2024-04-01T16:44:15-05:00 2023-05-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 C Ann Jordan President & CEO 7085319600 2024-03-25 1 C Ann Jordan 999009999 1 Rebekuh Eley P01247672 3126343400 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z C Ann Jordan 2001 Butterfield Rd 1500 Downers Grove IL 60515 23281002 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care. 13 12 85 775 1817897 131371 1901680 0 19188187 18830520 372546 342995 4541843 4107487 26004256 23281002 0 0 0 0 14246957 15462466 0 0 0 7516274 8186053 21763231 23648519 4241025 -367517 21103876 23035589 13038348 15729792 8065528 7305797 Leading the financial management of health care. 0 0 Membership - Healthcare Financial Management Association's (HFMA) goal is to improve the financial management of US healthcare institutions and related healthcare organizations through fostering knowledge and proficiency, providing a forum for exchange of ideas and best practices, strengthening cooperation among those in the profession, and establishing and promulgating principles of practice and standards of performance. Through 63 chapters and 11 regions, HFMA's 102,000 members have opportunities for education, sharing of common experiences, and keeping up to date on legislative and regulatory changes. These venues also provide for networking exchanges that build relationships that further professional careers and create personal, long-lasting friendships that span the US geography. HFMA publishes monthly magazines and e-newsletters that are shared not only with the 102,000-member base but with other industry professionals, circulation for some periodicals reaching 40,000. The publications contain articles and information related to recent governmental rule changes and those under consideration, current events, real life best practice examples and hot topics facing the industry. E-newsletters are circulated to registered members. Certification and Education - The Healthcare Financial Management Association (HFMA) helps its members-both individuals and organizations-achieve optimal performance by providing the practical tools and solutions, education, industry analyses, and strategic guidance needed to address the many challenges that exist within the US healthcare system. HFMA advances the profession and industry by providing relevant education and professional development opportunities, offering specialized certifications in revenue cycle, accounting and finance, business intelligence, managed care, and physician practice management. HFMA also provides educational content via webinars, virtual experiences and custom content. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 67 0 1 85 1 1 1 0 0 0 0 0 1 0 X 13 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 1 1 1 1 0 X X Steve S Saldivar 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 X Joseph J Fifer President & CEO until 5/31/23 27.00 13.00 X X 979554 419809 117678 Aaron R Crane Chairman 4.00 0.40 X X 0 0 0 Dennis E Dahlen Chair-Elect 3.60 0.40 X X 0 0 0 Marc B Scher Secretary/Treasurer 3.00 0.30 X X 0 0 0 Carladenise Armbrister Edwards Director 2.30 0.30 X 0 0 0 Abby Birch Director 2.30 0.30 X 0 0 0 Colleen M Blye Director 2.30 0.30 X 0 0 0 Maureen A Clancy Director 2.30 0.30 X 0 0 0 Matthew E Cox Director 2.30 0.30 X 0 0 0 David W Johnson Director 2.30 0.30 X 0 0 0 Jeffrey T O'Malley Director 2.30 0.30 X 0 0 0 Margaret L Schuler Director 2.30 0.30 X 0 0 0 Marcus Whitney Director 2.30 0.30 X 0 0 0 Richard Gundling SVP, Healthcare Financial Practices 27.00 13.00 X 326679 140005 86070 William Casey SVP Member Experience and Business Development 27.00 13.00 X 284934 122114 73013 Mary Mirabelli SVP, Content Strategy and Delivery 27.00 13.00 X 281137 120487 44726 Joyce Zimowski SVP/CFO until 12/6/22 27.00 13.00 X 274078 117462 31732 Lisa Richards VP, People and Culture 27.00 13.00 X 186539 79945 60566 Richard Lucas Director, Channel Assets 27.00 13.00 X 315712 135305 22252 Vincent Lynn Enterprise Account Executive 27.00 13.00 X 286276 122690 33350 Todd Nelson Director, Partner Relationships 27.00 13.00 X 187434 80329 37196 Richard Schellenberg Account Executive 27.00 13.00 X 160832 68928 32796 Rita Walker Director, Channel Assets 27.00 13.00 X 151946 65119 41769 3435121 1472193 581148 34 0 1 0 XIT Solutions Inc 18W140 Butterfield Road Oak Brook Terrace IL 60181 IT Services 738585 Meridian Technology Solutions 2210 Midwest Road Oak Brook IL 60523 IT Services 672311 Powercast Media LLC 5527 N Camino Real Tucson AZ 85718 Advertising/Sales 544798 AdCellerant LLC 900 Bannock Street Denver CO 80204 Digital Marketing Services 467930 CLD Associates Inc 1171 S Prairie Avenue Lake Forest IL 60045 Advertising/Sales 431930 22 Membership Dues 611430 11924046 11924046 Publications 513120 1824095 6198 1817897 Sponsorships 611710 1807572 1807572 Benchmarking & Metrics 611430 1653755 1653755 Peer Review 900099 995000 995000 626052 327023 299029 18830520 308639 308639 34356 0 34356 34356 34356 Reimbursed Shared Services 900099 4107487 4107487 4107487 23281002 16713594 1817897 4749511 2169532 11089254 691881 820112 691687 103785 85674 18225 2281011 567634 926014 325610 849912 219029 445897 232399 Membership Model 958568 Equipment 755836 Subscriptions 201120 UBI Taxes 41213 174126 23648519 1569977 2202077 236586 254207 1786794 2658509 1613002 1274135 4072839 2235879 1551082 1836960 12894417 12827594 1452018 1982107 21103876 23035589 2984454 2454351 8817565 9164715 1236329 4110726 13038348 15729792 X 8065528 7305797 8065528 7305797 21103876 23035589 -367517 -392214 0 X 0 1 X 1 0 526928 44447 482481 3523941 2191432 1332509 21970 21970 1836960 Operating Lease ROU Asset 1289343 Investments Held for Deferred Compensation 692764 1982107 Due to Affiliates 2000963 Operating Lease Liability 1416999 Deferred Compensation Liability 692764 4110726 X Part X, Line 2: HFMA is exempt from federal income taxes under Section 501(c)(6) of the Internal Revenue Code. HFMA is subject to taxes on unrelated business income, which is generally HFMA's advertising revenue. Income tax expense associated with unrelated business income is reflected within the taxes expense line item on the consolidated statements of activities. The Association follows the provisions of the Accounting for Uncertainty in Income Taxes section of the Income Taxes Topic of the Codification, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Association and various positions related to the potential sources of unrelated business income (UBI). The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. This guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. As of May 31, 2023 and 2022, the Association has no liability for unrecognized tax benefits. HFMA files Form 990 in the U.S. federal jurisdiction. X X X 1 1 X X X X X 0 1 0 Joseph J Fifer President & CEO until 5/31/23 868467 372200 108121 46338 2966 1271 65976 28275 16399 7028 1061929 455112 48248 20678 Richard Gundling SVP, Healthcare Financial Practices 286997 122999 35857 15367 3825 1639 40331 17285 19918 8536 386928 165826 32812 14062 William Casey SVP Member Experience and Business Development 252757 108324 30245 12962 1932 828 36357 15582 14752 6322 336043 144018 26143 11204 Richard Lucas Director, Channel Assets 314809 134918 0 0 903 387 8016 3435 7561 3240 331289 141980 0 0 Mary Mirabelli SVP, Content Strategy and Delivery 244771 104902 30659 13139 5707 2446 14945 6405 16363 7013 312445 133905 21706 9302 Vincent Lynn Enterprise Account Executive 286178 122648 0 0 98 42 4387 1880 18958 8125 309621 132695 0 0 Joyce Zimowski SVP/CFO until 12/6/22 237323 101710 31523 13510 5232 2242 14945 6405 7267 3115 296290 126982 20458 8768 Lisa Richards VP, People and Culture 163021 69866 22961 9840 557 239 28298 12128 14098 6042 228935 98115 0 0 Todd Nelson Director, Partner Relationships 169521 72652 17430 7470 483 207 11517 4936 14520 6223 213471 91488 0 0 Richard Schellenberg Account Executive 159947 68549 0 0 885 379 5130 2199 17827 7640 183789 78767 0 0 Rita Walker Director, Channel Assets 151747 65034 0 0 199 85 7009 3004 22229 9527 181184 77650 0 0 Part I, Line 1a HFMA allows for first class travel as business expenses for the CEO and Board Chair to attend meetings related to HFMA business. The business expenses were treated as nontaxable to the individuals. Companion travel is allowed for the spouse or significant other of the CEO or Board Chair twice per year (Board Retreat and Annual Conference). This is not treated as taxable to the individual. HFMA paid for health club fees on behalf of the CEO, which is included in taxable compensation. Part I, Line 4b The following individuals received contributions to their supplemental non-qualified retirement plan in 2022: William Casey $30,589 Joseph Fifer $72,901 Rick L. Gundling $36,265 Lisa Richards $23,222 The following individuals received payouts from their supplemental non-qualified retirement plan in 2022: William Casey $37,347 Joseph Fifer $68,926 Rick L. Gundling $46,874 Joyce Zimowski $29,225 Mary Mirabelli $31,008 Form 990, Part VI, Section A, line 6 The organization has three classes of members: Regular member, National Life member, and a Student member. Each Regular member and National Life member shall be entitled to one vote on each matter submitted to a vote of the members. Student members shall have no voting rights. Form 990, Part VI, Section A, line 7a A majority of the qualified members voting at each annual meeting shall elect the officers and directors of the organization. Form 990, Part VI, Section A, line 7b In addition to voting for officers and directors, and approving amendments to the bylaws, as provided under the HFMA bylaws, qualified HFMA members, by virtue of Illinois law, would be required to approve any decision by the board of directors to engage in the following corporate transactions: merger or consolidation; dissolution; the sale, lease, exchange of assets other than in the usual course of business; and amendment of the articles of incorporation. Form 990, Part VI, Section B, line 11b The Board of Directors has delegated responsibility for governance's review of the Form 990 to the Secretary/Treasurer who serves as a member of the Board of Directors, as a member of the Executive Committee and Chair of the Audit and Finance Committee. Members of the Board of Directors are provided with copies of the returns prior to the returns being filed. Form 990, Part VI, Section B, line 12c HFMA has a formal Board policy which directs the review and affirmation of the organization's Conflict of Interest policy and related guidelines. The policy is provided to board members annually. Form 990, Part VI, Section B, line 15 HFMA uses an annual formal process for determining the annual compensation for the President/CEO and business executives. This process includes: use of independent outside business consultants; review and approval by a governing body or compensation committee; use and reference of compensation data for comparison of similar qualified professionals in functionally comparable positions at similarly situated organizations; contemporaneous documentation and record keeping with respect to deliberations and decision regarding the compensation arrangement. Form 990, Part VI, Section C, line 19 The organization disclosed its IRS Form 990 tax documents and audited financial statements on its official HFMA website - www.HFMA.org. Copies of IRS Form 990 are supplied to outside inquiries upon request. The organization also makes its Constitution, Bylaws, Code of Ethics and Mission statements available on its official website. Form 990, Part VII, Section A: Reportable compensation in columns (D) and (E) is paid from a common paymaster, Healthcare Financial Management Association (EIN: 36-2318336). The compensation attributed to services for the filing organization is allocated to column (D). Healthcare Financial Management Association Educational Foundation 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 362544491 Foster/Increase financial management knowledge through education IL 501(c)(3) Line 10 Healthcare Financial Management Association 1 HFMA Learning Solutions Inc 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 364239827 Education media IL Healthcare Financial Management Association C 236033 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 Healthcare Financial Management Association Educational Foundation S 7249796 Accrual Healthcare Financial Management Association Educational Foundation L 4107487 Accrual Healthcare Financial Management Association Learning Solutions Inc D 1000000 Accrual Part II Healthcare Financial Management Association Education Foundation is a related organization which is included in another group exemption with subordinate organizations. The Foundation is affiliated with HFMA through common membership of their respective Boards of Directors.