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Union Facts

Iron Workers, Local 197

Basic Information

Local 197

Quick Facts

Address

IRON WORKERS
35-53 24TH STREET
LONG ISLAND CITY, NY 11106

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 $943,507
Total Liabilities $45,276
Total Income $1,344,892
Total Spent $1,072,462

Total Assets Trend

Assets (Change from previous report)

Cash $834,541 (+48.5%)
Accounts Receivable $0 (0.0%)
Investments $0 (0.0%)
Fixed Assets $92,582 (0.0%)
Treasury Securities $0 (0.0%)
Other Assets $16,384 (+1,024.5%)
Loans Receivable $0 (0.0%)

Liabilities

Loans Payable $35,317
Accounts Payable $0
Other Liabilities $9,959
Mortgages $0

Income

Dues $1,228,543
Per Person Tax $0
Investments $0
Supplies $0
Loan Repayment $0
Interest $4,367
Dividends $0
Rents $0
Fees and Fines $1,782
Loans Obtained $0
Other Receipts $110,200
Affiliates $0
Members $0
Reinvestments $0
All Others $2,200

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

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.

Spending Overview

Spending Breakdown

Representational $222,408 (20.74%)
Political Activities and Lobbying $11,745 (1.10%)
Contributions, Gifts, and Grants $60,427 (5.63%)
General Overhead $292,904 (27.31%)
Union Administration $53,493 (4.99%)
Strike Benefits $0 (0.00%)
To Union Officers $227,972 (21.26%)
To Union Employees $114,083 (10.64%)
Education $0 (0.00%)
Fees $0 (0.00%)

Search All Spending

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Membership

Membership Trend

YearMembers
2002203
2003219
2004239
2005206
2006192
2007147
2008272
2009288
2010276
2011252
2012244
2013250
2014253
2015248
2016263
2017271
2018273
2019325

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Leaders & Salaries

Top Ten Highest Paid Leaders

NameTitleTotal Compensation
WILLIAM HAYESBUSINESS MGR/ FIN SEC/VP$214,896
TINA PALMIOTTOOFFICE STAFF$72,686
CHRISTOPHER GORMANEMPLOYEE$27,838
CAROLE RAFTREY EMPLOYEE$13,559
JOSEPH FARRELL EXECUTIVE BOARD$7,545
CAROLE RAFTREY REC SEC/ EXECUTIVE BOARD$4,241
JAMES BURNSEXECUTIVE BOARD$330
GONZALO RAMOSEXECUTIVE BOARD$330
THOMAS WILSONEXECUTIVE BOARD$330
JOHN DUNNEXECUTIVE BOARD$300

Source: Office of Labor Management Standards

Year Covered: 2019  •  Last Updated: April 8th, 2021

Recent Contract Negotiations

Map of recent contract negotiations
IndustryContracts
Construction2