Operating Engineers, Local 407
Basic Information
Local 407
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 | $1,687,800 |
| Total Liabilities | $100,933 |
| Total Income | $1,030,327 |
| Total Spent | $1,272,500 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $123,979 (-66.1%) |
| Accounts Receivable | $812 (0.0%) |
| Investments | $1,256,058 (+123.5%) |
| Fixed Assets | $306,951 (+123.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $946,339 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $83,988 |
| Other Receipts | $0 |
| 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
$1,272,500
Spending Overview
Spending Breakdown
| Representational | $126,595 (9.95%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $363,904 (28.60%) |
| Union Administration | $383,385 (30.13%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $302,667 (23.79%) |
| To Union Employees | $66,584 (5.23%) |
| 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
1,116
Income per Member
$923
Dues (per month)
35.96 - 60.65
Membership Trend
| Year | Members |
|---|---|
| 2002 | 993 |
| 2003 | 913 |
| 2004 | 889 |
| 2005 | 937 |
| 2006 | 904 |
| 2007 | 897 |
| 2008 | 927 |
| 2009 | 967 |
| 2010 | 922 |
| 2011 | 876 |
| 2012 | 1,039 |
| 2013 | 1,011 |
| 2014 | 968 |
| 2015 | 991 |
| 2016 | 1,019 |
| 2017 | 991 |
| 2018 | 1,278 |
| 2019 | 1,286 |
| 2020 | 1,306 |
| 2021 | 1,198 |
| 2022 | 1,116 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$72,854
Total Employees
7
Employees Making more than $75,000
3
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KENNETH FUGATT | FINANCIAL SEC/ BUS MGR | $141,518 |
| JOEY VANCE | GUARD/ BUS AGT | $140,234 |
| TODD MONTIE | VICE PRESIDENT/ BUS AGT | $140,234 |
| SHARON LANDRY | OFFICE SECRETARY | $66,625 |
| SARAH STERNS | OFFICE SECRETARY | $21,369 |
| DONALD ETIENNE | TREASURER | $0 |
| TROY RENARD | PRESIDENT | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023