Commission on Accreditation of Healthcare Management Education

“The articles of incorporation were amended to include the following dissolution clause: "upon the dissolution of the corporation or the organization, the board of directors or governing staff, after paying or making provision for the payment of all of the liabilities of the corporation or organization, dispose of all the assets of the corporation or organization in such manner, or to organization(s) organized and operated exclusively for charitable, educational, religious, or scientific purposes that at the time qualify as an exempt organization(s) under section 501(c)(3) of the internal revenue code of 1954 (or corresponding provision of any future united states internal revenue law), as the board of directors or governing staff determines. Any such assets not so disposed of will be disposed of by the court of common pleas of the county in which the principal office of the corporation or organization is located, exclusively for such purposes as said court determine, which are organized and operated exclusively for such purposes."”

“The organization has one class of corporate members.”

“The members of commission of accreditation of healthcare management education (cahme) elect the board of directors. Cahme has a total of 8 members.”

“The form 990 was prepared by the outside accountants. A copy of the form 990 was submitted to each member of the board prior to filing. If the timing is such that the filing will come after the scheduled board meeting, the opportunity for questions are given at the meeting. If the timing is such that the filing will come prior to the scheduled board meeting an invitation to send questions to the staff regarding the 990 is given with the distribution of the draft.”

“Any member of the board, officer, director or key member of staff of cahme is required to disclose to the board of directors, either through an annual process or whenever the individual becomes aware of, any direct or indirect relationship with any individual or organization that cahme has a business relationship with. The concerned individual refrains from participating in discussions or voting on matters related to that organization or individual. If a conflict of interest arises, an appropriate disinterested person or committee will investigate alternatives to the business transactions, and after due diligence, if no alternative solutions are found, the board of directors determines by a majority vote of the disinterested directors whether the transaction is in cahme's best interest and is fair and reasonable to cahme. This process is documented in the executive committee minutes. If the board of directors has reasonable cause to believe that an officer or director has failed to disclose possible conflicts of interest, it initially gives the individual the opportunity to explain the failure to disclose such conflicts of interest. After which the board of directors can decide whether to further investigate any potential violations and proceed with appropriate disciplinary action.”

“The executive committee of the board performs the duty of compensation committee for the ceo of the organization. The executive committee reviews the performance of the ceo annually. A salary survey and comparison of ceos' in other accreditation organizations is used as the guideline for the ceo's compensation. This was documented and was last performed in september, 2019. A salary survey and comparison of staff compensation in other accreditation organizations is used as the guideline for cahme's staff compensation.”

“Cahme's bylaws are available on the organization's website; the annual financial statements are included in the organization's communications once a year, which is distributed to all accredited programs, volunteers, corporate members and other persons who have expressed an interest in receiving cahme information. Communications are available through the website to all visiting the website. The conflict of interest policy and other governing documents are made available upon request.”

“On may 4, 2020, cahme received loan proceeds in the amount of $63,330 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Cahme intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Cahme intends to apply for forgiveness after completing the 24 week period.”

“During 2020, cahme adopted asu 2018-08, not-for-profit entities (topic 958): clarifying the scope and accounting guidance for contributions received and contributions made. This guidance is intended to clarify and improve the scope and the accounting guidance for contributions received and contributions made. Key provisions in this guidance include clarification regarding the accounting for grants and contracts as exchange transactions or contributions, and improved guidance to better distinguish between conditional and unconditional contributions. In connection with the adoption of asu 2018-08, cahme restated its beginning net assets to properly reflect the retrospective implementation of the asu.”