2021-09-22 OMA Agenda - Board of Trustees

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Board of Trustees Meeting September 22, 2021 3:00 PM – 5:00 PM CT Sheraton Grand Chicago, Mayflower Room Level 2 Via computer, tablet, or smartphone https://obesitymedicine-org.zoom.us/j/84855803969?pwd=M2JYREdsK3JKblFsaDFQYmJud3lqdz09 Pleas not ; OMA will not be providing printed copies at the oard meeting. Presiding: Craig Primack, MD, FACP, FAAP, FOMA, President Time Topic Lead Action Doc# 3:00 PM Call to Order and Opening Remarks Primack 3:05 PM Approval of Agenda Primack Vote 1 3:08 PM Conflict of Interest Disclosures Alexander 2

Consent Agenda

3:11 PM

• Minutes 4/21/2021 • 2022 Board Meeting Dates

Primack

Vote

3, 4, 5, 6

Introduction of new CEO/ED Transition Plan

3:16 PM

Primack

Update

Christin Ericksen Joan Hablutzel Christian DeSousa Chris Packard

3:26 PM

OMA Update

Update

7, 8, 9 Bylaws 7.06

Joan Hablutzel Primack

Discussion Vote

New Committees Board Liaison Assignments

3:41 PM

Treasurer's Report

• July Financial Statements • Budget increase for Journal expenses • Audit Report

10, 11, 12, 13

Discussion Votes

3:51 PM

Alexander

7 Bylaws 4.04

Discussion Vote Discussion Vote Discussion Vote

4:06 PM

Open Board Seats

Primack

7 Bylaws 4.01-4.06

Ex-Officio Selection

4:21 PM

Primack

Bays Primack Primack Primack Primack Primack

Journal Update Executive Editor Selection Board Meeting Dates 2022

4:31 PM

6 14

4:46 PM 4:48 PM 4:58 PM 5:03 PM

Update Update

Chris Gallagher Old/new business

Discussion

Call to Adjourn and Closing Remarks

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

September 22, 2021 Consent Agenda

• Consent Agenda Guidelines

• Minutes from BOT meeting 4/21/2021 • 2022 Meeting dates

T HE C ONSENT A GENDA

What is a consent agenda? A consent agenda groups the routine, procedural, informational and self-explanatory non-controversial items typically found in an agenda. These items are then presented to the board in a single motion for an up or down vote after allowing anyone to request that a specific item be moved to the full agenda for individual attention. Other items, particularly those requiring strategic thought, decision making or action, are handled as usual.

Why would an organization want to use a consent agenda? Consent agendas are popular with many nonprofit organizations because they help streamline meetings and allow the focus to be on substantive issues.

What does it mean if we adopt a consent agenda?  Documentation for consent items must be provided to the board prior to meetings so that directors feel confident that their vote reflects attention to their duty of care.  Board members are encouraged to ask prior to the meeting all the questions that they want related to consent agenda items.  If it is determined that an item on the consent portion of the agenda actually requires action or a decision that item should be removed from the consent portion of the agenda and raised later in the meeting.  Any board member can request that an item be moved to the full agenda.  A vote on the single motion applies to all the items on the consent portion of the agenda. What does it not mean if we adopt a consent agenda?  Consent agendas do not make it easier to ramrod through decisions since decision items are not placed on the consent portion of the agenda and all items on the consent portion of the agenda are still open to discussion and debate if someone requests they be moved.  It is not always necessary to remove an item from the consent agenda if people have simple questions or wish to discuss the item further. Discussion is permitted after the motion for approval is made, but before the vote. However, everyone should remember that extensive conversation defeats the purpose of the consent agenda.

1 © CoreStrategies for Nonprofits, Inc.  2008 PO Box 630745  Miami, Florida 33163  888-458-4351  954-989-3442 (fax) www.CoreStrategies4Nonprofits.com

T HE C ONSENT A GENDA

What normally is found on a consent agenda? Routine, informational, procedural and self-explanatory non-controversial items are generally placed on the consent portion of the agenda. These typically are such things as:  Approval of board and committee minutes  Correspondence requiring no action  Committee and staff reports  Updates or background reports provided for informational purposes only  Appointments requiring board confirmation  Approval of contracts that fall within the organization’s policy guidelines  Final approval of proposals that have been thoroughly discussed previously, where the board is comfortable with the implications  Confirmation of pro forma items or actions that need no discussion but are required by the bylaws  Dates of future meetings What is the process for using a consent agenda?  The board must begin by approving a motion to adopt the consent agenda for its meetings.  The board should then craft a policy about what may and may not be included in the consent portion of the agenda.  The full agenda, including the consent items should be disseminated prior to the board meeting along with copies of reports and back up materials so that board members can do their due diligence prior to voting.  As the first item of business the chairman should ask if anyone wishes to remove an item from the consent portion of the agenda.  The chairman then asks for a motion to accept the consent agenda.  Once the motion has been received, the chairman opens the floor for any questions or discussion on the items remaining on the consent agenda. The understanding, though, is that the directors have come prepared and, other than a quick point or question, they are comfortable voting for the items or they would have asked to have them removed.  If any items were removed from the consent portion of the agenda the chairman may determine where on the agenda those items will be discussed, e.g., immediately after the consent agenda has been accepted or later on the agenda.  Quickly reviewing the remaining items, the chairman asks for any objections to the adoption of those remaining items. If none are offered all items on the consent agenda are considered to be passed.

T HE C ONSENT A GENDA

What does the rest of the agenda look like? The answer to this is that it depends. If the organization is most comfortable with an “old business/new business” format, this can remain. However, the organization may find more benefit tackling one or two items that relate directly to the mission, vision and organizational values and that require special attention. Time spent in educating the board on mission-related, governance, or community issues is always valuable, as is dedicating some time to those problems or concerns that keep the executive director awake at night and the BTW Talk.*

________ * The “By the Way” Talk refers to giving board members the opportunity to share what they’ve heard or learned since the last board meeting that might have impact on the organization either in the short or long term. It could be considered a continuous environmental scan.

Board Meeting Minutes – April 21, 2021 Executive Session : The Board met in Executive Session starting at 4:00 PM Mountain Daylight Time (MDT). Minutes recording decisions or actions by the Board during the Executive Session reside with OMA general counsel. Call to Order: The Board meeting was called to order in Open Session at approximately 4:30 PM MDT. Roll Call: Dr. Lydia Alexander, Secretary/Treasurer Attendees: Drs. Wendy Scinta, Craig Primack, Ethan Lazarus, Marisa Censani, Lydia Alexander, Ms. Sandra Christensen, Drs. Michelle Freshwater, Wickham Simonds, Larry Richardson, Angela Fitch, Sarah Hallberg, and Harold Bays. Mr. Jim Wilson (Legal Counsel). Ms. Katrina Crist (Executive Director), Ms. Joan Hablutzel (Education and Events Director), Ms. Christin Hammond (Marketing and Sales Director),Mr. Christian DeSousa (Senior Membership Manager), and Ms. Dana Wicklund-Stifter (Operations and Governance Manager). Dr. Primack disclosed he serves on a Currax Advisory Board. Ms. Christensen disclosed she serves as a Gelesis advisor and recently published a new book. Board Nominations and Elections The Board reviewed and approved the process for the board nominations, nominating committee, and elections including timeline. Dr. Lazarus will head up the Nominating Committee as president-elect, per bylaws, and Dr. Hallberg volunteered to assist him. OMA staff will reach out to last year’s Nominating Committee members to see if they are interested in serving in this role again, as per bylaws they are eligible to serve. There was discussion around potentially amending bylaws to change the position of vice president to replace the president-elect as chair of the Nominating Committee in the event the president- elect is not able to serve in this capacity. The vice president is often interested in being considered to run for president-elect making s/he ineligible to serve as chair of the Nominating Committee. The Board confirmed the following positions are open for the ballot this year: president-elect, vice president, secretary/treasurer, nurse practitioner/physician assistant representative, and three other trustee positions. The Ethics Committee also has one position open for this upcoming election and the Board will need to appoint the chair of this committee. Motion: To accept election timeline and open positions. Motion by: Dr. Sarah Hallberg Second: Dr. Harold Bays Vote: Motion Carries Approval of Agenda: No Objections Motion by: Dr. Lydia Alexander Second: Dr. Harold Bays Vote: Motion Carries Conflict of Interest Disclosures :

Treasurer’s Report Dr. Alexander reported topline revenue as of February 28, 2021 was $635,932 and net operational revenue was $190,787. She reported that two months into the year, revenue is up by $215,307 compared to what was 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 a monthly budget against this line item was too difficult to predict. On the expense side there is a favorable variance of $101,528 to budgeted expectations at this timepoint. She pointed out that favorable variances to year to date revenue and expense are likely to smooth out as the year progresses bringing the bottom line closer to the annual budgeted net revenue. Government Relations/Advocacy Ms. Crist reported that Chris Gallagher of Potomac Currents, OMA’s lobbyist/advocacy consultant is requesting a $1,000 increase in his monthly fees starting May 1 for increased efforts at the state level. He previously requested an increase to begin in 2020, but agreed to forgo it due to the COVID pandemic. It was recommended that he be given more direction either through the Board or Advocacy Committee to promote a strategic focus and improve return on investment. Motion: To increase monthly fees from $5,000 to $6,000 to Chris Gallagher, Potomac Currents effective May 1, 2021 Motion by: Dr. Ethan Lazarus Second: Ms. Sandra Christensen Vote: Motion Carries with one opposed Spring Conference 2021 and Membership Update Ms. Hablutzel reported that revenue for Spring Conference currently at $348,861 which is close to our goal of $381,750. Additionally, paid syllabus sales were $19,903 significantly over the $7,500 goal. Total paid attendees at this point are 638, the goal is 670. Despite some minor glitches in the morning regarding sound/video, the conference is off to a great start. Mr. DeSousa gave an update on OMA achieving over 3,300 members for the first time at the end of April. Strategic Retreat The Board discussed postponing the retreat scheduled in August due to the executive director transition. Motion: To postpone the August strategic retreat until OMA has a new executive director on board. Motion by: Dr. Larry Richardson Second: Dr. Lydia Alexander Vote: Motion Carries Journal of Obesity Medicine Association (JOMA) Recommendations Dr. Bays presented an overview of the recommendations developed by the JOMA Working Group members. He explained that they went into great detail to promote a successful journal for the Association. He asked the Board refer to the Recommendations of the JOMA Working Group document included in the Board packet for more detail. Discussion was had on what the goal and timeline for a launch. Mr. Wilson advised that anyone who has an interest in taking on the Editor position, or similar job, would need to recuse themselves from the call when discussion of Editor pay is discussed. It was decided that this meeting would move forward at without discussing specifics and with the goal to decide Board support for moving forward with launching a journal. Dr. Bays disclosed interest in the Editor position and voiced that when that time came for a detailed discussion, he would recuse himself. The Board agreed discussion including salary, contract with Elsevier, and who would potentially be considered for the Editor

role would occur at a later time. Dr. Alexander asked about recommendation #7 for a medical writing team and cost to OMA. Dr. Bays explained the it would be important to bring on a medical writing team to take on the work load of covert the OMA Obesity Algorithm content into journal manuscripts, as the Algorithm members do not have the time resources to accomplish this. He also emphasized how publishing the both OMA algorithms in an Association journal will increase the OMA’s influence and credibility. Motion: To approve the JOMA project for OMA

Motion by: Dr. Lydia Alexander Second: Dr. Marissa Censani Vote: Motion Carries with one abstention by Dr. Harold Bays

Consent Agenda/Class II Documents: Items included minutes from December 15, 2020 meeting, February 22, 2021 meeting, and AMA/Specialty RVS Update Committee (RUC) Appointments. Motion: To approve the Class II documents/items presented in the consent agenda. Motion by: Dr. Michelle Freshwater Second: Dr. Angela Fitch Vote: Motion Carries

New/Other Business Dr. Bays thanked staff and everyone involved in achieving the record membership numbers.

Call to Adjourn:

Motion: To adjourn meeting at 5:29 PM Motion by: Dr. Harold Bays Second: Dr. Lydia Alexander

2022 Board of Trustees Proposed Meeting Dates

Date

Location

Wednesday, April 27, 2022

In-person at Spring Conference

June 2022 TBD

Zoom

Wednesday, October 12, 2022

In-person at Fall Conference

December 2022 TBD

Zoom

OMA 2021-2022 Committees

Last update 8/31/2021

Current Committees

Committee

2021 Board Liaison Staff Liaison Proposed Board Liaison Staff Liaison2

Angela Fitch Ethan Lazarus

E.D. /Dana

Advocacy Committee

Carlolyn Francavilla Dana Wicklund-Stifter

Bariatric and Surgical Medical

Angela Fitch

Christian/Dana

Bharti Shetye

Christian DeSousa

CME Overview Michelle Freshwater Joan/Emma

Michelle Freshwater

Emma Blackwood

International and Diversity Committee

Harold Bays Sam Christensen

Christin E

Samantha Christensen

Katy Simota

Membership Committee Michelle Freshwater

Christian D

Samantha Christensen Christian DeSousa

Outreach Committee

Lydia Alexander

Talia B

Lydia Alexander

Talia Brady

Pediatric Committee

Marisa Censani

Mackenzie

Marisa Censani

Mackenzie Cecil

Proposed new Committees

Committee

2021 Board Liaison Staff Liaison Proposed Board Liaison Staff Liaison2

Education Development Committee

Joan H

Michelle Freshwater

Joan Hablutzel

Nick Pennings Wickham Simonds

Clinician in Training Education Committee

Joan H

Angela Fitch

Joan Hablutzel

Speakers Bureau Task Force

Lydia Alexander Sam Christensen

Christin E

Lydia Alexander

Katy Rudzinski

On the bottom of the roster there are three recommended changes.

• OMA is recommending converting the OMA Speaker’s Bureau Committee to a task force as a number of the deliverables are competing and overlapping with other committees. This originally started out as a task force and that worked great. As it transitioned to a committee much of the work that this group has been doing could and should be done by the Outreach or Education committees. The Speakers Bureau Committee is working to create a ‘What is Obesity PowerPoint’ and this should be developed by our Education committees to keep consistent content. Our Education teams can then create and provide to our Speaker’s Bureau these tools to use when speaking. Moving forward there is still a need for a task force to meet on an as needed bases to review applications of those who would like to join and be part of the Speaker’s Bureau but other deliverables fall within our existing committees. • There are two new committees the staff has recommended. These are listed at the bottom of the roster with the rationale below The first is an Education Development Committee. The purpose of this committee would be to brainstorm, vet and help develop new educational offerings. Many of the other committees often come up with ideas of educational products that they would like to create for OMA. This committee would be in charge of vetting those ideas and also being the SME’s to help these ideas come to fruition. This would be a working committee. Members on this committee would be expected to not only attend meetings and discussions, but also actually do some of the work to help create the content. This is different than the CME committee that reviews and approves content continuing education standards and accuracy in content. We have many future educational partnerships in the works and this committee would help the OMA team co-develop this education. • The second committee being recommended is the CIT Education Committee. This is a committee that is being championed by Dr. Nicholas Pennings and Dr. Wickham Simonds. The purpose of the committee will be to assess and revise current curriculum, develop curriculum for new programs, make content recommendations to fill identified learning gaps, and provide additional assessment tools to track student progress in clinical education on obesity. The committee will also look to promote student and resident involvement in the OMA through promotion of interest groups and conference participation

Obesity Medicine Association

Financial Statements July 31, 2021

Obesity Medicine Association

Financial Statements July 31, 2021

TABLE OF CONTENTS

Pages

Balance Sheet:

Balance Sheet - July 31, 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 July 31, 2021

Jul 31, 21

Jul 31, 20

$ Change

ASSETS

Current Assets

Checking/Savings MetLife Shares

10001 - MidFirst Bank

890,320.55

147,145.39

743,175.16

10050 - Petty Cash

230.50

(230.50)

Total Checking/Savings

890,320.55

147,375.89

742,944.66

Accounts Receivable

10600 - Accounts Receivable

5,000.00

8,153.00

(3,153.00)

11250 - Accounts Receivable Other

1,402.98

(1,402.98)

Total Accounts Receivable

5,000.00

9,555.98

(4,555.98)

Other Current Assets 12120 - Receivable - Amazon

12120 - Receivable Amazon

595.06

12205 - Due From/To OTF

616.51

2,551.20

(1,934.69)

13000 - Prepaid Expenses Rent 1

26,400.00 -

8,982.55 -

17,417.45 -

13002 - Prepaid Postage

755.63

Total Other Current Assets

28,367.20

11,533.75

16,833.45

Total Current Assets

923,687.75

168,465.62

755,222.13

Fixed Assets

17100 - Accum Depr - Furn and Equip

(98,996.58)

(99,092.71)

96.13

15000 - Furniture and Equipment

118,040.38

133,581.68

(15,541.30)

Total Fixed Assets

19,043.80

34,488.97

(15,445.17)

Other Assets

18300 - Investment Accounts

Stifel 4044-2357

762,585.58

627,195.05

135,390.53

Stif 7721-7968 Current Inc Port

741,858.95

718,891.18

22,967.77

Stifel 6770-5016 Int Term Bonds

689,730.81

681,210.87

8,519.94

Stifel EC46 3917-3260

4,291,094.05

3,170,145.99

1,120,948.06

Stifel EC46 4895-8499

329,796.62

154,771.46

175,025.16

Total 18300 - Investment Accounts

6,815,066.01

5,352,214.55

1,462,851.46

18700 - Security Deposits

500.00

Total Other Assets

6,815,566.01

5,352,714.55

1,462,851.46

TOTAL ASSETS

7,758,297.56

5,555,669.14

2,202,628.42

LIABILITIES & NET ASSETS

Liabilities

Current Liabilities Accounts Payable

20100 - Accounts Payable

78,361.15

59,585.70

18,775.45

20105 - American Express

90,846.73

6,657.36

84,189.37

Other Current Liabilities

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

6.56

16.56 -

(10.00) -

20255 - Deferred Revenue - Membership

1,006,822.80

780,694.71

226,128.09

24100 - Accrued Leave and Payroll 58 Unearned or Deferred Revenue

14,706.80 -

14,414.68 -

292.12 -

25900 - N/P - SBA-PPP

205,600.00

Total Other Current Liabilities

1,227,136.16

795,125.95

432,010.21

Total Current Liabilities

1,396,344.04

861,369.01

534,975.03

Total Liabilities

1,396,344.04

861,369.01

534,975.03

Net Assets

Unrestricted Net Assets

6,361,953.52

4,694,300.13

1,667,653.39

Total Net Assets

6,361,953.52

4,694,300.13

1,667,653.39

TOTAL LIABILITIES & NET ASSETS

7,758,297.56

5,555,669.14

2,202,628.42

Page 3 of 9

Obesity Medicine Association Profit & Loss Budget Performance July 2021

Jul 21

Budget

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

Ordinary Income/Expense

Income

4100 · Membership Services Income 101,201.24 $

111,250.00 $

(10,048.76)

766,814.38 $

778,750.00 $

(11,935.62)

1,335,000.00 $

4140 · Journal - JOMA

833.00

(833.00)

5,835.00

(5,835.00)

10,000.00

4150 · Education Products & Serv

66,304.88

55,700.00

10,604.88

598,984.15

422,535.00

176,449.15

771,053.00

4300 · Spring Conference

423,178.35

476,750.00

(53,571.65)

476,750.00

4350 · Fall Conference

150,264.40

267,795.65

776,850.00

4400 · Publications

5,450.00

5,275.00

175.00

47,615.00

36,925.00

10,690.00

63,300.00

4700 · Administration

619.22

9,165.00

4900 · Fundamentals Courses

830.00

87,250.00

83,000.00

4,250.00

109,500.00

4910 · New Projects/Innovations

6,250.00

(6,250.00)

24,695.50

43,750.00

(19,054.50)

75,000.00

4950 · Direct Public Support

50,000.00

45,000.00

5,000.00

90,000.00

Total Income

324,669.74

179,308.00

145,361.74

2,275,498.03

1,892,545.00

382,953.03

3,707,453.00

Expense

5100 · Membership Services Expense

613.07

2,805.00

(2,191.93)

15,427.75

47,610.00

(32,182.25)

63,035.00

5140 · Education

3,882.38

3,325.00

557.38

73,908.21

58,675.00

15,233.21

99,750.00

5150 · Board Strategic Plan Event

3,091.00

(3,091.00)

21,645.00

(21,645.00)

37,100.00

5200 · Board of Trustees General

750.00

4,917.00

(4,167.00)

750.00

34,415.00

(33,665.00)

59,000.00

5220 · External Prof Meetings

476.94

2,000.00

(1,523.06)

9,555.19

18,650.00

(9,094.81)

43,550.00

5270 · Accreditation Cost

870.00

17,595.00

13,475.00

4,120.00

18,045.00

5300 · Spring Conference.

189,441.31

330,430.00

(140,988.69)

330,430.00

5350 · Fall Conference.

79,004.38

17,500.00

61,504.38

80,490.46

20,000.00

60,490.46

587,500.00

5500 · Personnel

126,584.02

135,450.00

(8,865.98)

899,599.76

948,150.00

(48,550.24)

1,625,400.00

5600 · Professional Services

66,441.79

50,063.00

16,378.79

329,760.13

350,435.00

(20,674.87)

600,750.00

5700 · Office Expenses

31,265.35

21,831.50

9,433.85

159,743.72

152,824.50

6,919.22

261,982.00

5750 · Journal - JOMA

833.00

(833.00)

5,835.00

(5,835.00)

10,000.00

5900 · Fundamentals Expenses

342.03

7,500.00

(7,157.97)

12,932.36

22,880.00

(9,947.64)

27,670.00

5940 · New Projects/Innovation

583.00

(583.00)

9,085.00

(9,085.00)

12,000.00

Total Expense

310,229.96

249,898.50

60,331.46

1,789,203.89

2,034,109.50

(244,905.61)

3,776,212.00

Net Ordinary Income

14,439.78

(70,590.50)

85,030.28

486,294.14

(141,564.50)

627,858.64

(68,759.00)

Other Income/Expense

Other Income

10000 · Investment Income

58,785.60

496,890.00

Total Other Income

58,785.60

496,890.00

Other Expense

9006 · IT Infrastructure Project

38,662.94

39,050.00

(387.06)

39,050.00

Total Other Expense

38,662.94

39,050.00

(387.06)

39,050.00

Net Other Income

58,785.60

458,227.06

(39,050.00)

497,277.06

(39,050.00)

Net Income

73,225.38 $

(70,590.50) $

143,815.88

944,521.20 $

(180,614.50) $

1,125,135.70 $

(107,809.00)

Page 4 of 9

Obesity Medicine Association Profit & Loss Budget Performance July 2021

% of Budget

% of Budget Annual Budget

Jul 21

Budget

$ Over Budget

Jan - Jul 21 YTD Budget $ Over Budget

Ordinary Income/Expense Income

4100 · Membership Services Income

4101 · Membership Dues

101,201.24 $

102,917.00 $

(1,715.76)

98.33% 666,814.38 $

720,415.00 $

(53,600.62)

92.56% 1,235,000.00 $

4102 · Corporate Advisory Council

8,333.00

(8,333.00)

0.0% 100,000.00

58,335.00

41,665.00

171.42% 100,000.00

Total 4100 · Membership Services Income 101,201.24

111,250.00

(10,048.76)

90.97% 766,814.38

778,750.00

(11,935.62)

98.47% 1,335,000.00

4140 · Journal - JOMA

833.00

(833.00)

0.0%

5,835.00

(5,835.00)

0.0% 10,000.00

4150 · Education Products & Serv

4104 · Merchandise Sales

4,507.43

2,000.00

2,507.43

225.37% 33,389.80

17,000.00

16,389.80

196.41% 35,000.00

4105 · Book Sales

193.95

1,000.00

(806.05)

19.4% 5,104.61

9,800.00

(4,695.39)

52.09% 20,400.00

4107 · Digital CME(Academy)

48,424.75

45,000.00

3,424.75

107.61% 446,655.29

329,000.00

117,655.29

135.76% 589,050.00

4108 · Syllabus Sales

5,452.65

1,000.00

4,452.65

545.27% 30,802.10

10,600.00

20,202.10

290.59% 29,800.00

4111 · Prof Badge & Cert Fees

1,100.00

700.00

400.00

157.14% 6,300.00

4,900.00

1,400.00

128.57% 8,400.00

4113 · SAP

3,556.20

4,000.00

(443.80)

88.91% 43,419.60

31,200.00

12,219.60

139.17% 56,338.00

4114 · Algorithm Sales

3,069.90

2,000.00

1,069.90

153.5% 33,312.75

19,975.00

13,337.75

166.77% 31,975.00

4115 · Webinars & Podcasts

0.0%

60.00

(60.00)

0.0%

90.00

Total 4150 · Education Products & Serv

66,304.88

55,700.00

10,604.88

119.04% 598,984.15

422,535.00

176,449.15

141.76% 771,053.00

4300 · Spring Conference

4310 · Spr - Educational Grant

0.0% 21,500.00

20,000.00

1,500.00

107.5% 20,000.00

4302 · Spr - Advertisements

0.0% 1,200.00

3,300.00

(2,100.00)

36.36% 3,300.00

4303 · Spr - Sponsorships

0.0% 10,740.00

11,700.00

(960.00)

91.8% 11,700.00

4304 · Spr - Exhibits

0.0% 19,478.00

60,000.00

(40,522.00)

32.46% 60,000.00

4305 · Spr - Registration

0.0%

4309 · Spr - Livestream Attendees

0.0% 370,260.35

381,750.00

(11,489.65)

96.99% 381,750.00

Total 4300 · Spring Conference

0.0% 423,178.35

476,750.00

(53,571.65)

88.76% 476,750.00

4350 · Fall Conference

4359 · Fall - Educational Grant

0.0%

0.0% 20,000.00

4351 · Fall - Misc

1,570.00

100.0% 1,570.00

1,570.00

100.0%

4352 · Fall - Ads Program

1,500.00

100.0% 4,200.00

4,200.00

100.0% 5,500.00

4353 · Fall - Sponsorships

20,245.00

100.0% 31,468.00

31,468.00

100.0% 17,600.00

4354 · Fall - Exhibits

25,200.00

100.0% 84,950.00

84,950.00

100.0% 90,000.00

4355 · Fall - Registration

91,762.90

100.0% 133,161.15

133,161.15

100.0% 393,750.00

4360 · Fall - Livestream Attendees

9,986.50

100.0% 12,446.50

12,446.50

100.0% 250,000.00

Total 4350 · Fall Conference

150,264.40

100.0% 267,795.65

267,795.65

100.0% 776,850.00

4400 · Publications

4402 · Ads - Newsletter

750.00

1,658.00

(908.00)

45.24% 27,365.00

11,610.00

15,755.00

235.7% 19,900.00

4403 · Ads-Website/Social/Drctory

2,200.00

950.00

1,250.00

231.58% 12,750.00

6,650.00

6,100.00

191.73% 11,400.00

4404 · Ads - Education

2,500.00

2,250.00

250.00

111.11% 6,000.00

15,750.00

(9,750.00)

38.1% 27,000.00

4405 · Ads - Career Center

417.00

(417.00)

0.0% 1,500.00

2,915.00

(1,415.00)

51.46% 5,000.00

Total 4400 · Publications

5,450.00

5,275.00

175.00

103.32% 47,615.00

36,925.00

10,690.00

128.95% 63,300.00

4700 · Administration

4704 · Misc Shipping

581.45

100.0% 8,547.09

8,547.09

100.0%

4709 · FOMA Application Fees

0.0% 250.00

250.00

100.0%

4710 · Misc Income

37.77

100.0% 367.91

367.91

100.0%

Total 4700 · Administration

619.22

100.0% 9,165.00

9,165.00

100.0%

4900 · Fundamentals Courses

4904 · FUN - Educational Grant

0.0% 30,000.00

30,000.00

100.0% 30,000.00

4901 · FUN - Registrations

830.00

100.0% 42,525.00

33,600.00

8,925.00

126.56% 50,400.00

4902 · FUN - Exhibits

0.0% 14,725.00

19,400.00

(4,675.00)

75.9% 29,100.00

Total 4900 · Fundamentals Courses

830.00

100.0% 87,250.00

83,000.00

4,250.00

105.12% 109,500.00

Page 5 of 9

Obesity Medicine Association Profit & Loss Budget Performance July 2021

% of Budget

% of Budget Annual Budget

Jul 21

Budget

$ Over Budget

Jan - Jul 21 YTD Budget $ Over Budget

4910 · New Projects/Innovations

4911 · Fees/Registrations/Sales

4,167.00

(4,167.00)

0.0% 10,633.00

29,165.00

(18,532.00)

36.46% 50,000.00

4913 · Grants

2,083.00

(2,083.00)

0.0% 14,062.50

14,585.00

(522.50)

96.42% 25,000.00

Total 4910 · New Projects/Innovations

6,250.00

(6,250.00)

0.0% 24,695.50

43,750.00

(19,054.50)

56.45% 75,000.00

4950 · Direct Public Support

4951 · Corp Contrib for Education

0.0% 50,000.00

45,000.00

5,000.00

111.11% 90,000.00

Total 4950 · Direct Public Support

0.0% 50,000.00

45,000.00

5,000.00

111.11% 90,000.00

Total Income

324,669.74

179,308.00

145,361.74

181.07% 2,275,498.03

1,892,545.00

382,953.03

120.24% 3,707,453.00

Gross Profit

324,669.74

179,308.00

145,361.74

181.07% 2,275,498.03

1,892,545.00

382,953.03

120.24% 3,707,453.00

Expense

5100 · Membership Services Expense

5101 · Postage/Shipping

570.17

770.00

(199.83)

74.05% 4,387.50

5,290.00

(902.50)

82.94% 8,540.00

5102 · Printing

285.00

(285.00)

0.0% 2,561.74

9,070.00

(6,508.26)

28.24% 9,995.00

5103 · Certificates/Awards/Pins

0.0%

0.0% 2,500.00

5105 · Marketing

42.90

1,750.00

(1,707.10)

2.45% 8,478.51

33,250.00

(24,771.49)

25.5% 42,000.00

Total 5100 · Membership Services Expense

613.07

2,805.00

(2,191.93)

21.86% 15,427.75

47,610.00

(32,182.25)

32.4% 63,035.00

5140 · Education

5106 · Merchandise

2,168.50

1,075.00

1,093.50

201.72% 17,871.25

7,525.00

10,346.25

237.49% 12,900.00

5296 · eBooks & Course Books

0.0% 2,449.43

2,500.00

(50.57)

97.98% 5,000.00

5121 · Digital CME

0.0% 150.00

2,000.00

(1,850.00)

7.5% 2,000.00

5116 · Algorithm

321.94

100.0% 25,053.70

12,400.00

12,653.70

202.05% 20,400.00

5123 · Syllabus

524.00

100.0% 8,571.87

9,000.00

(428.13)

95.24% 20,500.00

5124 · Webinars/Podcasts

500.00

1,750.00

(1,250.00)

28.57% 5,750.00

10,500.00

(4,750.00)

54.76% 17,000.00

5126 · SAP

0.0% 7,965.86

11,000.00

(3,034.14)

72.42% 15,000.00

5127 · Shipping

367.94

250.00

117.94

147.18% 6,096.10

2,000.00

4,096.10

304.81% 3,950.00

5129 · Marketing

250.00

(250.00)

0.0%

1,750.00

(1,750.00)

0.0% 3,000.00

Total 5140 · Education

3,882.38

3,325.00

557.38

116.76% 73,908.21

58,675.00

15,233.21

125.96% 99,750.00

5150 · Board Strategic Plan Event

5151 · Travel Expenses

1,050.00

(1,050.00)

0.0%

7,350.00

(7,350.00)

0.0% 12,600.00

5152 · Activities

208.00

(208.00)

0.0%

1,460.00

(1,460.00)

0.0% 2,500.00

5153 · Consultant

1,000.00

(1,000.00)

0.0%

7,000.00

(7,000.00)

0.0% 12,000.00

5154 · Facilities

833.00

(833.00)

0.0%

5,835.00

(5,835.00)

0.0% 10,000.00

Total 5150 · Board Strategic Plan Event

3,091.00

(3,091.00)

0.0%

21,645.00

(21,645.00)

0.0% 37,100.00

5200 · Board of Trustees General

5201 · OMA Conference Travel

750.00

4,500.00

(3,750.00)

16.67% 750.00

31,500.00

(30,750.00)

2.38% 54,000.00

5204 · Leadership Development

417.00

(417.00)

0.0%

2,915.00

(2,915.00)

0.0% 5,000.00

Total 5200 · Board of Trustees General

750.00

4,917.00

(4,167.00)

15.25% 750.00

34,415.00

(33,665.00)

2.18% 59,000.00

5220 · External Prof Meetings

5221 · AMA Annual Caucus

0.0%

5,100.00

(5,100.00)

0.0% 5,100.00

5222 · AMA Interim Caucus

0.0%

0.0% 3,050.00

5223 · Obesity Week

0.0%

0.0% 11,500.00

5225 · AAPA

0.0%

1,500.00

(1,500.00)

0.0% 1,500.00

5227 · AANP

0.0% 1,500.00

1,500.00

100.0% 1,500.00

5229 · Blackburn Course

0.0%

2,550.00

(2,550.00)

0.0% 2,550.00

5231 · Lifestyle Medicine

0.0% 4,000.00

4,000.00

100.0% 10,350.00

5232 · Misc

476.94

2,000.00

(1,523.06)

23.85% 4,055.19

8,000.00

(3,944.81)

50.69% 8,000.00

Total 5220 · External Prof Meetings

476.94

2,000.00

(1,523.06)

23.85% 9,555.19

18,650.00

(9,094.81)

51.23% 43,550.00

Page 6 of 9

Obesity Medicine Association Profit & Loss Budget Performance July 2021

% of Budget

% of Budget Annual Budget

Jul 21

Budget

$ Over Budget

Jan - Jul 21 YTD Budget $ Over Budget

5270 · Accreditation Cost

5271 · AOA

0.0% 50.00

375.00

(325.00)

13.33% 375.00

5272 · ACCME

0.0% 7,500.00

7,500.00

100.0% 7,500.00

5274 · AANP/AAPA

0.0% 6,955.00

3,500.00

3,455.00

198.71% 6,250.00

5275 · AAFP

870.00

100.0% 2,550.00

1,500.00

1,050.00

170.0% 2,700.00

5280 · AAP

0.0% 450.00

450.00

100.0% 500.00

5278 · CDR Dietician

0.0% 90.00

100.00

(10.00)

90.0% 220.00

5281 · Misc

0.0%

500.00

(500.00)

0.0% 500.00

Total 5270 · Accreditation Cost

870.00

100.0% 17,595.00

13,475.00

4,120.00

130.58% 18,045.00

5300 · Spring Conference.

5301 · Spr - Marketing

0.0% 7,234.91

32,000.00

(24,765.09)

22.61% 32,000.00

5302 · Spr - Printing

0.0%

5,000.00

(5,000.00)

0.0% 5,000.00

5303 · Spr - Postage/Shipping

0.0% 45.46

1,500.00

(1,454.54)

3.03% 1,500.00

5304 · Spr - Exhibit Services

0.0%

4,000.00

(4,000.00)

0.0% 4,000.00

5305 · Spr - Insurance

0.0%

1,000.00

(1,000.00)

0.0% 1,000.00

5306 · Spr - Supplies

0.0%

1,000.00

(1,000.00)

0.0% 1,000.00

5307 · Spr - Travel

0.0%

11,500.00

(11,500.00)

0.0% 11,500.00

5308 · Spr - Food & Beverage

0.0% 1,418.33

75,000.00

(73,581.67)

1.89% 75,000.00

5309 · Spr - Faculty Travel

0.0%

25,000.00

(25,000.00)

0.0% 25,000.00

5320 · Spr - AV Services

0.0% 41,675.00

89,000.00

(47,325.00)

46.83% 89,000.00

5321 · Spr - Rental Fee

0.0% 74,170.40

74,170.40

100.0%

5323 · Spr - External Events

0.0% 2,050.00

2,050.00

100.0%

5319 · Spr - Honoraria

0.0% 23,600.00

35,000.00

(11,400.00)

67.43% 35,000.00

5314 · Spr - Misc

0.0%

8,330.00

(8,330.00)

0.0% 8,330.00

5311 · Spr - Contract Labor

0.0%

2,000.00

(2,000.00)

0.0% 2,000.00

5312 · Spr - Technology

0.0% 39,247.21

40,100.00

(852.79)

97.87% 40,100.00

Total 5300 · Spring Conference.

0.0% 189,441.31

330,430.00

(140,988.69)

57.33% 330,430.00

5350 · Fall Conference.

5351 · Fall - Marketing

2,725.90

17,500.00

(14,774.10)

15.58% 2,725.90

20,000.00

(17,274.10)

13.63% 43,000.00

5352 · Fall - Printing

0.0%

0.0% 8,000.00

5353 · Fall - Postage/Shipping

0.0%

0.0% 4,000.00

5354 · Fall - Exhibit Services

0.0%

0.0% 5,000.00

5355 · Fall - Insurance

0.0%

0.0% 2,500.00

5356 · Fall - Supplies

627.70

100.0% 627.70

627.70

100.0% 3,000.00

5357 · Fall - Travel

260.98

100.0% 260.98

260.98

100.0% 25,000.00

5358 · Fall - Food & Beverage

0.0%

0.0% 250,000.00

5363 · Fall - AV Services

37,059.85

100.0% 37,059.85

37,059.85

100.0% 103,000.00

5365 · Fall - Badge Services

6,948.75

100.0% 6,948.75

6,948.75

100.0% 8,000.00

5366 · Fall - External Events

10,981.20

100.0% 10,981.20

10,981.20

100.0% 30,000.00

5369 · Fall - Honoraria

4,000.00

100.0% 4,000.00

4,000.00

100.0% 40,000.00

5359 · Fall - Faculty Travel

0.0%

0.0% 25,000.00

5360 · Fall - Contract Labor

0.0%

0.0% 3,000.00

5362 · Fall - Misc

0.0% 561.08

561.08

100.0% 8,000.00

5370 · Fall - Technology

16,400.00

100.0% 17,325.00

17,325.00

100.0% 30,000.00

Total 5350 · Fall Conference.

79,004.38

17,500.00

61,504.38

451.45% 80,490.46

20,000.00

60,490.46

402.45% 587,500.00

Page 7 of 9

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