Laborers, Local 55
Basic Information
Local 55
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 | $1,594,161 |
| Total Liabilities | $0 |
| Total Income | $586,434 |
| Total Spent | $327,551 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $557,495 (+86.7%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $1,032,255 (-11.3%) |
| Fixed Assets | $1,811 (-11.3%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $2,600 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $440,440 |
| Per Person Tax | $0 |
| Investments | $106,279 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $10,568 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $16,400 |
| Loans Obtained | $0 |
| Other Receipts | $12,747 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $2,330 |
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
$327,551
Spending Overview
Spending Breakdown
| Representational | $54,560 (16.66%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $13,715 (4.19%) |
| General Overhead | $76,246 (23.28%) |
| Union Administration | $23,295 (7.11%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $45,433 (13.87%) |
| 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: 2022 • Last Updated: June 12th, 2023
Membership
Total Members
273
Income per Member
$2,148
Dues (per MONTH)
VARIOUS
Membership Trend
| Year | Members |
|---|---|
| 2009 | 103 |
| 2010 | 30 |
| 2011 | 94 |
| 2012 | 100 |
| 2013 | 95 |
| 2014 | 100 |
| 2015 | 177 |
| 2016 | 204 |
| 2017 | 167 |
| 2018 | 305 |
| 2019 | 388 |
| 2020 | 304 |
| 2021 | 262 |
| 2022 | 273 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$3,384
Total Employees
16
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| HECTOR FUENTES | BUS MGR/SEC. TREASURER | $49,167 |
| WAYNE RICHARDSON | PRESIDENT | $2,753 |
| JOHN BLYDEN | VICE PRESIDENT | $628 |
| MARTINIQUE COSTA | RECORDING SECRETARY | $590 |
| PERRY MCKINNEY | BOARD MEMBER | $520 |
| NORBERTO LOPEZ | BOARD MEMBER | $418 |
| ANDREW BRUYNING | BOARD MEMBER | $60 |
| WILLIE SHEPHARD | BOARD MEMBER/SGT-AT-ARMS | $0 |
| LLOYD WILSON | AUDITOR | $0 |
| DANIEL QUINTANA | AUDITOR | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023