Civic Intelligence

The Pulmonary Hypertension

EIN 65-0880021 • 501(c)3 • Washington, DC

Profile

To extend and improve the lives of those affected by pulmonary hypertension (ph).

1121 14th Street NW 150Washington, DC 20005

phassociation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.14x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.40x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

24th percentile

-4.8%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$286,096

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

7.7%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,745,734

Up $220,491 (+0.9%) from 2023

Liabilities

Down

$3,409,576

Down $213,729 (-5.9%) from 2023

Net Assets

Up

$21,336,158

Up $434,220 (+2.1%) from 2023

Revenue

Up

$8,460,561

Up $607,204 (+7.7%) from 2023

Expenses

Up

$8,868,474

Up $1,396,796 (+19%) from 2023

Net Income

Down

-$407,913

Down $789,592 (-207%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $14,366,401Liabilities 2011: $1,513,448Net Assets 2011: $12,852,9532011Assets 2012: $14,110,901Liabilities 2012: $798,568Net Assets 2012: $13,312,3332012Assets 2013: $16,652,235Liabilities 2013: $1,095,579Net Assets 2013: $15,556,6562013Assets 2014: $17,335,225Liabilities 2014: $1,386,050Net Assets 2014: $15,949,1752014Assets 2015: $17,279,451Liabilities 2015: $1,326,605Net Assets 2015: $15,952,8462015Assets 2016: $16,541,589Liabilities 2016: $2,505,388Net Assets 2016: $14,036,2012016Assets 2017: $18,836,065Liabilities 2017: $2,421,357Net Assets 2017: $16,414,7082017Assets 2018: $17,192,350Liabilities 2018: $1,676,459Net Assets 2018: $15,515,8912018Assets 2019: $19,962,681Liabilities 2019: $1,465,428Net Assets 2019: $18,497,2532019Assets 2020: $20,654,904Liabilities 2020: $1,411,224Net Assets 2020: $19,243,6802020Assets 2021: $23,595,469Liabilities 2021: $1,918,781Net Assets 2021: $21,676,6882021Assets 2022: $22,639,344Liabilities 2022: $3,605,287Net Assets 2022: $19,034,0572022Assets 2023: $24,525,243Liabilities 2023: $3,623,305Net Assets 2023: $20,901,9382023Assets 2024: $24,745,734Liabilities 2024: $3,409,576Net Assets 2024: $21,336,1582024

Highlighted filing

2024

Assets$24,745,734
Liabilities$3,409,576
Net Assets$21,336,158

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,762,2772011Expenses 2012: $8,282,8162012Revenue 2013: $9,953,015Expenses 2013: $7,925,169Net Income 2013: $2,027,8462013Revenue 2014: $11,504,905Expenses 2014: $9,743,169Net Income 2014: $1,761,7362014Revenue 2015: $9,931,476Expenses 2015: $9,997,543Net Income 2015: -$66,0672015Revenue 2016: $8,863,987Expenses 2016: $11,135,814Net Income 2016: -$2,271,8272016Revenue 2017: $8,646,134Expenses 2017: $7,615,507Net Income 2017: $1,030,6272017Revenue 2018: $7,024,047Expenses 2018: $7,471,134Net Income 2018: -$447,0872018Revenue 2019: $7,865,980Expenses 2019: $6,116,064Net Income 2019: $1,749,9162019Revenue 2020: $4,744,900Expenses 2020: $4,785,935Net Income 2020: -$41,0352020Revenue 2021: $6,905,835Expenses 2021: $5,251,835Net Income 2021: $1,654,0002021Revenue 2022: $6,298,792Expenses 2022: $6,357,695Net Income 2022: -$58,9032022Revenue 2023: $7,853,357Expenses 2023: $7,471,678Net Income 2023: $381,6792023Revenue 2024: $8,460,561Expenses 2024: $8,868,474Net Income 2024: -$407,9132024

Highlighted filing

2024

Revenue$8,460,561
Expenses$8,868,474
Net Income-$407,913

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.7$3.41$21.3$8.46$8.87$0.41
2023Detailed filing. Detailed filing data is available for this year.$24.5$3.62$20.9$7.85$7.47$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$3.61$19.0$6.30$6.36$0.06
2021Detailed filing. Detailed filing data is available for this year.$23.6$1.92$21.7$6.91$5.25$1.65
2020Detailed filing. Detailed filing data is available for this year.$20.7$1.41$19.2$4.74$4.79$0.04
2019Detailed filing. Detailed filing data is available for this year.$20.0$1.47$18.5$7.87$6.12$1.75
2018Detailed filing. Detailed filing data is available for this year.$17.2$1.68$15.5$7.02$7.47$0.45
2017Detailed filing. Detailed filing data is available for this year.$18.8$2.42$16.4$8.65$7.62$1.03
2016Detailed filing. Detailed filing data is available for this year.$16.5$2.51$14.0$8.86$11.1$2.27
2015Detailed filing. Detailed filing data is available for this year.$17.3$1.33$16.0$9.93$10.00$0.07
2014Detailed filing. Detailed filing data is available for this year.$17.3$1.39$15.9$11.5$9.74$1.76
2013Detailed filing. Detailed filing data is available for this year.$16.7$1.10$15.6$9.95$7.93$2.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$0.80$13.3$8.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.51$12.9$7.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$12,641,418
Mission and Program Overview

Mission

To seek a cure for pulmonary hypertension and to provide hope for the pulmonary hypertension community through support, education, advocacy, and awareness.

To extend and improve the lives of those affected by pulmonary hypertension (ph).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,676,539$17,558,674▼ $1,117,865
Investments Other Securities$223,812$2,233,986▲ $2,010,174
Pledges and Grants Receivable$1,160,864$1,656,606▲ $495,742
Land, Buildings, and Equipment, Net$593,935$798,736▲ $204,801
Cash and Non-Interest-Bearing Accounts$1,898,517$677,754▼ $1,220,763
Prepaid Expenses and Deferred Charges$234,162$251,296▲ $17,134
Accounts Receivable$82,979$80,691▼ $2,288
Savings and Temporary Cash Investments$128,777$1,708▼ $127,069
Total Assets$24,525,243$24,745,734▲ $220,491
Other Assets Total$1,525,658$1,486,283▼ $39,375
Liabilities
Other Liabilities$2,203,289$2,014,516▼ $188,773
Accounts Payable and Accrued Expenses$770,321$744,960▼ $25,361
Deferred Revenue$649,695$650,100▲ $405
Total Liabilities$3,623,305$3,409,576▼ $213,729
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,502,588$12,763,872▲ $1,261,284
Net Assets Without Donor Restrictions$9,399,350$8,572,286▼ $827,064
Total Net Assets Fund Balance$20,901,938$21,336,158▲ $434,220
Total Liabilities and Net Assets / Fund Balance$24,525,243$24,745,734▲ $220,491

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$437,100$359,167$796,267
Equipment$361,636$403,403$765,039
Other Assets Org$88,149--
Other Securities$2,233,986--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,738,740-▲ $579,833$86,540$4,153,514
2023$3,459,179-▲ $458,180$112,671$3,738,740
2022$4,100,259-▼ $558,605$82,475$3,459,179
2021$3,804,126-▲ $384,602$88,469$4,100,259
2020$3,608,105-▲ $283,878$87,857$3,804,126
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matias GranatoPresident & CEOFT$316,664$13,361$330,025
Kevin HeyenVP - DevelopmentFT$173,311$9,004$182,315
Teresita EspositoVP - Finance & OperationsFT$172,467$9,663$182,130
Elizabeth JoseloffVP - Quality Care & ResearchFT$160,840$18,174$179,014
Katherine KronerVP - Advocacy & Patient EngagementFT$155,813$9,854$165,667
Karen SmaaldersVP - Communications & MarketingFT$148,156$15,223$163,379
Lavina GroverVP - Meetings (thru August)FT$121,263$5,106$126,369

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Cornerstone Medical CommunicationsMedical Education560 SHERWOOD PARKWAY, Westfield, NJ 07090$414,342
The University Of WashingtonProgram Management Services12455 COLLECTIONS DR, Chicago, IL 60693$315,569
Reason One CorpWebsite Design Services334 EAST BAY ST 166, Charleston, SC 29401$173,000
Ensync CorpWebsite Design Services5049 EDWARDS RANCH RD, Fort Worth, TX 76109$144,246
Advanced Solutions IntlMembership Subscription14899 FRYE RD 2ND FLR, Fort Worth, TX 76155$113,833
Revenue and Support

Revenue Composition

Contributions and Grants
$5,831,537
Program Service Revenue
$1,318,127
Investment Income
$998,508
Other Revenue
$312,389
All Other Contributions
$5,480,800
Change in Net Assets
$-407,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,606,683
Revenue Not Reported on Financial Statements
$-146,122
Revenue Not Reported on Form 990
$763,614
Other Revenue Adjustments
$-146,122
Total Revenue per Audited Statements
$9,370,297
Total Revenue per Form 990
$8,460,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,388,890
Salaries, Compensation, and Employee Benefits$4,169,584
Total Fundraising Expense$928,455
Grants and Similar Amounts Paid$310,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,005,197$601,028$445,099$3,051,324
Conferences and Meetings$1,163,632$36,125$59,735$1,259,492
Fees for Services Other$541,174$69,107$4,699$614,980
Current Officers, Directors, Trustees, and Key Employees$337,122$100,286$74,747$512,155
Information Technology$105,969$297,186$50,315$453,470
Office Expenses$186,093$63,091$69,843$319,027
Grants to Domestic Individuals$310,000--$310,000
Other Employee Benefits$175,282$43,451$37,894$256,627
Payroll Taxes$168,778$48,181$37,497$254,456
Occupancy$148,819$57,610$36,856$243,285
Travel$100,741$42,894$37,094$180,729
Depreciation Depletion-$105,425-$105,425
Pension Plan Contributions$64,902$16,089$14,031$95,022
Advertising$77,460-$2,269$79,729
Fees for Service Investment Mgmnt Fees-$78,519-$78,519
Fees for Services Lobbying$47,832--$47,832
Insurance-$24,887-$24,887
Fees for Services Accounting-$24,624-$24,624
All Other Expenses$118$17,283$7$17,408
Other Expenses$5,717$1,704$8,592$16,013
Fees for Services Legal-$3,704-$3,704
Total Functional Expenses$6,308,713$1,631,306$928,455$8,868,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,936,077
Total Expenses per Form 990$8,868,474
Expenses per Audited Statements$8,789,955
Expenses Not Reported on Form 990$146,122
Expenses Not Reported on Financial Statements$78,519
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$133,606
Fundraising Gross Income$27,620
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Philly O2breathe$44,513-$7,823-
Driving Fore a Cure$109,730$13,800$21,426$-7,626
Total Events$378,357$27,620$133,606$-105,986
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$2,014,516
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance and audit committee reviews the form 990 with the cpa firm prior to filing and provides form 990 to the full board for review.

Form 990, Part VI, Section B, Line 12C

Directors are required to submit a conflict of interest disclosure statement on an annual basis. The association requires any actual or potential conflicts of interest to be disclosed to human resources. If an actual or potential conlict of interest is determined to exist, the association will take such steps as it deems necessary to appropriately address the conflict.

Form 990, Part VI, Section B, Line 15

The executive committee, of the board of trustees, works with an external recruiting firm, who conducts a comparison of president/ceo compensation amount like organizations to determine the appropriate salary for the president/ceo. Human resources utilizes compensation consultants, market data, compensation surveys, and performance review to determine annual increases for all employees.

Form 990, Part VI, Section C, Line 19

The association's financial statements and 990 are available to the public on the association's website and by public request.

Filing and Contact Details

Filer

Filer Name
The Pulmonary Hypertension
EIN
65-0880021
Phone
3015653004
Address
1121 14TH STREET NW 150, WASHINGTON, DC 20005

Signing Officer

Name
Matias Granato
Title
President and CEO
Phone
3015653004
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matias Granato
Formed
1998
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
4,200

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

The pulmonary hypertension association, inc. Leases employees from a professional employment organization, extensis vi, llc. The employees are considered common law employees of the pulmonary hypertension association, inc., however, extensis vi, llc is the employer of record and employees get their w2s from extensis vi, llc.

Financial Statement Notes

PART V, LINE 4:

The association's endowment is a donor-restricted fund established to support research, scholarships, and support groups for those affected by pulmonary hypertension.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment management fees reported on form 990, part ix, line 11f -78,519.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct expenses reported on form 990, part viii, line 8b -133,606. Direct expenses reported on form 990, part viii, line 10b -2,234. Direct expenses reported on form 990, part viii, line 6b -10,282.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses reported on form 990, part viii, line 8b 133,606. Direct expenses reported on form 990, part viii, line 10b 2,234. Direct expenses reported on form 990, part viii, line 6b 10,282.

Raw XML AppendixShowing 400 of 922 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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