Railroad Signalmen, Local Lodge 56 - Long Island Railroad
Basic Information
Local 56
(LONG ISLAND RAILROAD)
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 | $1,051,691 |
| Total Liabilities | $139,189 |
| Total Income | $1,113,634 |
| Total Spent | $1,029,034 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $485,367 (+21.1%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $553,595 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $12,729 (+228.2%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $13,689 |
| Mortgages | $125,500 |
Income
| Dues | $777,067 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $336,567 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $1,567 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
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 2019
$1,029,034
Spending Overview
Spending Breakdown
| Representational | $22,399 (2.18%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $290,345 (28.22%) |
| Union Administration | $95,034 (9.24%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $56,443 (5.49%) |
| 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: 2019 • Last Updated: April 8th, 2021
Membership
Total Members
718
Income per Member
$1,551
Dues (per month/mbr)
$92.98
Membership Trend
| Year | Members |
|---|---|
| 2002 | 460 |
| 2003 | 452 |
| 2004 | 473 |
| 2005 | 463 |
| 2006 | 462 |
| 2007 | 502 |
| 2008 | 513 |
| 2009 | 546 |
| 2010 | 502 |
| 2011 | 496 |
| 2012 | 442 |
| 2013 | 469 |
| 2014 | 536 |
| 2015 | 519 |
| 2016 | 610 |
| 2017 | 702 |
| 2018 | 703 |
| 2019 | 718 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021
Leaders & Salaries
Average Total Compensation
$2,971
Total Employees
19
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JAMES CARONE | LOCAL FIN'L SECY TREAS | $23,192 |
| MICHAEL SULLVAN | VICE GENERAL CHAIRMAN | $4,906 |
| JAMES SOKOLOWSKI | VICE GENERAL CHAIRMAN | $4,121 |
| RYAN BURNS | PRESIDENT | $2,696 |
| MICHAEL GAROFANO | LOCAL TRUSTEE | $1,620 |
| JAMES RIDLEY | LOCAL CHAIRMAN | $1,589 |
| MICHAEL STEWART | 2ND LOCAL VICE PRESIDENT | $1,516 |
| ALAN WACHTIN | LOCAL TRUSTEE | $1,516 |
| CHRISTOPHER NATALE | GENERAL CHAIRMAN | $1,516 |
| WILLIAM SAAR III | LOCAL CHAIRMAN | $1,516 |
Source: Office of Labor Management Standards
Year Covered: 2019 • Last Updated: April 8th, 2021