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Filing year 2023

Healthcare Financial Management Association

Downers Grove, Illinois·EIN 36-2318336·501(c)(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 · Part VII & Schedule J · 12 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO Until 7/31/23
Above 90th percentile
$712k
$789k
Base
$359k
Bonus
$103k
Other
$144k
Benefits
$8k
Svp, Healthcare Financial Practices
Senior Vice President
75th to 90th percentile
$451k
$500k
Base
$294k
Bonus
$34k
Other
$31k
Benefits
$21k
Experience & Bus Dev Until 5/31/24
Key Employee
Above 90th percentile
$406k
$450k
Base
$273k
Bonus
$31k
Other
$22k
Benefits
$15k
Strategy & Delivery Until 12/15/23
Key Employee
Above 90th percentile
$401k
$444k
Base
$294k
Bonus
$30k
Other
$28k
Benefits
$17k
Dir, Channel Assets Until 8/31/24
Highest Compensated Employee
75th to 90th percentile
$362k
$401k
Base
$338k
Bonus
Other
$903
Benefits
$8k
Enterprise Account Executive
Highest Compensated Employee
75th to 90th percentile
$333k
$369k
Base
$298k
Bonus
Other
$116
Benefits
$20k
Vp, People and Culture
Board Vice President
75th to 90th percentile
$286k
$317k
Base
$196k
Bonus
$23k
Other
$2k
Benefits
$15k
President & CEO
75th to 90th percentile
$279k
$309k
Base
$238k
Bonus
Other
$337
Benefits
$4k
Vice President & CFO
75th to 90th percentile
$264k
$293k
Base
$192k
Bonus
$18k
Other
$343
Benefits
$9k
Director, Partner Relationships
Highest Compensated Employee
Median to 75th percentile
$229k
$254k
Base
$174k
Bonus
$16k
Other
$903
Benefits
$15k
Account Executive
Highest Compensated Employee
Median to 75th percentile
$213k
$236k
Base
$178k
Bonus
Other
$939
Benefits
$19k
Director, Channel Assets
Highest Compensated Employee
Median to 75th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 35% from 2022 to 2023, while revenue rose 11%.

$1.1M in 2022 to $712k in 2023.
  • Senior Vice President pay rose 9% from 2022 to 2023.
  • Key Employee pay rose 14% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about Healthcare Financial Management Association

What does the Chief Executive Officer of Healthcare Financial Management Association earn?

In 2023, the Chief Executive Officer of Healthcare Financial Management Association received $712,204 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Healthcare Financial Management Association compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Healthcare Financial Management Association falls in the top 10%.

What are Healthcare Financial Management Association's revenue and expenses?

In 2023, Healthcare Financial Management Association reported $25.9M in total revenue and $25.8M in total expenses on its IRS Form 990.

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