2019-04-12T13:38:00-05:00 2018-05-31 420714325 RSM US LLP 1 S Wacker Drive STE 800 Chicago IL 60606 990 2017-06-01 362544491 Healthcare Financial Management Association Educational Foundation HEAL 7085319600 3 Westbrook Corporate Center No 600 Westchester IL 60154 Joseph Fifer President & CEO 7085319600 2019-04-11 1 Zack Fortsch P00052725 3126343400 66.98.98.10 2019-04-11 13:19:21 CD P F6217F2D6ED5C2D75B43E0AF4E216B671259B073 8C7237D2AFEDFB09D88626A2D3FB2BC60A40D8C2 2017 2019-02-21 02:37:17Z Joseph Fifer 3 Westbrook Corporate Center No 600 Westchester IL 60154 14465680 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 12 0 0 0 0 10725335 9620268 573144 1195047 1232746 1408532 12531225 12223847 0 0 0 0 0 0 0 0 0 13748605 9401627 13748605 9401627 -1217380 2822220 25913544 28808541 8579738 8538778 17333806 20269763 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 4419292 7809751 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. Annual attendance generally exceeds 3,000 participants. 29457 1810517 HFMA's professional *certifications and eLearning (certificate programs) educational programs validate unique and specific financial management competencies of healthcare financial, professional staff and managers, and shows that individuals demonstrate applicable learning objectives, and competencies, thereby supporting the career advancement of individuals. Example career development programs: CHFP program, Certified Specialist programs, Business of Health Care, CRCR, Patient Access Essentials, etc. 4448749 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 0 1 0 1 34 0 1 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 1 1 1 1 0 0 0 IL X X Steve S Saldivar 7085319600 3 Westbrook Corp Ctr 600 WestChester IL 601545700 Joseph Fifer President & CEO 13.00 27.00 X X 291614 386558 106777 Carol A Friesen Chairman 0.70 6.70 X X 0 0 0 Kevin F Brennan Chairman - Elect 0.70 5.80 X X 0 0 0 Michael M Allen Treasurer/Secretary 0.60 5.00 X X 0 0 0 Dorothy A Coleman Director 0.30 2.30 X 0 0 0 Aaron Crane Director 0.30 2.30 X 0 0 0 Paula Reichle Director 0.30 2.30 X 0 0 0 Penny D Cermak Director 0.30 2.30 X 0 0 0 Edward G Chadwick Director 0.30 2.30 X 0 0 0 Tammie L Galindez Director 0.30 2.30 X 0 0 0 Dennis E Dahlen Director 0.30 2.30 X 0 0 0 Marc B Scher Director 0.30 2.30 X 0 0 0 T Carley Williams Director 0.30 2.30 X 0 0 0 Joyce Zimowski SVP/CFO 13.00 27.00 X 87898 116517 24314 Rick L Gundling SVP Healthcare Financial Practices 13.00 27.00 X 154014 204159 70654 Susan Brenkus Senior VP People & Culture 13.00 27.00 X 120046 159130 68092 Todd Nelson VP Education, Org Solutions 13.00 27.00 X 94805 125671 57044 William Casey VP Business Development 13.00 27.00 X 93053 123349 64202 Daniel Verdon VP Publications & Digital Content 13.70 26.30 X 71066 94204 49988 Garth Jordan Senior VP Corp Strategy 13.00 27.00 X 145025 192242 74755 Gregory D Baiocchi Vice President IT (thru 8/15/17) 13.00 27.00 X 131535 174362 55243 Richard Lucas Director Channel Assets 13.00 27.00 X 93400 123809 22525 Charles Alsdurf Director Healthcare Fin. Policy Op. Initiatives 13.00 27.00 X 87656 116195 32472 Lorraine Schnelle VP Learning&Professional Development 13.00 27.00 X 84852 112478 51949 Edwin P Czopek Former CFO 13.00 27.00 X 237257 314503 70969 1692221 2243177 748984 0 1 1 0 Centerplate 9800 International Drive Orlando FL 32819 Event Services 447356 Hyatt Hotels of Florida Inc 9801 International Drive Orlando FL 32819 Hospitality Services 420241 Corcoran Expositions Inc 200 West Adams Street Suite 1000 Chicago IL 60606 Exhibit Services 271112 Production Resource Group LLC PO Box 5115 New York NY 10087 Event Services 206407 Audio Visual Projection Services Inc 405 West Guadalupe Road Temple AZ 85283 Event Services 200476 9 ANI Exhibits & Fees 611710 5048941 5048941 Sponsorships 900099 2760810 2760810 Certification 611710 1120117 1120117 Education 611710 583926 583926 Training 611710 106474 106474 9620268 436880 436880 1392496 1392496 3000000 2241833 758167 758167 758167 16036 16036 16036 12223847 9620268 0 2603579 X 19935 19935 21853 21853 28812 28812 2093938 2093938 376994 376994 240666 240666 362507 362507 Management Fee 4718649 694549 4024100 Commissions 417465 417465 Equipment-Audio Visual 335329 335329 Speaker Honoraria 265850 265850 519629 264624 255005 9401627 4448749 4952878 0 3591886 602019 4108651 1914328 1378847 1274755 793925 1212312 15027520 16325221 1012715 7479906 25913544 28808541 372666 337391 8207072 8201387 8579738 8538778 X 17333806 20269763 17333806 20269763 25913544 28808541 2822220 113737 0 X 0 1 X 1 0 X 10436272 10906063 10269472 10725335 9620268 51957410 10436272 10906063 10269472 10725335 9620268 51957410 0 0 0 51957410 429159 315271 1788643 1525300 1829376 5887749 429159 315271 1788643 1525300 1829376 5887749 16036 16036 10865431 11221334 12058115 12250635 11465680 57861195 0.89800 0.92110 0.10180 0.07890 X 0 Chapter - Restricted Funds 72441 Due from Affiliates 7407465 7479906 X 12308772 113737 113737 12195035 28812 28812 12223847 9372815 0 9372815 28812 28812 9401627 Part X, Line 2: The Foundation 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 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, 2018 and 2017. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. With few exceptions, the Foundation is no longer subject to examination by the Internal Revenue Service for fiscal years ended before May 31, 2015. 1 1 0 0 0 0 0 0 0 Joseph Fifer President & CEO 224086 297044 42420 56231 25108 33283 31116 41246 14798 19617 337528 447421 13503 17899 Joyce Zimowski SVP/CFO 86318 114422 0 0 1580 2095 7167 9500 3288 4359 98353 130376 0 0 Rick L Gundling SVP Healthcare Financial Practices 122808 162792 15521 20575 15685 20792 18361 24339 12020 15934 184395 244432 4811 6378 Susan Brenkus Senior VP People & Culture 98064 129991 12672 16798 9310 12341 17515 23217 11765 15595 149326 197942 6511 8630 Todd Nelson VP Education, Org Solutions 83356 110495 10802 14319 647 857 14676 19454 9853 13061 119334 158186 0 0 William Casey VP Business Development 81709 108312 10552 13987 792 1050 14584 19332 13023 17263 120660 159944 0 0 Daniel Verdon VP Publications & Digital Content 62113 82336 8086 10719 867 1149 11176 14815 10319 13678 92561 122697 0 0 Garth Jordan Senior VP Corp Strategy 128891 170856 14911 19765 1223 1621 17580 23303 14565 19307 177170 234852 0 0 Gregory D Baiocchi Vice President IT (thru 8/15/17) 59288 78592 14365 19042 57882 76728 13296 17625 10458 13864 155289 205851 23387 31002 Richard Lucas Director Channel Assets 93214 123562 0 0 186 247 4355 5773 5331 7066 103086 136648 0 0 Charles Alsdurf Director Healthcare Fin. Policy Op. 79510 105397 7968 10562 178 236 5680 7529 8283 10980 101619 134704 0 0 Lorraine Schnelle VP Learning&Professional Development 76294 101134 7683 10184 875 1160 8646 11461 13692 18150 107190 142089 0 0 Edwin P Czopek Former CFO 77322 102497 19409 25728 140526 186278 17527 23233 12990 17219 267774 354955 48837 64737 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 -Written employment contract -Compensation survey or study -Approval by the board or compensation committee Part I, Lines 4a-b Line 4a: Gregory D. Baiocchi and Edwin P. Czopek have received severance payments that have been properly reported on Schedule J, Part II. Line 4b: The following individuals received contributions from their supplemental non-qualified retirement plan in 2017 from the related organization, Healthcare Financial Management Association: Gregory D. Baiocchi - $20,665 Susan Brenkus - $23,960 William Casey - $19,950 Edwin P. Czopek - $25,889 Joseph Fifer - $53,462 Rick L. Gundling - $23,800 Todd Nelson - $19,919 Daniel Verdon - $15,289 Garth Jordan - $27,500 Joyce Zimowski - $16,667 Lorraine Schnelle - $6,833 The following individuals participate in, or received a payment from, their supplemental non-qualified retirement plan in 2017 from the related organization, Healthcare Financial Management Association: Gregory D. Baiocchi - $54,389 Susan Brenkus - $15,141 Edwin P. Czopek - $113,574 Joseph Fifer - $31,402 Rick L. Gundling - $11,189 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 annual review and affirmation of the organization's Conflict of Interest policy and related guidelines. 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 IX, line 11g Contractual Services: Program service expenses 744,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 744,402. Meal Functions: Program service expenses 1,349,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,349,536. Healthcare Financial Management Association Three Westbrook Corporate Ctr 600 Westchester IL 60154 362318336 Professional Membershop Organization IL 501(c)(6) 0 HFMA Learning Solutions Inc 3 Westbrook Corporate Center Westchester IL 60154 364239827 Education Media IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 Healthcare Financial Management Association M 4718649 Accrual Healthcare Financial Management Association R 3800000 Accrual