HIMSS Financial Highlights
This information is from the 2018 Form 990 of HIMSS, which covers the tax year ending June 30, 2019. The 2019 form, which will include the first half of 2020 when HIMSS20 was cancelled, will be filed in July 2021.
Income and Expense
Total revenue: $112 million (up 18% from the previous year)
Total expenses: $91 million (down 5.5% from the previous year)
Revenue less expenses: $21.2 million (versus a $1.2 million loss the previous year)
Program Service Revenue
Conferences: $42.8 million
Corporate sponsorships: $13.1 million
Membership: $12.9 million
Advertising and media: $10.0 million (classified as unrelated business revenue)
Analytics and maturity models: $3.0 million
Revenue from Related Organizations
HIMSS Media: $13.2 million
HIMSS Analytics: $3.0 million
Personal Connected Health Alliance: $2.6 million
HIMSS Europe: $1.6 million
HIMSS also reported taxable partnerships through its Healthbox consulting firm.
Major Expenses
Conferences: $15.9 million
IT: $6.4 million
Occupancy: $2.2 million
Travel: $4.1 million
Highest Compensated Employees
Steve Lieber, former president and CEO: $2,666,485 (retired December 2017)
Hal Wolf, president and CEO: $1,291,414
Carla Smith, EVP: $671,788 (resigned November 2018)
Bruce Steinberg, managing director, international: $548,909
John Whelan, EVP, HIMSS Media: $426,732
Blain Newton, EVP, HIMSS Analytics: $451,265
Stephen Wretling, chief technology and innovation officer: $393,866
Patricia Mechael, EVP, Personal Connected Health Alliance: $355,787 (six months)
Total salaries and wages: $38 million for 459 employees, plus $4.1 million in pension plans and other employee benefits.
I hear, and personally experience instances where the insurance company does not understand (or at least can explain to us…