2025-02-26T09:33:30-06:00 2024-05-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-06-01 362544491 Healthcare Financial Management Association Educational Foundation HEAL 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 C Ann Jordan President & CEO 7085319600 2025-02-18 1 1 Rebekuh Eley P01247672 3126343400 2025-02-18 2023 2025-03-06 01:10:19Z C Ann Jordan 2001 Butterfield Rd 1500 Downers Grove IL 60515 12677940 0 9431 X N/A X 1996 IL To define, realize and advance the financial management of health care by helping members and others improve the business performance of organizations operating in or serving the healthcare field. 13 12 0 13 0 0 12351 9697 8470722 10920641 537228 1378413 0 75000 9020301 12383751 0 0 0 0 0 0 0 0 0 7659405 9972037 7659405 9972037 1360896 2411714 32485751 35423836 9019981 8091761 23465770 27332075 To define, realize and advance the financial management of health care by helping members and others improve the business performance of organizations operating in or serving the healthcare field. 0 0 9908613 10920641 The purpose of Healthcare Financial Management Association Educational Foundation (EF) is to receive and administer funds and property for educational purposes, including the instruction or training of individuals and groups, utilizing discussion groups, forums, panels, lectures or similar programs and through various courses of instruction for the purpose of improving or developing capabilities in the field of healthcare financial management. The largest revenue generating event for EF is the Annual Conference which provides members an opportunity for face to face education, lecture, panel discussion, sharing of best practice processes and networking. 9908613 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 1 1 1 0 0 0 IL X X Steve S Saldivar 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 X Joseph J Fifer President & CEO until 7/31/23 13.00 27.00 X X 259778 606147 106057 Richard Gundling SVP, Healthcare Financial Practices 13.00 27.00 X 154188 359771 91615 Mary Mirabelli SVP Content Strategy & Delivery until 12/15/23 13.00 27.00 X 151326 353093 47508 William Casey SVP Member Experience & Bus Dev until 5/31/24 13.00 27.00 X 139979 326617 79850 Richard Lucas Dir, Channel Assets until 8/31/24 13.00 27.00 X 145337 339121 23119 Vincent Lynn Enterprise Account Executive 13.00 27.00 X 127818 298241 35207 C Ann Jordan President & CEO 13.00 27.00 X X 101960 237907 40710 Lisa Richards VP, People and Culture 13.00 27.00 X 94404 220276 65661 Steve Saldivar Vice President & CFO 13.00 27.00 X 90098 210228 54192 Todd Nelson Director, Partner Relationships 13.00 27.00 X 81735 190715 38292 Richard Schellenberg Account Executive 13.00 27.00 X 76538 178589 34617 Rita Walker Director, Channel Assets 13.00 27.00 X 71879 167716 44449 Dennis E Dahlen Chairman 0.40 4.00 X X 0 0 0 Marc B Scher Chair-Elect 0.40 3.60 X X 0 0 0 Kiran Betheja Secretary/Treasurer 0.30 3.00 X X 0 0 0 Colleen M Blye Director 0.30 2.30 X 0 0 0 Maureen A Clancy Director 0.30 2.30 X 0 0 0 Matthew E Cox Director 0.30 2.30 X 0 0 0 Carladenise Armbrister Edwards Director 0.30 2.30 X 0 0 0 Nikki Harper Director 0.30 2.30 X 0 0 0 Scott Hawig Director 0.30 2.30 X 0 0 0 David W Johnson Director 0.30 2.30 X 0 0 0 Susan K Nelson Director 0.30 2.30 X 0 0 0 Marcus Whitney Director 0.30 2.30 X 0 0 0 1495040 3488421 661277 7 0 1 0 Marriott Hotel Services LLC-Gaylord Opry 2800 Opryland Drive Nashville TN 37214 Facility Rental and Event Services 1633537 Production Resource Group LLC PO Box 419470 Boston MA 02241 Event Services 734567 Sheraton New York Times Square Hotel 811 7th Avenue New York NY 10019 Facility Rental and Event Services 313530 Sheraton Phoenix Downtown 340 North 3rd Phoenix AZ 85504 Facility Rental and Event Services 214797 Shepard Exposition Services 1778 Marietta Boulevard NW Atlanta GA 30318 Exposition Services 205681 6 9697 9697 Sponsorships 900099 5741781 5741781 Exhibits & Fees 611710 4715890 4715890 Training 611710 331689 331689 Education 611710 119836 119836 11445 11445 10920641 672622 672622 999980 294189 705791 705791 705791 Bad Debt Reversal 900099 75000 75000 75000 12383751 10920641 0 1453413 4886796 4842478 44318 39901 39901 30495 30495 982620 982620 246899 246435 464 -8422 49332 -57754 1168487 1168487 1965989 1959989 6000 659272 659272 9972037 9908613 63424 0 4888491 4855671 120924 1125173 2158422 1811240 753949 1029921 19540872 21364808 5023093 5237023 32485751 35423836 213948 223039 8806033 7868722 9019981 8091761 X 23465770 27332075 23465770 27332075 32485751 35423836 2411714 1454591 0 X 0 1 X 1 0 X 2945 0 18325 12351 9697 43318 7533488 2496277 5532344 8470722 10920641 34953472 7536433 2496277 5550669 8483073 10930338 34996790 0 383520 185130 292006 510010 1370666 383520 185130 292006 510010 1370666 33626124 576045 549579 370057 484714 672622 2653017 576045 549579 370057 484714 672622 2653017 75000 75000 8112478 3045856 5920726 8967787 11677960 37724807 0.89140 0.90410 0.07030 0.07320 X 0 Chapter - Restricted Funds 96576 Due from Affiliates 5140447 5237023 X 13732847 1454591 1454591 12278256 30495 75000 105495 12383751 9866542 -75000 -75000 9941542 30495 30495 9972037 Part X, Line 2: The Foundation is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for such taxes has been recognized in these financial statements. The Foundation follows the provisions of the Accounting for Uncertainty in Income Taxes section of the Income Taxes Topic of the ASC, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation 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 Foundation and various positions related to the potential sources of unrelated business income (UBI). There were no unrecognized tax benefits identified or recorded as liabilities as of May 31, 2024 and 2023. Part XI, Line 4b - Other Adjustments: Reversal of Bad Debt 75,000. Part XII, Line 2d - Other Adjustments: Reversal of Bad Debt -75,000. 0 1 0 0 0 0 0 0 0 Joseph J Fifer President & CEO until 7/31/23 153771 358799 44208 103151 61799 144197 28181 65755 3636 8485 291595 680387 61057 142467 Richard Gundling SVP, Healthcare Financial Practices 126033 294076 14661 34209 13494 31486 18462 43079 9022 21052 181672 423902 11089 25875 Mary Mirabelli SVP Content Strategy & Delivery until 12/15/23 126167 294390 13009 30353 12150 28350 6930 16170 7322 17086 165578 386349 9806 22881 William Casey SVP Member Experience & Bus Dev until 5/31/24 117005 273010 13416 31305 9558 22302 17483 40794 6472 15101 163934 382512 8730 20370 Richard Lucas Dir, Channel Assets until 8/31/24 144950 338218 0 0 387 903 3635 8481 3301 7702 152273 355304 0 0 Vincent Lynn Enterprise Account Executive 127768 298125 0 0 50 116 1974 4606 8588 20039 138380 322886 0 0 C Ann Jordan President & CEO 101816 237570 0 0 144 337 10500 24500 1713 3997 114173 266404 0 0 Lisa Richards VP, People and Culture 83824 195590 9743 22733 837 1953 13278 30982 6420 14981 114102 266239 575 1342 Steve Saldivar Vice President & CFO 82295 192020 7656 17865 147 343 12571 29334 3686 8601 106355 248163 0 0 Todd Nelson Director, Partner Relationships 74625 174125 6723 15687 387 903 5066 11819 6422 14985 93223 217519 0 0 Richard Schellenberg Account Executive 76135 177650 0 0 403 939 2300 5366 8085 18866 86923 202821 0 0 Rita Walker Director, Channel Assets 71789 167507 0 0 90 209 3341 7795 9994 23319 85214 198830 0 0 Part I, Line 3 The compensation is determined by the related organization, Healthcare Financial Management Association. The following methods were used: -Compensation committee -Independent compensation consultant -Form 990 of other organizations -Compensation survey or study -Approval by the board or compensation committee Part I, Line 4b The following individuals received contributions to their supplemental non-qualified retirement plan in 2023: William Casey $35,177 Rick Gundling $38,441 C. Ann Jordan $35,000 Lisa Richards $25,544 Steve Saldivar $24,300 The following individuals received payouts from their supplemental non-qualified retirement plan in 2023: William Casey $29,100 Joseph J. Fifer $203,524 Rick Gundling $36,964 Mary Mirabelli $32,687 Lisa Richards $1,917 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. 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 The Organization 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 The related organization, Healthcare Financial Management Association, 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 recordkeeping with respect to deliberations and decision regarding the compensation arrangement. Form 990, Part VI, Section C, line 19 The organization's Governing Documents, Conflict of Interest Statement and Financial Statements are supplied to outside inquiries upon request. 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 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 362318336 Professional Membership Organization IL 501(c)(6) N/A 0 HFMA Learning Solutions Inc 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 364239827 Education Media IL N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 Healthcare Financial Management Association M 4886796 Accrual Healthcare Financial Management Association R 4378669 Accrual Part II Healthcare Financial Management Association is a related organization which is included in another group exemption with subordinate organizations. HFMA is affiliated with the Foundation through common membership of their respective Boards of Directors.