Nonprofit · EIN 36-2318336
HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION
Also known as C ANN JORDAN
Tax-exempt · DOWNERS GROVE, IL 60515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $24,594,465 | $24,344,764 | $249,701 | $25,051,185 | $16,740,393 | $8,310,792 |
| May 31, 2024 | 990 | $25,936,800 | $25,804,376 | $132,424 | $25,009,493 | $16,951,442 | $8,058,051 |
| May 31, 2023 | 990 | $23,281,002 | $23,648,519 | -$367,517 | $23,035,589 | $15,729,792 | $7,305,797 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,902,769
- Investment income
- $599,408
- Net gain from sales of assets
- $164,383
- Other revenue
- $5,092,288
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,848,128
- Other salaries and wages
- $11,326,689
- Salaries, compensation and benefits (total)
- $15,842,970
- Professional fundraising fees
- $0
- Legal fees
- $116,751
- Accounting fees
- $96,425
- Occupancy
- $314,549
- Travel
- $623,819
- Depreciation
- $898,126
Balance sheet and other
- Total assets, start of year
- $25,009,493
- Total assets, end of year
- $25,051,185
- Total liabilities, end of year
- $16,740,393
- Net assets, end of year
- $8,310,792
- Land, buildings and equipment
- $574,530
- Publicly traded securities
- $15,302,599
- Net assets without donor restrictions
- $8,310,792
- Gross unrelated business income
- $1,148,841
- Gross receipts
- $25,723,168
- Employees
- 90
- Volunteers
- 1,160
- Year formed
- 1957
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| C Ann Jordan | President & CEO Trustee or director, Officer | 27 | $494,911 | $212,105 | $74,779 |
| William Casey SVP Member | Experience & Bus Dev until 5/31/24 Key employee | 27 | $415,979 | $178,275 | $60,671 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 27 | $383,960 | $164,555 | $97,102 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 27 | $290,248 | $124,392 | $38,109 |
| Lisa Richards | VP, People and Culture Key employee | 27 | $254,325 | $108,996 | $70,708 |
| Richard Lucas | Dir, Channel Assets until 8/15/24 Highest-paid employee | 27 | $282,293 | $120,983 | $16,065 |
| Steve Saldivar | Vice President & CFO Key employee | 27 | $229,410 | $98,318 | $57,076 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 27 | $210,495 | $90,212 | $40,981 |
| Nicole Weaver | Chief Technology & Eff. Officer Key employee | 27 | $207,490 | $88,925 | $38,246 |
| Brad Dennison | Director, Content Highest-paid employee | 27 | $170,569 | $73,102 | $51,191 |
| Jennifer Vanden Bergh | Account Executive Highest-paid employee | 27 | $167,055 | $71,595 | $18,175 |
| Marc B Scher | Chairman Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Kiran N Batheja | Chair-Elect Trustee or director, Officer | 3.6 | $0 | $0 | $0 |
| Matthew E Cox | Secretary/Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Robin Damschroder | Director Trustee or director | 2.3 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carladenise Armbrister Edwards | Director Trustee or director | 2.3 | $0 |
| Nikki Harper | Director Trustee or director | 2.3 | $0 |
| Scott R Hawig | Director Trustee or director | 2.3 | $0 |
| Kevin Holloran | Director Trustee or director | 2.3 | $0 |
| David W Johnson | Director Trustee or director | 2.3 | $0 |
| Susan K Nelson | Director Trustee or director | 2.3 | $0 |
| Deepak Sadagopan | Director Trustee or director | 2.3 | $0 |
| Marcus Whitney | Director Trustee or director | 2.3 | $0 |
990 for the year ended May 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph J Fifer | President & CEO until 7/31/23 Trustee or director, Officer | 27 | $606,147 | $259,778 | $106,057 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 27 | $359,771 | $154,188 | $91,615 |
| Mary Mirabelli SVP Content | Strategy & Delivery until 12/15/23 Key employee | 27 | $353,093 | $151,326 | $47,508 |
| William Casey SVP Member | Experience & Bus Dev until 5/31/24 Key employee | 27 | $326,617 | $139,979 | $79,850 |
| Richard Lucas | Dir, Channel Assets until 8/31/24 Highest-paid employee | 27 | $339,121 | $145,337 | $23,119 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 27 | $298,241 | $127,818 | $35,207 |
| C Ann Jordan | President & CEO Trustee or director, Officer | 27 | $237,907 | $101,960 | $40,710 |
| Lisa Richards | VP, People and Culture Key employee | 27 | $220,276 | $94,404 | $65,661 |
| Steve Saldivar | Vice President & CFO Key employee | 27 | $210,228 | $90,098 | $54,192 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 27 | $190,715 | $81,735 | $38,292 |
| Richard Schellenberg | Account Executive Highest-paid employee | 27 | $178,589 | $76,538 | $34,617 |
| Rita Walker | Director, Channel Assets Highest-paid employee | 27 | $167,716 | $71,879 | $44,449 |
| Dennis E Dahlen | Chairman Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Marc B Scher | Chair-Elect Trustee or director, Officer | 3.6 | $0 | $0 | $0 |
| Kiran Batheja | Secretary/Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Colleen M Blye | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Maureen A Clancy | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Matthew E Cox | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Carladenise Armbrister Edwards | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Nikki Harper | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Scott R Hawig | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| David W Johnson | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Susan K Nelson | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Marcus Whitney | Director Trustee or director | 2.3 | $0 | $0 | $0 |
990 for the year ended May 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph J Fifer | President & CEO until 5/31/23 Trustee or director, Officer | 27 | $979,554 | $419,809 | $117,678 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 27 | $326,679 | $140,005 | $86,070 |
| William Casey SVP Member | Experience and Business Development Key employee | 27 | $284,934 | $122,114 | $73,013 |
| Richard Lucas | Director, Channel Assets Highest-paid employee | 27 | $315,712 | $135,305 | $22,252 |
| Mary Mirabelli | SVP, Content Strategy and Delivery Key employee | 27 | $281,137 | $120,487 | $44,726 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 27 | $286,276 | $122,690 | $33,350 |
| Joyce Zimowski | SVP/CFO until 12/6/22 Key employee | 27 | $274,078 | $117,462 | $31,732 |
| Lisa Richards | VP, People and Culture Key employee | 27 | $186,539 | $79,945 | $60,566 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 27 | $187,434 | $80,329 | $37,196 |
| Richard Schellenberg | Account Executive Highest-paid employee | 27 | $160,832 | $68,928 | $32,796 |
| Rita Walker | Director, Channel Assets Highest-paid employee | 27 | $151,946 | $65,119 | $41,769 |
| Aaron R Crane | Chairman Trustee or director, Officer | 4 | $0 | $0 | $0 |
| Dennis E Dahlen | Chair-Elect Trustee or director, Officer | 3.6 | $0 | $0 | $0 |
| Marc B Scher | Secretary/Treasurer Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Carladenise Armbrister Edwards | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Abby Birch | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Colleen M Blye | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Maureen A Clancy | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Matthew E Cox | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| David W Johnson | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Jeffrey T O'Malley | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Margaret L Schuler | Director Trustee or director | 2.3 | $0 | $0 | $0 |
| Marcus Whitney | Director Trustee or director | 2.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2001 BUTTERFIELD RD STE 1500, DOWNERS GROVE, IL 60515-1049
- Principal officer (990 for 2024)
- C Ann Jordan, 2001 Butterfield Rd 1500, Downers Grove, IL 60515
- Signed the 990
- C Ann Jordan, President & CEO
- Phone
- (708) 531-9600
- Website
- www.hfma.org
- Return prepared by
- RSM US LLP
Mission
Leading the financial management of health care.
Program accomplishments
- 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 59 chapters and 11 regions, HFMA's 136,946 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 magazines and e-newsletters that are shared not only with the 136,946-member base but with other industry professionals, circulation for some periodicals reaching 34,000. 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Check at the IRS |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2318336
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Group exemption
- 1995 (63 member organizations)
- Assets (IRS master file)
- $25,051,185
- Income (IRS master file)
- $25,723,168
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2108 | – | – | – | IRS |
| 990 | May 2025 | $24,594,465 | $24,344,764 | $25,051,185 | XML |
| 990 | May 2024 | $25,936,800 | $25,804,376 | $25,009,493 | XML |
| 990 | May 2023 | $23,281,002 | $23,648,519 | $23,035,589 | XML |
| 990 | May 2022 | $26,004,256 | $21,763,231 | $21,103,876 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2318336).
Questions about HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION
- What is the EIN of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?
- The employer identification number (EIN) of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION is 36-2318336.
- Is HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1969.
- Are donations to HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2108.
- Who is the principal officer of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?
- The 990 for the year ended May 31, 2025 names C Ann Jordan.
- Who are the officers and directors of HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION?
- The 990 for the year ended May 31, 2025 lists 23 people; 11 received compensation from the organization, the highest $494,911 (C Ann Jordan, President & CEO).
- How much revenue does HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $24,594,465, expenses of $24,344,764 and total assets of $25,051,185 at year end.
Organizations in its group exemption (63)
- HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION EIN 23-7037143 · DOWNERS GROVE, IL · last filed 990 for 2025
- HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION EIN 26-0207629 · DOWNERS GROVE, IL · last filed 990-N for 2021
- HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION EIN 26-0173989 · DOWNERS GROVE, IL
Other nonprofits in DOWNERS GROVE
- ADVOCATE HEALTH AND HOSPITALS CORPORATION EIN 36-2169147 · last filed 990 for 2024
- ADVOCATE NORTH SIDE HEALTH NETWORK EIN 36-3196629 · last filed 990 for 2024
- ADVOCATE HEALTH CARE NETWORK EIN 26-2525968 · last filed 990 for 2024
- ADVOCATE SHERMAN HOSPITAL EIN 36-2167920 · last filed 990 for 2024
- MIDWESTERN UNIVERSITY EIN 36-3377698 · last filed 990 for 2025
- GLOBAL TECHNOLOGY INDUSTRY ASSOCIATION EIN 06-1058206 · last filed 990 for 2024
- EHS HOME HEALTH CARE SERVICE INC EIN 36-2913108 · last filed 990 for 2024
- SMART LOCAL 265 WELFARE FUND EIN 36-2356062 · last filed 990 for 2025