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Filing year 2023

Healthcare Financial Management Association Educational Foundation

Downers Grove, Illinois·EIN 36-2544491·NTEE E83B · Health Care·501(c)(3)
Total revenue
$12.4M
Total assets
$35.4M
Total expenses
$10M
Reported officers
24
Mission

To define, realize and advance the financial management of health care by helping members and others improve the business performance of organizations operating in or serving the healthcare field.

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 Health Care organizations in Illinois.

President & CEO Until 7/31/23
Median to 75th percentile
$366k
$405k
Base
$154k
Bonus
$44k
Other
$62k
Benefits
$4k
Svp, Healthcare Financial Practices
Senior Vice President
25th percentile to medianvs Health Care peers nationwide
$246k
$272k
Base
$126k
Bonus
$15k
Other
$13k
Benefits
$9k
Experience & Bus Dev Until 5/31/24
Key Employee
25th percentile to median
$220k
$244k
Base
$117k
Bonus
$13k
Other
$10k
Benefits
$6k
Strategy & Delivery Until 12/15/23
Key Employee
25th percentile to median
$199k
$220k
Base
$126k
Bonus
$13k
Other
$12k
Benefits
$7k
Dir, Channel Assets Until 8/31/24
Highest Compensated Employee
10th to 25th percentile
$168k
$187k
Base
$145k
Bonus
Other
$387
Benefits
$3k
Enterprise Account Executive
Highest Compensated Employee
10th to 25th percentile
$163k
$181k
Base
$128k
Bonus
Other
$50
Benefits
$9k
Vp, People and Culture
Board Vice President
25th percentile to median
$160k
$177k
Base
$84k
Bonus
$10k
Other
$837
Benefits
$6k
Vice President & CFO
Median to 75th percentile
$144k
$160k
Base
$82k
Bonus
$8k
Other
$147
Benefits
$4k
President & CEO
25th percentile to median
$143k
$158k
Base
$102k
Bonus
Other
$144
Benefits
$2k
Director, Partner Relationships
Highest Compensated Employee
Below 10th percentile
$120k
$133k
Base
$75k
Bonus
$7k
Other
$387
Benefits
$6k
Director, Channel Assets
Highest Compensated Employee
Below 10th percentile
$116k
$129k
Base
$72k
Bonus
Other
$90
Benefits
$10k
Account Executive
Highest Compensated Employee
Below 10th percentile
$111k
$123k
Base
$76k
Bonus
Other
$403
Benefits
$8k

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.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Healthcare Financial Management Association Educational Foundation equaled 4% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
4%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 32%
from 2022

From $537k in 2022 to $366k in 2023.

$537k
2022
$366k
2023
In today's dollarsEst.
Down 34% in real terms$615k to $405k

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 32% from 2022 to 2023, while revenue rose 37%.

$537k in 2022 to $366k in 2023.
  • Senior Vice President pay rose 9% from 2022 to 2023.
  • Key Employee pay rose 47% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Healthcare Financial Management Association Educational Foundation

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

In 2023, the Chief Executive Officer of Healthcare Financial Management Association Educational Foundation received $365,835 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Health Care organizations in Illinois, within the top half of comparable filings. Based on IRS Form 990 data.

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

Compared with the same role at Health Care organizations in Illinois, the 2023 pay of the Chief Executive Officer at Healthcare Financial Management Association Educational Foundation falls between the median and the 75th percentile. In 2023, the highest total compensation at Healthcare Financial Management Association Educational Foundation equaled 4% of the organization's total expenses. The median for health care organizations is 4%.

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

In 2023, Healthcare Financial Management Association Educational Foundation reported $12.4M in total revenue and $10M in total expenses on its IRS Form 990.

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