9.15.22 OMA Finance Committee Meeting

OBESITY MEDICINE ASSOCIATION Notes To Consolidated Financial Statements (Continued)

For the year ended December 31, 2021, investment return consists of the following: Other net investment income 143,827 $ Net unrealized/realized gain on investments 491,509 Total Investment Return 635,336 $ The Financial Accounting Standards Board Accounting Standards Codification topic, Fair Value Measurements , defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This topic also specifies a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Organizations have the ability to access. Level 2 Inputs to the valuation methodology include: DRAFT FOR • Quoted prices for similar assets or liabilities in active markets • Quoted prices for identical or similar assets or liabilities in inactive markets • Inputs other than quoted prices that are observable for the asset or liability • Inputs that are derived principally from or corroborated by observable market data by correlation or other means If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. DISCUSSION PURPOSES ONLY

Page 13