Carpenters, Local 555
Basic Information
Local 555
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 | $419,298 |
| Total Liabilities | $0 |
| Total Income | $414,641 |
| Total Spent | $434,837 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $376,169 (-5.1%) |
| Accounts Receivable | $36,935 (+105.8%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $6,194 (-8.8%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $364,712 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $575 |
| Loan Repayment | $0 |
| Interest | $0 |
| Dividends | $469 |
| Rents | $0 |
| Fees and Fines | $12,718 |
| Loans Obtained | $0 |
| Other Receipts | $13,814 |
| Affiliates | $0 |
| Members | $22,353 |
| Reinvestments | $0 |
| All Others | $120 |
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
$434,837
Spending Overview
Spending Breakdown
| Representational | $43,344 (9.97%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $15,300 (3.52%) |
| General Overhead | $32,136 (7.39%) |
| Union Administration | $63,619 (14.63%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $37,644 (8.66%) |
| To Union Employees | $975 (0.22%) |
| 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
1,795
Income per Member
$231
Dues (per month)
0-25
Membership Trend
| Year | Members |
|---|---|
| 2018 | 2,222 |
| 2019 | 1,820 |
| 2020 | 1,747 |
| 2021 | 1,835 |
| 2022 | 1,795 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$3,204
Total Employees
13
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MARK THOMPSON | FINANCIAL SECRETARY | $4,801 |
| MIKE DEERING | TRUSTEE | $4,492 |
| DAVID MEFFORD | TREASURER | $4,248 |
| SHANNON BAYLESS | VICE PRESIDENT | $4,232 |
| HIPOLITO HERNANDEZ | TRUSTEE | $4,126 |
| DOUGLAS CLARK | PRESIDENT | $3,942 |
| EDGAR JAUREGUI | TRUSTEE | $3,752 |
| WALTER MOBLEY | CONDUCTOR | $3,515 |
| ORLANDO MARTINEZ | RECORDING SECRETARY | $3,437 |
| JUAN ARELLANO | WARDEN | $2,588 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023