2023-04-13T14:24:42-05:00 2022-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2021-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 Joseph Fifer President & CEO 7085319600 2023-04-10 1 Joseph Fifer 999009999 Rebekuh Eley P01247672 3126343400 2023-04-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X Joseph Fifer 2001 Butterfield Rd 1500 Downers Grove IL 60515 26004256 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care. 13 12 87 2154 2612509 571807 0 1901680 17322382 19188187 1346079 372546 2508954 4541843 21177415 26004256 0 0 0 0 13251733 14246957 0 0 0 6163093 7516274 19414826 21763231 1762589 4241025 20881092 21103876 16013736 13038348 4867356 8065528 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 89,000 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 89,000-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 1 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 54 0 1 87 1 1 1 0 0 0 0 0 1 0 X 13 12 0 0 1 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 27.00 13.00 X X 643891 275953 102567 Tammie L Jackson Chairman 4.00 0.40 X X 0 0 0 Aaron R Crane Chair-Elect 3.60 0.40 X X 0 0 0 Dennis E Dahlen Secretary/Treasurer 3.00 0.30 X 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 James L Heffernan Director 2.30 0.30 X 0 0 0 Jeffrey T O'Malley Director 2.30 0.30 X 0 0 0 Cindy Price Director 2.30 0.30 X 0 0 0 Margaret L Schuler Director 2.30 0.30 X 0 0 0 Mimi Taylor Director 2.30 0.30 X 0 0 0 Joyce Zimowski SVP/CFO 27.00 13.00 X 246178 105504 30479 Richard Gundling SVP, Healthcare Financial Practices 27.00 13.00 X 277257 118824 77375 William Casey SVP, Business Development 27.00 13.00 X 222868 95516 70499 Mary Mirabelli SVP, Content Strategy and Delivery 27.00 13.00 X 215819 92494 41615 Lisa Richards VP, People and Culture 27.00 13.00 X 156739 67174 54797 Todd Nelson Director, Partner Relationships 27.00 13.00 X 164241 70389 36300 Vincent Lynn Enterprise Account Executive 27.00 13.00 X 244570 104815 31382 Charles Alsdurf Director, HFP 27.00 13.00 X 153257 65682 34105 Richard Lucas Director, Channel Assets 27.00 13.00 X 270669 116001 21040 Rita Walker Director, Channel Assets 27.00 13.00 X 152362 65298 38944 2747851 1177650 539103 36 0 1 0 CLD Associates Inc 1171 S Prairie Ave Lake Forest IL 60045 Advertising/Sales 476720 Meridian Technology Solutions 2210 Midwest Road Oak Brook IL 60523 IT Services 408310 Powercast Media LLC 5527 N Camino Real Tucson AZ 85718 Advertising/Sales 364967 AdCellerant LLC 900 Bannock St Denver CO 80204 Digital Marketing Services 335160 CVent Inc 1765 Greensboro Station Place Tysons Corner VA 22102 IT Services 261290 19 1901680 1901680 Membership Dues 611430 11052564 11052564 Publications 511120 2644507 31998 2612509 Sponsorships 611710 2069873 2069873 Benchmarking and Metrics 611430 1726125 1726125 Peer Review 900099 1084208 1084208 610910 259338 351572 19188187 234551 234551 137995 0 137995 137995 137995 Reimbursement of Shared Services 900099 4025000 4025000 Employee Retention Credit 900099 516843 516843 4541843 26004256 16224106 2612509 5265961 1965404 10344278 516503 782577 638195 101145 84535 19091 2018336 466202 885778 667347 490816 280965 730004 129095 Membership Model 733118 Equipment 509681 UBI Taxes 180000 Subscriptions 135315 84846 21763231 2253351 1569977 227191 236586 1805381 1786794 841709 1613002 6641608 5090526 1141129 1551082 13320006 12894417 1292325 1452018 20881092 21103876 4102219 2984454 8604653 8817565 1901680 0 1405184 1236329 16013736 13038348 X 4867356 8065528 4867356 8065528 20881092 21103876 4241025 -1042853 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 372501 366681 5820 5129151 4723845 405306 1139956 1139956 1551082 Investments Held for Deferred Compensation 1200564 Due from Affiliates 251454 1452018 Deferred Compensation Liability 1200564 Deferred Lease Obligation 35765 1236329 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, 2022 and 2021, 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 479924 205682 42094 18040 121873 52231 53421 22895 18376 7875 715688 306723 40339 17288 Richard Gundling SVP, Healthcare Financial Practices 236587 101394 11128 4769 29542 12661 35482 15207 18680 8006 331419 142037 25516 10935 Richard Lucas Director, Channel Assets 270186 115794 0 0 483 207 7593 3254 7135 3058 285397 122313 0 0 William Casey SVP, Business Development 194772 83474 8763 3756 19333 8286 30923 13253 18426 7897 272217 116666 17536 7516 Joyce Zimowski SVP/CFO 212450 91050 9684 4150 24044 10304 14210 6090 7125 3054 267513 114648 18511 7933 Vincent Lynn Enterprise Account Executive 244478 104776 0 0 92 39 4194 1797 17774 7617 266538 114229 0 0 Mary Mirabelli SVP, Content Strategy and Delivery 190134 81486 7912 3391 17773 7617 13765 5899 15366 6585 244950 104978 15125 6482 Lisa Richards VP, People and Culture 150322 64424 6086 2608 331 142 25175 10789 13183 5650 195097 83613 0 0 Todd Nelson Director, Partner Relationships 157943 67690 5815 2492 483 207 11377 4876 14033 6014 189651 81279 0 0 Rita Walker Director, Channel Assets 152186 65222 0 0 176 76 6349 2721 20912 8962 179623 76981 0 0 Charles Alsdurf Director, HFP 147559 63240 5509 2361 189 81 10778 4619 13096 5612 177131 75913 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 2021: William Casey $23,930 Joseph Fifer $56,016 Rick L. Gundling $30,389 Lisa Richards $20,000 The following individuals received payouts from their supplemental non-qualified retirement plan in 2021: Susan Brenkus $1,175 William Casey $25,052 Joseph Fifer $57,627 Rick L. Gundling $36,451 Joyce Zimowski $26,444 Mary Mirabelli $21,607 Form 990, Part VI, Section A, line 4 Changes made to the bylaws are: the Advanced membership category was eliminated, the Application Fees and Dues Article was eliminated, Meeting of Members was updated, changed the definition of a quorum for voting purposes, changed the size of the board, eliminate annual meeting of the board language, and dissolution language updated to allow for transfer of assets to another Association. 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 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 Healthcare Financial Management Association Educational Foundation S 3250000 Accrual Healthcare Financial Management Association Educational Foundation L 4025000 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.