Obesity Medicine Association

“The property, affairs and business of the association is managed and conducted by the oma's board of trustees (bot). The bot shall have and may exercise all of the powers of the association, shall make all bylaws, rules and regulations for the governing of the association, including the management of its affairs and the election of officers, and the bot may repeal, alter or amend such bylaws, rules and regulations by majority vote of the bot as it deems proper for the management of the affairs of the association.”

“The organization has members which are authorized in the organizational documents and the members elect the board of trustees.”

“All voting members except clinician in training membership category of obesity medicine association have power to elect and appoint the board and governing body.”

“The 990 is reviewed and approved by the oma's secretary/treasurer, who is a member of the oma's executive committee, who is one of the top five ranking officials who oversee the finances of the oma in conjunction with the oma's executive director.”

“All bot members are required to complete a conflict of interest (coi) disclosure document annually, and ongoing updates to the disclosures document is conducted prior to each bot meeting to ensure accuracy and transparency among the various members of the bot. The bot reviews all disclosures and determines whether a potential coi exists and if a conflict arises during a bot meeting, the affected person(s) recuse from voting on the matter at hand involving the potential conflict. Further, the oma uses its ethics committee as needed in such matters whereby a conflict of interest may need further examination or exploration. In may of 2024, the oma applied for membership and was approved to join the council of medical specialty societies (cmss), and the oma's executive director, the oma's 2024-2025 president, and the oma's senior director of education, events, and operations are currently participating in cmss' governance and leadership excellence across medicine (gleam) program whose explicit focus is on that of following best practices in governance, which we will incorporate into the oma's various governance policies and protocols at the conclusion of the gleam program in november of 2024.”

“The oma's executive director's performance is evaluated by the oma's board of trustees on an annual basis and the executive director's compensation is determined based on the recommendations of published association industry benchmarking data and accomplishments of performance goals. The oma's legal counsel is involved in any contract re-negotiations as these occur based on the terms of the ed's contract, and in determining the ed's compensation, a compensation comparison survey is used in determining fair market value, and compensation averages across the association industry. Further, the ed determines other key employee's salaries based on review of data available from employer's council, payfactors, asae, and obsidian hr, the oma's peo in order to ensure data-based, market competitive decisions relative to staff's compensation.”

“AVAILABLE UPON REQUEST.”

“Obesity medicine association (oma) has entered into a relationship with obsidianhr, a professional employer organization (peo). Therefore, oma does not file form w-3 and no employees are reported directly by oma. The peo filed on behalf of 20 oma employees during the year.”

“The board of trustees' process for reviewing the annual audit has not changed from the prior year. The board of trustees reviews the annual financial statements, reports to governance, and votes to approve these documents at a meeting every year after the annual audit has completed.”