AHIMA Foundation

EIN: 510245159 501(c)(3) Education

Chicago, IL

Total Revenue
$511,841
Total Expenses
$1,644,244
Total Assets
$4,571,388
Net Assets
$2,715,250
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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
IL
Phone
3122331100
Tax Period
2023-01-01 to 2023-12-31

AHIMA Foundation, founded in 1962, is a small nonprofit in the Education sector that reported $512K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 221% operating deficit.

Mission

AHIMA FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION AND PHILANTHROPIC ARM OF THE AMERICAN HEALTH INFORMATION MANAGEMENT ASSOCIATION (AHIMA) DEDICATED TO ADVANCING HEALTH TO TRANSFORM LIVES. FOUNDED IN 1962, AHIMA FOUNDATION'S PROGRAMS, RESEARCH, AND PROJECTS CONTINUE TO EVOLVE HELPING FAMILIES MAKE INFORMED HEALTH DECISIONS, GUIDING EVIDENCE-BASED HEALTHCARE SYSTEM POLICIES AND PRACTICES, AND EDUCATING AND TRAINING ASPIRING AND CURRENT HEALTH INFORMATION PROFESSIONALS. RECOGNIZING THAT HEALTH INFORMATION IS HUMAN INFORMATION, AHIMA FOUNDATION WORKS EXTENSIVELY TO CONVENE INTERDISCIPLINARY STAKEHOLDERS TO IDENTIFY AND ADDRESS UNMET PUBLIC HEALTH AND EDUCATION NEEDS. LEARN MORE AT WWW.AHIMAFOUNDATION.ORG.

Program Service Accomplishments

Program 1
Expenses: $175,062

SCHOLARSHIPS: AHIMA FOUNDATION AWARDED MERIT SCHOLARSHIPS IN 2023 TO OUTSTANDING UNDERGRADUATE STUDENTS PURSUING DEGREES IN HEALTH INFORMATION MANAGEMENT (HIM) AND HEALTH INFORMATION TECHNOLOGY...

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SCHOLARSHIPS: AHIMA FOUNDATION AWARDED MERIT SCHOLARSHIPS IN 2023 TO OUTSTANDING UNDERGRADUATE STUDENTS PURSUING DEGREES IN HEALTH INFORMATION MANAGEMENT (HIM) AND HEALTH INFORMATION TECHNOLOGY (HIT), AS WELL AS HIM PROFESSIONALS PURSUING GRADUATE AND DOCTORAL DEGREES.

Program 2

RESEARCH: AHIMA FOUNDATION IS COMMITTED TO ESTABLISHING PUBLIC AND PRIVATE COLLABORATIONS TO ADVANCE HEALTH SERVICES RESEARCH AND COMMISSIONED WORK FOCUSED ON THE MANAGEMENT OF HEALTH INFORMATION TO...

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RESEARCH: AHIMA FOUNDATION IS COMMITTED TO ESTABLISHING PUBLIC AND PRIVATE COLLABORATIONS TO ADVANCE HEALTH SERVICES RESEARCH AND COMMISSIONED WORK FOCUSED ON THE MANAGEMENT OF HEALTH INFORMATION TO ENRICH THE HIM KNOWLEDGE BASE BY PRODUCING AND PUBLISHING EVIDENCE-BASED POLICIES, PROMISING NEW PRACTICES, AND PRACTICAL OPTIONS FOR DECISION MAKERS ON ELECTRONIC HEALTH INFORMATION FOR HEALTH EQUITY, DIRECT TO CONSUMER HEALTH LITERACY INTERVENTIONS OUTSIDE OF A CLINICAL/PROVIDER SETTING, AND PROVIDER-DRIVEN INTERVENTIONS USED IN TREATMENT/CARE TO BETTER INFORM FUTURE AHIMA FOUNDATION PROGRAMING AROUND HEALTH LITERACY.

Program 3

HEALTH LITERACY FOR HEALTH EQUITY INITIATIVE: AHIMA FOUNDATION PROVIDED DIRECT-TO-CONSUMER EDUCATION CAMPAIGNS AND INNOVATIVE MULTILINGUAL DIGITAL RESOURCES TO HELP CONSUMERS MAKE INFORMED PERSONAL...

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HEALTH LITERACY FOR HEALTH EQUITY INITIATIVE: AHIMA FOUNDATION PROVIDED DIRECT-TO-CONSUMER EDUCATION CAMPAIGNS AND INNOVATIVE MULTILINGUAL DIGITAL RESOURCES TO HELP CONSUMERS MAKE INFORMED PERSONAL HEALTH DECISIONS FOR THEMSELVES AND THEIR LOVED ONES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $412,170
Program Service Revenue $0
Investment Income $93,920
Other Revenue $5,751
TOTAL REVENUE $511,841

Expense Breakdown

Grants Paid $96,000
Salaries & Benefits $476,993
Fundraising Expenses $56,405
Program Expenses $175,062
Other Expenses $1,071,251
TOTAL EXPENSES $1,644,244

Year-over-Year Comparison

2023 2022 Change
Revenue $511,841 $2,187,953 -0.8%
Expenses $1,644,244 $2,367,549 -0.3%
Net Income $-1,132,403 $-179,596 +5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
5
Volunteers
25

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
10
$1,584,217
Total Directors
12
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Past Chair 4.0
Officer Director
$0 $0 $0
N/A AHIMA Chair 4.0
Officer Director
$0 $0 $30,000
N/A FDN Chair 6.0
Officer Director
$0 $0 $0
N/A Chair elect 4.0
Officer Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Interim CEO 6.0
Officer
$0 $28,647 $465,097
N/A Executive Director 1/1/23-1/18/23 40.0
Officer
$81,797 $960 $82,757
N/A VP, Finance 6.0
Officer
$0 $18,433 $289,109
N/A General Counsel 6.0
Officer
$0 $28,743 $304,939
N/A Interim Executive Director 1/19/23-7/1/23 40.0
Officer
$102,000 $0 $102,000
N/A Interim Executive Director 7/2/23-12/31/23 12.0
Officer
$0 $20,489 $310,315
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 $511,841 $1,644,244 $4,571,388 $-1,132,403
2022 $2,187,953 $2,367,549 $3,119,262 $-179,596
2022 $2,187,953 $2,367,549 $3,119,262 $-179,596
2021 $2,859,204 $2,087,869 $4,471,874 $771,335
2020 $713,212 $2,009,326 $3,205,545 $-1,296,114
2019 $2,136,240 $2,459,896 $3,233,875 $-323,656
2018 $1,317,840 $1,102,218 $3,272,682 $215,622
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