2019-04-12T13:38:28-05:00 2018-05-31 420714325 RSM US LLP One South Wacker Dr Ste 800 Chicago IL 606063392 990 2017-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 3 Westbrook Corporate Center No 600 Westchester IL 60154 Joseph Fifer President & CEO 7085319600 2019-04-12 1 Zack Fortsch P00052725 3126343400 66.98.98.10 2019-04-12 13:20:27 CD P 999F6C87408E00F59009FBF12446D70A71867BDA 8C7237D2AFEDFB09D88626A2D3FB2BC60A40D8C2 2017 2019-02-21 02:37:17Z Joseph Fifer 3 Westbrook Corporate Center No 600 Westchester IL 60154 25017412 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care 13 12 119 1800 3244987 336052 0 0 16647257 14617501 647470 1851940 8113563 4911829 25408290 21381270 0 0 0 0 15583584 14855832 0 0 0 9648743 8774269 25232327 23630101 175963 -2248831 25543495 24870416 12715601 16105777 12827894 8764639 X Leading the financial management of health care 0 0 0 7376444 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 68 chapters and 11 regions, HFMA's 38,000 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. 3552750 HFMA publishes monthly magazines and newsletters that are shared not only with the 38,000-member base but with other industry professionals, circulation for some periodicals reaching 75,000. 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. Newsletter circulation reaches over 3,600 individuals. 2811729 HFMA offers a benchmarking tool to help hospitals, health systems, and physician practices improve performance throughout the revenue cycle. Data from more than 600 facilities helps compare metrics to peer groups and align goals with the industry's best practices. Additional opportunities for peer comparisons are offered via financial specialty forums (eg, CFO, Revenue Cycle, Legal & Regulatory) which provide periodic information pertinent within that specialty. Over 7,800 members participate in these forums. 876578 Sponsorship 876578 0 0 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 76 0 1 119 1 1 1 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X Steve S Saldivar 7085319600 3 Westbrook Corporate Ctr Suite 600 Westchester IL 601545700 Joseph J Fifer President & CEO 26.80 13.20 X X 386558 291614 106777 Carol A Friesen Chairman 6.30 1.10 X X 0 0 0 Kevin F Brennan Chairman-Elect 5.50 1.00 X X 0 0 0 Michael M Allen Treasurer/Secretary 4.70 0.80 X X 0 0 0 Dorothy A Coleman Director 2.30 0.30 X 0 0 0 Aaron Crane Director 2.30 0.30 X 0 0 0 Paula Reichle Director 2.30 0.30 X 0 0 0 Penny D Cermak Director 2.30 0.30 X 0 0 0 Edward G Chadwick Director 2.30 0.30 X 0 0 0 Tammie L Galindez Director 2.30 0.30 X 0 0 0 Dennis E Dahlen Director 2.30 0.30 X 0 0 0 Marc B Scher Director 2.30 0.30 X 0 0 0 T Carley Williams Director 2.30 0.30 X 0 0 0 Joyce Zimowski SVP/CFO 26.80 13.20 X 116517 87898 24314 Susan Brenkus Senior VP People & Culture 26.80 13.20 X 159130 120046 68092 Rick L Gundling SVP Healthcare Financial Practices 26.80 13.20 X 204159 154014 70654 Garth Jordan Senior VP Corp Strategy 26.80 13.20 X 192242 145025 74755 Daniel Verdon VP Publications & Digital Content 25.70 14.30 X 94204 71066 49988 Todd Nelson VP Education, Org Solutions 26.80 13.20 X 125671 94805 57044 William Casey VP Business Development 26.80 13.20 X 123349 93053 64202 Gregory D Baiocchi Vice President IT (thru 8/15/17) 26.80 13.20 X 174362 131535 55243 Richard Lucas Director Channel Assets 26.80 13.20 X 123809 93400 22525 Charles Alsdurf Dir. Healthcare Fin. Policy Op. Initiatives 26.80 13.20 X 116195 87656 32472 Lorraine Schnelle VP Learning-Professional Development 26.80 13.20 X 112478 84852 51949 Edwin P Czopek Former CFO 0.00 X 314503 237257 70969 2243177 1692221 748984 36 1 1 0 Navigant 4511 Paysphere Circle Chicago IL 60674 Consulting Services 580000 Fonteva Inc 4420 N Fairfox Drive Arlington VA 22203 Computer Services 461553 Cvent Inc 1765 Greensboro Station Place Tysons Corner VA 22102 Computer Services 348000 Powercast Media LLC 5527 N Camino Real Tucson AZ 85718 Advertising/Sales 347804 Arizona Grand Resort LLC PO Box 846614 Los Angeles CA 90084 Hospitality Services 342901 17 Membership Dues 611430 7376444 7376444 Publications 511120 3552750 307763 3244987 Benchmarking and Metrics 611430 2123465 2123465 Sponsorships 611710 876578 876578 688264 688264 14617501 487802 487802 5000280 3636142 1364138 1364138 1364138 Reimbursement of Shared Services 900099 4718649 4718649 UBI Tax Refund 900099 50357 50357 142823 142823 4911829 21381270 11372514 3244987 6763769 1576192 10540017 827996 1183497 728130 147193 80466 32260 1274130 685163 1023553 672130 1258239 126545 326244 158645 Membership Model 1426632 Administrative 530350 Equipment-Audio/Visual 527007 Commissions 456103 49609 23630101 2766486 1466693 971540 5987192 1678322 979943 391197 421279 4722010 3330783 1626267 1391227 16881422 13316162 1228261 1307920 25543495 24870416 3603225 7879483 7351083 6453105 1761293 1773189 12715601 16105777 X 12827894 8764639 12827894 8764639 25543495 24870416 X -2248831 -400002 -1414422 X 0 1 X 1 0 372501 226993 145508 4349509 3103790 1245719 1391227 Investments Held for Deferred Compensation 1307920 1307920 Deferred Compensation Liability 1307920 Deferred Lease Obligation 465269 1773189 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 taxexempt 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, 2018 and 2017, the Association has no liability for unrecognized tax benefits. HFMA files Form 990 in the U.S. federal jurisdiction. With few exceptions, HFMA is no longer subject to examination by the Internal Revenue Service for fiscal years ended before May 31, 2015. X X X X 1 1 X X X X X 1 1 0 Joseph J Fifer President & CEO 297044 224086 56231 42420 33283 25108 41246 31116 19617 14798 447421 337528 17899 13503 Joyce Zimowski SVP/CFO 114422 86318 0 0 2095 1580 9500 7167 4359 3288 130376 98353 0 0 Susan Brenkus Senior VP People & Culture 129991 98064 16798 12672 12341 9310 23217 17515 15595 11765 197942 149326 8630 6511 Rick L Gundling SVP Healthcare Financial Practices 162792 122808 20575 15521 20792 15685 24339 18361 15934 12020 244432 184395 6378 4811 Garth Jordan Senior VP Corp Strategy 170856 128891 19765 14911 1621 1223 23303 17580 19307 14565 234852 177170 0 0 Daniel Verdon VP Publications & Digital Content 82336 62113 10719 8086 1149 867 14815 11176 13678 10319 122697 92561 0 0 Todd Nelson VP Education, Org Solutions 110495 83356 14319 10802 857 647 19454 14676 13061 9853 158186 119334 0 0 William Casey VP Business Development 108312 81709 13987 10552 1050 792 19332 14584 17263 13023 159944 120660 0 0 Gregory D Baiocchi Vice President IT (thru 8/15/17) 78592 59288 19042 14365 76728 57882 17625 13296 13864 10458 205851 155289 31002 23387 Richard Lucas Director Channel Assets 123562 93214 0 0 247 186 5773 4355 7066 5331 136648 103086 0 0 Charles Alsdurf Dir. Healthcare Fin. Policy Op. Init 105397 79510 10562 7968 236 178 7529 5680 10980 8283 134704 101619 0 0 Lorraine Schnelle VP Learning-Professional Development 101134 76294 10184 7683 1160 875 11461 8646 18150 13692 142089 107190 0 0 Edwin P Czopek Former CFO 102497 77322 25728 19409 186278 140526 23233 17527 17219 12990 354955 267774 64737 48837 Part I, Line 1a HFMA has formal business policies and expense guidelines which govern travel, entertainment and business related expenditures. Expenditures are monitored against the formal policies. Total estimated cost for all employees is at $10,000. 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 to their supplemental non-qualified retirement plan: 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 participated in, or received payment from, their supplemental non-qualified retirement plan: 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 A, line 6 The organization has four classes of members: Regular member, Advanced member, National Life member, and a Student member. Each Regular member, Advanced 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 annual review and affirmation of the organization's Conflict of Interest policy and related guideline. 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 committe; use and reference of compensation data for comparison of similiar 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 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 inquries upon request. The organization also makes its Constitution, Bylaws, Code of Ethics and Mission statements available on its official website. Form 990, Part XI, line 9: Membership model and website redesign -1,426,632. Adjustment for Contractual Services to HFMEF 12,210. Healthcare Financial Management Association Educational Foundation 3 Westbrook Corp Center Suite 600 Westchester IL 60154 362544491 Foster/Increase financial management knowledge through education IL 501(c)(3) Line 12a, I Healthcare Financial Management Association 1 HFMA Learning Solutions Inc 3 Westbrook Corporate Center Suite Westchester IL 60154 364239827 Education media IL Healthcare Financial Management Association C 159804 236033 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 Healthcare Financial Management Association Educational Foundation M 4718649 Accrual Healthcare Financial Management Association Educational Foundation S 3800000 Accrual