HEALTHCARE BUSINESS MANAGEMENT ASS… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

BRADLEY LUND

Phone

8008699295

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE BUSINESS MANAGEMENT ASSOCIATION, founded in 1994, is a small nonprofit that reported $979K in total revenue in fiscal year 2023. Expenses of $903K left a modest 8% surplus.

Mission

TO PROVIDE EDUCATION, TRAINING, CERTIFICATION, GOVT RELATIONS, COMPLIANCE PROGRAMS, AND NETWORKING TO HEALTHCARE BILLING PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $471,402 Revenue: $322,989

Membership services - Provides for an annual directory of members which facilitates and encourages a network for the exchange of information and ideas.

Program 2

Expenses: $367,080 Revenue: $529,770

HBMA PROVIDES AN ANNUAL COMPLIANCE SYMPOSIUM IN THE SPRING, AN ANNUAL MEMBERSHIP MEETING IN THE FALL, COMPLIANCE ACCREDIDATION, AND WEBINARS.

Program 3

Expenses: $33,422 Revenue: $432

HBMA PROVDES NEWSLETTERS AND PUBLICATIONS TWICE A MONTH TO THE MEMBERS. MEMBERS RECEIVE FOUR ISSUES PER YEAR OF THE RCM ADVISOR JOURNAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,481

Program Service Revenue $900,005

Investment Income $0

Other Revenue $71,944

TOTAL REVENUE $979,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $871,904

Other Expenses $903,257

TOTAL EXPENSES $903,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,430	$980,099	0.0%
Expenses	$903,257	$774,199	+0.2%
Net Income	$76,173	$205,900	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET SELOVER	Director	2.00	Director	$0	$0	$0
KYLE TUCKER	President	6.00	Officer Director	$0	$0	$0
CURT ANDERSON	Treasurer	4.00	Officer Director	$0	$0	$0
VINOD SANKARAN	Director	2.00	Director	$0	$0	$0
LANDON TOOKE	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN BAILIE	Director	2.00	Director	$0	$0	$0
JENNIFER HICKS	Director	2.00	Director	$0	$0	$0
MICHAEL JOHNSON	Director	2.00	Director	$0	$0	$0
SARA NOFZIGER-DREW	Secretary	2.00	Director	$0	$0	$0
OLGA KHABINSKAY	Director	2.00	Director	$0	$0	$0
KIRK REINITZ	Vice President	2.00	Officer Director	$0	$0	$0
BRADLEY LUND	Executive Dir.	30.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$979,430	$903,257	$494,817	$76,173
2022	$980,099	$774,199	$363,375	$205,900
2021	$673,510	$748,236	$277,033	$-74,726
2020	$644,807	$726,082	$200,526	$-81,275
2019	$1,000,341	$883,601	$128,398	$116,740
2018	$841,230	$969,143	$195,030	$-127,913

HEALTHCARE BUSINESS MANAGEMENT ASSOCIATION