Pulmonary Hypertension Association Inc.

“Some emeritus trustees have a family relationship with one another, but do not have voting rights. Pat paton and judy simpson are sisters and founding directors of pha.”

“Pulmonary hypertension association is a membership organization.”

“We set a special meeting (via conference call) for our audit committee to review it with the cpa firm that conducts our annual audit and prepares form 990.”

“Directors are required to submit a conflict of interest disclosure statement on an annual basis.”

“CEO COMPENSATION: The Executive Committee, of the Board of Trustees, worked with an external recruiting firm, who conducted a comparison of President/CEO compensation among like organizations to determine the appropriate salary for the newly hired President/CEO. STAFF COMPENSATION: HR utilizes compensation consultants, market data, compensation surveys, and performance reviews, to determine annual increases for staff at all levels.”

“Our financial statements are available to the public on our website, through charity navigator, and by request.”

“other PROFESSIONAL FEES: Program service expenses 165,630. Management and general expenses 801. Fundraising expenses 1,928. Total expenses 168,359. mailing list: Program service expenses 9,277. Management and general expenses 45. Fundraising expenses 108. Total expenses 9,430. printing services: Program service expenses 60,285. Management and general expenses 291. Fundraising expenses 702. Total expenses 61,278. financial services: Program service expenses 11,593. Management and general expenses 56. Fundraising expenses 135. Total expenses 11,784. recruiting: Program service expenses 50,101. Management and general expenses 242. Fundraising expenses 583. Total expenses 50,926. research: Program service expenses 18,692. Management and general expenses 90. Fundraising expenses 218. Total expenses 19,000. system maintenance: Program service expenses 44,998. Management and general expenses 217. Fundraising expenses 524. Total expenses 45,739. integrated resource planning: Program service expenses 93,022. Management and general expenses 449. Fundraising expenses 1,083. Total expenses 94,554. webinar services: Program service expenses 2,991. Management and general expenses 14. Fundraising expenses 35. Total expenses 3,040. medical equpiment supplier: Program service expenses 1,299,654. Management and general expenses 6,275. Fundraising expenses 15,132. Total expenses 1,321,061. editorial services: Program service expenses 47,665. Management and general expenses 230. Fundraising expenses 555. Total expenses 48,450. software services: Program service expenses 33,903. Management and general expenses 164. Fundraising expenses 395. Total expenses 34,462. language translator: Program service expenses 1,552. Management and general expenses 7. Fundraising expenses 18. Total expenses 1,577. professional education: Program service expenses 11,282. Management and general expenses 54. Fundraising expenses 131. Total expenses 11,467. photography: Program service expenses 5,903. Management and general expenses 28. Fundraising expenses 69. Total expenses 6,000. web development: Program service expenses 37,876. Management and general expenses 183. Fundraising expenses 441. Total expenses 38,500. temporary staffing: Program service expenses 263,023. Management and general expenses 1,270. Fundraising expenses 3,062. Total expenses 267,355. media services: Program service expenses 19,582. Management and general expenses 95. Fundraising expenses 228. Total expenses 19,905. program management: Program service expenses 34,806. Management and general expenses 168. Fundraising expenses 405. Total expenses 35,379.”

“restatement adjustment for prior years -28,500.”

“the process has not changed from the prior year.”

“In June 2016, PHA underwent a change in leadership, appointing a new president and CEO. After a subsequent comprehensive and detailed financial analysis and review of PHA operations, a significant 2016 operating loss (approximately $2.5 million) was projected for both PHA and PHCC, Inc. Management presented the PHA Board of Trustees with an expense reduction plan to be executed in Q4 2016 that would minimize additional losses in 2016, establish a more realistic budget that brings expenses in line with expected revenue, and improve cash flow going forward. The 2016 Board-approved expense reduction plan included an approximately 25% reduction in overall expenses, including a 36% reduction in staff FTE. The largest staff eliminations were made to the Chapters program, which was closed; while additional smaller reductions were made to un-funded or under-funded programs and administrative units.”