Iron Workers, Local 424
Basic Information
Local 424
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 | $1,285,888 |
Total Liabilities | $135,722 |
Total Income | $1,210,441 |
Total Spent | $1,202,348 |
Total Assets Trend
Assets (Change from previous report)
Cash | $513,147 (+1.6%) |
Accounts Receivable | $110,160 (+10.9%) |
Investments | $0 (0.0%) |
Fixed Assets | $619,476 (0.0%) |
Treasury Securities | $0 (0.0%) |
Other Assets | $43,105 (+446.0%) |
Loans Receivable | $0 (0.0%) |
Income
Dues | $116,734 |
Per Person Tax | $0 |
Investments | $0 |
Supplies | $100 |
Loan Repayment | $0 |
Interest | $510 |
Dividends | $0 |
Rents | $100,571 |
Fees and Fines | $651,274 |
Loans Obtained | $53,607 |
Other Receipts | $4,718 |
Affiliates | $4,400 |
Members | $278,527 |
Reinvestments | $0 |
All Others | $4,718 |
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
$1,202,348
Spending Overview
Spending Breakdown
Representational | $25,482 (2.12%) |
Political Activities and Lobbying | $32,977 (2.74%) |
Contributions, Gifts, and Grants | $29,304 (2.44%) |
General Overhead | $242,393 (20.16%) |
Union Administration | $110,180 (9.16%) |
Strike Benefits | $0 (0.00%) |
To Union Officers | $202,880 (16.87%) |
To Union Employees | $34,011 (2.83%) |
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
438
Income per Member
$2,764
Dues (per member per month)
$37
Membership Trend
Year | Members |
---|---|
2002 | 464 |
2003 | 458 |
2004 | 465 |
2005 | 447 |
2006 | 451 |
2007 | 458 |
2008 | 481 |
2009 | 481 |
2010 | 444 |
2011 | 433 |
2012 | 440 |
2013 | 431 |
2014 | 422 |
2015 | 437 |
2016 | 424 |
2017 | 424 |
2018 | 420 |
2019 | 404 |
2020 | 392 |
2021 | 403 |
2022 | 438 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$22,650
Total Employees
15
Employees Making more than $75,000
2
Top Ten Highest Paid Leaders
Name | Title | Total Compensation |
---|---|---|
MARK BUONO | BUSINESS MANAGER FST | $145,619 |
JOSEPH SORENSEN | PRESIDENT/BUSINESS AGENT | $137,515 |
JENNIE ADER | OFFICE MANAGER | $42,249 |
$2,988 | ||
GREGORY SCHULTZ | VICE PRESIDENT | $2,439 |
MARK BUONO | RECORDING SECRETARY | $2,022 |
MATTHEW RYAN | EXEC COMMITTEE | $1,011 |
JOHN GRICH | EXEC COMMITTEE MEMBER | $1,011 |
DEREK ZASTAURY | EXEC COMMITTEE MEMBER | $1,011 |
SHAWN SULLIVAN | TRUSTEE | $975 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023