EIN 36-2318336

Healthcare Financial Management Association (HFMA)

IRS 501(c) type
501(c)(6)
Num. employees
87
Year formed
1957
Most recent tax filings
2022-05-01
NTEE code, primary
Description
The Healthcare Financial Management Association provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care.
Related structure
HFMA is a parent organization to a group of 69 other organizations.
Total revenues
$26,004,256
2022
Total expenses
$21,763,231
2022
Total assets
$21,103,876
2022
Num. employees
87
2022

Program areas at HFMA

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 63 chapters and 11 regions, HFMA's 89,000 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.
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.
HFMA publishes monthly magazines and e-newsletters that are shared not only with the 89,000-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.

Personnel at HFMA

NameTitleCompensation
Joseph FiferPresident and Chief Executive Officer$386,558
Joyce Zimowski, Fhfma, CPASenior Vice President and Chief Financial Officer
Suchita NagaleVice President , It$146,457
Lisa RichardsVice President , People and Culture$156,739
Susan BrenkusSenior Vice President , People and Culture / Senior Vice President People and Culture / Vice President Human Resources / Vice President , Human Resources and Chapter Relations$159,130
...and 14 more key personnel

Financials for HFMA

RevenuesFYE 05/2022
Total grants, contributions, etc.$1,901,680
Program services$19,188,187
Investment income and dividends$234,551
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$137,995
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,541,843
Total revenues$26,004,256

Form 990s for HFMA

Fiscal year endingDate received by IRSFormPDF link
2022-052023-04-13990View PDF
2020-052021-06-30990View PDF
2019-052021-06-07990View PDF
2018-052019-06-19990View PDF
2017-052018-05-14990View PDF
...and 9 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 5 new personnel
June 10, 2023
Used new vendors
Identified 1 new vendor, including
May 15, 2023
Updated personnel
Identified 4 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Professional associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
HealthBusiness and industry
Characteristics
MembershipsReceives government fundingCommunity engagement / volunteering
General information
Address
2001 Butterfield Rd 1500
Downers Grove, IL 60515
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
hfma.org/ 
Phone
(708) 531-9600
Facebook page
hfmaorg 
Twitter profile
@hfmaorg 
IRS details
EIN
36-2318336
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813920: Professional Associations
Parent/child status
Parent of group exemption
Central organization
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