2020-10-29 OMA Agenda - Board of Trustees

Board of Trustees Meeting October 29, 2020 4:00 pm – 6:00pm

Mountain Daylight Time (MDT) Via computer, tablet, or smartphone https://global.gotomeeting.com/join/719224557 Via phone (voice only). United States: +1 (312) 757-3121 Access Code: 719-224-557 New to GoToMeeting? Get the app now at: https://global.gotomeeting.com/install/719224557 Presiding: Craig Primack, MD, FACP, FAAP, FOMA, President

Time 4:00 Call to Order and Opening Remarks Craig Primack Order 4:02 Approval of the Agenda Craig Primack Decision 4:05 Conflict of Interest Disclosures Lydia Alexander Declarations 4:10 Auditor’s Report 2019 Financial Statements (FS) Matt Beerbower w/RubinBrown Decision 1, 2 4:20 Treasurer’s Report September 2020 FS Lydia Alexander Katrina Crist Report 3, 4, 5 4:30 Operations/Staffing Initial Assessment & Recommendation Katrina Crist Decision 6 4:35 State Chapter Program Initial Assessment and Recommendation Katrina Crist Decision 7, 8 5:00 Gov’t Relations/Advocacy Report Chris Gallagher Report 9, 19 5:10 Advocacy Committee Request Reconsideration – Revised Manuscript Craig Primack Decision 10, 11 5:20 ASMBS – White Paper Endorsement Request Craig Primack Katrina Crist Decision 12, 13 5:25 FOMA Maintenance Requirements Katrina Crist Decision 14 5:30 Spring Conference 2021 Planning for Hybrid Conference Joan Hablutzel Katrina Crist Report N/A 5:35 Strategic Planning and Framework Timing and Format for Dedicated Session Craig Primack Katrina Crist Decision N/A 5:45 Consent Agenda/Class III Documents • August 4, 2020 Minutes • Ex officio 20-21 Board Appointment • OMA Advocacy Toolkit • ASMBS – U.S. Preventive Services TF • Banking Accounts Resolution • Investment Accounts Resolution 5:50 New Business Craig Primack Introduction 6:00 Call to Adjourn and Closing Remarks Craig Primack Adjourn Topic Lead Action

Doc#

Craig Primack Decision 15 16 17 18 19 20

Board of Trustees - Briefing Documents for October 29, 2020 Meeting Class III Documents – Materials to be thoroughly reviewed in advance of the board meeting in preparation of introducing motions for deliberation and decision-making. 1. Auditor’s Viewpoints Presentation 2. 2019 Audited Financial Statements and Report (OMA and OTF Consolidated) 3. 2020 September OMA Financial Dashboard 4. 2020 September OMA Financial Statements 5. 2020 September OTF Financial Statements 6. Operations and Staffing - ED Initial Assessment and Recommendation 7. State Chapters Program - ED Initial Assessment and Recommendation 8. State Chapters Program – Key Decision Points Reference Document 9. Advocacy Report (also reference Doc#19 Advocacy Toolkit) 10. Advocacy Committee Request and Background on Revised Manuscript 11. Perspectives on Phentermine Prescribing via Telehealth Revised Manuscript 12. ASMBS Request for Endorsement of ForumWhite Paper 13. ASMBS ForumWhite Paper 14. FOMA Annual Maintenance Requirements – Assessment and Options Class II Documents – Materials to be reviewed in advance of board meeting. These requests and documents are considered non-controversial or not needing board discussion, however, they do require formal approval or adoption by the Board of Trustees. Therefore, they are presented as part of a “consent agenda” which means they will be voted on as one motion to approve. If there is an issue/document you believe should be pulled for discussion/deliberation, please notify the President at craigprimack@gmail.com and the Executive Director at katrina@obesitymedicine.org 24 hours in advance of the meeting. Please include your reason for requesting discussion/deliberation on the issue. 15. August 4, 2020 Board of Trustee Meeting Minutes 16. Ex officio 20-21 Board Appointment 17. OMA Advocacy Toolkit 18. ASMBS – Nomination to U.S. Preventive Services Task Force 19. Banking Accounts Resolution – Authorization for Katrina Crist 20. Investment Accounts Resolution – Authorization for Katrina Crist Class I Documents – Provided for your information to keep you updated and in the loop of communication on items as needed. 21. Fall and Spring 2020 Virtual Conference Actuals Compared to In-Person Budget

Doc#3 : 2020 September OMA Financial Dashboard

Will be inserted and/or sent later

Obesity Medicine Association

Financial Statements September 30, 2020

Obesity Medicine Association

Financial Statements September 30, 2020

TABLE OF CONTENTS

Pages

Balance Sheet: Balance Sheet - September 30, 2020 vs. Prior Year Comparison

3

Profit & Loss vs. Budget: Profit & Loss vs. Budget - Current Month,Year-To-Date and Annual Budget, in Summary

4

Profit & Loss vs. Budget - Current Month, Year-To-Date and Annual Budget, in Detail

5 - 10

Obesity Medicine Association Balance Sheet Prev Year Comparison As of September 30, 2020

Sep 30, 20

Sep 30, 19

$ Change

ASSETS

Current Assets

Checking/Savings MetLife Shares

$

-

$

-

$

-

MidFirst Bank

552,500.85

743,908.65

(191,407.80)

Petty Cash

-

300.50

(300.50)

Total Checking/Savings

552,500.85

744,209.15

(191,708.30)

Accounts Receivable

Accounts Receivable

5,400.00

6,122.00

(722.00) -

Other

-

-

Total Accounts Receivable

5,400.00

6,122.00

(722.00)

Other Current Assets 12120 - Receivable - Amazon

-

-

-

Disputed Charges Receivable

-

(71.92)

71.92

NPHF-MYCME.COM Grant Receivable Prepaid Rent

-

5,370.00 -

(5,370.00)

-

Due From/To OTF

22.50

3,876.64

(3,854.14)

Prepaid Expenses

9,759.45

25,268.46

(15,509.01)

Prepaid Rent

-

10,428.91

(10,428.91)

Prepaid Postage

666.87

-

666.87

Total Other Current Assets

10,448.82

44,872.09

(34,423.27)

Total Current Assets

568,349.67

795,203.24

(226,853.57)

Fixed Assets

Accum Depr - Furn and Equip

(101,121.45)

(88,228.47)

(12,892.98)

Furniture and Equipment

139,711.60

127,343.66

12,367.94

Total Fixed Assets

38,590.15

39,115.19

(525.04)

Other Assets

Investment Accounts

Stifel 4044-2357

655,439.15

319,522.78

335,916.37

Stif 7721-7968 Current Inc Port

668,128.06

683,670.40

(15,542.34)

Stifel 6770-5016 Int Term Bonds

629,177.51

724,158.23

(94,980.72)

Stifel EC46 3917-3260

3,121,410.14

3,393,231.65

(271,821.51)

Stifel EC46 4895-8499

104,773.54

549,705.37

(444,931.83)

Total Investment Accounts

5,178,928.40

5,670,288.43

(491,360.03)

18700 - Security Deposits

500.00

-

500.00

Total Other Assets

5,179,428.40

5,670,288.43

(490,860.03)

TOTAL ASSETS

5,786,368.22

6,504,606.86

(718,238.64)

LIABILITIES & NET ASSETS

Liabilities

Current Liabilities

Accounts Payable

15,274.99

41,596.02

(26,321.03)

American Express

27,518.76

213,695.89

(186,177.13)

Other Current Liabilities

Sales Tax Payable

42.10

87.53

(45.43)

Deferred Revenue - Exh,Spon,Ads Registration

-

5,510.00 -

(5,510.00)

-

Deferred Revenue - Membership

818,719.29

834,481.60

(15,762.31)

Accrued Leave and Payroll

14,414.68

-

14,414.68

Total Other Current Liabilities

833,176.07

840,079.13

(6,903.06)

Total Current Liabilities

875,969.82

1,095,371.04

(219,401.22)

Total Liabilities

875,969.82

1,095,371.04

(219,401.22)

Net Assets

Unrestricted Net Assets

4,910,398.40

5,409,235.82

(498,837.42)

Total Net Assets

4,910,398.40

5,409,235.82

(498,837.42)

TOTAL LIABILITIES & NET ASSETS

$

5,786,368.22

$

6,504,606.86

$

(718,238.64)

Page 3 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Sep 20

Budget

$ Over Budget Jan - Sep 20 YTD Budget

$ Over Budget Annual Budget

Ordinary Income/Expense

Income

4100 Membership Services

$

87,558.95

112,000.00 $

$

(24,441.05)

$

938,078.70

1,008,000.00 $

$

(69,921.30)

1,344,000.00 $

4130 State Chapters

-

8,437.50

(8,437.50)

-

75,937.50

(75,937.50)

101,250.00

4150 Education Products & Serv

85,788.13

77,500.01

8,288.12

462,687.68

697,499.97

(234,812.29)

930,000.00

4300 Spring Conference

(350.00)

67,083.33

(67,433.33)

292,015.50

603,750.01

(311,734.51)

805,000.00

4340 Virtual Conference

-

9,583.34

(9,583.34)

-

86,249.98

(86,249.98)

115,000.00

4350 Fall Conference

209,534.95

100,125.00

109,409.95

233,723.95

901,125.00

(667,401.05)

1,201,500.00

4400 Publications

1,500.00

12,291.67

(10,791.67)

41,450.00

110,624.99

(69,174.99)

147,500.00

4700 Administration

(54,583.10)

-

(54,583.10)

140,312.74

-

140,312.74

-

4900 Fundamentals Courses

14,800.00

14,225.00

575.00

145,584.25

128,025.00

17,559.25

170,700.00

4910 Advanced 2-Day Course

-

4,700.00

(4,700.00)

-

42,300.00

(42,300.00)

56,400.00

4950 Direct Public Support

-

-

-

90,000.00

-

90,000.00

-

Total Income

344,248.93

405,945.85

(61,696.92)

2,343,852.82

3,653,512.45

(1,309,659.63)

4,871,350.00

Expense

5100 -Membership Services

1,986.33

10,583.34

(8,597.01)

7,149.39

95,249.98

(88,100.59)

127,000.00

5130 State Chapters

-

13,333.33

(13,333.33)

39,775.96

120,000.01

(80,224.05)

160,000.00

5140 Education

9,994.13

11,541.66

(1,547.53)

90,364.60

103,875.02

(13,510.42)

138,500.00

5200 Board of Trustees

-

8,983.34

(8,983.34)

6,189.48

80,849.98

(74,660.50)

107,800.00

5220 External Prof Meetings

-

6,466.66

(6,466.66)

17,913.87

58,200.02

(40,286.15)

77,600.00

5240 Certificates

-

250.00

(250.00)

-

2,250.00

(2,250.00)

3,000.00

5270 Accreditation Cost

2,775.00

2,200.43

574.57

15,410.00

19,803.71

(4,393.71)

26,405.00

5300 Spring Conference

-

51,458.34

(51,458.34)

110,404.42

463,124.98

(352,720.56)

617,500.00

5350 Fall Conference

10,568.28

63,750.00

(53,181.72)

79,459.74

573,750.00

(494,290.26)

765,000.00

5500 Personnel

117,543.48

134,823.91

(17,280.43)

1,071,803.49

1,213,415.27

(141,611.78)

1,617,887.00

5600 Professional Services

40,548.84

55,125.00

(14,576.16)

548,078.17

496,125.00

51,953.17

661,500.00

5700 Office Expenses

13,665.12

30,975.68

(17,310.56)

228,859.03

278,780.96

(49,921.93)

371,708.00

5820 Virtual Conference

-

4,583.34

(4,583.34)

-

41,249.98

(41,249.98)

55,000.00

5900 Fundamentals Expenses

4,941.84

9,324.99

(4,383.15)

53,074.65

83,925.03

(30,850.38)

111,900.00

5940 2-Day Advanced Course

-

2,545.83

(2,545.83)

-

22,912.51

(22,912.51)

30,550.00

Total Expense

202,023.02

405,945.85

(203,922.83)

2,268,482.80

3,653,512.45

(1,385,029.65)

4,871,350.00

Net Ordinary Income

142,225.91

-

142,225.91

75,370.02

-

75,370.02

-

9006 IT Infrastructure Expense

-

-

-

86,540.00

-

86,540.00

Net Income

$

142,225.91

$

-

$

142,225.91

$

(11,169.98)

$

-

$

(11,169.98)

$

-

Page 4 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

Ordinary Income/Expense

Income

4100 Membership Services

4101 Membership Dues

87,558.95 $

106,166.67 $

$

(18,607.72)

1 808,078.70 $

955,499.99 $

(147,421.29) $

86 1,274,000.00 $

4102 Corporate Advisory Council

-

5,833.33

(5,833.33)

2 130,000.00

52,500.01

77,499.99

87

70,000.00

Total 4100 Membership Services

87,558.95

112,000.00

(24,441.05)

938,078.70

1,008,000.00

(69,921.30)

1,344,000.00

4130 State Chapters

4131 State Chapter Dues

-

1,562.50

(1,562.50)

3

-

14,062.50

(14,062.50)

88

18,750.00

4132 Chapter Education

-

3,125.00

(3,125.00)

4

-

28,125.00

(28,125.00)

89

37,500.00

4133 Sponsorships & Advertise

-

1,250.00

(1,250.00)

5

-

11,250.00

(11,250.00)

90

15,000.00

4134 Exhibits

-

2,500.00

(2,500.00)

6

-

22,500.00

(22,500.00)

91

30,000.00

Total 4130 State Chapters

-

8,437.50

(8,437.50)

-

75,937.50

(75,937.50)

101,250.00

4150 Education Products & Serv

4104 Merchandise Sales

2,771.20

2,916.67

(145.47)

24,954.75

26,249.99

(1,295.24)

92

35,000.00

4105 Book Sales

1,058.33

1,666.67

(608.34)

11,727.33

14,999.99

(3,272.66)

93

20,000.00

4107 Digital CME(Academy)

58,291.60

62,500.00

(4,208.40)

7 364,191.70

562,500.00

(198,308.30)

94

750,000.00

4108 Syllabus Sales

13,485.00

2,083.33

11,401.67

8

22,310.00

18,750.01

3,559.99

95

25,000.00

4111 Prof Badge & Cert Fees

1,050.00

1,666.67

(616.67)

5,350.00

14,999.99

(9,649.99)

96

20,000.00

4113 SAP

6,972.00

2,916.67

4,055.33

9

15,851.00

26,249.99

(10,398.99)

97

35,000.00

4114 Algorithm Sales

2,160.00

3,333.33

(1,173.33)

10

18,158.90

30,000.01

(11,841.11)

98

40,000.00

4115 Webinars & Podcasts

-

416.67

(416.67)

144.00

3,749.99

(3,605.99)

99

5,000.00

Total 4150 Education Products & Serv 85,788.13

77,500.01

8,288.12

462,687.68

697,499.97

(234,812.29)

930,000.00

4300 Spring Conference

4310 Spr - Educational Grant

-

1,666.67

(1,666.67)

11

2,500.00

14,999.99

(12,499.99) 100

20,000.00

4301 Spr - Misc

-

-

-

-

-

-

-

4302 Spr - Ads Program

-

833.33

(833.33)

1,050.00

7,500.01

(6,450.01) 101

10,000.00

4303 Spr - Sponsorships

-

3,333.33

(3,333.33)

12

2,700.00

30,000.01

(27,300.01) 102

40,000.00

4304 Spr - Exhibits

-

10,833.33

(10,833.33)

13

1,500.00

97,500.01

(96,000.01) 103

130,000.00

4305 Spr - Registration

(350.00)

50,000.00

(50,350.00)

14 284,265.50

450,000.00

(165,734.50) 104

600,000.00

4309 Spr - Livestream Attendees

-

416.67

(416.67)

-

3,749.99

(3,749.99) 105

5,000.00

Total 4300 Spring Conference

(350.00)

67,083.33

(67,433.33)

292,015.50

603,750.01

(311,734.51)

805,000.00

4340 Virtual Conference

4341 Program Ads

-

416.67

(416.67)

-

3,749.99

(3,749.99) 106

5,000.00

4342 Sponsorships

-

1,250.00

(1,250.00)

15

-

11,250.00

(11,250.00) 107

15,000.00

4343 Exhibits

-

1,250.00

(1,250.00)

16

-

11,250.00

(11,250.00) 108

15,000.00

4344 Registrations

-

1,666.67

(1,666.67)

17

-

14,999.99

(14,999.99) 109

20,000.00

4345 Grants

-

5,000.00

(5,000.00)

18

-

45,000.00

(45,000.00) 110

60,000.00

Total 4340 Virtual Conference

-

9,583.34

(9,583.34)

-

86,249.98

(86,249.98)

115,000.00

4350 Fall Conference

4359 Fall - Educational Grant

-

1,666.67

(1,666.67)

19

-

14,999.99

(14,999.99) 111

20,000.00

4351 Fall - Misc

-

416.67

(416.67)

900.00

3,749.99

(2,849.99) 112

5,000.00

4352 Fall - Ads Program

3,480.00

375.00

3,105.00

20

3,480.00

3,375.00

105.00

4,500.00

4353 Fall - Sponsorships

10,435.00

7,083.33

3,351.67

21

15,135.00

63,750.01

(48,615.01) 113

85,000.00

4354 Fall - Exhibits

11,900.00

12,500.00

(600.00)

19,655.00

112,500.00

(92,845.00) 114

150,000.00

4355 Fall - Registration

183,719.95

77,500.00

106,219.95

22 194,553.95

697,500.00

(502,946.05) 115

930,000.00

4360 Fall - Livestream Attendee

-

583.33

(583.33)

-

5,250.01

(5,250.01) 116

7,000.00

Total 4350 Fall Conference

209,534.95

100,125.00

109,409.95

233,723.95

901,125.00

(667,401.05)

1,201,500.00

4400 Publications

4402 Ads - Newsletter

-

4,166.67

(4,166.67)

23

14,100.00

37,499.99

(23,399.99) 117

50,000.00

4403 Ads-Website/Social/Drctory

-

4,375.00

(4,375.00)

24

6,850.00

39,375.00

(32,525.00) 118

52,500.00

Page 5 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

4404 Ads - Education

1,500.00

2,916.67

(1,416.67)

25

17,500.00

26,249.99

(8,749.99) 119

35,000.00

4405 Ads - Career Center

-

833.33

(833.33)

3,000.00

7,500.01

(4,500.01) 120

10,000.00

Total 4400 Publications

1,500.00

12,291.67

(10,791.67)

41,450.00

110,624.99

(69,174.99)

147,500.00

4700 Administration

4701 Interest Income

14,403.97

-

14,403.97

26 111,178.73

-

111,178.73

121

-

4704 Miscellaneous

2,677.55

-

2,677.55

27

8,673.58

-

8,673.58

122

-

4706 Unrealized Gains/Losses

(71,664.62)

-

(71,664.62)

28

20,460.43

-

20,460.43

123

-

Total 4700 Administration

(54,583.10)

-

(54,583.10)

140,312.74

-

140,312.74

-

4900 Fundamentals Courses

4904 FUN - Educational Grant

-

4,166.67

(4,166.67)

29

75,000.00

37,499.99

37,500.01

124

50,000.00

4905 FUN - Fundamentals Online

1,300.00

1,375.00

(75.00)

8,020.00

12,375.00

(4,355.00) 125

16,500.00

4901 FUN - Registrations

13,500.00

6,600.00

6,900.00

30

45,159.25

59,400.00

(14,240.75) 126

79,200.00

4902 FUN - Exhibits

-

2,083.33

(2,083.33)

31

17,405.00

18,750.01

(1,345.01) 127

25,000.00

Total 4900 Fundamentals Courses

14,800.00

14,225.00

575.00

145,584.25

128,025.00

17,559.25

170,700.00

4910 Advanced 2-Day Course

4911 Registrations

-

4,166.67

(4,166.67)

32

-

37,499.99

(37,499.99) 128

50,000.00

4912 Exhibits

-

533.33

(533.33)

-

4,800.01

(4,800.01) 129

6,400.00

Total 4910 Advanced 2-Day Course

-

4,700.00

(4,700.00)

-

42,300.00

(42,300.00)

56,400.00

4950 Direct Public Support

4951 Corp Contrib for Education

-

-

-

90,000.00

-

90,000.00

130

-

Total 4950 Direct Public Support

-

-

-

90,000.00

-

90,000.00

-

Total Income

344,248.93

405,945.85

(61,696.92)

2,343,852.82

3,653,512.45

(1,309,659.63)

4,871,350.00

Expense

5100 -Membership Services

5101 Postage/Shipping

95.91

833.33

(737.42)

3,652.76

7,500.01

(3,847.25) 131

10,000.00

5102 Printing

-

1,250.00

(1,250.00)

33

1,010.58

11,250.00

(10,239.42) 132

15,000.00

5103 Certificates/Awards/Pins

-

416.67

(416.67)

-

3,749.99

(3,749.99) 133

5,000.00

5105 Marketing

1,890.42

7,916.67

(6,026.25)

34

2,486.05

71,249.99

(68,763.94) 134

95,000.00

5118 External OMA Memberships

-

166.67

(166.67)

-

1,499.99

(1,499.99) 135

2,000.00

Total 5100 -Membership Services

1,986.33

10,583.34

(8,597.01)

7,149.39

95,249.98

(88,100.59)

127,000.00

5130 State Chapters

5131 Marketing

-

1,250.00

(1,250.00)

35

-

11,250.00

(11,250.00) 136

15,000.00

5132 Seed Money

-

3,333.33

(3,333.33)

36

-

30,000.01

(30,000.01) 137

40,000.00

5133 Insurances

-

833.33

(833.33)

-

7,500.01

(7,500.01) 138

10,000.00

5134 Travel Staff & BOT

-

1,666.67

(1,666.67)

37

275.96

14,999.99

(14,724.03) 139

20,000.00

5135 Accounting and Legal Fees

-

1,708.33

(1,708.33)

38

-

15,375.01

(15,375.01) 140

20,500.00

5136 Chapt Formation Agency Fee

-

3,291.67

(3,291.67)

39

39,500.00

29,624.99

9,875.01

141

39,500.00

5137 Education Development

-

1,250.00

(1,250.00)

40

-

11,250.00

(11,250.00) 142

15,000.00

Total 5130 State Chapters

-

13,333.33

(13,333.33)

39,775.96

120,000.01

(80,224.05)

160,000.00

5140 Education

5106 Merchandise

-

833.33

(833.33)

12,144.59

7,500.01

4,644.58

143

10,000.00

5296 Books Production

4,730.21

875.00

3,855.21

41

5,019.96

7,875.00

(2,855.04) 144

10,500.00

5121 Digital CME

-

416.67

(416.67)

-

3,749.99

(3,749.99) 145

5,000.00

5116 Algorithm App

750.00

1,333.33

(583.33)

14,271.83

12,000.01

2,271.82

146

16,000.00

5122 Proficiency Badges

-

416.67

(416.67)

65.63

3,749.99

(3,684.36) 147

5,000.00

5123 Syllabus

3,436.49

2,000.00

1,436.49

42

17,290.37

18,000.00

(709.63)

24,000.00

5124 Webnrs/Podcsts,Student WS 500.00

1,583.33

(1,083.33)

43

18,975.00

14,250.01

4,724.99

148

19,000.00

5125 Salary Calculator

-

-

-

8,000.00

-

8,000.00

149

-

5250 Centers of Excellence&OMEC

-

83.33

(83.33)

-

750.01

(750.01)

1,000.00

5126 SAP

-

2,333.33

(2,333.33)

44

11,830.00

21,000.01

(9,170.01) 150

28,000.00

Page 6 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

5127 Shipping

577.43

166.67

410.76

2,767.22

1,499.99

1,267.23

151

2,000.00

5128 Trademark Fees

-

250.00

(250.00)

-

2,250.00

(2,250.00) 152

3,000.00

5129 Marketing

-

1,250.00

(1,250.00)

45

-

11,250.00

(11,250.00) 153

15,000.00

Total 5140 Education

9,994.13

11,541.66

(1,547.53)

90,364.60

103,875.02

(13,510.42)

138,500.00

5200 Board of Trustees

5201 OMA Conference Travel

-

6,666.67

(6,666.67)

46

-

59,999.99

(59,999.99) 154

80,000.00

5206 Other Travel

-

1,666.67

(1,666.67)

47

5,951.20

14,999.99

(9,048.79) 155

20,000.00

5202 Meeting Expenses

-

225.00

(225.00)

-

2,025.00

(2,025.00) 156

2,700.00

5203 Printing and Postage

-

8.33

(8.33)

238.28

75.01

163.27

100.00

5204 Leadership Development

-

416.67

(416.67)

-

3,749.99

(3,749.99) 157

5,000.00

Total 5200 Board of Trustees

-

8,983.34

(8,983.34)

6,189.48

80,849.98

(74,660.50)

107,800.00

5220 External Prof Meetings

5221 AMA Annual Caucus

-

375.00

(375.00)

-

3,375.00

(3,375.00) 158

4,500.00

5222 AMA Interim Caucus

-

250.00

(250.00)

-

2,250.00

(2,250.00) 159

3,000.00

5223 Obesity Week

-

1,250.00

(1,250.00)

48

-

11,250.00

(11,250.00) 160

15,000.00

5225 AAPA

-

833.33

(833.33)

5,100.00

7,500.01

(2,400.01) 161

10,000.00

5226 AAFP

-

1,000.00

(1,000.00)

11,000.00

9,000.00

2,000.00

162

12,000.00

5227 AANP

-

833.33

(833.33)

-

7,500.01

(7,500.01) 163

10,000.00

5228 EASO

-

291.67

(291.67)

-

2,624.99

(2,624.99) 164

3,500.00

5229 Blackburn Course

-

500.00

(500.00)

1,405.00

4,500.00

(3,095.00) 165

6,000.00

5231 Lifestyle Medicine

-

800.00

(800.00)

-

7,200.00

(7,200.00) 166

9,600.00

5232 Misc

-

333.33

(333.33)

408.87

3,000.01

(2,591.14) 167

4,000.00

Total 5220 External Prof Meetings

-

6,466.66

(6,466.66)

17,913.87

58,200.02

(40,286.15)

77,600.00

5240 Certificates

5241 Production

-

41.67

(41.67)

-

374.99

(374.99)

500.00

5242 Honorarium

-

208.33

(208.33)

-

1,875.01

(1,875.01) 168

2,500.00

Total 5240 Certificates

-

250.00

(250.00)

-

2,250.00

(2,250.00)

3,000.00

5270 Accreditation Cost

5271 AOA

50.00

31.25

18.75

325.00

281.25

43.75

375.00

5272 ACCME

-

791.67

(791.67)

7,500.00

7,124.99

375.01

9,500.00

5273 APA

-

37.50

(37.50)

-

337.50

(337.50)

450.00

5274 AANP/AAPA

1,000.00

416.67

583.33

4,260.00

3,749.99

510.01

5,000.00

5275 AAFP

1,185.00

695.83

489.17

2,665.00

6,262.51

(3,597.51) 169

8,350.00

5279 ACPE

-

50.00

(50.00)

-

450.00

(450.00)

600.00

5277 ACE Social Work

-

41.67

(41.67)

-

374.99

(374.99)

500.00

5280 AAP

450.00

75.00

375.00

450.00

675.00

(225.00)

900.00

5278 CDR Dietician

90.00

19.17

70.83

210.00

172.49

37.51

230.00

5281 Misc

-

41.67

(41.67)

-

374.99

(374.99)

500.00

Total 5270 Accreditation Cost

2,775.00

2,200.43

574.57

15,410.00

19,803.71

(4,393.71)

26,405.00

5300 Spring Conference

5301 Spr - Marketing

-

3,333.33

(3,333.33)

49

14,908.12

30,000.01

(15,091.89) 170

40,000.00

5302 Spr - Printing Event/Edu

-

416.67

(416.67)

131.64

3,749.99

(3,618.35) 171

5,000.00

5303 Spr - Postage/Shipping

-

166.67

(166.67)

183.52

1,499.99

(1,316.47) 172

2,000.00

5304 Spr - Exhibit Services

-

416.67

(416.67)

-

3,749.99

(3,749.99) 173

5,000.00

5305 Spr - Insurance

-

208.33

(208.33)

-

1,875.01

(1,875.01) 174

2,500.00

5306 Spr - Supplies

-

83.33

(83.33)

2,223.91

750.01

1,473.90

175

1,000.00

5307 Spr - Travel

-

1,750.00

(1,750.00)

50

5,248.02

15,750.00

(10,501.98) 176

21,000.00

5308 Spr - Food & Beverage

-

30,416.67

(30,416.67)

51

550.00

273,749.99

(273,199.99) 177

365,000.00

5320 Spr - AV Services

-

4,416.67

(4,416.67)

52

23,835.00

39,749.99

(15,914.99) 178

53,000.00

5321 Spr - Rental Fee

-

1,666.67

(1,666.67)

53

-

14,999.99

(14,999.99) 179

20,000.00

Page 7 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

5322 Spr - Badge Services

-

833.33

(833.33)

5,325.00

7,500.01

(2,175.01) 180

10,000.00

5323 Spr - External Events

-

2,083.33

(2,083.33)

54

12,897.50

18,750.01

(5,852.51) 181

25,000.00

5309 Spr - Faculty Travel

-

1,875.00

(1,875.00)

55

-

16,875.00

(16,875.00) 182

22,500.00

5319 Spr - Honoraria

-

1,875.00

(1,875.00)

56

39,800.00

16,875.00

22,925.00

183

22,500.00

5314 Spr - Misc

-

416.67

(416.67)

25.00

3,749.99

(3,724.99) 184

5,000.00

5311 Spr - Contract Labor

-

166.67

(166.67)

-

1,499.99

(1,499.99) 185

2,000.00

5312 Spr - Technology

-

1,333.33

(1,333.33)

57

5,276.71

12,000.01

(6,723.30) 186

16,000.00

Total 5300 Spring Conference

-

51,458.34

(51,458.34)

110,404.42

463,124.98

(352,720.56)

617,500.00

5350 Fall Conference

5351 Fall - Marketing

1,988.28

3,166.67

(1,178.39)

58

5,247.89

28,499.99

(23,252.10) 187

38,000.00

5352 Fall - Printing Event/Edu

-

666.67

(666.67)

-

5,999.99

(5,999.99) 188

8,000.00

5353 Fall - Postage/Shipping

-

333.33

(333.33)

25.81

3,000.01

(2,974.20) 189

4,000.00

5354 Fall - Exhibit Services

-

666.67

(666.67)

350.00

5,999.99

(5,649.99) 190

8,000.00

5355 Fall - Insurance

-

250.00

(250.00)

1,726.33

2,250.00

(523.67)

3,000.00

5356 Fall - Supplies

-

250.00

(250.00)

-

2,250.00

(2,250.00) 191

3,000.00

5357 Fall - Travel

-

2,083.33

(2,083.33)

59

363.07

18,750.01

(18,386.94) 192

25,000.00

5358 Fall - Food & Beverage

-

41,666.67

(41,666.67)

60

-

374,999.99

(374,999.99) 193

500,000.00

5363 Fall - AV Services

8,580.00

4,583.33

3,996.67

61

50,419.00

41,250.01

9,168.99

194

55,000.00

5364 Fall - Rental Fee

-

166.67

(166.67)

-

1,499.99

(1,499.99) 195

2,000.00

5365 Fall - Badge Services

-

833.33

(833.33)

8,130.00

7,500.01

629.99

10,000.00

5366 Fall - External Events

-

3,250.00

(3,250.00)

62

1,920.93

29,250.00

(27,329.07) 196

39,000.00

5369 Fall - Honoraria

-

2,083.33

(2,083.33)

63

7,000.00

18,750.01

(11,750.01) 197

25,000.00

5359 Fall - Faculty Travel

-

2,083.33

(2,083.33)

64

-

18,750.01

(18,750.01) 198

25,000.00

5360 Fall - Contract Labor

-

166.67

(166.67)

-

1,499.99

(1,499.99) 199

2,000.00

5361 Fall - Moderator

-

166.67

(166.67)

-

1,499.99

(1,499.99) 200

2,000.00

5370 Fall - Technology

-

1,333.33

(1,333.33)

65

4,276.71

12,000.01

(7,723.30) 201

16,000.00

Total 5350 Fall Conference

10,568.28

63,750.00

(53,181.72)

79,459.74

573,750.00

(494,290.26)

765,000.00

5500 Personnel

5501 Payroll Expense

97,673.55

108,333.33

(10,659.78)

66 798,614.77

975,000.01

(176,385.24) 202 1,300,000.00

5502 Payroll Taxes

6,939.27

11,666.67

(4,727.40)

67

64,226.01

104,999.99

(40,773.98) 203

140,000.00

5503 Benefits

12,286.51

11,898.92

387.59

97,015.14

107,090.24

(10,075.10) 204

142,787.00

5504 Staff Development

-

833.33

(833.33)

5,938.11

7,500.01

(1,561.90) 205

10,000.00

5505 Staff Appreciation

29.69

500.00

(470.31)

3,678.12

4,500.00

(821.88)

6,000.00

5507 Professional Dues

-

133.33

(133.33)

995.00

1,200.01

(205.01)

1,600.00

5509 Temp Agency Staffing

-

833.33

(833.33)

16,742.80

7,500.01

9,242.79

206

10,000.00

5510 Payroll Processing Fees

58.40

208.33

(149.93)

2,331.25

1,875.01

456.24

2,500.00

5506 Travel

158.06

416.67

(258.61)

4,054.10

3,749.99

304.11

5,000.00

5511 Recruitment

398.00

-

398.00

78,208.19

-

78,208.19

207

-

Total 5500 Personnel

117,543.48

134,823.91

(17,280.43)

1,071,803.49

1,213,415.27

(141,611.78)

1,617,887.00

5600 Professional Services

5601 Accounting/Audit

3,308.50

6,666.67

(3,358.17)

68

60,678.35

59,999.99

678.36

80,000.00

5609 Advocacy

5,000.00

5,000.00

-

45,000.00

45,000.00

-

60,000.00

5610 IT Support

1,573.95

2,083.33

(509.38)

13,791.60

18,750.01

(4,958.41) 208

25,000.00

5602 Legal

1,650.00

10,000.00

(8,350.00)

69 158,444.35

90,000.00

68,444.35

209

120,000.00

5603 Investment Acct. Services

76.39

2,083.33

(2,006.94)

70

20,652.53

18,750.01

1,902.52

210

25,000.00

5604 Public Relations & Agency

8,300.00

8,333.33

(33.33)

74,700.00

75,000.01

(300.01)

100,000.00

5605 Education Consultant

10,000.00

11,250.00

(1,250.00)

71

90,000.00

101,250.00

(11,250.00) 211

135,000.00

5607 Contract Labor

5,640.00

166.67

5,473.33

72

11,280.00

1,499.99

9,780.01

212

2,000.00

5611 Web Development & Maint

-

1,416.67

(1,416.67)

73

7,700.00

12,749.99

(5,049.99) 213

17,000.00

5612 Web Hosting

-

208.33

(208.33)

1,391.34

1,875.01

(483.67)

2,500.00

Page 8 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

5613 Marketing Vendors

5,000.00

7,916.67

(2,916.67)

74

64,440.00

71,249.99

(6,809.99) 214

95,000.00

Total 5600 Professional Services

40,548.84

55,125.00

(14,576.16)

548,078.17

496,125.00

51,953.17

661,500.00

5700 Office Expenses

5701 Rent

5,968.80

14,583.33

(8,614.53)

75

93,755.35

131,250.01

(37,494.66) 215

175,000.00

5109 Database

-

3,750.00

(3,750.00)

76

25,647.47

33,750.00

(8,102.53) 216

45,000.00

5702 Supplies

1,911.68

666.67

1,245.01

77

5,617.14

5,999.99

(382.85)

8,000.00

5703 Telephone & Internet

728.92

416.67

312.25

3,790.48

3,749.99

40.49

5,000.00

5704 Office Equipment

-

375.00

(375.00)

5,852.66

3,375.00

2,477.66

217

4,500.00

5716 Office Relocation Cost

(759.30)

1,666.67

(2,425.97)

78

5,230.20

14,999.99

(9,769.79) 218

20,000.00

5706 Printing

-

41.67

(41.67)

373.67

374.99

(1.32)

500.00

5707 Postage/Shipping

-

183.33

(183.33)

56.95

1,650.01

(1,593.06) 219

2,200.00

5708 Insurance

724.53

704.17

20.36

15,348.06

6,337.49

9,010.57

220

8,450.00

5709 Maint and Repairs

-

83.33

(83.33)

554.00

750.01

(196.01)

1,000.00

5710 Bank Charges

3,551.75

6,666.67

(3,114.92)

79

47,829.28

59,999.99

(12,170.71) 221

80,000.00

5715 Software License Fees

357.70

838.17

(480.47)

15,208.94

7,543.49

7,665.45

222

10,058.00

5711 Misc.

166.67

166.67

-

465.50

1,499.99

(1,034.49) 223

2,000.00

5713 Depreciation

1,014.37

833.33

181.04

9,129.33

7,500.01

1,629.32

224

10,000.00

Total 5700 Office Expenses

13,665.12

30,975.68

(17,310.56)

228,859.03

278,780.96

(49,921.93)

371,708.00

5820 Virtual Conference

5821 Platform Hosting

-

2,916.67

(2,916.67)

80

-

26,249.99

(26,249.99) 225

35,000.00

5822 Content Development

-

416.67

(416.67)

-

3,749.99

(3,749.99) 226

5,000.00

5823 Honorarium

-

833.33

(833.33)

-

7,500.01

(7,500.01) 227

10,000.00

5824 Marketing

-

416.67

(416.67)

-

3,749.99

(3,749.99) 228

5,000.00

Total 5820 Virtual Conference

-

4,583.34

(4,583.34)

-

41,249.98

(41,249.98)

55,000.00

5900 Fundamentals Expenses

5901 FUN - Marketing

155.66

1,125.00

(969.34)

3,026.76

10,125.00

(7,098.24) 229

13,500.00

5902 FUN - Facilities

50.00

3,333.33

(3,283.33)

81

19,009.92

30,000.01

(10,990.09) 230

40,000.00

5903 FUN - Staff Travel

-

1,125.00

(1,125.00)

82

1,512.40

10,125.00

(8,612.60) 231

13,500.00

5904 FUN - Faculty Honorarium 4,500.00

1,416.67

3,083.33

83

9,000.00

12,749.99

(3,749.99) 232

17,000.00

5905 FUN - Printing

-

658.33

(658.33)

3,222.27

5,925.01

(2,702.74) 233

7,900.00

5906 FUN - Postage

209.79

333.33

(123.54)

871.80

3,000.01

(2,128.21) 234

4,000.00

5907 FUN - Supplies

-

83.33

(83.33)

8.20

750.01

(741.81)

1,000.00

5909 FUN - Faculty Travel

-

-

-

1,169.56

-

1,169.56

235

-

5912 FUN - AV & Digital Recordings

26.39

1,250.00

(1,223.61)

84

15,253.74

11,250.00

4,003.74

236

15,000.00

Total 5900 Fundamentals Expenses

4,941.84

9,324.99

(4,383.15)

53,074.65

83,925.03

(30,850.38)

111,900.00

5940 2-Day Advanced Course

5941 Marketing

-

208.33

(208.33)

-

1,875.01

(1,875.01) 237

2,500.00

5942 Facilities

-

1,000.00

(1,000.00)

85

-

9,000.00

(9,000.00) 238

12,000.00

5943 Staff Travel

-

250.00

(250.00)

-

2,250.00

(2,250.00) 239

3,000.00

5944 Faculty Honora & Travel

-

416.67

(416.67)

-

3,749.99

(3,749.99) 240

5,000.00

5945 Printing

-

150.00

(150.00)

-

1,350.00

(1,350.00) 241

1,800.00

5946 Postage

-

83.33

(83.33)

-

750.01

(750.01)

1,000.00

5947 Supplies

-

20.83

(20.83)

-

187.51

(187.51)

250.00

5948 AV

-

416.67

(416.67)

-

3,749.99

(3,749.99) 242

5,000.00

Total 5940 2-Day Advanced Course

-

2,545.83

(2,545.83)

-

22,912.51

(22,912.51)

30,550.00

Total Expense

202,023.02

405,945.85

(203,922.83)

2,268,482.80

3,653,512.45

(1,385,029.65)

4,871,350.00

Net Ordinary Income

142,225.91

-

142,225.91

75,370.02

-

75,370.02

-

9006 IT Infrastructure Expense

-

-

-

86,540.00

-

86,540.00

-

Net Income

142,225.91 $

$

-

$

142,225.91

(11,169.98) $

$

-

$

(11,169.98)

$

-

Page 9 of 10

Obesity Medicine Association Profit & Loss Budget Performance September 2020

Foot note Jan - Sep 20 YTD Budget $ Over Budget

Foot note Annual Budget

Sep 20

Budget

$ Over Budget

1 Under Budget

50 Under Budget

99 Under Budget

148 Over Budget

197 Under Budget

2 Under Budget

51 Under Budget

100 Under Budget

149 Over Budget

198 Under Budget

3 Under Budget

52 Under Budget

101 Under Budget

150 Under Budget

199 Under Budget

4 Under Budget

53 Under Budget

102 Under Budget

151 Over Budget

200 Under Budget

5 Under Budget

54 Under Budget

103 Under Budget

152 Under Budget

201 Under Budget

6 Under Budget

55 Under Budget

104 Under Budget

153 Under Budget

202 Under Budget

7 Under Budget

56 Under Budget

105 Under Budget

154 Under Budget

203 Under Budget

8 Over Budget

57 Under Budget

106 Under Budget

155 Under Budget

204 Under Budget

9 Over Budget

58 Under Budget

107 Under Budget

156 Under Budget

205 Under Budget

10 Under Budget

59 Under Budget

108 Under Budget

157 Under Budget

206 Over Budget

11 Under Budget

60 Under Budget

109 Under Budget

158 Under Budget

207 Over Budget

12 Under Budget

61 Over Budget

110 Under Budget

159 Under Budget

208 Under Budget

13 Under Budget

62 Under Budget

111 Under Budget

160 Under Budget

209 Over Budget

14 Under Budget

63 Under Budget

112 Under Budget

161 Under Budget

210 Over Budget

15 Under Budget

64 Under Budget

113 Under Budget

162 Over Budget

211 Under Budget

16 Under Budget

65 Under Budget

114 Under Budget

163 Under Budget

212 Over Budget

17 Under Budget

66 Under Budget

115 Under Budget

164 Under Budget

213 Under Budget

18 Under Budget

67 Under Budget

116 Under Budget

165 Under Budget

214 Under Budget

19 Under Budget

68 Under Budget

117 Under Budget

166 Under Budget

215 Under Budget

20 Over Budget

69 Under Budget

118 Under Budget

167 Under Budget

216 Under Budget

21 Over Budget

70 Under Budget

119 Under Budget

168 Under Budget

217 Over Budget

22 Over Budget

71 Under Budget

120 Under Budget

169 Under Budget

218 Under Budget

23 Under Budget

72 Over Budget

121 Over Budget

170 Under Budget

219 Under Budget

24 Under Budget

73 Under Budget

122 Over Budget

171 Under Budget

220 Over Budget

25 Under Budget

74 Under Budget

123 Over Budget

172 Under Budget

221 Under Budget

26 Over Budget

75 Under Budget

124 Over Budget

173 Under Budget

222 Over Budget

27 Over Budget

76 Under Budget

125 Under Budget

174 Under Budget

223 Under Budget

28 Under Budget

77 Over Budget

126 Under Budget

175 Over Budget

224 Over Budget

29 Under Budget

78 Under Budget

127 Under Budget

176 Under Budget

225 Under Budget

30 Over Budget

79 Under Budget

128 Under Budget

177 Under Budget

226 Under Budget

31 Under Budget

80 Under Budget

129 Under Budget

178 Under Budget

227 Under Budget

32 Under Budget

81 Under Budget

130 Over Budget

179 Under Budget

228 Under Budget

33 Under Budget

82 Under Budget

131 Under Budget

180 Under Budget

229 Under Budget

34 Under Budget

83 Over Budget

132 Under Budget

181 Under Budget

230 Under Budget

35 Under Budget

84 Under Budget

133 Under Budget

182 Under Budget

231 Under Budget

36 Under Budget

85 Under Budget

134 Under Budget

183 Over Budget

232 Under Budget

37 Under Budget

86 Under Budget

135 Under Budget

184 Under Budget

233 Under Budget

38 Under Budget

87 Over Budget

136 Under Budget

185 Under Budget

234 Under Budget

39 Under Budget

88 Under Budget

137 Under Budget

186 Under Budget

235 Over Budget

40 Under Budget

89 Under Budget

138 Under Budget

187 Under Budget

236 Over Budget

41 Over Budget

90 Under Budget

139 Under Budget

188 Under Budget

237 Under Budget

42 Over Budget

91 Under Budget

140 Under Budget

189 Under Budget

238 Under Budget

43 Under Budget

92 Under Budget

141 Over Budget

190 Under Budget

239 Under Budget

44 Under Budget

93 Under Budget

142 Under Budget

191 Under Budget

240 Under Budget

45 Under Budget

94 Under Budget

143 Over Budget

192 Under Budget

241 Under Budget

46 Under Budget

95 Under Budget

144 Under Budget

193 Under Budget

242 Under Budget

47 Under Budget

96 Under Budget

145 Under Budget

194 Over Budget

48 Under Budget

97 Under Budget

146 Over Budget

195 Under Budget

49 Under Budget

98 Under Budget

147 Under Budget

196 Under Budget

Page 10 of 10