Iron Workers, Local 498
Basic Information
Local 498
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 | $1,659,237 |
| Total Liabilities | $325,939 |
| Total Income | $1,305,098 |
| Total Spent | $1,067,171 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $788,562 (+43.2%) |
| Accounts Receivable | $59,426 (+35.1%) |
| Investments | $214,772 (-12.6%) |
| Fixed Assets | $596,477 (-12.6%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $772,514 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $2,458 |
| Loan Repayment | $0 |
| Interest | $29 |
| Dividends | $3,683 |
| Rents | $53,060 |
| Fees and Fines | $1,052 |
| Loans Obtained | $0 |
| Other Receipts | $365,540 |
| Affiliates | $53,164 |
| Members | $53,598 |
| Reinvestments | $0 |
| All Others | $4,822 |
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
$1,067,171
Spending Overview
Spending Breakdown
| Representational | $169,375 (15.87%) |
| Political Activities and Lobbying | $12,379 (1.16%) |
| Contributions, Gifts, and Grants | $20,597 (1.93%) |
| General Overhead | $125,508 (11.76%) |
| Union Administration | $171,644 (16.08%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $188,519 (17.67%) |
| To Union Employees | $48,175 (4.51%) |
| 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
358
Income per Member
$3,646
Dues (per MONTH)
$35.50
Membership Trend
| Year | Members |
|---|---|
| 2002 | 382 |
| 2003 | 399 |
| 2004 | 384 |
| 2005 | 377 |
| 2006 | 374 |
| 2007 | 367 |
| 2008 | 384 |
| 2009 | 370 |
| 2010 | 345 |
| 2011 | 333 |
| 2012 | 316 |
| 2013 | 298 |
| 2014 | 287 |
| 2015 | 281 |
| 2016 | 291 |
| 2017 | 288 |
| 2018 | 285 |
| 2019 | 296 |
| 2020 | 304 |
| 2021 | 297 |
| 2022 | 358 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$22,324
Total Employees
14
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MARK RICHESON | BUS MGR/FIN SEC/TREAS | $130,209 |
| KEITH GAHL | RECORDING SEC/ORGANIZER | $117,375 |
| DEIDRE CONERLY | OFFICE MANAGER | $61,303 |
| NICHOLAS HELM | EXECUTIVE COMMITTEE | $2,593 |
| MARK WHITFORD | CONDUCT/SGT AT ARMS/EXEC | $240 |
| JOHN HAMMACK | EXECUTIVE/EXAMINING COMM | $210 |
| RICH ATKINS | EXECUTIVE COMMITTEE | $210 |
| PAUL KAUFFMAN | PRESIDENT | $210 |
| JOHN MEIER | EXECUTIVE COMMITTEE | $120 |
| JAY PRICE | VICE-PRESIDENT | $60 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023