Teamsters, Local 731
Basic Information
Local 731
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 | $5,227,253 |
| Total Liabilities | $202,903 |
| Total Income | $5,958,062 |
| Total Spent | $5,603,085 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,814,688 (+24.3%) |
| Accounts Receivable | $25,177 (0.0%) |
| Investments | $3,046,398 (+6.2%) |
| Fixed Assets | $316,061 (+6.2%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $24,929 (-44.2%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $202,903 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $4,678,924 |
| Per Person Tax | $0 |
| Investments | $249,338 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $29,344 |
| Dividends | $172,956 |
| Rents | $22,585 |
| Fees and Fines | $375,220 |
| Loans Obtained | $0 |
| Other Receipts | $421,292 |
| Affiliates | $8,403 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $2,279 |
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
$5,603,085
Spending Overview
Spending Breakdown
| Representational | $1,415,099 (25.26%) |
| Political Activities and Lobbying | $241,816 (4.32%) |
| Contributions, Gifts, and Grants | $233,994 (4.18%) |
| General Overhead | $592,089 (10.57%) |
| Union Administration | $542,549 (9.68%) |
| Strike Benefits | $56,899 (1.02%) |
| To Union Officers | $872,372 (15.57%) |
| To Union Employees | $536,203 (9.57%) |
| 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
6,308
Income per Member
$945
Dues (per MONTH)
N/A
Membership Trend
| Year | Members |
|---|---|
| 2002 | 6,328 |
| 2003 | 7,639 |
| 2004 | 5,905 |
| 2005 | 5,332 |
| 2006 | 5,556 |
| 2007 | 5,473 |
| 2008 | 6,019 |
| 2009 | 6,528 |
| 2010 | 6,477 |
| 2011 | 7,410 |
| 2012 | 6,563 |
| 2013 | 6,479 |
| 2014 | 6,963 |
| 2015 | 6,541 |
| 2016 | 6,445 |
| 2017 | 6,655 |
| 2018 | 6,694 |
| 2019 | 6,452 |
| 2020 | 6,630 |
| 2021 | 6,308 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$107,994
Total Employees
19
Employees Making more than $75,000
11
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| TERRENCE HANCOCK | PRESIDENT | $337,877 |
| JOHN LISNER | SECRETARY - TREASURER | $294,221 |
| DALE BOLT | RECORDING SECRETARY / BA | $232,007 |
| WALTER THIEDE | VICE PRESIDENT / BA | $152,418 |
| MICHAEL CORRIGAN | TRUSTEE / BA | $137,754 |
| ROBERTA LESTER | CLERICAL | $99,317 |
| FRANK VACI JR | ORGANIZER | $95,903 |
| MALACHI LEE | BUSINESS AGENT | $88,459 |
| ANUEL ADAMS | TRUSTEE / BA | $86,328 |
| JAMES THOMPSON | ORGANIZER | $84,154 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Union Decertifications
Unionized employees can elect to revoke a union's right to represent them through a process called a decertification. In order to decertify a union, a majority of the unionized employees must vote to remove the union in an election overseen by the National Labor Relations Board (NLRB).
Total Decertification Petitions
1
Source: National Labor Relations Board
Case Activity Tracking System