2021-04-13T12:40:33-05:00 2020-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2019-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 3 Westbrook Corporate Center No 6 Westchester IL 60154 Joseph Fifer President & CEO 7085319600 2021-04-08 1 Rebekuh Eley P01247672 3126343400 2021-04-07 2019 2022-09-23 18:48:47Z Joseph Fifer 3 Westbrook Corporate Center No 600 Westchester IL 60154 25664658 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care. 13 12 106 1800 2167551 184946 0 0 13714392 17678682 930813 336028 5313772 3566447 19958977 21581157 0 0 0 0 15303291 15128418 0 0 0 9873952 7704243 25177243 22832661 -5218266 -1251504 22253848 18930478 19350672 16888298 2903176 2042180 X Leading the financial management of health care 1 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 58,000 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 newsletters that are shared not only with the 58,000-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. 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. 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 66 0 1 106 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 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 504382 215034 110402 Garth Jordan SVP Corporate Strategy 27.00 13.00 X 273052 116410 83865 Susan Brenkus Senior VP People & Culture 27.00 13.00 X 270959 115518 65859 Rick L Gundling SVP Healthcare Financial Practices 27.00 13.00 X 249140 106217 79097 Joyce Zimowski SVP/CFO 27.00 13.00 X 224030 95511 29275 William Casey SVP Business Development 27.00 13.00 X 193842 82640 70531 Richard Lucas Director, Channel Assets 27.00 13.00 X 196292 83685 22399 Mary Mirabelli SVP Content Strategy and Delivery 27.00 13.00 X 162902 69450 61182 Suchita Nagale VP, IT 27.00 13.00 X 175495 74819 41228 Todd Nelson Director, Partner Relationships 27.00 13.00 X 171974 73318 38126 Vincent Lynn Enterprise Account Executive 27.00 13.00 X 168419 71802 31509 Lorraine Schnelle Director, Product Development 27.00 13.00 X 149127 63577 33550 Charles Alsdurf Director, HFP 27.00 13.00 X 147134 62728 33645 Michael M Allen Chairman 6.30 0.70 X X 0 0 0 Tammie L Galindez Chairman-Elect 5.50 0.70 X X 0 0 0 Aaron Crane Treasurer/Secretary 4.70 0.60 X X 0 0 0 Abby Birch Director 2.30 0.30 X 0 0 0 Dennis E Dahlen 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 Marc B Scher 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 T Carley Williams Director 2.30 0.30 X 0 0 0 2886748 1230709 700668 44 0 1 0 ICF Resources LLC PO Box 536259 Pittsburgh PA 15253 Consulting Services 2034817 CLD Associates Inc 1171 S Prairie Ave Lake Forest IL 60045 Advertising/Sales 335443 CVent Inc 1765 Greensboro Station Place Tysons Corner VA 22102 IT Services 311980 Quad Graphics Printing III Co PO Box 644840 Pittsburgh PA 15264 Printing Services 303239 Meridian Technology Solutions 2210 Midwest Road Oak Brook IL 60523 IT Services 301769 18 Membership Dues 611430 9878412 9878412 Publications 511120 2213572 46021 2167551 Benchmarking and Metrics 611430 1915291 1915291 Sponsorships 611710 1352281 1352281 Peer Review 900099 1349602 1349602 969524 557795 411729 17678682 437477 437477 3982052 4083501 -101449 -101449 -101449 Reimbursement of Shared Services 900099 3489697 3489697 UBI Tax Refund 900099 76750 76750 3566447 21581157 15099402 2167551 4314204 2334349 10856001 350371 857669 730028 160067 58074 19908 1628864 820346 964094 930279 674587 792347 149974 466998 131604 Membership Model 570929 Subscriptions 158419 Bad Debt Expense 126021 51732 22832661 2942954 1964427 554932 555924 1280573 1688528 548178 468025 5713006 4109378 2016182 1603628 13559570 11283491 1351459 1366455 22253848 18930478 9035513 6915458 8583298 8327955 1731861 1644885 19350672 16888298 X 2903176 2042180 2903176 2042180 22253848 18930478 -1251504 390508 0 X 0 1 X 1 0 372501 296837 75664 5340505 3812541 1527964 1603628 Investments Held for Deferred Compensation 1366455 1366455 Deferred Compensation Liability 1366455 Deferred Lease Obligation 278430 1644885 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, 2020 and 2019, 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 448215 191088 0 0 56167 23946 58818 25076 18585 7923 581785 248033 39046 16647 Garth Jordan SVP Corporate Strategy 258915 110383 0 0 14137 6027 40100 17096 18698 7971 331850 141477 12996 5540 Susan Brenkus Senior VP People & Culture 189065 80604 0 0 81894 34914 32968 14055 13206 5630 317133 135203 79073 33711 Rick L Gundling SVP Healthcare Financial Practices 224815 95846 0 0 24325 10371 36853 15711 18602 7931 304595 129859 20615 8789 Joyce Zimowski SVP/CFO 200977 85683 0 0 23053 9828 13859 5908 6666 2842 244555 104261 0 0 William Casey SVP Business Development 175686 74900 0 0 18156 7740 31060 13242 18389 7840 243291 103722 17234 7348 Richard Lucas Director, Channel Assets 195811 83480 0 0 481 205 7377 3145 8327 3550 211996 90380 0 0 Mary Mirabelli SVP Content Strategy and Delivery 160540 68443 0 0 2362 1007 26156 11151 16739 7136 205797 87737 0 0 Suchita Nagale VP, IT 174937 74581 0 0 558 238 28305 12067 600 256 204400 87142 0 0 Todd Nelson Director, Partner Relationships 171490 73112 0 0 484 206 11085 4726 15645 6670 198704 84714 18339 7819 Vincent Lynn Enterprise Account Executive 168331 71765 0 0 88 37 4063 1732 18028 7686 190510 81220 0 0 Lorraine Schnelle Director, Product Development 148298 63224 0 0 829 353 10939 4664 12583 5364 172649 73605 0 0 Charles Alsdurf Director, HFP 146945 62647 0 0 189 81 10502 4477 13087 5579 170723 72784 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 Line 4b: The following individuals received contributions to their supplemental non-qualified retirement plan in 2019: Susan Brenkus - $27,489 William Casey - $25,889 Joseph Fifer - $64,294 Rick L. Gundling - $32,964 Garth Jordan - $37,596 Mary Mirabelli - $23,408 Suchita Nagale - $23,146 The following individuals received payouts from their supplemental non-qualified retirement plan in 2019: Susan Brenkus - $112,784 William Casey - $24,582 Joseph Fifer - $55,693 Rick L. Gundling - $29,404 Todd Nelson - $26,158 Garth Jordan - $18,536 Joyce Zimowski - $28,682 (paid for amounts contributed in 2019) Form 990, Part III, line 2 During the fiscal year, HFMA Educational Foundation transferred its Certifications, Education, and Peer Review programs to Healthcare Financial Management Association. 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 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 3756824 Accrual Healthcare Financial Management Association Educational Foundation L 3489697 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.