Pulmonary Hypertension Care Centers Inc

Nonprofit profile at a glance

EIN: 811030889
IRS 990 coverage: 2017–2022
Forms available: Form 990 2022, Form 990-T 2020
Location: Washington, DC, USA
Phone: 3015653004
Rating: 73
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Single Organization Support

Reported finances

Revenue: $653,851
Expenses: $683,626
Assets: $0
Liabilities: $0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

MATT GRANATO (PRESIDENT AND CEO)

Highest reported compensation

MATT GRANATO (PRESIDENT AND CEO): $286,096 total reported compensation
TESS ESPOSITO (VP - FINANCE): $164,748 total reported compensation
ELIZABETH JOSELOFF (VP - QUALITY CARE & RESEAR): $157,926 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To establish a program of accredited centers with expertise in pulmonary hypertension to improve overall quality of care and long-term outcomes of patients with this life threatening disease.

What it reported doing in 2022

Pulmonary hypertension association registry (phar): accredited phcc's have an opportunity to participate in phar as both a quality improvement process and a research activity. A patient registry is an organized system that collects data to evaluate certain outcomes for a population of people with a medical condition and is a useful tool for quality improvement of care and for research of rare diseases such as ph. Phar collects data from who group 1 ph (pulmonary arterial hypertensionpah) and who group 4 ph (chronic thromboembolic pulmonary hypertensioncteph) who are starting evaluation and/or treatment at an accredited phcc. Data is collected in conjunction with routine ph care team visits approximately every 3-6 months. At the end of 2022, there were 68 centers participating and 12,323 patients ever enrolled in phar.

Operating model

Revenue model: Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 79
Transparency & Controls: 68
Accountability: 91
Sustainability: 17
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 90%; rating input score 90
Program expense ratio: 86.1%; rating input score 86
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: -4.6%; rating input score 26; 26th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 8.3%; rating input score 42; 42nd percentile among comparable filings

Growth

Program expense growth: 8% per year; rating input score 100; 60th percentile among comparable filings
Revenue growth: -3.1% per year; rating input score 0; 9th percentile among comparable filings
Asset growth: -35.4% per year; rating input score 0; 1st percentile among comparable filings

Details

Where the money goes: 90% of revenue deployed · 86.1% of spending went to programs
Governance: 8 of 8 board members independent · 7 of 9 filing controls reported
Programs: 2 filed program accomplishments · $589K in reported program spending
Leadership: top reported pay $286K · 14 people listed · 0 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $279K reported
Consistency: 21 of 21 current checks pass
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 5 filing years from 2017 to 2022
Contacts: How to reach this organization
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 26/100.
Review — Accountability: Governance controls: 2 of 9 not reported.
High — Sustainability: Total-asset coverage ratio scored 0/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Officer compensation ratio scored 42/100.