Mgma-Acmpe

“The executive committee shall be composed of the following: chair of the board, vice chair of the board, immediate past chair of the board, the finance and audit chair and the finance and audit vice chair. The executive committee shall review and take action on items that, in the discretion of the chair of the board, must be acted upon prior to a full meeting of the board, in situations where a meeting with the full board is not practicable. Actions of the executive committee, other than those relating to the salary and performance evaluation of the president/chief executive officer, shall be posted electronically as soon as practicable for review by the board.”

“The categories of members are: individual, student, faculty, honorary, distinguished, and life.”

“All dues-paying and distinguished members have the privilege of voting on specified association matters, namely the election of directors.”

“All dues-paying and distinguished members have the privilege of voting on specified association matters, namely the election of directors. They also have the privilege of voting on all association matters requiring membership approval under the colorado revised nonprofit corporation act, the articles of incorporation, or the bylaws.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, the cfo will be the first to review the form 990 upon completion. The cfo will then present the form 990 to the finance/audit committee for a complete detail review and their approval. Once the finance/audit committee has approved, the board members will receive a copy of the form 990 and the chair will present the form 990 for approval by the full board prior to the form 990 being filed.”

“Mgma-acmpe's officers, board of directors, and committee members are required to disclose in writing on an annual basis any interests that could give rise to conflicts of interest. If any conflicts exist, the board members recuse themselves from voting on any matters pertaining to the conflict. The organization monitors compliance with the conflict of interest policy by inquiring at each board meeting whether there have been any changes that could give rise to a conflict of interest since the board members signed the annual affirmation. All procedures related to conflicts of interest are documented in the meeting minutes. Mgma-acmpe's fiscal policy, section 2.01(a) outlines the conflict of interest policy and procedure.”

“Mgma uses a compensation consultant, integrated healthcare strategies, a division of gallagher benefit services, inc (gallagher integrated), to provide an analysis of total compensation for its ceo. Mgma has a formal statement of executive compensation philosophy that was approved by the executive committee of the board on june 23, 2016. The analysis incorporated all aspects of compensation, including salary, incentives, benefits, severance, and perquisites. This report was issued in june, 2019. The analysis was reviewed by the executive committee of the board of directors. For the remaining officers of the association, compensation is reviewed on an annual basis. The last study was completed in spring 2018. The study is completed by the vp of human resources. The vp analyzes data from multiple compensation sources, including mercer executive study, prm management study, towers watson, mountain states employers council (msec) and asae to appropriately benchmark each position to the median of the marketplace. This information is reviewed with the ceo. The information is validated current market competitiveness against the current compensation for each executive, all of which demonstrated alignment.”

“Mgma-acmpe posts its audited consolidated financial statements, irs form 990, and governing documents on its website. The audited consolidated financial statements, governing documents, and conflict of interest policy are also available upon request.”

“Other consulting services 2,885,589. Honorariums 308,093.”

“Gain on deferred tax asset 867,894.”

“The process for the oversight of the audit and selection of an accountant has not changed from the prior year.”