Machinists, Lodge 587
Basic Information
Local 587
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 | $59,905 |
| Total Liabilities | $0 |
| Total Income | $11,856 |
| Total Spent | $13,273 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $31,422 (-4.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $0 (0.0%) |
| Treasury Securities | $27,338 (+1.1%) |
| Other Assets | $1,145 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $11,329 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $304 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $223 |
| 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
$13,273
Spending Overview
Spending Breakdown
| Representational | $0 (0.00%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $200 (1.51%) |
| General Overhead | $0 (0.00%) |
| Union Administration | $0 (0.00%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $5,970 (44.98%) |
| To Union Employees | $3,731 (28.11%) |
| 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
99
Income per Member
$120
Dues (per week)
$15
Membership Trend
| Year | Members |
|---|---|
| 2002 | 484 |
| 2003 | 221 |
| 2004 | 217 |
| 2005 | 188 |
| 2006 | 195 |
| 2007 | 202 |
| 2008 | 199 |
| 2009 | 182 |
| 2010 | 199 |
| 2011 | 195 |
| 2012 | 165 |
| 2013 | 413 |
| 2014 | 405 |
| 2015 | 376 |
| 2016 | 371 |
| 2017 | 368 |
| 2018 | 372 |
| 2019 | 361 |
| 2020 | 354 |
| 2021 | 337 |
| 2022 | 99 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$853
Total Employees
7
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| TRACY O'MALLEY | SECRETARY-TREASURER | $2,330 |
| ALBERICO SOARES | VICE-PRESIDENT | $780 |
| DAVID ESTRELLA | PRESIDENT | $780 |
| ERIC CAMARA | CONDUCTOR SENTINEL | $780 |
| MICHAEL HOROWIEC | TRUSTEE | $675 |
| ISAU ADEBIMPE | RECORDING SECRETARY | $600 |
| BRIAN PAUL | TRUSTEE | $25 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023