 (-17.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $1,202 (-9.8%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $1,441 |
| Mortgages | $0 |
Income
| Dues | $194,967 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $171 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $203 |
| 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
$233,017
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 | $88,755 (38.09%) |
| To Union Employees | $0 (0.00%) |
| Education | $0 (0.00%) |
| Fees | $7,156 (3.07%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
255
Income per Member
$766
Dues (per month)
$45
Membership Trend
| Year | Members |
|---|---|
| 2002 | 482 |
| 2003 | 476 |
| 2004 | 478 |
| 2005 | 458 |
| 2006 | 454 |
| 2007 | 454 |
| 2008 | 456 |
| 2009 | 477 |
| 2010 | 421 |
| 2011 | 441 |
| 2012 | 398 |
| 2013 | 406 |
| 2014 | 391 |
| 2015 | 391 |
| 2016 | 345 |
| 2017 | 332 |
| 2018 | 342 |
| 2019 | 342 |
| 2020 | 276 |
| 2021 | 262 |
| 2022 | 255 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$16,813
Total Employees
6
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DAVID THOMPKINS | PRESIDENT | $45,975 |
| SCOTT ADAMS | BUSINESS MANAGER | $32,866 |
| BRUCE TODD | FINANCIAL SECRETARY | $8,349 |
| MICHAEL WILKES | TREASURER | $6,357 |
| TRAVIS PARKER | VICE PRESIDENT | $3,700 |
| CLAY HOBBS | RECORDING SECRETARY | $3,631 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023