Plumbers, Local 553
Basic Information
Local 553
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 | $7,754,581 |
| Total Liabilities | $39,491 |
| Total Income | $1,548,191 |
| Total Spent | $1,458,875 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $349,390 (+34.3%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $5,593,883 (+9.4%) |
| Fixed Assets | $1,714,791 (+9.4%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $40,087 (0.0%) |
| Loans Receivable | $56,430 (-3.3%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $39,491 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $1,137,894 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $1,943 |
| Interest | $1,354 |
| Dividends | $101,882 |
| Rents | $10,965 |
| Fees and Fines | $0 |
| Loans Obtained | $0 |
| Other Receipts | $294,153 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $3,843,718 |
| All Others | $294,153 |
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
$1,458,875
Spending Overview
Spending Breakdown
| Representational | $255,498 (17.51%) |
| Political Activities and Lobbying | $2,262 (0.16%) |
| Contributions, Gifts, and Grants | $15,562 (1.07%) |
| General Overhead | $141,403 (9.69%) |
| Union Administration | $133,728 (9.17%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $239,223 (16.40%) |
| To Union Employees | $72,769 (4.99%) |
| 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
471
Income per Member
$3,287
Dues (per month)
$33/47
Membership Trend
| Year | Members |
|---|---|
| 2002 | 502 |
| 2003 | 477 |
| 2004 | 460 |
| 2005 | 442 |
| 2006 | 445 |
| 2007 | 444 |
| 2008 | 501 |
| 2009 | 502 |
| 2010 | 495 |
| 2011 | 490 |
| 2012 | 487 |
| 2013 | 479 |
| 2014 | 468 |
| 2015 | 469 |
| 2016 | 480 |
| 2017 | 472 |
| 2018 | 482 |
| 2019 | 478 |
| 2020 | 474 |
| 2021 | 471 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$44,570
Total Employees
7
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| HERBERT FROHOCK III | BUSINESS MANAGER | $126,245 |
| BRETT SCHWALB | EXECUTIVE BOARD | $111,770 |
| NANCY JONES | SECRECTARY | $69,078 |
| $1,905 | ||
| MERYL KEENAN | ADMIN | $1,786 |
| BRADLEY BEST | RECORDING SECRETARY | $646 |
| MATT TONER | VICE PRESIDENT | $562 |
Source: Office of Labor Management Standards
Year Covered: 2021 • Last Updated: June 12th, 2023