Healthcare Financial Management Association Educational Foundation
Healthcare Financial Management Association Educational Foundation reported $11.3 million in revenue and $9.4 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $98.34 went to program services, $1.66 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.3% of the total. The highest compensation it reported for one person was $781,795 (President & CEO). 6 people received more than $100,000 in reportable compensation. Revenue rose 41% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $9.4MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.7% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.3% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $781,795 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 8.35% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 6 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 38.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe purpose of Healthcare Financial Management Association Educational Foundation (EF) is to receive and administer funds and property for educational purposes, including the instruction or training of individuals and groups, utilizing discussion groups, forums, panels, lectures or similar programs and through various courses of instruction for the purpose of improving or developing capabilities in the field of healthcare financial management. The largest revenue generating event for EF is the Annual Conference which provides members an opportunity for face to face education, lecture, panel…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 13.00 hrs/week | $212,105 | $494,911 | $74,779 | $781,795 |
| Experience & Bus Dev until 5/31/24 Key employee, 13.00 hrs/week | $178,275 | $415,979 | $60,671 | $654,925 |
| SVP, Healthcare Financial Practices Key employee, 13.00 hrs/week | $164,555 | $383,960 | $97,102 | $645,617 |
| Enterprise Account Executive Highest compensated employee, 13.00 hrs/week | $124,392 | $290,248 | $38,109 | $452,749 |
| VP, People and Culture Key employee, 13.00 hrs/week | $108,996 | $254,325 | $70,708 | $434,029 |
| Dir, Channel Assets until 8/15/24 Highest compensated employee, 13.00 hrs/week | $120,983 | $282,293 | $16,065 | $419,341 |
| Vice President & CFO Key employee, 13.00 hrs/week | $98,318 | $229,410 | $57,076 | $384,804 |
| Director, Partner Relationships Highest compensated employee, 13.00 hrs/week | $90,212 | $210,495 | $40,981 | $341,688 |
6 people received more than $100,000 in reportable compensation from Healthcare Financial Management Association Educational Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 612
Correct a figure or respond
Every number above is copied from Healthcare Financial Management Association Educational Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Healthcare Financial Management Association Educational Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Healthcare Financial Management Association Educational Foundation spent in FY2025, $98.34 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Healthcare Financial Management Association Educational Foundation's spending goes to programs?
In the fiscal year ending May 31, 2025, Healthcare Financial Management Association Educational Foundation reported that 98.3% of its $9.4 million in expenses went to program services, 1.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Healthcare Financial Management Association Educational Foundation pay its top executive?
The largest total compensation Healthcare Financial Management Association Educational Foundation reported for one person in the fiscal year ending May 31, 2025 was $781,795, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Healthcare Financial Management Association Educational Foundation get its money?
Of $11.3 million in revenue in the fiscal year ending May 31, 2025, 0.1% came from contributions and grants and 91.3% from program service revenue (Form 990, Part VIII).
Is Healthcare Financial Management Association Educational Foundation a registered charity?
The IRS lists EIN 36-2544491 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202630859349300233 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202510579349301201 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202440929349301219 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202331039349300518 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202221049349301007 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202141039349301014 · read the filing
All filings for EIN 36-2544491: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.