2021-04-21 OMA Agenda - Board of Trustees

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Board of Trustees Meeting April 21, 2021 4:00 pm – 6:00pm Mountain Daylight Time (MDT) Denver Local Time Via computer, tablet, or smartphone https://obesitymedicine- org.zoom.us/j/94327319112?pwd=M0x2d3NWei9kM1F6UHlJYURDT24wUT09 Meeting ID: 943 2731 9112 Passcode: 616860 Presiding: Craig Primack, MD, FACP, FAAP, FOMA, President 4:20 Board Nominations and Elections - Policies and Process - Nominating Committee Appointments Craig Primack Katrina Crist Discussion Decision 2,3,4,5 4:40 Treasurer’s Report - Financial Overview - February Financial Statements Lydia Alexander Katrina Crist Report 6,7 4:50 Gov’t Relations/Advocacy - Request for Fee Increase Katrina Crist Decision 8 5:00 Spring Conference 2021 Joan Hablutzel Report 5:05 Strategic Retreat Craig Primack Discussion Decision 5:10 Journal Working Group Recommendations Harold Bays Decision 1 5:50 Consent Agenda/Class II Documents • December 15, 2020 • February 22, 2021 Minutes • AMA RUC Nominations Craig Primack Decision 9 1 1 0 1, 12 5:55 New/Other Business Craig Primack Introduction 6:00 Call to Adjourn and Closing Remarks Craig Primack Adjourn Time 4:00 4:02 4:15 4:17 Topic Lead Craig Primack Order Craig Primack Closed Session Craig Primack Decision Lydia Alexander Declarations Action Doc# Call to Order and Opening Remarks Executive Session Approval of the Agenda Conflict of Interest Disclosures

Board of Trustees - Briefing Documents Classification Class III Documents – Materials to be thoroughly reviewed in advance of the board meeting in preparation of introducing motions for deliberation and decision-making. 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. Class I Documents – Provided for your information to keep you updated and in the loop of communication on items as needed.

2021 Timeline for Nominations and Election of Board of Trustee Positions

TIMELINE

Deadline

Call for applications included in e-Newsletter/launch Deadline to submit application/COI to OMA office

6/1/2021 6/21/2021 6/23/2021 7/1/2021 7/7/2021 7/8/2021 7/12/2021 7/19/2021 8/19/2021 8/23/2021 8/25/2021 Sept e- Newsletter

Nominating Committee Call: discuss interview process / assign callers Deadline for Committee Members to submit written / verbal eval

Nominating Committee Call to discuss candidates Proposed ballot sent to Board for approval Deadline for Board Members to Vote on Proposed Ballot Elections Open and Ballot Sent to Eligible Members

Voting Period Closes

Deadline for Tallying of Votes and Determination of Election Outcomes

Notification to Those Elected and Not Elected

Public Announcement to Members

9/24 or 25/2021

Installation of Officers and Elected Board Members

Abstracted from OMA Bylaws Adopted in June 2019 Article 7 Committees Section 7.03 Nominating Committee. The composition, function and operation of the Nominating Committee shall be as follows: (a) Composition. The Nominating Committee shall be composed of the PresidentElect, who shall serve as the chairperson of the Nominating Committee; and four Association members who are appointed by the Board of Trustees. In the absence of the President-Elect, the Vice- President shall serve as the chairperson. (b) Basic Function. The basic function of the Nominating Committee shall be to identify qualified nominees for Board of Trustee and officer positions and such other positions as may be provided for in these bylaws or delegated to the committee by the Board, and to evaluate whether such nominees satisfy the criteria set forth in Article 8 and are willing to serve in such positions, if elected. (c) Term. Nominating Committee members shall serve no more than three (3) consecutive one-year terms. (d) Vacancies. Any member of the Nominating Committee who desires to seek election or re-election to the Board of Trustees or any officer position shall resign from the committee and shall notify the Committee Chairperson on or before the commencement of any meetings of the Nominating Committee, held with respect to such positions. In the event of such resignation, the Board shall fill the vacancy. In addition, if a vacancy occurs on the Nominating Committee by reason of a death, disability or other reasons, such position shall be filled by the Board.

Article 8 Nomination and Election of Trustees and Officers Section 8.01 Nomination and Election Process. Each year the voting members of the Association elect Board of Trustee members and officers of the Association that are up for election. For each election year approximately one-half of the at-large members of the Board of Trustees are elected by the membership. The election process shall be held by electronic ballot or other manner determined by the Board. The nomination and election process is further described in this Article 8. Section 8.02 Criteria for Board of Trustee Positions. The criteria are as follows: (a) An Association member in good standing in a membership category eligible to hold elective office under Article 2 of these Bylaws for at least two (2) years at the time of taking office. (b) In order to be eligible to serve as a member of the Board of Trustees elected by the Membership, such members must be board certified by the American Board of Obesity Medicine at the time of election and qt the time of taking office ( except for the Nurse Practitioner/ Physician Assistant member of the Board of Trustees, which member must hold an OMA Proficiency Certificate or equivalent (as determined by the Board) at the time of election and at the time of taking office). (c) Willingness to observe fiduciary duties including the duties of obedience, loyalty and care to the Association. ( d) Willingness to comply with the Association's conflict of interest policy. ( e) Willingness to maintain the confidentiality of Association information and protect Association intellectual property, and to sign agreements to this effect, in a form approved by the Board. (f) Ability to contribute necessary time to attend two Board of Trustee meetings per year in person and participate in conference calls and email communications as needed. Ability to travel for the Association upon request by the Board, monitor Association committees and participate in Association conference calls and the strategic planning sessions as needed. (g) Ability to contribute necessary time to monitor and participate in committees. Section 8.03 Criteria for Elected Officer Positions. The criteria are as follows: (a) Must satisfy the criteria set forth in Section 8.02 above. (b) Experience having served one full term as a member of the Board of Trustees at the time of taking Office, and for the President-Elect having served previously as an Officer of the Association. (c) For purposes of clarification, Nurse Practitioner/Physician Assistant members are not eligible to be an Officer. Section 8.04 Selection Process for Elected Board of Trustee and Elected Officer Positions by Nominating Committee. The selection process utilizing the Nominating Committee is as follows: (a) Interested and eligible Members must complete an Association nomination application form developed by the Nominating Committee for the position to which they wish to be considered and a conflict of interest form and return the completed forms to the Nominating Committee and Executive Director prior to deadlines established by the Nominating Committee. In addition, the nominee must confirm his or her expectation of the time commitment for the position, confirm eligibility and provide information relative to the criteria for the applicable position and indicate that they are willing and able to serve in the position.

(b) The Nominating Committee shall review the application and conflict of interest forms and other information and select at least one and preferably more than one qualified candidate for each position for recommendation to the voting membership. (c) The candidates recommended by the Nominating Committee shall be presented to the Board of Trustees for its final approval before the mailing of an election ballot to the Membership. Section 8.05 Election Procedure for Elected Board of Trustee and Elected Officer Positions. Candidates recommended by the Nominating Committee shall be chosen pursuant to the following procedure: a) Preparation of Ballot. The Board of Trustees shall inform the Association staff in a timely manner of the slate of candidates for the purposes of preparing an electronic ballot and candidate information. b) Candidate Information. Each candidate shall have an opportunity to provide information about their qualifications and interests in serving in their respective position. Such information shall be reviewed and approved by the Nominating Committee and Executive Director and will accompany the electronic ballot when disseminated to the membership online. Candidates shall adhere to campaign rules and policies adopted by the Board, and failure to abide by those rules and policies may result in the Board taking remedial action, including declaring the ineligibility of the candidate. c) Election. The ballot and related candidate information shall be delivered electronically to all eligible Association members. Votes must be cast according to rules and processes adopted by the Board. The Association executive staff shall tally the votes under the direction of the Immediate Past President and announce the results of the election to the members.

Board of Trustees Election Campaign Rules Approved May 29, 2019

Board of Trustees Election Campaign Rules These Obesity Medicine Association (“OMA”) Candidate Campaign Rules (the “Rules”) for Board of Trustees elections outline the activities by which candidates can campaign for a position as an OMA Officer or member of the OMA Board of Trustees (the “OMA leadership”). OMA leadership elections are collegial competitions, and candidates for such positions may engage only in positive campaigning. As such, OMA will not tolerate any negative campaigning and has the authority to remove candidates from the election process if violations occur. A carefully considered nominations and election process has been established in the OMA Bylaws. Each candidate shall have an opportunity to provide requested information about their qualifications and interests in serving in the respective OMA leadership position they are seeking. Such information shall be reviewed and approved by the OMA Nominating Committee and Executive Director and will accompany the electronic ballot when disseminated to the membership. E.g., Current activities of candidates in acknowledged competitive professional societies or associations, such as active board of trustee memberships in competitive organizations, may lead to disqualification of candidacy. Failure to abide by these rules may result in the OMA Board of Trustees taking remedial action, including, without limitation, suspending the election process, declaring the ineligibility of a candidate, or other remedial action. Candidate Campaign Materials Campaign materials shall mean any document, electronic transmission, object, or other information and materials that has the purpose or effect of promoting the candidacy of an individual for an OMA leadership position. As applicable, all campaign materials must carry an identification of their source. Production and distribution of campaign materials constitute campaign activities, and actual expenses incurred must be by the candidate, not OMA or any third party or via direct or indirect sponsorship of the candidate by a third party. Campaign materials shall refrain from including any negative remarks as to the other candidates or the OMA or OMA staff and shall not contain any lude or offensive illustrations or language in promoting the candidate. The OMA will provide each verified candidate with a candidate’s web presence created by OMA staff that features the following for each candidate nominated that the nominee would be required to provide equally: 1. Candidate Campaign Rules 2. OMA Conflict of Interest Policy and Disclosure Rules 3. Photo of the candidate 4. Biographical information listed on the leadership application 5. A Personal Candidate Statement (no more than 500 words) that provides insight in the candidates personality and opinions regarding the following: a. Tell your peers who you are in regards to your current role and position held and your professional aspirations. b. Why do you want to become an OMA Board of Trustee member, and why do you think you would make an effective and collegial OMA Board of Trustee member? c. Do you know what the OMA’s current goals and objectives are, and what are your top 3 goals and objectives that you see most important for the OMA to accomplish and why? d. How do you think your talents and skills will best serve the OMA and its members? e. Why do you have a passion for obesity medicine? 6. Possible candidate conflicts of interest and disclosures as submitted on the OMA Conflict of Interest Policy and Disclosure Statement

OMA Policy on Using Social Media for Campaigning Candidates for OMA leadership positions may use their own social media websites and applications such as, but not limited to, Facebook, Twitter, YouTube, and LinkedIn to campaign. However, candidates are not allowed to campaign on any OMA social media sites, including the OMA LinkedIn Group. At no time will the OMA provide anyone with member or non-member contact information, social media profiles, or any other contact channel information. All campaign contacts will have to be obtained by the candidates on their own accord. Endorsements of Candidates

Candidates for OMA leadership positions cannot claim to be endorsed by third parties. Under these Rules, Candidates, OMA Members, or Other Third Parties May Not: • Use or purchase OMA membership lists for campaigning purposes • Engage in false or misleading campaign activities

• Utilize confidential information or violate other OMA policies in campaign activities • Pursue blast or bulk e-mails, blast or bulk-faxes, or bulk mailing for campaigning purposes • Campaign during any CME activities • Engage in any form of negative campaigning, including speaking about an opponent, disparaging the opponent in any way, or encouraging others to do the same • Use or distribute OMA funds to support, publicize, or encourage support or endorsement, or to oppose the candidacy of an individual or group of individuals • Lend the use of OMA facilities or conference locations, such as office space, equipment, supplies, or official letterhead of OMA, to support or oppose the candidacy of an individual or group of individuals • Use the OMA logo or any other OMA trademark or intellectual property to promote a candidate for office, or on any related campaign material • Give a gift or anything of value to an OMA member in exchange for a vote or endorsement for selected office at any time • Use third-party funds or sponsorship funds to promote the candidate or their candidacy in any way

OMA Leadership Application Thank you for your interest in serving in a leadership role with the OMA Board of Trustees! Please type your responses. Attach additional pages as needed to provide complete answers to the following questions. Only include information and activity that has occurred within the last ten years. Your application MUST BE COMPLETELY filled out with as much DETAIL as possible to be considered. It is strongly recommended that all applicants have been a member for a minimum of three years, have attended a minimum of four OMA events, and have effectively served on at least one OMA committee. At the discretion of the OMA, some or all of the candidate information provided may be included publically on your candidate website.

First Name: __________________________ Middle Name/Initial: ______ Last Name: __________________________ Academic Designation & Professional Credentials (e.g., MD, DO, FAAFP, PA, NP, etc.): _______________________ For which position(s) are you interested in applying? □ Vice President (1-year term) □ Secretary/Treasurer (1 - year term) □ Trustee (2 - year term)

(Note: NP/PA applications are eligible for Trustee position only . This current term does NOT have any open NP/PA slots available. )

List your involvement with OMA committees: Committee name

Position Year(s) served on committee _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________ List any other professional societies or associations in which you are or have been: a member or a board or committee member, and describe your level and length of involvement (e.g., committee chair, board member, general member, etc.). Note: active board or committee activities in acknowledged competitive professional societies or associations may be a disqualifying factor, if so determined by the Nominating Committee. Association name Level of involvement _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________ List any other professional activities (e.g., publishing, non-OMA speaking engagements, faculty positions, etc.) Activity Dates of activity _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________

Application continues on next page.

What do you envision as the top 3 goals or objectives that are most important for OMA in the next 5 years and why? This information will be included on the ballot. 1. __________________________________________________________________________________________ 2. __________________________________________________________________________________________ 3. __________________________________________________________________________________________ How do you think your talents and skills could be utilized in attaining OMA’s goals and objectives? This information will be included on the ballot. _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________ List three reasons why you wish to serve on the Board of Trustees and explain why they will be an asset to the OMA. This information will be included on the ballot. 1. __________________________________________________________________________________________ 2. __________________________________________________________________________________________ 3. __________________________________________________________________________________________ In what ways do you think OMA could improve and why? This information will be included on the ballot. _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________ Are you now, or have you ever been, under any investigation by any state regulatory agency concerning your license to practice medicine? If yes, please state the disposition of the proceedings. _________________________________________________________________________________________________ Are you now, or have you ever been, under any investigation by any federal regulatory agency (e.g., DEA, FDA, or FTC)? If yes, please state the deposition of the proceedings. Indicate if you do not wish to answer this question on the grounds of confidentiality. _________________________________________________________________________________________________ Please list (if any) products, films, publications, or promotional advertising wherein you allow your name to be associated or otherwise give your endorsement. _________________________________________________________________________________________________

Application continues on next page.

Since becoming a member of OMA, have you engaged in any activity that may have been a misrepresentation of your official position, title, or professional qualifications? If yes, state the particulars. _________________________________________________________________________________________________ If elected and seated as a member of the OMA Board of Trustees, how would you react to a board decision with which you personally strongly disagreed? _________________________________________________________________________________________________ Do you think you may have a potential conflict of interest or commercial involvement as outlined in the OMA Conflict of Interest Policy and Disclosure Statement that may prevent you or may be perceived by others as not allowing you to act solely in the best interest of the OMA while serving on the OMA Board of Trustees? If so, please provide a detailed overview on your disclosure form. _________________________________________________________________________________________________ All OMA Board of Trustee candidates are asked to provide OMA with the proper authorization for a standard criminal, professional and education background check. Will you consent to a standard background check? _________________________________________________________________________________________________

Signature: ____________________________________ Date: __________________

How and What to Submit: Return this fully completed application and the signed OMA Conflict of Interest Policy and Disclosure Statement (COI), along with any supplemental attachments, to OMA by June 2 1, 202 1. ( subject to approval by the BOT) Email: election@obesitymedicine.org Mail: 7173 S Havana St, Suite 600-150 Centennial, CO 80112 Fax: 303 - 779 - 4834 Only fully completed applications and COIs will be considered for review.

Conflict of Interest Policy and Disclosure Statement

OMA Conflict of Interest Policy The Obesity Medicine Association (OMA) Board of Trustees must act at all times in the best interest of OMA. The purpose of this policy is to help inform the OMA, its members and leaders about what constitutes a conflict of interest, provide assistance in identification and disclosure of actual and potential conflicts, and help ensure the avoidance and resolution of conflicts of interest when necessary. This policy may be enforced as described below: 1. Board members have a fiduciary duty to conduct themselves without conflict to the interests of OMA. In these capacities, they must subordinate personal, individual business, third-party and other interests to the welfare and best interests of OMA. 2. A conflict of interest is a transaction or relationship which presents or may present a conflict between an individual’s obligations to OMA and the individual’s personal, business or other interests. a. Generally, a conflict of interest could be said to exist when individuals have material interests outside OMA which could influence them, or could be perceived as influencing them to act contrary to the best interests of OMA and for their own personal benefit or the benefit of a relative or business associate. If such conflict is identified, the individual is asked to extract themselves from voting on a motion. b. Frequently the type of interest resulting in a conflict would be financial, such as an individual who has an association with a third party through ownership interest, stock/bond holdings, a grant, an employment relationship, or a consultative or advisory arrangement. Examples include serving on a speakers’ bureau or advisory board, as well as receiving honoraria from a medical education company for CME presentations. c. In some instances a conflict of interest may exist even though the conflict does not arise out of financial considerations. For example, a member of the OMA Board of Trustees also may have a fiduciary responsibility as a member of the Board of Trustees or committee of another organization. If the interests of that organization were contrary to or in competition with the interests of OMA, a situation could exist in which the individual could not fulfill his or her fiduciary responsibilities to both organizations or may be disqualified as a board of trustee candidate during the nomination process. 3. All conflicts of interest are not necessarily prohibited or harmful to the OMA. However, full disclosure of all actual and potential conflicts, and a determination by the Board – with the interested individual recused from participating in debates and voting on the matter – are required. NOTE: some conflicts may lead to a disqualification during candidacy as determined by the OMA Nominating Committee. 4. All actual and potential conflicts of interest shall be disclosed by Board members through the annual disclosure statement and/or whenever a conflict arises. The disinterested members of the Board shall make a determination as to whether a conflict exists and what subsequent action is appropriate (i.e. require the person with the conflict to abstain from discussing or voting on matters involving the conflict, resign from office, etc.). 5. On an annual basis, all Board members shall be provided with a copy of this policy and are required to complete and sign the disclosure statement below. OMA will provide all members of the Board with copies of the disclosure statements for all members of the Board and will publicly list potential conflicts as part of the candidacy announcement. Note: A separate policy exists for all OMA Continuing Medical Education activities. Individuals participating in these activities are subject to the “OMA Policy for Commercial Support and Continuing Education Programs” and should complete the full disclosure statement developed solely for these activities.

Disclosure Statement I have read the OMA conflict of interest policy set forth above and agree to comply fully with its terms and conditions at all times during my service to OMA. If at any time following submission of this form I become aware of any actual or potential conflicts of interest, or if the information provided below becomes inaccurate or incomplete, I will promptly notify the OMA Executive Director in writing. I understand that if I indicate a financial or other relationship or interest below, that information will be reviewed to determine whether this relationship precludes my participation on the Board. I understand that failure or refusal to disclose, false disclosure, or inability to resolve conflicts of interest will disqualify me from participating on the Board immediately. I agree that as an OMA Board of Trustee member I will make every effort that all my Association related activities and votes will be solely in the best interest of the OMA. Disclosure of Actual or Potential Conflicts of Interest occurring within 1 year of the date of this form and within the foreseeable future: __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ Disclosure of ANY interests that could possibly result in a Conflict of Interest in the future with OMA, such as an ownership interest in any business, stock/bond holdings, a grant, an employment relationship, or consultative or advisory arrangement, etc.: __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ Disclosure of involvement / relationships with other similar or competitive associations / societies which represent interests of obesity medicine clinicians (please specify your level of involvement, i.e. board member, committee leader, committee member, general member, etc.): __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________ __________________________________________________________________________________________

________________________________

Signature

Print Name

________________________________ Date

Nominating Committee 2020

• Dr. Ethan Lazarus – Chairperson • Dr. Jeffrey Sicat • Dr. Lisa Ferreira • Dr. Sara Karjoo • Dr. Christina Funk • Dr. Ethan Lazarus – Chairperson • Dr. Lisa Ferreira • Dr. Sara Karjoo • Dr. Jeffery Sicat • Dr. Doris Munoz-Mantilla • • Dr. Craig Primack – Chairperson • Dr. Angela Fitch • Dr. Sutherland • Dr. Lydia Alexander • Dr. Jenny Seger • Dr. Wendy Scinta – Chairperson • Dr. Jenny Seger • Dr. Spencer Berry • Dr. Eric Westman • Dr. Carolynn Francavilla • Dr. Wendy Scinta – Chairperson • Dr. Eric Westman • Dr. Angela Fitch • Dr. Wickham Simonds • Dr. Amy Articolo

2019

2018

2017

2016

2015

• Dr. Horn – Chairperson • Dr. Lindquist • Dr. Westman • Dr. Temmerman • Dr. Greenway

To:

Board of Trustees

From:

Katrina Crist, MBA, CAE

Date:

April 15, 2021

Re:

Statement of Activity Summary as of February 28, 2021

Category Revenue from Operations Expense from Operations Net Revenue from Operations IT Infrastructure Expense Total Net Revenue Before Investment Income and Gains Investment Income and Gains

635,932 (445,144) 190,787 141,859

Amount

Notes

(48,928) Below operational line 39,194 interest and dividends unrealized gains

Total Net 181,053 February is early in the year to glean much by way of financial performance compared to annual budget. We are implementing monthly in addition to year to date expectations but this needs further analysis and refinement to be firmly relied on. However, it does help staff and departments better understand how revenue and expense ebb and flow specific to their areas. Through February revenue is up by $215, 307 compared to what we budgeted for January and February due to revenue from membership dues, products, and publications performing above budgeted expectations at this timepoint. Additionally, Spring Conference accounts for roughly 50% of the variance because we did not include a monthly budget against this line item. On the expense side there is a favorable variance of $101,528 to budgeted expectations at this timepoint (end of February). Favorable variances to year to date revenue and expense are likely to smooth out as the year progresses reducing the bottom line net income. Quarterly analyses of overall performance are useful and provide for enough data and information to adjust yearend expectations if needed. The staff leadership team will look more closely at Q1 (Jan-Mar) activity and financial performance and to better analyze variances to date.

Obesity Medicine Association

Financial Statements February 28, 2021

Obesity Medicine Association

Financial Statements February 28, 2021

TABLE OF CONTENTS

Pages

Balance Sheet:

Balance Sheet - February 28, 2021 vs. Prior Year Comparison

Profit & Loss vs. Budget:

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

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

5 - 9

Obesity Medicine Association Balance Sheet Prev Year Comparison As of February 28, 2021

Feb 28, 21

Feb 28, 20

$ Change

ASSETS

Current Assets

Checking/Savings MetLife Shares

10001 - MidFirst Bank

508,404.06

384,929.80

123,474.26

10050 - Petty Cash

230.50

(230.50)

Total Checking/Savings

508,404.06

385,160.30

123,243.76

Accounts Receivable

10600 - Accounts Receivable 125

10,000.00 -

9,600.00 -

400.00 -

Other

Total Accounts Receivable

10,000.00

9,600.00

400.00

Other Current Assets 12120 - Receivable - Amazon

12120 - Receivable Amazon

288.68

12205 - Due From/To OTF

52.50

1,802.65

(1,750.15)

13000 - Prepaid Expenses

8,131.99

(8,131.99)

13002 - Prepaid Postage

1,351.35

Total Other Current Assets

1,692.53

9,934.64

(8,242.11)

Total Current Assets

520,096.59

404,694.94

115,401.65

Fixed Assets

17100 - Accum Depr - Furn and Equip

(88,473.39)

(94,020.86)

5,547.47

15000 - Furniture and Equipment

116,734.78

133,581.68

(16,846.90)

Total Fixed Assets

28,261.39

39,560.82

(11,299.43)

Other Assets

18300 - Investment Accounts

Stifel 4044-2357

696,718.46

632,393.04

64,325.42

Stif 7721-7968 Current Inc Port

727,712.56

701,833.68

25,878.88

Stifel 6770-5016 Int Term Bonds

678,574.31

737,073.13

(58,498.82)

Stifel EC46 3917-3260

3,591,831.49

3,117,210.28

474,621.21

Stifel EC46 4895-8499

329,782.39

553,046.05

(223,263.66)

Total 18300 - Investment Accounts

6,024,619.21

5,741,556.18

283,063.03

18700 - Security Deposits

500.00

Total Other Assets

6,025,119.21

5,741,556.18

283,563.03

TOTAL ASSETS

6,573,477.19

6,185,811.94

387,665.25

LIABILITIES & NET ASSETS

Liabilities

Current Liabilities Accounts Payable

20100 - Accounts Payable

11,833.95

51,445.21

(39,611.26)

20105 - American Express

16,729.65

46,271.84

(29,542.19)

Other Current Liabilities

20200 - Sales Tax Payable 5 Def rred Revenu - Exh,Spon,Ads

13.97 -

77.49 -

(63.52) -

20255 - Deferred Revenue - Membership

926,144.80

848,541.13

77,603.67

24100 - Accrued Leave and Payroll

14,706.80

14,414.68

292.12

24200 - Accrued Expenses

5,910.97

(5,910.97)

Total Other Current Liabilities

940,865.57

868,944.27

71,921.30

Total Current Liabilities

969,429.17

966,661.32

2,767.85

Total Liabilities

969,429.17

966,661.32

2,767.85

Net Assets

Unrestricted Net Assets

5,604,048.02

5,219,150.62

384,897.40

Total Net Assets

5,604,048.02

5,219,150.62

384,897.40

TOTAL LIABILITIES & NET ASSETS

6,573,477.19

6,185,811.94

387,665.25

Page 3 of 9

Obesity Medicine Association Profit & Loss Budget Performance February 2021

Feb 21

Budget

$ Over Budget Jan - Feb 21 YTD Budget $ Over Budget Annual Budget

Ordinary Income/Expense

Income

4100 · Membership Services Income 91,413.26 $

111,250.00 $

(19,836.74)

275,485.33 $

222,500.00 $

52,985.33 $

1,335,000.00 $

4140 · Journal - JOMA

833.00

(833.00)

1,670.00

(1,670.00)

10,000.00

4150 · Education Products & Serv

65,551.09

59,175.00

6,376.09

149,487.50

118,905.00

30,582.50

771,053.00

4300 · Spring Conference

53,703.80

109,402.10

476,750.00

4350 · Fall Conference

1,500.00

4,000.00

776,850.00

4400 · Publications

3,200.00

5,275.00

(2,075.00)

34,215.00

10,550.00

23,665.00

63,300.00

4700 · Administration

1,826.90

4,027.85

4900 · Fundamentals Courses

45,170.00

56,500.00

(11,330.00)

57,235.00

56,500.00

735.00

109,500.00

4910 · New Projects/Innovations

2,079.00

6,250.00

(4,171.00)

2,079.00

12,500.00

(10,421.00)

75,000.00

4950 · Direct Public Support

90,000.00

Total Income

264,444.05

239,283.00

25,161.05

635,931.78

422,625.00

213,306.78

3,707,453.00

Expense

5100 · Membership Services Expense

589.28

5,030.00

(4,440.72)

2,701.57

33,410.00

(30,708.43)

63,035.00

5140 · Education

3,427.67

19,325.00

(15,897.33)

10,582.65

26,550.00

(15,967.35)

99,750.00

5150 · Board Strategic Plan Event

3,091.00

(3,091.00)

6,190.00

(6,190.00)

37,100.00

5200 · Board of Trustees General

4,917.00

(4,917.00)

9,830.00

(9,830.00)

59,000.00

5220 · External Prof Meetings

6,000.00

(6,000.00)

43,550.00

5270 · Accreditation Cost

2,580.00

3,175.00

(595.00)

10,675.00

11,875.00

(1,200.00)

18,045.00

5300 · Spring Conference.

8,923.79

9,500.00

(576.21)

45,398.47

27,000.00

18,398.47

330,430.00

5350 · Fall Conference.

587,500.00

5500 · Personnel

124,565.77

135,450.00

(10,884.23)

253,865.26

270,900.00

(17,034.74)

1,625,400.00

5600 · Professional Services

33,288.68

50,063.00

(16,774.32)

72,179.43

100,120.00

(27,940.57)

600,750.00

5700 · Office Expenses

17,893.78

21,831.50

(3,937.72)

43,850.13

43,667.00

183.13

261,982.00

5750 · Journal - JOMA

833.00

(833.00)

1,670.00

(1,670.00)

10,000.00

5900 · Fundamentals Expenses

4,786.94

290.00

4,496.94

5,891.39

3,290.00

2,601.39

27,670.00

5940 · New Projects/Innovation

583.00

(583.00)

6,170.00

(6,170.00)

12,000.00

Total Expense

196,055.91

254,088.50

(58,032.59)

445,143.90

546,672.00

(101,528.10)

3,776,212.00

Net Ordinary Income

68,388.14

(14,805.50)

83,193.64

190,787.88

(124,047.00)

314,834.88

(68,759.00)

Other Income/Expense

Other Income

10000 · Investment Income

41,341.93

39,193.81

Total Other Income

41,341.93

39,193.81

Other Expense

9006 · IT Infrastructure Project

48,928.44

39,050.00

9,878.44

39,050.00

Total Other Expense

48,928.44

39,050.00

9,878.44

39,050.00

Net Other Income

41,341.93

(9,734.63)

(39,050.00)

29,315.37

(39,050.00)

Net Income

109,730.07 $

(14,805.50) $

124,535.57

181,053.25 $

(163,097.00) $

344,150.25 $

(107,809.00)

Page 4 of 9

Obesity Medicine Association Profit & Loss Budget Performance February 2021

Foot note Jan - Feb 21 YTD Budget $ Over Budget

Foot note Annual Budget

Feb 21

Budget

$ Over Budget

Ordinary Income/Expense Income

4100 · Membership Services Income

4101 · Membership Dues

91,413.26

102,917.00 $

(11,503.74)

1 182,985.33 $

205,830.00 $

(22,844.67)

46 1,235,000.00 $

4102 · Corporate Advisory Council

8,333.00

(8,333.00)

2 92,500.00

16,670.00

75,830.00

100,000.00

Total 4100 · Membership Services Income

91,413.26

111,250.00

(19,836.74)

275,485.33

222,500.00

52,985.33

1,335,000.00

4140 · Journal - JOMA

833.00

(833.00)

1,670.00

(1,670.00)

10,000.00

4150 · Education Products & Serv

4104 · Merchandise Sales

2,007.00

2,000.00

7.00

4,648.00

4,000.00

648.00

35,000.00

4105 · Book Sales

293.85

1,000.00

(706.15)

904.50

2,000.00

(1,095.50)

20,400.00

4107 · Digital CME(Academy)

38,035.40

43,000.00

(4,964.60)

3 90,175.75

90,000.00

175.75

589,050.00

4108 · Syllabus Sales

4,097.90

1,500.00

2,597.90

6,228.60

2,500.00

3,728.60

29,800.00

4111 · Prof Badge & Cert Fees

800.00

700.00

100.00

1,100.00

1,400.00

(300.00)

8,400.00

4113 · SAP

13,544.00

5,000.00

8,544.00

5 31,962.50

11,000.00

20,962.50

56,338.00

4114 · Algorithm Sales

6,772.94

5,975.00

797.94

14,468.15

7,975.00

6,493.15

31,975.00

4115 · Webinars & Podcasts

30.00

(30.00)

90.00

Total 4150 · Education Products & Serv

65,551.09

59,175.00

6,376.09

149,487.50

118,905.00

30,582.50

771,053.00

4300 · Spring Conference

4310 · Spr - Educational Grant

20,000.00

4302 · Spr - Advertisements

3,300.00

4303 · Spr - Sponsorships

3,790.00

11,700.00

4304 · Spr - Exhibits

(3,000.00)

9,000.00

60,000.00

4305 · Spr - Registration

(22,166.00)

4309 · Spr - Livestream Attendees

75,079.80

9 96,612.10

96,612.10

381,750.00

Total 4300 · Spring Conference

53,703.80

109,402.10

476,750.00

4350 · Fall Conference

4359 · Fall - Educational Grant

20,000.00

4352 · Fall - Ads Program

5,500.00

4353 · Fall - Sponsorships

17,600.00

4354 · Fall - Exhibits

1,500.00

4,000.00

90,000.00

4355 · Fall - Registration

393,750.00

4360 · Fall - Livestream Attendees

250,000.00

Total 4350 · Fall Conference

1,500.00

4,000.00

776,850.00

4400 · Publications

4402 · Ads - Newsletter

1,500.00

1,658.00

(158.00)

26,615.00

3,320.00

23,295.00

19,900.00

4403 · Ads-Website/Social/Drctory

1,700.00

950.00

750.00

5,100.00

1,900.00

3,200.00

11,400.00

4404 · Ads - Education

2,250.00

(2,250.00)

2,500.00

4,500.00

(2,000.00)

27,000.00

4405 · Ads - Career Center

417.00

(417.00)

830.00

(830.00)

5,000.00

Total 4400 · Publications

3,200.00

5,275.00

(2,075.00)

34,215.00

10,550.00

23,665.00

63,300.00

4700 · Administration

4704 · Misc Shipping

1,826.90

4,027.85

Total 4700 · Administration

1,826.90

4,027.85

4900 · Fundamentals Courses

4904 · FUN - Educational Grant

30,000.00

4901 · FUN - Registrations

14,195.00

16,800.00

(2,605.00)

13 21,485.00

16,800.00

4,685.00

50,400.00

4902 · FUN - Exhibits

975.00

9,700.00

(8,725.00)

5,750.00

9,700.00

(3,950.00)

29,100.00

Total 4900 · Fundamentals Courses

45,170.00

56,500.00

(11,330.00)

57,235.00

56,500.00

735.00

109,500.00

4910 · New Projects/Innovations

4911 · Fees/Registrations/Sales

2,079.00

4,167.00

(2,088.00)

2,079.00

8,330.00

(6,251.00)

50,000.00

4913 · Grants

2,083.00

(2,083.00)

4,170.00

(4,170.00)

25,000.00

Page 5 of 9

Obesity Medicine Association Profit & Loss Budget Performance February 2021

Foot note Jan - Feb 21 YTD Budget $ Over Budget

Foot note Annual Budget

Feb 21

Budget

$ Over Budget

Total 4910 · Development/Innovations

2,079.00

6,250.00

(4,171.00)

2,079.00

12,500.00

(10,421.00)

75,000.00

4950 · Direct Public Support

4951 · Corp Contrib for Education

90,000.00

Total 4950 · Direct Public Support

90,000.00

Total Income

264,444.05

239,283.00

25,161.05

635,931.78

422,625.00

213,306.78

3,707,453.00

264,444.05

239,283.00

25,161.05

635,931.78

422,625.00

213,306.78

3,707,453.00

Expense

5100 · Membership Services Expense

5101 · Postage/Shipping

589.28

620.00

(30.72)

910.29

1,390.00

(479.71)

8,540.00

5102 · Printing

2,660.00

(2,660.00)

1,791.28

7,520.00

(5,728.72)

9,995.00

5103 · Certificates/Awards/Pins

2,500.00

5105 · Marketing

1,750.00

(1,750.00)

24,500.00

(24,500.00)

42,000.00

Total 5100 · Membership Services Expense

589.28

5,030.00

(4,440.72)

2,701.57

33,410.00

(30,708.43)

63,035.00

5140 · Education

5106 · Merchandise

2,055.33

1,075.00

980.33

2,055.33

2,150.00

(94.67)

12,900.00

5296 · eBooks & Course Books

5,000.00

5121 · Digital CME

2,000.00

(2,000.00)

2,000.00

(2,000.00)

2,000.00

5116 · Algorithm

500.00

8,500.00

(8,000.00)

3,400.00

11,400.00

(8,000.00)

20,400.00

5123 · Syllabus

16.00

20,500.00

5124 · Webinars/Podcasts

1,750.00

(1,750.00)

1,125.00

3,500.00

(2,375.00)

17,000.00

5126 · SAP

5,500.00

(5,500.00)

2,397.64

6,500.00

(4,102.36)

15,000.00

5127 · Shipping

856.34

250.00

606.34

1,588.68

500.00

1,088.68

3,950.00

5129 · Marketing

250.00

(250.00)

500.00

(500.00)

3,000.00

Total 5140 · Education

3,427.67

19,325.00

(15,897.33)

10,582.65

26,550.00

(15,967.35)

99,750.00

5150 · Board Strategic Plan Event

5151 · Travel Expenses

1,050.00

(1,050.00)

2,100.00

(2,100.00)

12,600.00

5152 · Activities

208.00

(208.00)

420.00

(420.00)

2,500.00

5153 · Consultant

1,000.00

(1,000.00)

2,000.00

(2,000.00)

12,000.00

5154 · Facilities

833.00

(833.00)

1,670.00

(1,670.00)

10,000.00

Total 5150 · Board Strategic Plan Event

3,091.00

(3,091.00)

6,190.00

(6,190.00)

37,100.00

5200 · Board of Trustees General

5201 · OMA Conference Travel

4,500.00

(4,500.00)

9,000.00

(9,000.00)

54,000.00

5204 · Leadership Development

417.00

(417.00)

830.00

(830.00)

5,000.00

Total 5200 · Board of Trustees General

4,917.00

(4,917.00)

9,830.00

(9,830.00)

59,000.00

5220 · External Prof Meetings

5221 · AMA Annual Caucus

5,100.00

5222 · AMA Interim Caucus

3,050.00

5223 · Obesity Week

11,500.00

5225 · AAPA

1,500.00

5227 · AANP

1,500.00

5229 · Blackburn Course

2,550.00

5231 · Lifestyle Medicine

10,350.00

5232 · Misc

6,000.00

(6,000.00)

8,000.00

Total 5220 · External Prof Meetings

6,000.00

(6,000.00)

43,550.00

5270 · Accreditation Cost

5271 · AOA

75.00

(75.00)

275.00

(275.00)

375.00

5272 · ACCME

7,500.00

5274 · AANP/AAPA

2,100.00

1,500.00

600.00

2,100.00

2,500.00

(400.00)

6,250.00

5275 · AAFP

1,500.00

(1,500.00)

595.00

1,500.00

(905.00)

2,700.00

5280 · AAP

450.00

500.00

Page 6 of 9

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