Transport Workers, Local 550
Basic Information
Local 550
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 | $1,855,712 |
| Total Liabilities | $85,630 |
| Total Income | $801,480 |
| Total Spent | $1,202,640 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $338,508 (-54.2%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $1,502,372 (+70.5%) |
| Fixed Assets | $128 (+70.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $14,704 (+918.3%) |
| Loans Receivable | $0 (0.0%) |
Income
| Dues | $732,549 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $77 |
| Dividends | $68,854 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $0 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $0 |
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
$1,202,640
Spending Overview
Spending Breakdown
| Representational | $63,192 (5.25%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $1,000 (0.08%) |
| General Overhead | $54,512 (4.53%) |
| Union Administration | $304,292 (25.30%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $135,042 (11.23%) |
| To Union Employees | $201,101 (16.72%) |
| 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
451
Income per Member
$1,777
Dues (per member)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2008 | 178 |
| 2009 | 179 |
| 2010 | 195 |
| 2011 | 202 |
| 2012 | 210 |
| 2013 | 263 |
| 2014 | 269 |
| 2015 | 335 |
| 2016 | 369 |
| 2017 | 386 |
| 2018 | 407 |
| 2019 | 436 |
| 2020 | 425 |
| 2021 | 451 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$28,012
Total Employees
12
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| GREG REIFSNYDER | SCHEDULE COMMITTEE | $61,843 |
| LARRY MERCHANT | PRESIDENT | $59,993 |
| BRENT BERRY | TREASURER | $35,875 |
| $35,607 | ||
| JEREMY CRISCO | AT-LARGE REPRESENTATIVE | $27,825 |
| ANDREA PAYNE | REPRESENTATIVE | $22,300 |
| JEFF JACKSON | VICE PRESIDENT | $19,989 |
| JOHN DIPAOLO | SECRETARY | $19,185 |
| BARBI BARNES | REPRESENTATIVE | $16,177 |
| DAVE GONSELL | REPRESENTATIVE | $13,816 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023