Nonprofit · EIN 36-2544491
HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION
Tax-exempt · DOWNERS GROVE, IL 60515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $11,274,438 | $9,359,461 | $1,914,977 | $38,250,519 | $8,153,748 | $30,096,771 |
| May 31, 2024 | 990 | $12,383,751 | $9,972,037 | $2,411,714 | $35,423,836 | $8,091,761 | $27,332,075 |
| May 31, 2023 | 990 | $9,020,301 | $7,659,405 | $1,360,896 | $32,485,751 | $9,019,981 | $23,465,770 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $13,595
- Program service revenue
- $10,293,421
- Investment income
- $967,422
- Net gain from sales of assets
- $259,697
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $42,445
- Travel
- $1,582,307
- Program services (functional)
- $9,203,997
- Management and general (functional)
- $155,464
Balance sheet and other
- Total assets, start of year
- $35,423,836
- Total assets, end of year
- $38,250,519
- Total liabilities, end of year
- $8,153,748
- Net assets, end of year
- $30,096,771
- Publicly traded securities
- $24,229,777
- Net assets without donor restrictions
- $30,096,771
- Gross receipts
- $11,274,438
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1996
- 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 | 13 | $212,105 | $494,911 | $74,779 |
| William Casey SVP Member | Experience & Bus Dev until 5/31/24 Key employee | 13 | $178,275 | $415,979 | $60,671 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 13 | $164,555 | $383,960 | $97,102 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 13 | $124,392 | $290,248 | $38,109 |
| Lisa Richards | VP, People and Culture Key employee | 13 | $108,996 | $254,325 | $70,708 |
| Richard Lucas | Dir, Channel Assets until 8/15/24 Highest-paid employee | 13 | $120,983 | $282,293 | $16,065 |
| Steve Saldivar | Vice President & CFO Key employee | 13 | $98,318 | $229,410 | $57,076 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 13 | $90,212 | $210,495 | $40,981 |
| Nicole Weaver | Chief Technology & Eff. Officer Key employee | 13 | $88,925 | $207,490 | $38,246 |
| Brad Dennison | Director, Content Highest-paid employee | 13 | $73,102 | $170,569 | $51,191 |
| Jennifer Vanden Bergh | Account Executive Highest-paid employee | 13 | $71,595 | $167,055 | $18,175 |
| Marc B Scher | Chairman Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Kiran N Batheja | Chair-Elect Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Matthew E Cox | Secretary/Treasurer Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Robin Damschroder | Director Trustee or director | 0.3 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carladenise Armbrister Edwards | Director Trustee or director | 0.3 | $0 |
| Nikki Harper | Director Trustee or director | 0.3 | $0 |
| Scott R Hawig | Director Trustee or director | 0.3 | $0 |
| Kevin Holloran | Director Trustee or director | 0.3 | $0 |
| David W Johnson | Director Trustee or director | 0.3 | $0 |
| Susan K Nelson | Director Trustee or director | 0.3 | $0 |
| Deepak Sadagopan | Director Trustee or director | 0.3 | $0 |
| Marcus Whitney | Director Trustee or director | 0.3 | $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 | 13 | $259,778 | $606,147 | $106,057 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 13 | $154,188 | $359,771 | $91,615 |
| Mary Mirabelli SVP Content | Strategy & Delivery until 12/15/23 Key employee | 13 | $151,326 | $353,093 | $47,508 |
| William Casey SVP Member | Experience & Bus Dev until 5/31/24 Key employee | 13 | $139,979 | $326,617 | $79,850 |
| Richard Lucas | Dir, Channel Assets until 8/31/24 Highest-paid employee | 13 | $145,337 | $339,121 | $23,119 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 13 | $127,818 | $298,241 | $35,207 |
| C Ann Jordan | President & CEO Trustee or director, Officer | 13 | $101,960 | $237,907 | $40,710 |
| Lisa Richards | VP, People and Culture Key employee | 13 | $94,404 | $220,276 | $65,661 |
| Steve Saldivar | Vice President & CFO Key employee | 13 | $90,098 | $210,228 | $54,192 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 13 | $81,735 | $190,715 | $38,292 |
| Richard Schellenberg | Account Executive Highest-paid employee | 13 | $76,538 | $178,589 | $34,617 |
| Rita Walker | Director, Channel Assets Highest-paid employee | 13 | $71,879 | $167,716 | $44,449 |
| Dennis E Dahlen | Chairman Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Marc B Scher | Chair-Elect Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Kiran Betheja | Secretary/Treasurer Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Colleen M Blye | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Maureen A Clancy | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Matthew E Cox | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Carladenise Armbrister Edwards | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Nikki Harper | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Scott Hawig | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| David W Johnson | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Susan K Nelson | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Marcus Whitney | Director Trustee or director | 0.3 | $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 | 13 | $419,809 | $979,554 | $117,678 |
| Richard Gundling | SVP, Healthcare Financial Practices Key employee | 13 | $140,005 | $326,679 | $86,070 |
| William Casey | SVP, Member Experience and Business Development Key employee | 13 | $122,114 | $284,934 | $73,013 |
| Richard Lucas | Director, Channel Assets Highest-paid employee | 13 | $135,305 | $315,712 | $22,252 |
| Mary Mirabelli | SVP, Content Strategy and Delivery Key employee | 13 | $120,487 | $281,137 | $44,726 |
| Vincent Lynn | Enterprise Account Executive Highest-paid employee | 13 | $122,690 | $286,276 | $33,350 |
| Joyce Zimowski | SVP/CFO until 12/6/22 Key employee | 13 | $117,462 | $274,078 | $31,732 |
| Lisa Richards | VP, People and Culture Key employee | 13 | $79,945 | $186,539 | $60,566 |
| Todd Nelson | Director, Partner Relationships Highest-paid employee | 13 | $80,329 | $187,434 | $37,196 |
| Richard Schellenberg | Account Executive Highest-paid employee | 13 | $68,928 | $160,832 | $32,796 |
| Rita Walker | Director, Channel Assets Highest-paid employee | 13 | $65,119 | $151,946 | $41,769 |
| Aaron R Crane | Chairman Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Dennis E Dahlen | Chair-Elect Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| Marc B Scher | Secretary/Treasurer Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Abby Birch | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Colleen M Blye | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Maureen A Clancy | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Matthew E Cox | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Carladenise Armbrister Edwards | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| David W Johnson | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Jeffrey T O'Malley | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Margaret L Schuler | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Marcus Whitney | Director Trustee or director | 0.3 | $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
- Return prepared by
- RSM US LLP
Mission
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.
Program accomplishments
- 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.Expenses $9,203,997 · revenue $10,293,421
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 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2544491
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1965
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E83B)
- Group exemption
- 9431 (1 member organizations)
- Assets (IRS master file)
- $38,250,519
- Income (IRS master file)
- $11,274,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $11,274,438 | $9,359,461 | $38,250,519 | XML |
| 990 | May 2024 | $12,383,751 | $9,972,037 | $35,423,836 | XML |
| 990 | May 2023 | $9,020,301 | $7,659,405 | $32,485,751 | XML |
| 990 | May 2022 | $6,148,217 | $6,431,538 | $29,555,753 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | 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 36-2544491).
Questions about HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION
- What is the EIN of HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION is 36-2544491.
- Is HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION 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 EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION?
- The 990 for the year ended May 31, 2025 names C Ann Jordan.
- Who are the officers and directors of HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 23 people; 11 received compensation from the organization, the highest $212,105 (C Ann Jordan, President & CEO).
- How much revenue does HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $11,274,438, expenses of $9,359,461 and total assets of $38,250,519 at year end.
Organizations in its group exemption (1)
- HEALTHCARE FINANCIAL MANAGEMENT EDUCATIONAL FOUNDATION EIN 36-3920055 · DOWNERS GROVE, IL · last filed 990 for 2025
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
- EHS HOME HEALTH CARE SERVICE INC EIN 36-2913108 · last filed 990 for 2024
- ADVOCATE CHARITABLE FOUNDATION EIN 36-3297360 · last filed 990 for 2024
- TRIPLE COMMUNITY MEDICAL RESERVE CORPS EIN 45-5614365 · last filed 990-N for 2025
- MEDICAL STAFF SERVICES EIN 83-3559834 · last filed 990-N for 2024