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HIMSS Financial Highlights

February 28, 2019 News No Comments

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HIMSS sent me a copy of their most recent Form 990 tax filing for the fiscal year ending June 30, 2017. These are the highlights.


Yearly Accomplishments

  • The strategic business unit completed 96 percent of its tactics
  • The organization supported 68,000 members
  • It published 750 tangible resources
  • It established relationships with CMS, FDA, and the White House

Revenue

  • Total revenue was $88.5 million
  • Expenses were $87.6 million
  • Revenue less expenses was $925,000

Revenue Contribution

  • Annual conference $29.9 million (35 percent of the total)
  • Publishing $13.9 million (16 percent)
  • Dues $11.7 million (14 percent)
  • Corporate sponsorship $9.9 million (11 percent)
  • Global conferences $9.4 million (10 percent)
  • Other $11.6 million (13 percent)

Salaries

  • The total compensation of then-President and CEO Steve Lieber was $1.26 million
  • EVP Carla Smith earned $685,000
  • Most of the other six VPs earned in the $300,000 range
  • HIMSS Media EVP John Whelan was paid $421,000 and two of its media salespeople earned in the $300,000 range (much of that as incentive pay)
  • HIMSS paid 364 employees a total of $42 million

Expense Notes

  • HIMSS spent $14.7 million to operate the annual conference
  • The largest outside expense was the $5.6 million paid to event management vendor Freeman
  • It paid a marketing software company $1 million for a HIMSS Analytics tool that allows customers who are in sales to prospect

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