AMO nets year-long operating budget surplus

American Maritime Officers ended calendar year 2021 with a cumulative operating budget surplus of $551,903.

This significant year-to-date total continues a trend that began midway through calendar year 2015, when budget surpluses emerged in all but a few months between then and December 2021.

This consistently good news results from what I have long called a productive partnership among this administration - which targets waste, extravagance and redundancy routinely, and the growing number of deep-sea, Great Lakes and inland waters AMO members who pay their dues on time and the applicants for AMO membership who are faithful to their initiation fee obligations.

AMO tracks dues receipts - its principal source of operating revenue - and dues debt each day.

This partnership has allowed AMO to mark 2022 as its eighth consecutive year without an increase in dues and initiation fees. AMO dues remain the lowest among the three merchant marine officers' unions.

At the New Year, American Maritime Officers had $791,538 in its savings account and $14.7 million in its investment accounts.

Paul Doell
National President