Teamsters, Local 553
Basic Information
Local 553
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 | $1,550,783 |
| Total Liabilities | $317,894 |
| Total Income | $3,474,150 |
| Total Spent | $2,667,928 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,388,271 (+138.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $157,962 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $4,550 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $2,194,974 |
| Per Person Tax | $0 |
| Investments | $2,500 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $5,100 |
| Dividends | $0 |
| Rents | $118,000 |
| Fees and Fines | $98,265 |
| Loans Obtained | $225,152 |
| Other Receipts | $830,159 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $77,822 |
Source: Office of Labor Management Standards
Year Covered: 2021 • 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 2021
$2,667,928
Spending Overview
Spending Breakdown
| Representational | $870,860 (32.64%) |
| Political Activities and Lobbying | $5,803 (0.22%) |
| Contributions, Gifts, and Grants | $14,252 (0.53%) |
| General Overhead | $573,195 (21.48%) |
| Union Administration | $123,972 (4.65%) |
| Strike Benefits | $73,891 (2.77%) |
| To Union Officers | $428,308 (16.05%) |
| To Union Employees | $198,367 (7.44%) |
| Education | $0 (0.00%) |
| Fees | $0 (0.00%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Membership
Total Members
2,911
Income per Member
$1,193
Dues (per N/A)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,391 |
| 2003 | 1,418 |
| 2004 | 1,433 |
| 2005 | 1,349 |
| 2006 | 1,269 |
| 2007 | 1,285 |
| 2008 | 1,286 |
| 2009 | 1,183 |
| 2010 | 1,120 |
| 2011 | 1,075 |
| 2012 | 1,067 |
| 2013 | 3,232 |
| 2014 | 5,308 |
| 2015 | 5,003 |
| 2016 | 5,333 |
| 2017 | 5,879 |
| 2018 | 4,811 |
| 2019 | 4,749 |
| 2020 | 3,417 |
| 2021 | 2,911 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$65,355
Total Employees
15
Employees Making more than $75,000
6
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DEMOS DEMOPOULOS | SECRETARY TREASURER | $193,427 |
| STEPHEN MALONE | VICE PRESIDENT | $146,210 |
| VICTOR CASTELLANO | RECORDING SECRETARY | $133,600 |
| RALPH BLASI | TRUSTEE | $121,436 |
| HELEN LARSEN | BOOKKEEPER | $93,404 |
| DOREEN MALCAUS | TITAN OPERATOR | $87,098 |
| ANTHONY STORZ | PRESIDENT | $58,249 |
| LUIS HIERRA | BUSINESS AGENT | $49,179 |
| MICHAEL SPINELLI | VICE PRESIDENT | $45,291 |
| MARIA BONAGURO | BOOKKEEPER | $22,842 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023