Healthcare Information And Management Systems Society
- Assets
- $52.7m
- Revenue
- $65.1m
- Investments
- $0.0
- Employees
- 341
- Location
- Chicago, IL
- Founding
- 08/2001
- Data as of
- 12/2020
- EIN
- 36-3906745
Organization Overview
Healthcare Information And Management Systems Society, operating under the name Himss, is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Himss employed 341 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Himss is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Himss generated $65.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $47.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
REFORM THE GLOBAL HEALTH ECOSYSTEM THROUGH THE POWER OF INFORMATION AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIMSS IS A GLOBAL ADVISOR AND THOUGHT LEADER SUPPORTING THE TRANSFORMATION OF HEALTH THROUGH INFORMATION AND TECHNOLOGY. AS A MISSION DRIVEN NON-PROFIT, HIMSS OFFERS A UNIQUE DEPTH AND BREADTH OF EXPERTISE IN HEALTH INNOVATION, PUBLIC POLICY, WORKFORCE DEVELOPMENT, RESEARCH AND ANALYTICS TO ADVISE GLOBAL LEADERS, STAKEHOLDERS AND INFLUENCERS ON BEST PRACTICES IN HEALTH INFORMATION AND TECHNOLOGY. THROUGH OUR INNOVATION COMPANIES, HIMSS DELIVERS KEY INSIGHTS, EDUCATION AND ENGAGING EVENTS TO HEALTHCARE PROVIDERS, GOVERNMENTS AND MARKET SUPPLIERS, ENSURING THEY HAVE THE RIGHT INFORMATION AT THE POINT OF DECISION.
THE HIMSS ANALYTICS DEPARTMENT IS A GLOBAL HEALTHCARE ADVISOR, PROVIDING GUIDANCE AND MARKET INTELLIGENCE SOLUTIONS TO HOSPITALS AND CLINICAL PRACTICES THAT MOVE THE INDUSTRY FORWARD WITH INSIGHT TO ENABLE BETTER HEALTH THROUGH THE USE OF INFORMATION AND TECHNOLOGY. THE HIMSS ANALYTICS DEPARTMENT OFFERS COMPARATIVE INFORMATION AND TECHNOLOGY ADOPTION BENCHMARKING CAPABILITIES FOR HEALTHCARE ORGANIZATIONS THROUGH ITS GLOBAL BENCHMARKING SUITE, WHICH INCLUDES THE ELECTRONIC MEDICAL RECORD ADOPTION MODEL (EMRAM), THE OUTPATIENT EMRAM (O-EMRAM), THE CONTINUITY OF CARE MATURITY MODEL (CCMM), THE ADOPTION MODEL FOR ANALYTICS MATURITY (ANAM), THE DIGITAL IMAGING ADOPTION MODEL (DIAM), THE INFRASTRUCTURE ADOPTION MODEL (INFRAM), AND THE HEALTHCARE SUPPLY INFORMATION MATURITY MODEL (H-SIMM).
THE HIMSS INTERNATIONAL DEPARTMENT LEADS GLOBAL EFFORTS TO OPTIMIZE HEALTH ENGAGEMENTS AND CARE OUTCOMES THROUGH THE USE OF INFORMATION AND TECHNOLOGY. HIMSS INTERNATIONAL IS A PART OF HIMSS, A CAUSE-BASED GLOBAL ENTERPRISE THAT PRODUCES HEALTH IT THOUGHT LEADERSHIP, EDUCATION, EVENTS, MARKET RESEARCH, AND MEDIA SERVICES AROUND THE WORLD. HIMSS, HEADQUARTERED IN CHICAGO, SERVES THE GLOBAL HEALTH IT COMMUNITY WITH ADDITIONAL OFFICES IN THE UNITED STATES, EUROPE, AND ASIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Wolf III CEO & President | Officer | 40 | $1,306,205 |
Bruce Steinberg Managing Director, Himss I | 40 | $0 | |
Stephen Wretling Chief Technology & Information Officer | Officer | 40 | $582,344 |
Denise Hines Chief Americas Officer, North America | Officer | 40 | $356,078 |
Frank Bilich Vp, Sales & Operations | 40 | $337,227 | |
Gavin Farry SVP Operations & CFO | Officer | 40 | $302,668 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Convention Management Services | 6/29/20 | $5,431,542 |
Inxpo Video Communication And Digital Broadcas | 6/29/20 | $692,174 |
Daniel J Edelman Inc Marketing And Advertising Services | 6/29/20 | $1,448,148 |
Event Transportation Systems Event Transportation Services | 6/29/20 | $595,387 |
Softchoice Corp Technology Services And Solutions | 6/29/20 | $436,671 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,618,997 |
| Investment income | $139,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,232 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,054,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,043,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,662,081 |
| Pension plan accruals and contributions | $807,344 |
| Other employee benefits | $1,054,682 |
| Payroll taxes | $1,454,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $971,785 |
| Fees for services: Accounting | $81,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | -$31,002 |
| Fees for services: Other | $11,532,241 |
| Advertising and promotion | $1,219,046 |
| Office expenses | $119,917 |
| Information technology | $3,913,485 |
| Royalties | $293,356 |
| Occupancy | $1,116,823 |
| Travel | $53,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $422,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,119,596 |
| Insurance | $111,341 |
| All other expenses | -$300,206 |
| Total functional expenses | $47,160,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,774,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,092,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,455,905 |
| Net Land, buildings, and equipment | $3,238,158 |
| Investments—publicly traded securities | $26,289,249 |
| Investments—other securities | $0 |
| Investments—program-related | $161,666 |
| Intangible assets | $9,407,401 |
| Other assets | $5,303,361 |
| Total assets | $52,722,997 |
| Accounts payable and accrued expenses | $9,333,528 |
| Grants payable | $0 |
| Deferred revenue | $39,102,760 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,490,000 |
| Other liabilities | $11,261,244 |
| Total liabilities | $61,187,532 |
| Net assets without donor restrictions | -$8,860,301 |
| Net assets with donor restrictions | $395,766 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,722,997 |