Iron Workers, Local 580
Basic Information
Local 580
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 | $41,010,975 |
| Total Liabilities | $24,638 |
| Total Income | $20,790,381 |
| Total Spent | $24,639,169 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $4,453,745 (-46.4%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $17,334,663 (+1.3%) |
| Fixed Assets | $197,484 (+1.3%) |
| Treasury Securities | $19,025,083 (+34.2%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $0 |
| Other Liabilities | $24,638 |
| Mortgages | $0 |
Income
| Dues | $946,368 |
| Per Person Tax | $0 |
| Investments | $15,131,564 |
| Supplies | $0 |
| Loan Repayment | $0 |
| Interest | $687,837 |
| Dividends | $0 |
| Rents | $0 |
| Fees and Fines | $3,966,991 |
| Loans Obtained | $0 |
| Other Receipts | $57,621 |
| Affiliates | $0 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $2,121 |
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
$24,639,169
Spending Overview
Spending Breakdown
| Representational | $764,982 (3.10%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $80,784 (0.33%) |
| General Overhead | $885,435 (3.59%) |
| Union Administration | $295,939 (1.20%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $561,761 (2.28%) |
| To Union Employees | $87,043 (0.35%) |
| 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
2,479
Income per Member
$8,387
Dues (per MONTH)
$30.50-$52.50
Membership Trend
| Year | Members |
|---|---|
| 2002 | 1,535 |
| 2003 | 1,626 |
| 2004 | 1,681 |
| 2005 | 2,102 |
| 2006 | 2,070 |
| 2007 | 2,108 |
| 2008 | 2,189 |
| 2009 | 2,208 |
| 2010 | 2,356 |
| 2011 | 2,261 |
| 2012 | 2,366 |
| 2013 | 2,373 |
| 2014 | 2,335 |
| 2015 | 2,388 |
| 2016 | 2,523 |
| 2017 | 2,484 |
| 2018 | 2,529 |
| 2019 | 2,595 |
| 2020 | 2,535 |
| 2021 | 2,535 |
| 2022 | 2,479 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$44,124
Total Employees
25
Employees Making more than $75,000
6
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| JOSEPH NOLAN | BUSINESS AGENT | $189,437 |
| PETER MYERS | BUSINESS MANAGER/FTS | $181,331 |
| THOMAS MILTON | BUSINESS AGENT | $175,900 |
| KEVIN MCKEON | RECORDING SEC/BUS AGENT | $175,612 |
| JOHN CUMBERLAND | BUSINESS AGENT | $175,043 |
| SHEILA DOLAN | OFFICE STAFF | $76,940 |
| ASHLEY MARTINEZ | OFFICE STAFF | $73,338 |
| STEVE DONOFRIO | VICE PRESIDENT | $12,221 |
| JAMES COYNE | RECORDING SECRETARY | $10,401 |
| JOSEPH MAFFEI | PRESIDENT | $6,703 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Recent Contract Negotiations
| Industry | Contracts |
|---|---|
| Construction | 8 |
| Manufacturing | 2 |
| Personal Serv & Private Organizations | 1 |