Machinists, Lodge 588
Basic Information
Local 588
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 | $55,390 |
| Total Liabilities | $0 |
| Total Income | $41,400 |
| Total Spent | $35,815 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $55,195 (+11.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $195 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $40,460 |
| 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 | $940 |
| 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
$35,815
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $875 (2.44%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $8,913 (24.89%) |
| To Union Employees | $3,895 (10.88%) |
| Education | $0 (0.00%) |
| Fees | $70 (0.20%) |
Search All Spending
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
284
Income per Member
$146
Dues (per MONTH)
$76
Membership Trend
| Year | Members |
|---|---|
| 2002 | 684 |
| 2003 | 649 |
| 2004 | 644 |
| 2005 | 655 |
| 2006 | 626 |
| 2007 | 653 |
| 2008 | 670 |
| 2009 | 621 |
| 2010 | 589 |
| 2011 | 366 |
| 2012 | 351 |
| 2013 | 339 |
| 2014 | 333 |
| 2015 | 308 |
| 2016 | 290 |
| 2017 | 300 |
| 2018 | 314 |
| 2019 | 292 |
| 2020 | 300 |
| 2021 | 290 |
| 2022 | 284 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$1,113
Total Employees
9
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| KENNETH PRINDLE | SECRETART TREASURER | $3,581 |
| MARK PANKEWYTCH | PRESIDENT | $2,266 |
| JOHN POSELLA | REC SECRETARY | $1,004 |
| ROBERT BUMP | VICE PRESIDENT | $981 |
| ROBERT PARMELE | TRUSTEE | $763 |
| RONALD OSBORN | TRUSTEE | $718 |
| TRAVIS LUNN | CON SENTINEL | $467 |
| JERRID PIERCE | TRUSTEE | $200 |
| MICHELLE NEWVILLE | REC SECRETARY | $40 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023