Alliance for Academic Internal

“Aaim has 3 membership categories: founding members, associate members, and regular members. The founding members of the alliance include association of professors of medicine (apm), association of program directors in internal medicine (apdim), association of subspecialty professors d/b/a association of specialty professors (asp), clerkship directors in internal medicine (cdim), and administrators of internal medicine (aim). Associate members are any academically focused organizations that are committed to the future of academic internal medicine, rather than particular specialties within internal medicine, which have been approved as members by a unanimous vote of the board of directors. An associate member has no voting rights of any kind and shall be eligible to merge into the alliance by a unanimous vote of the board of directors at which time a council will represent the regular members of that group, and the president, past-president and president-elect will become members of the board of directors. An associate member may elect to remain in such status until terminated. An individual or a department shall be eligible to become a regular member to the extent his or her work responsibilities or its programs fit within the scope of the activities of the alliance, as determined by the board of directors in its sole discretion. All eligibility criteria, including as may be modified from time to time, are hereby incorporated by reference. Such individual or department shall only become and/or remain a member after all dues as may be required to be paid pursuant to article iv, section 4, have been paid.”

“The president, president-elect, and past president of each founding member serves on the organization's board. Those members also elect a chair, vice chair, and treasurer from a slate of nominees.”

“The draft 990 is reviewed by the senior director of business operations and ceo, and then is reviewed by the finance and audit committee before it is filed. An electronic copy of the form 990 is distributed to the governing body for their review and approval prior to filing.”

“On an annual basis a conflict of interest questionnaire is distributed to all aaim board and council members, aaim officers, and aaim staff for completion. The questionnaire includes questions regarding ownership or investment interests, compensation arrangements, and service relationships that may give rise to a conflict of interest. Once completed, forms are submitteed and reviewed. Any potential conflicts are evaluated by the aaim compliance committee and a course of action recommended to the aaim board of directors. During the year if potential conflicts of interest arise, they are presented to the aaim compliance committee for consideration.”

“The alliance engages a firm specializing in human resources matters and compensation setting to develop a comprehensive structure and complete market pricing for all positions, including ceo position. The firm provides aaim with a structure that includes minimum, 25th quartile, midpoint, 75th quartile, and maximum for each position based on its review of several salary studies. The salary for each position is compared to the structure. The results are presented to the compensation committee for review and approval of the structure as well as any market based adjustments to compensation. Each year a compensation budget is developed based on the approved compensation structure. Any recommended increases based on performance or market are considered by the compensation committee. The compensation committee makes a recommendation to the finance and audit committee to include or adjust the compensation amounts included in the annual budget approved by the board of directors each june. This process was most recently undertaken in fiscal year 2024. With approved market adjustments effective for fiscal year 2025. Aaim will undertake the compensation review process again in fiscal year 2026 with any approved market adjustments to be effective fiscal year 2027.”

“Alliance for academic internal medicine inc makes their governing documents, conflict of interest policy, and financial statement available upon request.”

“Professional services: program service expenses 510,651. Management and general expenses 336,745. Fundraising expenses 0. Total expenses 847,396. Financial fees: program service expenses 110,776. Management and general expenses 50,132. Fundraising expenses 0. Total expenses 160,908. Recruitment: program service expenses 129. Management and general expenses 143,455. Fundraising expenses 0. Total expenses 143,584.”

“The process has not changed from the prior year.”