2026-04-07T09:27:29-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-07-01 363133254 HEALTH & FITNESS ASSOCIATION HEAL 6179510055 70 FARGO STREET 7TH FLOOR BOSTON MA 02210 LIZ CLARK PRESIDENT/CEO 6179510055 2026-03-25 1 1 DANIELLE NIHILL P01350943 7819821001 2026-03-25 2024 2025-03-06 01:10:19Z HFA LIZ CLARK 70 FARGO STREET 7TH FLOOR BOSTON MA 02210 11464635 0 X WWW.HEALTHANDFITNESS.ORG X 1981 IL TO GROW, PROTECT, & PROMOTE THE INDUSTRY & PROVIDE MEMBERS WITH BENEFITS TO HELP LEAD TO SUCCESS. 18 18 24 40 747903 23321 77873 100867 10773852 11141377 81899 222391 0 0 10933624 11464635 500 0 0 0 2799068 3223249 0 0 0 4634321 6549528 7433889 9772777 3499735 1691858 7995518 10408206 5444687 6149035 2550831 4259171 X THE MISSION OF HFA IS TO PROTECT, PROMOTE AND GROW THE HEALTH AND FITNESS INDUSTRY. WE SUPPORT ACTIVE, HEALTHY LIVING BY ADVOCATING FOR HEALTH AND FITNESS BUSINESSES, DELIVERING INDUSTRY RESEARCH, AND PROVIDING EDUCATION THAT DRIVES PROFESSIONAL GROWTH. 0 0 ADVOCACY AND PUBLIC POLICY ENGAGEMENT: THE HEALTH & FITNESS ASSOCIATION (HFA) PROVIDES NONPARTISAN ADVOCACY AND PUBLIC POLICY ENGAGEMENT ON BEHALF OF THE HEALTH AND FITNESS INDUSTRY AT THE FEDERAL AND STATE LEVELS. THIS WORK IS FOCUSED ON EDUCATION, POLICY ANALYSIS, AND INDUSTRY REPRESENTATION, AND IS DESIGNED TO INFORM POLICYMAKERS, REGULATORS, AND STAKEHOLDERS ABOUT THE INDUSTRY'S ECONOMIC, OPERATIONAL, AND PUBLIC-HEALTH CONTRIBUTIONS. HFA MONITORS LEGISLATIVE AND REGULATORY DEVELOPMENTS AFFECTING HEALTH AND FITNESS BUSINESSES; CONDUCTS RESEARCH AND ANALYSIS TO ASSESS POTENTIAL IMPACTS; AND SHARES OBJECTIVE, EVIDENCE-BASED INFORMATION WITH POLICYMAKERS AND THE PUBLIC. AT THE FEDERAL LEVEL, HFA ENGAGES WITH AGENCIES AND CONGRESSIONAL OFFICES TO PROVIDE INDUSTRY DATA AND TECHNICAL EXPERTISE. AT THE STATE LEVEL, HFA TRACKS POLICY ACTIVITY NATIONWIDE AND SUPPORTS INFORMED DIALOGUE WITH STATE OFFICIALS. HFA ALSO DELIVERS EDUCATIONAL BRIEFINGS, WEBINARS, MEETINGS, AND WRITTEN RESOURCES TO HELP INDUSTRY STAKEHOLDERS UNDERSTAND POLICY DEVELOPMENTS AND REGULATORY REQUIREMENTS. MEETINGS: CONDUCTS SEVERAL IN PERSON AND VIRTUAL EDUCATIONAL EVENTS, WEBINARS, AND MEETINGS, DESIGNED TO MOTIVATE AND EDUCATE CLUB OWNERS, MANAGERS, AND STAFF TO IMPROVE CLUB MANAGEMENT AND OPERATIONS. IN FY25, OVER 10,000 INDIVIDUALS ATTENDED HFA EVENTS, INCLUDING TWO IN-PERSON CONFERENCES, ONE OF WHICH INCLUDED A TRADE SHOW. MEMBERSHIP: THE HEALTH AND FITNESS ASSOCIATION REPRESENTS OVER 100,000 HEALTH CLUBS, GYMS, AND STUDIOS ACROSS THE GLOBE. MORE THAN 15,600 CLUBS ARE INVOLVED IN LEADERSHIP ENGAGEMENT THROUGH HFA. HFA HAS OVER 6,700 MEMBERS IN 36 COUNTRIES. THE ORGANIZATION PROVIDES LEGAL, LEGISLATIVE, PUBLIC RELATIONS, NETWORKING, AND MARKETING ACTIVITIES DURING THE CURRENT FISCAL YEAR. RESEARCH: CONDUCTS ORIGINAL, DATA-DRIVEN RESEARCH TO ADVANCE PUBLIC UNDERSTANDING OF THE HEALTH AND FITNESS INDUSTRY AND TO SUPPORT EVIDENCE-BASED POLICYMAKING, ADVOCACY, AND PROFESSIONAL DECISION-MAKING. DURING THE FISCAL YEAR ENDING JUNE 30, 2025, HFA PRODUCED AND DISSEMINATED A COMPREHENSIVE PORTFOLIO OF MORE THAN 10 INDUSTRY RESEARCH REPORTS, INCLUDING CONSUMER SURVEYS, ECONOMIC ANALYSES, AND DATA BRIEFINGS DESIGNED TO QUANTIFY THE INDUSTRY'S ECONOMIC, SOCIAL, AND PUBLIC-HEALTH IMPACT. THESE RESEARCH INITIATIVES ANALYZED DATA FROM TENS OF THOUSANDS OF SURVEY RESPONDENTS ACROSS MULTIPLE COUNTRIES. RESEARCH FINDINGS INFORMED DOZENS OF MEDIA ARTICLES, TRADE PUBLICATIONS, AND POLICY DISCUSSIONS, EXTENDING REACH TO POLICYMAKERS, BUSINESSES, AND THE GENERAL PUBLIC. HFA RESEARCH REPORTS, SUMMARIES, AND DATA VISUALIZATIONS WERE ACCESSED OR DOWNLOADED THOUSANDS OF TIMES ACROSS HFA PLATFORMS (ESTIMATED). LONG-TERM, HFA WILL CONTINUE TO SERVE AS A LEADING GLOBAL SOURCE OF AUTHORITATIVE FITNESS INDUSTRY DATA, EXPANDING THE USE OF ECONOMIC AND BEHAVIORAL RESEARCH TO QUANTIFY THE SOCIETAL VALUE OF PHYSICAL ACTIVITY AND ENSURE PUBLIC ACCESS TO EVIDENCE-BASED INSIGHTS THAT ADVANCE HEALTH OUTCOMES AND INFORM POLICY. PUBLICATIONS: PUBLISHED A PRINTED MAGAZINE CONSISTING OF 10 ISSUES AND 2 SPECIAL EDITIONS ISTRIBUTED TO APPROXIMATELY 10,000 PEOPLE.CURRENT FISCAL YEAR. PUBLISHED REPORTS, ARTICLES, VIDEOS, ND OTHER RESOURCES DESIGNED TO MOTIVATE AND EDUCATE CLUBOWNERS AND MANAGERS IN RUNNING THEIR BUSINESSES MORE EFFECTIVELY. DEVELOPED RESOURCES ADDRESSING FITNESS AND HEALTH CONCERNS IN ORDER TO PROVIDE CLUB OWNERS, OPERATORS, INDUSTRY SUPPLIERS, INVESTORS, AND THE PUBLIC CREDIBLE INFORMATIONON THE WORLDWIDE HEALTH CLUB INDUSTRY AND TO BETTER UNDERSTAND WHY PEOPLE JOIN HEALTH CLUBS AND WHAT MOTIVATES THEM TO STAY PHYSICALLY ACTIVE. ASSISTED MEMBERS WITH INFORMATION NEEDS THROUGH PERSON-TO-PERSON DISCUSSION AND ONLINE RESOURCES. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 26 0 1 24 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 0 MA X LIZ CLARK 6179510055 70 FARGO STREET BOSTON MA 02210 CHRIS SMITH CHAIR 5.00 1.00 X X 15000 0 0 LUKE CARLSON VICE CHAIR 5.00 0.00 X X 0 0 0 AHMAR AZAM FINANCE CHAIR 5.00 0.00 X X 0 0 0 AARON MOORE SECRETARY 5.00 0.00 X X 0 0 0 RICHARD BEDDIE BOARD MEMBER 5.00 0.00 X 0 0 0 JJ CREEGAN BOARD MEMBER 5.00 0.00 X 0 0 0 BILL DAVIS BOARD MEMBER 5.00 0.00 X 0 0 0 DEBORAH FIORELLA BOARD MEMBER 5.00 0.00 X 0 0 0 MARIA GONZALEZ BOARD MEMBER 5.00 0.00 X 0 0 0 ORI GORFINE BOARD MEMBER 5.00 0.00 X 0 0 0 RICHARD IDGAR BOARD MEMBER 5.00 0.00 X 0 0 0 MEL KLEIST BOARD MEMBER 5.00 0.00 X 0 0 0 ERIK LINDSETH BOARD MEMBER 5.00 0.00 X 0 0 0 AL NOSHIRVANI BOARD MEMBER 5.00 0.00 X 0 0 0 JEFF SANDERS BOARD MEMBER 5.00 0.00 X 0 0 0 MATTHEW STEVENS BOARD MEMBER 5.00 0.00 X 0 0 0 BARRY WALSH BOARD MEMBER 5.00 0.00 X 0 0 0 LONI WANG BOARD MEMBER 5.00 0.00 X 0 0 0 LIZ CLARK PRESIDENT & CEO 40.00 5.00 X 570015 0 41554 PAMELA KUFAHL SR DIRECTOR OF COMMUNICATIONS 40.00 5.00 X 119866 0 16834 MICHELE EYNON VP OF ADVERTISING 40.00 0.00 X 149950 0 4985 LYNNE DEVANEY VP OF SPONSORSHIP/ DEVEL. 40.00 1.00 X 143277 0 39054 MIKE GOSCINSKI VP OF GOVERNMENT AFFAIRS 40.00 0.00 X 168266 0 16818 JEFFREY SOLSBY SR VP OF COMMUNICATIONS THRU 4/4/25 40.00 0.00 X 199099 0 15001 1365473 0 134246 7 0 1 0 FREEMAN 25 DOHERTY AVE AVON MA 02322 MANAGEMENT 637545 DARTMOUTH PRINTING COMPANY 69 LYME ROAD HANOVER NH 03755 PUBLISHING 276897 HOLLAND-MARK LLC ONE BEACON STREET BOSTON MA 02108 ADVERTISING 228269 BRIESE & ASSOCIATES PO BOX 1505 CASTLE ROCK CO 80104 FINANCIAL STRATEGY SERVICE 223742 ACTIVE PLANET MEDIA 12021 WILLSHIRE BLVD 150 LOS ANGELES CA 90025 PUBLISHING 140500 6 100867 100867 MEETINGS & TRADE SHOWS 900099 7084337 7084337 MEMBERSHIP DUES 900099 2196978 2196978 OTHER PROGRAM SERVICES 900099 1055318 1055318 ADVERTISING 541800 700407 700407 OTHER PROGRAM SERVICES 900099 56841 56841 47496 47496 11141377 222391 222391 11464635 10393474 747903 222391 X 635950 2119774 98480 193712 175333 89852 34808 217000 600 1288756 294635 73251 383324 352200 290214 13419 2100503 49506 102000 87235 80472 PRODUCTION FEES 666880 MISCELLANEOUS FEES 218009 SPECIFIC INITIATIVES 182808 STAFF INCENTIVES AND GI 16287 7769 9772777 2803839 2551193 3868482 5953877 177059 60539 50774 91519 472264 356514 99676 115750 995688 1635328 7995518 10408206 911650 785715 1823952 2309449 1821421 1774531 887664 1279340 5444687 6149035 X 2298115 4016917 252716 242254 2550831 4259171 7995518 10408206 X 1691858 48930 -32448 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 1 2013157 402580 402580 402580 DUES FROM MEMBERS THE $2,013,157 IN LINE 1 INCLUDES ALL NON-FOREIGN MEMBER DUES. THIS INCLUDES $1,718,219 OF RENEWAL MEMBERSHIP DUES AND $294,938 OF NEW MEMBER DUES. MEMBERS WERE ALSO NOTIFIED THE 19.95%, (OR $402,580) OF TOTAL DUES OF $2,013,157 WAS RELATED TO LOBBYING EXPENDITURES AND THEREFORE NOT DEDUCTIBLE. SCHEDULE C, PART III-B, LINE 2A THE $402,580 CURRENT YEAR LOBBYING EXPENDITURES ON LINE 2A IS COMPOSED OF $221,823 THE PORTION OF THE DUES ATTRIBUTABLE TO LOBBYING, AND $180,757 IN LOBBYING EXPENSES FROM ADDITIONAL DIRECT SUPPORT. 38622 21180 17442 266199 217127 49072 167443 118207 49236 115750 DEPOSITS 417526 RIGHT OF USE ASSET, NET OF AMORTIZATION 1187927 SOFTWARE, NET OF AMORTIZATION 29875 1635328 LEASE LIABILITIES 1279340 1279340 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS A TAX POSITION. NONE OF THE ENTITIES ARE CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES CONSULTING 212479 EAST ASIA AND THE PACIFIC 0 0 CONSULTING CONSULTING 35000 0 1 0 0 0 1 247479 0 247479 0 0 0 0 0 1 X X X X X 0 0 0 LIZ CLARK PRESIDENT & CEO 457590 0 112425 0 0 0 6723 0 34831 0 611569 0 0 0 JEFFREY SOLSBY SR VP OF COMMUNICATIONS THRU 4/4/25 194099 0 5000 0 0 0 3102 0 11899 0 214100 0 0 0 MIKE GOSCINSKI VP OF GOVERNMENT AFFAIRS 164266 0 4000 0 0 0 4539 0 12279 0 185084 0 0 0 LYNNE DEVANEY VP OF SPONSORSHIP/ DEVEL. 139777 0 3500 0 0 0 4411 0 34643 0 182331 0 0 0 MICHELE EYNON VP OF ADVERTISING 148950 0 1000 0 0 0 4433 0 552 0 154935 0 0 0 PAMELA KUFAHL SR DIRECTOR OF COMMUNICATIONS 117366 0 2500 0 0 0 3705 0 13129 0 136700 0 0 0 PART I, LINE 3 CEO COMPENSATION FOR RENEWING THE PRESIDENT/ CEO CONTRACT FOR ANOTHER TERM, THE CHAIRMAN OF THE BOARD ENGAGED AN INDEPENDENT COMPENSATION CONSULTING FIRM TO REVIEW CEO COMPENSATION DATA FOR ORGANIZATIONS WITH COMPARABLE BUDGETS, STAFF SIZES, AND MISSIONS. THE CONSULTANT PROVIDES MARKET-BASED RECOMMENDATIONS TO THE BOARD. THE BOARD THEN REVIEWS THESE RECOMMENDATIONS ALONGSIDE THE ANNUAL PERFORMANCE EVALUATION OF THE CEO CONDUCTED BY THE CHAIRMAN OF THE BOARD. THIS EVALUATION MEASURES WHETHER ESTABLISHED KPIS WERE ACHIEVED AND TO WHAT DEGREE. BASED ON BOTH MARKET DATA AND PERFORMANCE OUTCOMES, THE BOARD DETERMINES ANY COMPENSATION/BONUS ADJUSTMENTS. STAFF COMPENSATION A SIMILAR PROCESS IS FOLLOWED FOR STAFF POSITIONS. MARKET COMPENSATION DATA IS REVIEWED USING: - ASAE COMPENSATION SURVEYS - LOCAL MARKET SALARY DATA FOR COMPARABLE POSITIONS THIS ANALYSIS IS CONDUCTED BY INDEPENDENT CONSULTANT FORM 990, PART VI, SECTION A, LINE 6 HFA IS A MEMBERSHIP ORGANIZATION, FOR HEALTH CLUBS, BUSINESSES AND SUPPLIERS SERVING THE HEALTH, RACQUET & SPORTSCLUB INDUSTRY. THERE ARE TWO CLASSES OF MEMBERSHIP - STANDARD AND PREMIUM. STANDARD MEMBERSHIP IS DESIGNED FOR THE OWNER/OPERATOR THAT WANTS TO GROW THEIR FITNESS BUSINESS, DEVELOP SKILLS, TRAIN STAFF, AND CONTRIBUTE TO THE INDUSTRY. PREMIUM MEMBERSHIP IS DESIGNED FOR THE OWNER/OPERATOR THAT WANTS TO LEAD THEIR COMPANY AND THE INDUSTRY AS A WHOLE TO THE HIGHEST LEVELS OF SUCCESS. THESE ARE THE MOST ENGAGED MEMBERS, TYPICALLY HIGHLY INVOLVED IN ADVOCACY EFFORTS. FORM 990, PART VI, SECTION A, LINE 7A BETWEEN TWO AND FOUR NEW BOARD MEMBERS ARE ELECTED ANNUALLY BY THE CURRENT MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR PREPARING THE 990 WAS PLANNED WITH THE CEO, SENIOR MANAGEMENT, ACCOUNTING STAFF AND INDEPENDENT ACCOUNTING FIRM. THE INDEPENDENT ACCOUNTING FIRM PREPARED THE RETURNS USING INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS AND INFORMATION FURNISHED BY MANAGEMENT. INFORMATION REQUESTS FROM THE ACCOUNTING FIRM WERE REVIEWED BY THE CEO IN ADVANCE OF PREPARATION AND THEN SENT TO THE ACCOUNTING FIRM. DRAFTS OF THE RETURNS WERE REVIEWED IN DETAIL BY THE VP OF FINANCE AND OPERATIONS AND ANY QUESTIONS AND CONCERNS WERE DISCUSSED WITH THE ACCOUNTING FIRM. FINAL RETURNS WERE REVIEWED IN DETAIL BY THE CEO PRIOR TO SIGNATURE AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C HFA'S CONFLICT OF INTEREST AND ETHICS POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. DIRECTORS MUST DISCLOSE IN WRITING ALL CONFLICTS OF INTEREST ON AT LEAST AN ANNUAL BASIS AND AS SOON AS PRACTICABLE FOR CONFLICTS ARISING IN THE INTERIM. MATTERS IN WHICH THE DIRECTOR DOES NOT BELIEVE THERE IS A CONFLICT OF INTEREST BUT NEVERTHELESS THERE MAY BE A PERCEPTION OF A CONFLICT, MUST BE DISCLOSED TO THE BOARD OF DIRECTORS TO DETERMINE WHETHER OR NOT AN ACTUAL CONFLICT EXISTS. ANY CHARGE MUST BE INVESTIGATED PROMPTLY AND MAY RESULT IN ANY DISCIPLINARY ACTION DEEMED APPROPRIATE BY THE BOARD. THE ORGANIZATION ENFORCES THIS POLICY BY FOLLOWING UP WITH THE BOARD MEMBERS IF THE ANNUAL STATEMENT IS NOT RETURNED. THE ORGANIZATION'S CONFLICT OF INTEREST & ETHICS POLICY COVERS EACH MEMBER OF THE ORGANIZATION'S BOARD OFFICERS, KEY EMPLOYEES AND OTHER EMPLOYEES ARE EXPECTED TO ADHERE TO THE SAME GENERAL GUIDELINES OF PROFESSIONAL BEHAVIOR AS STATED IN THE BOARD'S CONFLICT OF INTEREST & ETHICS POLICY. DIRECTORS MUST EXCUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT. IF THE COMMITTEE FINDS THAT A VIOLATION HAS OCCURRED, IT MAY RECOMMEND, AND THE BOARD MAY IMPOSE, ANY DISCIPLINARY ACTION DEEMED APPROPRIATE, INCLUDING WRITTEN REPRIMAND, SUSPENSION FROM THE BOARD, OR REMOVAL FROM THE BOARD. THE BOARD MEMBERS' ANNUAL STATEMENT OF COMPLIANCE IS SENT TO THE CEO. ANY POTENTIAL CONFLICTS ARE DISCUSSED WITH THE CHAIR, THE FINANCE COMMITTEE OR THE BOARD MEMBER WARRANTED. ALSO, ANY HFA MEMBER MAY NOTIFY THE CHAIRPERSON OF AN ALLEGED BREACH OF THE POLICY. IF THE CHAIRPERSON IS THE SUBJECT OF THE CHARGE, THEN NOTIFICATION SHALL GO TO THE SECRETARY. THIS NOTICE MUST BE IN WRITING AND SIGNED BY THE MEMBER(S) BRINGING THE CHARGE. UPON RECEIPT, THE CHAIR PERSON (OR SECRETARY) SHALL APPOINT A COMMITTEE TO REVIEW THE CHARGE. THE COMMITTEE SHALL CONSIST OF AT LEAST THREE PEOPLE, WHO NEED NOT BE BOARD MEMBERS. AT THE REQUEST OF THE DIRECTOR, THE COMMITTEE SHALL HOLD A HEARING (IN PERSON OR BY CONFERENCE CALL) PRIOR TO REACHING A DECISION. THE DIRECTOR MAY APPEAR AT THE HEARING TO RESPOND TO ALL CHARGES. ALSO AT ANY TIME, THE COMMITTEE HAS THE DISCRETION TO ATTEMPT TO REACH A SETTLEMENT OF THE MATTER. THE COMMITTEE REPORTS ITS FINDINGS TO THE BOARD OF DIRECTORS (EXCLUDING THE ACCUSED PERSON), ALONG WITH ANY RECOMMENDATIONS AS TO SETTLEMENT AND/OR DISCIPLINE. THE DIRECTOR SHALL HAVE AN OPPORTUNITY TO SUBMIT A WRITTEN RESPONSE TO THE BOARD REGARDING THE COMMITTEE'S FINDINGS AND RECOMMENDATIONS. THE BOARD (EXCLUDING THE ACCUSED DIRECTOR) MAY ACCEPT THE COMMITTEE'S FINDINGS AND RECOMMENDATIONS, MAY MODIFY THEM, OR MAY REFER THE MATTER BACK TO THE COMMITTEE FOR FURTHER CONSIDERATION. THE BOARD'S DECISION WILL BE COMMUNICATED TO THE DIRECTOR, THE CHARGING MEMBER(S), AND OTHERS ON A NEED-TO-KNOW BASIS. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION THE CHAIRMAN OF THE BOARD ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO REVIEW CEO COMPENSATION DATA FOR ORGANIZATIONS WITH COMPARABLE BUDGETS, STAFF SIZES, AND MISSIONS. THE CONSULTANT PROVIDES MARKET-BASED RECOMMENDATIONS TO THE BOARD. THE BOARD THEN REVIEWS THESE RECOMMENDATIONS ALONGSIDE THE ANNUAL PERFORMANCE EVALUATION OF THE CEO CONDUCTED BY THE CHAIRMAN OF THE BOARD. THIS EVALUATION MEASURES WHETHER ESTABLISHED KPIS WERE ACHIEVED AND TO WHAT DEGREE. BASED ON BOTH MARKET DATA AND PERFORMANCE OUTCOMES, THE BOARD DETERMINES ANY COMPENSATION ADJUSTMENTS. STAFF COMPENSATION A SIMILAR PROCESS IS FOLLOWED FOR STAFF POSITIONS. MARKET COMPENSATION DATA IS REVIEWED USING: ASAE COMPENSATION SURVEYS LOCAL MARKET SALARY DATA FOR COMPARABLE POSITIONS THIS ANALYSIS IS CONDUCTED BY INDEPENDENT CONTRACTORS, INCLUDING A STRATEGIC FINANCIAL ADVISOR AND HR CONSULTANTS. EACH EMPLOYEE COMPLETES A WRITTEN SELF-REVIEW OUTLINING THEIR ROLE, RESPONSIBILITIES, AND ACCOMPLISHMENTS, WHICH IS THEN CONSIDERED AS PART OF THE EVALUATION PROCESS. COMPENSATION DECISIONS FOR KEY STAFF POSITIONS ARE MADE BY THE PRESIDENT/CEO, INFORMED BY MARKET DATA AND PERFORMANCE REVIEWS. MOST RECENT COMPLETION OF THE PROCESS THE MOST RECENT INDEPENDENT COMPENSATION REVIEW WAS COMPLETED AT THE END OF 2025 IN PREPARATION FOR A NEW CONTRACT PERIOD BEGINNING IN 2026 AND BEYOND. THE CONTINUATION OF THE CEO'S CONTRACT FOR 2025 WAS APPROVED JOINTLY BY THE CHAIRMAN OF THE BOARD AND THE COMPENSATION COMMITTEE, WITH FINAL APPROVAL BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 HFA'S BYLAWS & MEETING MINUTES ARE AVAILABLE ONLINE AT WWW.HEALTHANDFITNESS.ORG. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE ONLINE BUT IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AUDITED OR REVIEWED ANNUALLY. FINANCIAL RESULTS ARE DISCLOSED TO THE MEMBERSHIP AT THE ANNUAL MEETING AND PRINTED COPIES OF THE ENTIRE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR DISTRIBUTION AT THE ANNUAL MEETING AND UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 371,724. CONTRACT FEES 669,735. PROFESSIONAL FEES 247,297. FORM 990, PART XI, LINE 9: FOUNDATION? -32,448. FITPAC 70 FARGO ST 7TH FLOOR BOSTON MA 02210 043423145 PAC MA 527 HFA 1 IHRSA FOUNDATION 70 FARGO ST 7TH FLOOR BOSTON MA 02210 800819632 RES & EDUC MA 501(C)(3) 7 HFA 1 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 THE HEALTH AND FITNESS ASSOCIATION FOUNDATION C 97581 FMV