2022-04-14T09:11:50-05:00 2021-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2020-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 3 Westbrook Corporate Center No 6 Westchester IL 60154 Joseph Fifer President & CEO 7085319600 2022-04-13 1 Joseph Fifer 999009999 Rebekuh Eley P01247672 3126343400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Joseph Fifer 3 Westbrook Corporate Center No 600 Westchester IL 60154 21177415 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care. 14 13 92 1500 2254870 641746 0 0 17678682 17322382 336028 1346079 3566447 2508954 21581157 21177415 0 0 0 0 15128418 13251733 0 0 0 7704243 6163093 22832661 19414826 -1251504 1762589 18930478 20881092 16888298 16013736 2042180 4867356 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 64 chapters and 11 regions, HFMA's 72,000 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 72,000-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 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 50 0 1 92 1 1 1 0 0 0 0 0 1 0 X 14 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 1 1 1 1 0 X X Steve S Saldivar 7085319600 3 Westbrook Corporate Center No 600 Westchester IL 60154 X Joseph J Fifer President & CEO 27.00 13.00 X X 761662 326427 107837 Michael M Allen Chairman 4.00 0.40 X X 0 0 0 Tammie L Galindez Chair-Elect 3.60 0.40 X X 0 0 0 Aaron Crane National Secretary 3.00 0.30 X X 0 0 0 Dennis E Dahlen National 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 James L Heffernan Director 2.30 0.30 X 0 0 0 Cindy Price Director 2.30 0.30 X 0 0 0 Jeffery T O'Malley Director 2.30 0.30 X 0 0 0 Maureen A Clancy 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 Matthew E Cox Director 2.30 0.30 X 0 0 0 Rick L Gundling SVP Healthcare Financial Practices 27.00 13.00 X 237337 101716 72171 Susan Brenkus SVP People & Culture (Until 12/20) 27.00 13.00 X 221900 95100 30693 Joyce Zimowski SVP/CFO 27.00 13.00 X 214774 92046 21632 Mary Mirabelli SVP Content Strategy and Delivery 27.00 13.00 X 196083 84035 32273 William Casey SVP Business Development 27.00 13.00 X 185367 79443 62679 Garth Jordan SVP Corporate Strategy (Until 08/20) 27.00 13.00 X 216943 92975 68751 Suchita Nagale VP, IT (Until 09/20) 27.00 13.00 X 146457 62768 36159 Richard Lucas Director, Channel Assets 27.00 13.00 X 224933 96400 17393 Vincent Lynn Enterprise Account Executive 27.00 13.00 X 215145 92205 27994 Todd Nelson Director, Partner Relationship 27.00 13.00 X 163366 70014 30726 Charles Alsdurf Director, HFP 27.00 13.00 X 143499 61500 27207 Richard Schellenbeg Account Excecutive 27.00 13.00 X 128492 55068 27203 3055958 1309697 562718 40 0 1 0 The Cicero Group LP 35 N Rio Grande Salt Lake City UT 84101 Consulting Services 385000 Taylor Corporation 625 N Washington St Alexandria VA 22314 Telemarketing Services 383469 CVent Inc 1765 Greensboro Station Place Tysons Corner VA 22102 IT Services 321515 Meridian Technology Solutions 2210 Midwest Road Oak Brook IL 60523 IT Services 297555 CLD Associates Inc 1171 S Prairie Ave Lake Forest IL 60045 Advertising/Sales 282272 17 Membership Dues 611430 9567166 9567166 Publications 511120 2323221 68351 2254870 Benchmarking and Metrics 611430 1902484 1902484 Sponsorships 611710 1882638 1882638 Peer Review 900099 1125325 1125325 521548 252560 268988 17322382 331708 331708 1014371 0 1014371 1014371 1014371 Reimbursement of Shared Services 900099 2077954 2077954 Employee Retention Credit 900099 431000 431000 2508954 21177415 14798524 2254870 4124021 1645832 9936029 255260 784970 629642 35000 76757 17822 1622815 505588 672189 549121 663452 462500 142085 Membership Model 862663 UBI Taxes 218750 Bad Debt Expense 195876 Subscriptions 111715 26760 19414826 1964427 2253351 555924 227191 1688528 1805381 468025 841709 5713006 4571877 1603628 1141129 11283491 13320006 1366455 1292325 18930478 20881092 6915458 4102219 8327955 8604653 1901680 1644885 1405184 16888298 16013736 X 2042180 4867356 2042180 4867356 18930478 20881092 1762589 1062587 0 X 0 1 X 1 0 372501 331759 40742 5340505 4240118 1100387 1141129 Investments Held for Deferred Compensation 1245830 Investment in Subsidiary 46495 1292325 Deferred Compensation Liability 1245830 Deferred Lease Obligation 159354 1405184 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, 2021 and 2020, 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 406073 174031 0 0 355589 152396 58495 25069 16991 7282 837148 358778 337461 144626 Rick L Gundling SVP Healthcare Financial Practices 213470 91487 0 0 23867 10229 33376 14304 17144 7347 287857 123367 21769 9330 Garth Jordan SVP Corporate Strategy (Until 08/20) 164274 70403 0 0 52669 22572 36788 15766 11338 4859 265069 113600 26808 11489 Susan Brenkus SVP People & Culture (Until 12/20) 200347 85863 0 0 21553 9237 9285 3979 12200 5229 243385 104308 18910 8104 Richard Lucas Director, Channel Assets 224464 96199 0 0 469 201 4837 2073 7338 3145 237108 101618 0 0 Vincent Lynn Enterprise Account Executive 215058 92168 0 0 87 37 2698 1156 16898 7242 234741 100603 0 0 Joyce Zimowski SVP/CFO 188898 80956 0 0 25876 11090 9185 3936 5958 2553 229917 98535 0 0 William Casey SVP Business Development 166276 71261 0 0 19091 8182 26864 11513 17011 7291 229242 98247 18227 7812 Mary Mirabelli SVP Content Strategy and Delivery 177066 75885 0 0 19017 8150 7450 3193 15141 6489 218674 93717 0 0 Todd Nelson Director, Partner Relationship 149453 64051 0 0 13913 5963 7268 3115 14240 6103 184874 79232 13430 5756 Suchita Nagale VP, IT (Until 09/20) 143191 61368 0 0 3266 1400 25043 10733 268 115 171768 73616 2877 1233 Charles Alsdurf Director, HFP 143310 61419 0 0 189 81 6885 2951 12160 5211 162544 69662 0 0 Richard Schellenbeg Account Excecutive 127679 54720 0 0 813 348 3220 1380 15822 6781 147534 63229 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 2020: William Casey $26,589 Joseph Fifer $65,901 Rick L. Gundling $33,765 Garth Jordan $38,496 Suchita Nagale $25,645 The following individuals received payouts from their supplemental non-qualified retirement plan in 2020: Susan Brenkus $27,015 William Casey $26,039 Joseph Fifer $197,803 Rick L. Gundling $31,099 Todd Nelson $19,186 Garth Jordan $38,297 Suchita Nagale $4,110 Joyce Zimowski $29,382 (paid for amounts contributed in 2020) Mary Mirabelli $60,641 ($24,007 is related to amounts paid for contributions in 2020) 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 new board members every three years. 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 3 Westbrook Corp Center Suite 600 Westchester IL 60154 362544491 Foster/Increase financial management knowledge through education IL 501(c)(3) Line 10 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 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 1515511 Accrual Healthcare Financial Management Association Educational Foundation L 2077954 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.