Operating Engineers, Local 470
Basic Information
Local 470
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 | $775,225 |
| Total Liabilities | $54,758 |
| Total Income | $630,000 |
| Total Spent | $632,918 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $187,516 (-1.5%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $585,974 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $1,735 (0.0%) |
Income
| Dues | $63,721 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $17 |
| Dividends | $0 |
| Rents | $27,600 |
| Fees and Fines | $479,768 |
| Loans Obtained | $0 |
| Other Receipts | $58,894 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $669 |
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
$632,918
Spending Overview
Spending Breakdown
| Representational | $60,520 (9.56%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $5,885 (0.93%) |
| General Overhead | $129,211 (20.42%) |
| Union Administration | $200,867 (31.74%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $199,815 (31.57%) |
| To Union Employees | $71,908 (11.36%) |
| 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
309
Income per Member
$2,039
Dues (per month)
$23
Membership Trend
| Year | Members |
|---|---|
| 2002 | 250 |
| 2003 | 467 |
| 2004 | 365 |
| 2005 | 354 |
| 2006 | 372 |
| 2007 | 349 |
| 2008 | 322 |
| 2009 | 329 |
| 2010 | 359 |
| 2011 | 318 |
| 2012 | 300 |
| 2013 | 307 |
| 2014 | 290 |
| 2015 | 377 |
| 2016 | 295 |
| 2017 | 325 |
| 2018 | 336 |
| 2019 | 365 |
| 2020 | 342 |
| 2021 | 335 |
| 2022 | 309 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$22,644
Total Employees
12
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JEFF BRITT | BUSINESS MANAGER | $107,626 |
| JOHNNY COLBURN | PRESIDENT | $92,189 |
| JULIE WILHITE | BOOKKEEPER | $71,908 |
| LARRY KING | TREASURER | $0 |
| JERRY STOREY | TRUSTEE | $0 |
| STEVEN ERGLE | FIN SECRETARY & AUDITOR | $0 |
| JASON BRITT | REC. SECRETARY & TRUSTEE | $0 |
| CURIS WHITAKER | GUARD | $0 |
| BRIAN PULTORAK | AUDITOR | $0 |
| BRIAN HEATH | VICE PRESIDENT | $0 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023