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Filing year 2023

Healthcare Financial Management Association

Downers Grove, Illinois·EIN 36-2318336·6
Total revenue
$25.9M
Total assets
$25M
Total expenses
$25.8M
Reported officers
24
Mission

Leading the financial management of health care.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2023

President & CEO Until 7/31/23
$712k
$789k
Base
$359k
Bonus
$103k
Other
$144k
Benefits
$8k
Svp, Healthcare Financial Practices
senior vice president
$451k
$500k
Base
$294k
Bonus
$34k
Other
$31k
Benefits
$21k
Experience & Bus Dev Until 5/31/24
key employee
$406k
$450k
Base
$273k
Bonus
$31k
Other
$22k
Benefits
$15k
Strategy & Delivery Until 12/15/23
key employee
$401k
$444k
Base
$294k
Bonus
$30k
Other
$28k
Benefits
$17k
Dir, Channel Assets Until 8/31/24
highest compensated employee
$362k
$401k
Base
$338k
Bonus
Other
$903
Benefits
$8k
Enterprise Account Executive
highest compensated employee
$333k
$369k
Base
$298k
Bonus
Other
$116
Benefits
$20k
Vp, People and Culture
vice president
$286k
$317k
Base
$196k
Bonus
$23k
Other
$2k
Benefits
$15k
$279k
$309k
Base
$238k
Bonus
Other
$337
Benefits
$4k
Vice President & CFO
$264k
$293k
Base
$192k
Bonus
$18k
Other
$343
Benefits
$9k
Director, Partner Relationships
highest compensated employee
$229k
$254k
Base
$174k
Bonus
$16k
Other
$903
Benefits
$15k
Account Executive
highest compensated employee
$213k
$236k
Base
$178k
Bonus
Other
$939
Benefits
$19k
Director, Channel Assets
highest compensated employee
$212k
$235k
Base
$168k
Bonus
Other
$209
Benefits
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Down 35%
from 2022

From $1.1M in 2022 to $712k in 2023.

$1.1M
2022
$712k
2023
In today's dollarsEst.
Down 37% in real terms$1.3M to $789k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Healthcare Financial Management Association reported revenue and expenses across 2 filing years.

RevenueExpenses
$23.3M
$23.6M
2022
$25.9M
$25.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
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