IMO membership climbs to 6,000 as President urges all doctors to participate
The Irish Medical Organisation (IMO) had an operating surplus of more than half a million euro, an excess of €1.14m with consolidated income totalling almost €4m in 2019, latest accounts presented to last night’s (October 29) AGM show.
This breaks down into an operating surplus for the trade union totalling €378,662 last year with a surplus of over €1m for 2019 after settlement of legal fees and other income. This compared to a deficit of €178,019 in 2018.
According to the annual report, membership numbers rose by almost 400 to 6,000 in 2019 up from just above 5,600 in 2018.
In his Presidential address, Dr Padraig McGarry said that membership was the core of any organisation and underlined the healthy growth in numbers.
He added: “I do take issue with those who have chosen not to support the organisation but will happily enjoy the communal benefits. In this day and age, it is inexcusable to reap the benefit of negotiations and representation whilst their colleagues pay for that support.”
Subscriptions in 2019 to the trade union totalled €2,279,275 and rental income was €193,701.
Employees numbered 45 for the overall IMO consolidated group while spending on wages and salaries amounted to €1,160,213 for the IMO trade union and €721,008 under Fitzserv Consultants Limited, a financial services company the share capital of which is 100 per cent owned by the IMO. Overall group spending came to almost €2.9m last year.
Payment of stipends to IMO Committee Chairs, Officers and Directors totalled €77,000 for 2019.
According to the IMO annual report, included in the consolidated financial statements are Fitzserv Consultants Limited with profit after tax of €141,576 (2018: €176,547) and Cumann Doctúiri na hÉireann, The Irish Medical Association (a property holding company which is limited by guarantee) with a loss after tax of €5,458 (2018: €5,935).
According to the 2019 annual report, IMO Financial Services actively looks after over 3,000 clients, mainly doctors and their family members.