Business Advocacy
Represents member interests in policy development and advocates for pro-business initiatives at local and state levels
Supporting business and community development in IL
About Organization
Healthcare Financial Management operates in Downers Grove, IL, focusing on to foster and increase knowledge of and proficiency in financial management in the healthcare industry conduct and participate in education programs provide media for interchange of ideas and dissemination of materials relative to financial management and strengthen cooperation among individuals of varying disciplines in financial management.. The organization manages $11.3M in annual revenue, 1 employees, $15.8M in assets. Established in 1969, the organization has served the region for 57 years.
Business Advocacy
Represents member interests in policy development and advocates for pro-business initiatives at local and state levels
Community Leadership
Develops business leadership capacity and facilitates collaboration on community priorities and regional challenges
Member Services
Provides networking opportunities, professional development resources, and support services for member organizations
Form 990 data showing organizational financial health and growth.
Revenue (2023)
$11.3M
+30.6% vs 2021
Expenses (2023)
$10.8M
+25.1% vs 2021
Assets (2023)
$15.8M
+2.7% vs 2021
Employees (2023)
1
+0% vs 2021
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2023 | $11,306,662 | $10,826,081 | $15,769,454 | 1 |
| 2021 | $8,658,977 | $8,652,821 | $15,352,963 | 1 |
| 2020 | $4,298,249 | $3,336,264 | $15,673,008 | 1 |
| 2019 | $9,955,385 | $8,763,371 | $13,458,507 | 1 |
| 2018 | $11,399,994 | $11,540,931 | $13,390,618 | 1 |
| 2017 | $12,504,757 | $12,453,372 | $13,134,541 | 1 |
Source: IRS Form 990 filings. All figures in USD.
Identifies priority issues through stakeholder consultation and analysis of business community needs
Develops targeted initiatives based on member input and regional economic development priorities
Executes programs through partnerships with member organizations and community stakeholders
Evaluates outcomes through member feedback and tracks progress toward organizational objectives
Services and programs offered by Healthcare Financial Management
Promotes regional economic growth through strategic partnerships and development initiatives
Facilitates collaboration between business and community stakeholders on shared priorities
Provides networking opportunities, resources, and support to member organizations across the region
Develops business leadership capacity through training, mentorship, and professional development opportunities
Represents business interests in policy development and legislative initiatives at state and local levels
Meet the people behind Healthcare Financial Management.
1969
1969
Established to serve business community development and economic growth initiatives
1997
1997
Extended programming and membership services to serve broader regional business community
2023
2023
Achieved significant revenue growth reflecting expanded member services and regional programming
2026
2026
Maintains active programming serving member organizations and regional economic development priorities
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2019)
$140K
Highest Paid
$110K
Joseph J Fifer
Compensated Officers
2
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Joseph J Fifer | President & CEO | $0 | $110,402 | $110,402 | — |
| Joyce Zimowski | SVP/CFO | $0 | $29,275 | $29,275 | — |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Joseph J Fifer | President & CEO | $0 | $113,673 | $113,673 | — |
| Joyce Zimowski | SVP/CFO | $0 | $55,757 | $55,757 | — |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Get in touch with Healthcare Financial Management