Iron Workers, Local 55

Basic Information

Local 55

Quick Facts

Members

905

Assets

$10,221,099

Employees

Primary Industry

Construction

Address

IRON WORKERS
1080 ATLANTIC AVENUE
TOLEDO, OH 43609

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	$10,221,099
Total Liabilities	$12,266
Total Income	$5,051,902
Total Spent	$6,176,419

» See Historical Financial Information

Total Assets Trend

Assets (Change from previous report)

Cash	$1,999,759 (-36.0%)
Accounts Receivable	$0 (0.0%)
Investments	$7,506,247 (+14.2%)
Fixed Assets	$546,813 (+14.2%)
Treasury Securities	$168,280 (0.0%)
Other Assets	$0 (0.0%)
Loans Receivable	$0 (0.0%)

Liabilities

Loans Payable	$0
Accounts Payable	$0
Other Liabilities	$12,266
Mortgages	$0

Income

Dues	$3,150,178
Per Person Tax	$0
Investments	$1,561,796
Supplies	$0
Loan Repayment	$0
Interest	$54,514
Dividends	$212,064
Rents	$28,294
Fees and Fines	$0
Loans Obtained	$0
Other Receipts	$25,456
Affiliates	$19,600
Members	$0
Reinvestments	$0
All Others	$25,456

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

$6,176,419

Spending Overview

Spending Breakdown

Representational	$1,126,361 (18.24%)
Political Activities and Lobbying	$61,690 (1.00%)
Contributions, Gifts, and Grants	$35,569 (0.58%)
General Overhead	$231,930 (3.76%)
Union Administration	$197,602 (3.20%)
Strike Benefits	$0 (0.00%)
To Union Officers	$103,470 (1.68%)
To Union Employees	$122,902 (1.99%)
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

905

Income per Member

$5,582

Dues (per month)

$37

Membership Trend

Year	Members
2002	903
2003	874
2004	841
2005	836
2006	860
2007	891
2008	864
2009	825
2010	772
2011	750
2012	781
2013	764
2014	702
2015	729
2016	735
2017	805
2018	799
2019	928
2020	938
2021	911
2022	905

Source: Office of Labor Management Standards

Year Covered: 2022 • Last Updated: June 12th, 2023

Leaders & Salaries

Average Total Compensation

$20,843

Total Employees

Employees Making more than $75,000

Top Ten Highest Paid Leaders

Name	Title	Total Compensation
ERIC KAHLE	FST/BM	$118,959
ROBERT MAPES	BUSINESS REPRESENTATIVE	$96,122
ROBERT MONAK	WORK FORCE DEVELOPMENT	$95,809
MARLOW SCHWAIGER	SECRETARY	$46,340
REBECCA THOMPSON	SECRETARY	$41,729
		$7,977
CHARLES AVALOS JR.	PRESIDENT	$6,460
CHARLES BESLY	RECORDING SECRETARY	$1,622
TROY ALCORN	EXECUTIVE COMMITTEE	$370
TOBIAS PAPA	EXECUTIVE COMMITTEE	$350

» See All Employees' Compensation and Salary History

Source: Office of Labor Management Standards

Year Covered: 2022 • Last Updated: June 12th, 2023

Crime, Corruption & Racketeering

The Office of Labor-Management Standards (OLMS) conducts investigations to determine if violations of the Labor-Management Relations and Disclosure Act (LMRDA) provisions have occurred.

Investigations are initiated based on various sources such as complaints from union members; information developed by OLMS as a result of reviewing reports filed; information developed during an OLMS audit of a union’s books and records; and information obtained from other government agencies. Investigations may involve civil matters (such as an election of union officers) or criminal matters (such as embezzlement of union funds).

Corruption and Embezzlement Charges

Type of Criminal Activity	Number of Instances
criminal charges	1
Indictments	1

Some incidents may be accounted for in multiple categories.

Source: Office of Labor-Management Standards

Last Updated: April 8th, 2021

Financial Audits

The Office of Labor-Management Standards (OLMS) has responsibility under the Labor-Management Relations and Disclosure Act (LMRDA) to conduct audits to determine if unions are complying with the law.

OLMS uses a streamlined audit approach called the Compliance Audit Program (CAP) to audit local unions which utilizes specialized records review and investigative techniques to verify LMRDA compliance.