Iron Workers, Local 851
Basic Information
Local 851
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 | $1,529,999 |
| Total Liabilities | $5,118 |
| Total Income | $1,386,033 |
| Total Spent | $1,322,929 |
Total Assets Trend
Assets (Change from previous report)
| Cash | $1,333,694 (+5.0%) |
| Accounts Receivable | $0 (0.0%) |
| Investments | $29,330 (-16.5%) |
| Fixed Assets | $75,733 (-16.5%) |
| Treasury Securities | $0 (0.0%) |
| Other Assets | $5,769 (+1,823.0%) |
| Loans Receivable | $85,473 (-6.7%) |
Income
| Dues | $992,289 |
| Per Person Tax | $0 |
| Investments | $11,374 |
| Supplies | $0 |
| Loan Repayment | $6,098 |
| Interest | $10,972 |
| Dividends | $1,457 |
| Rents | $33,600 |
| Fees and Fines | $0 |
| Loans Obtained | $780 |
| Other Receipts | $306,213 |
| Affiliates | $0 |
| Members | $23,250 |
| Reinvestments | $0 |
| All Others | $41,050 |
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
$1,322,929
Spending Overview
Spending Breakdown
| Representational | $302,438 (22.86%) |
| Political Activities and Lobbying | $0 (0.00%) |
| Contributions, Gifts, and Grants | $0 (0.00%) |
| General Overhead | $160,325 (12.12%) |
| Union Administration | $99,294 (7.51%) |
| Strike Benefits | $202,566 (15.31%) |
| To Union Officers | $152,094 (11.50%) |
| To Union Employees | $150,113 (11.35%) |
| 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
1,510
Income per Member
$918
Dues (per month)
2.5 x hourly + $14.30, 2x hourly + $14.30 or $14.8
Membership Trend
| Year | Members |
|---|---|
| 2017 | 1,606 |
| 2018 | 2,091 |
| 2019 | 1,936 |
| 2020 | 1,571 |
| 2021 | 1,484 |
| 2022 | 1,510 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023
Leaders & Salaries
Average Total Compensation
$50,368
Total Employees
6
Employees Making more than $75,000
0
Top Ten Highest Paid Leaders
| Name | Title | Total Compensation |
|---|---|---|
| MICHAEL BAUMANN | PRESIDENT/FIN SECR/TREAS | $82,220 |
| TRACY CUTRIGHT | VICE PRESIDENT | $69,874 |
| JEANE CHAFFIN | BUSINESS REPRESENTATIVE | $57,848 |
| LINDA BROOKS | ADMINISTRATIVE ASSISTANT | $53,058 |
| ASHLEIGH TATROE | OFFICE MANAGER | $28,474 |
| $10,733 |
Source: Office of Labor Management Standards
Year Covered: 2022 • Last Updated: June 12th, 2023