Teamsters, Local 355
Basic Information
Local 355
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 | $2,691,914 |
| Total Liabilities | $170,605 |
| Total Income | $4,030,397 |
| Total Spent | $3,855,793 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,904,448 (+10.1%) |
| Accounts Receivable | $58,577 (-16.9%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $678,766 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $50,123 (-2.1%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $3,496,624 |
| Per Person Tax | $0 |
| Investments | $45,200 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $4,055 |
| Dividends | $0 |
| Rents | $3,600 |
| Fees and Fines | $249,258 |
| Loans Obtained | $0 |
| Other Receipts | $226,224 |
| Affiliates | $0 |
| Members | $5,436 |
| Reinvestments | $0 |
| All Others | $13,461 |
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
$3,855,793
Spending Overview
Spending Breakdown
| Representational | $1,354,214 (35.12%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $4,500 (0.12%) |
| General Overhead | $568,415 (14.74%) |
| Union Administration | $496,684 (12.88%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $363,027 (9.42%) |
| To Union Employees | $801,767 (20.79%) |
| 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
6,572
Income per Member
$613
Dues (per Month)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 4,178 |
| 2003 | 4,555 |
| 2004 | 5,798 |
| 2005 | 6,654 |
| 2006 | 6,354 |
| 2007 | 6,537 |
| 2008 | 6,605 |
| 2009 | 6,104 |
| 2010 | 5,820 |
| 2011 | 5,723 |
| 2012 | 5,918 |
| 2013 | 5,785 |
| 2014 | 6,114 |
| 2015 | 6,943 |
| 2016 | 5,768 |
| 2017 | 6,817 |
| 2018 | 6,975 |
| 2019 | 7,261 |
| 2020 | 7,007 |
| 2021 | 6,572 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$81,152
Total Employees
21
Employees Making more than $75,000
13
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| DAVID WHITE | SECRETARY/TREASURER | $151,072 |
| DENIS TAYLOR | PRESIDENT | $150,460 |
| WILLIAM ALEXANDER | VICE PRESIDENT | $120,282 |
| MARK GAREY | RECORDING SECRETARY | $116,708 |
| MICHAEL PETRO | BUSINESS AGENT | $109,074 |
| ERIC WOOD | BUSINESS AGENT | $107,209 |
| LLOYD ELGERT, JR. | BUSINESS AGENT | $106,860 |
| TIMOTHY MARVEL | BUSINESS AGENT | $105,863 |
| EDWIN MULFORD III | BUSINESS AGENT /ORGANIZER | $104,871 |
| MARCUS SMITH | BUSINESS AGENT | $104,590 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023