Iron Workers, Local 492
Basic Information
Local 492
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 | $2,797,461 |
| Total Liabilities | $61,307 |
| Total Income | $1,971,235 |
| Total Spent | $983,949 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $2,654,889 (+59.2%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $0 (0.0%) |
| Fixed Assets | $142,572 (0.0%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $0 (0.0%) |
| Loans Receivable | $0 (0.0%) |
Liabilities
| Loans Payable | $0 |
| Accounts Payable | $61,307 |
| Other Liabilities | $0 |
| Mortgages | $0 |
Income
| Dues | $167,420 |
| Per Person Tax | $0 |
| Investments | $0 |
| Supplies | $20,596 |
| Loan Repayment | $0 |
| Interest | $1,411 |
| Dividends | $0 |
| Rents | $9,600 |
| Fees and Fines | $1,675,106 |
| Loans Obtained | $0 |
| Other Receipts | $75,262 |
| Affiliates | $21,840 |
| Members | $0 |
| Reinvestments | $0 |
| All Others | $75,262 |
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
$983,949
Spending Overview
Spending Breakdown
| Representational | $60,865 (6.19%) |
| Political Activities and Lobbying | $1,736 (0.18%) |
| Contributions, Gifts, and Grants | $29,148 (2.96%) |
| General Overhead | $165,581 (16.83%) |
| Union Administration | $119,150 (12.11%) |
| Strike Benefits | $0 (0.00%) |
| To Union Officers | $153,134 (15.56%) |
| To Union Employees | $64,360 (6.54%) |
| 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
520
Income per Member
$3,791
Dues (per month)
$37
Membership Trend
| Year | Members |
|---|---|
| 2002 | 445 |
| 2003 | 460 |
| 2004 | 426 |
| 2005 | 392 |
| 2006 | 385 |
| 2007 | 427 |
| 2008 | 422 |
| 2009 | 380 |
| 2010 | 379 |
| 2011 | 416 |
| 2012 | 411 |
| 2013 | 435 |
| 2014 | 422 |
| 2015 | 455 |
| 2016 | 472 |
| 2017 | 519 |
| 2018 | 434 |
| 2019 | 461 |
| 2020 | 500 |
| 2021 | 473 |
| 2022 | 520 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$27,187
Total Employees
8
Employees Making more than $75,000
1
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| RODNEY GOOD | FST/BM | $78,036 |
| TRAVIS O'DANIEL | PRESIDENT | $70,994 |
| SHERRI SAMARTINO | SECRETARY | $59,744 |
| $4,616 | ||
| BRIAN FELTS | RECORDING SECRETARY | $2,057 |
| TRAVIS LAFRANCE | TRUSTEE | $967 |
| GREGORY HASSELBLAD | TRUSTEE | $660 |
| CHAD BONE | TRUSTEE | $420 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023