2026-03-26T11:29:37-05:00 2025-05-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2024-06-01 362318336 Healthcare Financial Management Association HEAL 7085319600 2001 Butterfield Rd 1500 Downers Grove IL 60515 C Ann Jordan President & CEO 7085319600 2026-03-25 1 1 Rebekuh Eley P01247672 3126343400 2026-03-25 2024 2025-03-06 01:10:19Z C Ann Jordan 2001 Butterfield Rd 1500 Downers Grove IL 60515 25723168 0 1995 X www.hfma.org X 1957 IL Leading the financial management of health care. 13 12 90 1160 1148841 0 0 0 18865873 18902769 1132482 599408 5938445 5092288 25936800 24594465 0 0 0 0 16932863 15842970 0 0 0 8871513 8501794 25804376 24344764 132424 249701 25009493 25051185 16951442 16740393 8058051 8310792 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 59 chapters and 11 regions, HFMA's 136,946 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 magazines and e-newsletters that are shared not only with the 136,946-member base but with other industry professionals, circulation for some periodicals reaching 34,000. 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 63 0 1 90 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 2001 Butterfield Rd 1500 Downers Grove IL 60515 X C Ann Jordan President & CEO 27.00 13.00 X X 494911 212105 74779 Marc B Scher Chairman 4.00 0.40 X X 0 0 0 Kiran N Batheja Chair-Elect 3.60 0.40 X X 0 0 0 Matthew E Cox Secretary/Treasurer 3.00 0.30 X X 0 0 0 Robin Damschroder Director 2.30 0.30 X 0 0 0 Carladenise Armbrister Edwards Director 2.30 0.30 X 0 0 0 Nikki Harper Director 2.30 0.30 X 0 0 0 Scott R Hawig Director 2.30 0.30 X 0 0 0 Kevin Holloran Director 2.30 0.30 X 0 0 0 David W Johnson Director 2.30 0.30 X 0 0 0 Susan K Nelson Director 2.30 0.30 X 0 0 0 Deepak Sadagopan Director 2.30 0.30 X 0 0 0 Marcus Whitney Director 2.30 0.30 X 0 0 0 William Casey SVP Member Experience & Bus Dev until 5/31/24 27.00 13.00 X 415979 178275 60671 Richard Gundling SVP, Healthcare Financial Practices 27.00 13.00 X 383960 164555 97102 Lisa Richards VP, People and Culture 27.00 13.00 X 254325 108996 70708 Steve Saldivar Vice President & CFO 27.00 13.00 X 229410 98318 57076 Nicole Weaver Chief Technology & Eff. Officer 27.00 13.00 X 207490 88925 38246 Vincent Lynn Enterprise Account Executive 27.00 13.00 X 290248 124392 38109 Richard Lucas Dir, Channel Assets until 8/15/24 27.00 13.00 X 282293 120983 16065 Todd Nelson Director, Partner Relationships 27.00 13.00 X 210495 90212 40981 Brad Dennison Director, Content 27.00 13.00 X 170569 73102 51191 Jennifer Vanden Bergh Account Executive 27.00 13.00 X 167055 71595 18175 3106735 1331458 563103 56 0 1 0 Powercast Media LLC 5527 N Camino Real Tucson AZ 85718 Advertising/Sales 492176 Meridian Technology Solutions 2210 Midwest Road Oak Brook IL 60523 IT Services 473091 XIT Solutions Inc 18W140 Butterfield Road Oak Brook Terrace IL 60181 IT Services 465633 AdCellerant LLC 865 North Albion St Suite 400 Denver CO 80220 Digital Marketing Services 456848 Third Horizon Strategies 320 S Canal St Suite 3030 Chicago IL 60606 Advisory Services 432250 19 Membership Dues 611430 13077896 13077896 Sponsorships 611710 2042843 2042843 Benchmarking & Metrics 611430 1401516 1401516 Publications 513120 1151826 2985 1148841 Peer Review 900099 741634 741634 487054 487054 18902769 435025 435025 1293086 1128703 164383 164383 164383 Reimbursed Shared Services 900099 4759803 4759803 332485 332485 5092288 24594465 17753928 1148841 5691696 X 1848128 11326689 877700 992375 798078 116751 96425 19345 2376736 627343 1030910 314549 623819 450658 898126 216877 Equipment 704149 Membership Model 691790 Subscriptions 318452 Membership Fees 13693 2171 24344764 2804881 3255716 1284464 633923 2383359 2124256 801654 879686 4093879 3519349 1472658 574530 14049615 15302599 2212862 2280475 25009493 25051185 3276727 3465942 9132681 8848586 4542034 4425865 16951442 16740393 X 8058051 8310792 8058051 8310792 25009493 25051185 X 249701 503040 -500000 X 0 1 X 1 0 532873 142913 389960 3561006 3376436 184570 574530 Operating Lease ROU Asset 1050502 Investments Held for Deferred Compensation 1229973 2280475 Due to Affiliates 2013346 Deferred Compensation Liability 1229973 Operating Lease Liability 1182546 4425865 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 ASC, 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, 2025 and 2024, the Association has no liability for unrecognized tax benefits. HFMA files Form 990 in the U.S. federal jurisdiction. X X 1 1 X X X X X 0 1 0 C Ann Jordan President & CEO 429462 184055 64775 27761 674 289 44082 18893 8263 3541 547256 234539 0 0 William Casey SVP Member Experience & Bus Dev until 5/31/24 154610 66260 27018 11579 234351 100436 35715 15306 6755 2895 458449 196476 18460 7912 Richard Gundling SVP, Healthcare Financial Practices 328140 140632 26909 11532 28911 12391 45294 19411 22678 9719 451932 193685 23300 9985 Vincent Lynn Enterprise Account Executive 286496 122784 3625 1554 127 54 4918 2108 21758 9325 316924 135825 0 0 Lisa Richards VP, People and Culture 189313 81134 48104 20616 16908 7246 33273 14260 16222 6953 303820 130209 16255 6967 Richard Lucas Dir, Channel Assets until 8/15/24 245638 105274 0 0 36655 15709 6261 2683 4985 2136 293539 125802 0 0 Steve Saldivar Vice President & CFO 193265 82828 35762 15326 383 164 31756 13610 8197 3513 269363 115441 0 0 Todd Nelson Director, Partner Relationships 179358 76868 30234 12957 903 387 12872 5518 15814 6777 239181 102507 0 0 Nicole Weaver Chief Technology & Eff. Officer 197857 84796 7000 3000 2633 1129 19250 8250 7522 3224 234262 100399 0 0 Brad Dennison Director, Content 150858 64654 19228 8241 483 207 11098 4756 24735 10602 206402 88460 0 0 Jennifer Vanden Bergh Account Executive 163242 69961 3500 1500 313 134 5177 2218 7546 3234 179778 77047 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. Part I, Line 4b The following individuals received contributions to their supplemental non-qualified retirement plan in 2024: William Casey $37,112 Richard Gundling $40,555 C. Ann Jordan $60,000 Lisa Richards $27,588 Steve Saldivar $25,758 Nicole Weaver $27,500 The following individuals received payouts from their supplemental non-qualified retirement plan in 2024: William Casey $26,372 Richard Gundling $33,285 Lisa Richards $23,222 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 board members annually. 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). Form 990, Part IX, line 11g Commissions 269,753. Contractual Services 2,106,983. Form 990, Part XI, line 9: Impairment Loss -500,000. Healthcare Financial Management Association Educational Foundation 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 362544491 Foster/Increase financial management knowledge through education IL 501(c)(3) Line 10 Healthcare Financial Management Association 1 HFMA Learning Solutions Inc 2001 Butterfield Rd Suite 1500 Downers Grove IL 60515 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 L 4759803 Accrual Healthcare Financial Management Association Educational Foundation S 1500000 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.