Pulmonary Hypertension Association, Inc.
Statements of Financial Position
December 31, 2002 and 2001
						2002		2001
Assets
Current assets
	Cash and cash equivalents					$      231,377		$      286,317
	Contributions receivable					39,746		5,000
	Interest receivable					4,175		-
	Prepaid expenses and other assets					5,379		8,239
			Total current assets			280,677		299,556
Investment - at fair value						1,201,189		884,358
Equipment and leasehold improvements						95,771		81,319
Other assets						10,381		-
				Total assets		$   1,588,018		$   1,265,233
Liabilities and Net Assets
Current liabilities
	Accounts payable					$        64,277		$        10,010
	Accrued payroll and payroll taxes					8,027		495
	Grants payable					241,551		52,500
			Total current liabilities			313,855		63,005
Net assets
	Unrestricted
		Available for operations				376,439		154,587
		Expended on equipment and leasehold improvements				95,771		81,319
			Total unrestricted			472,210		235,906
	Temporarily restricted					801,953		966,322
			Total net assets			1,274,163		1,202,228
				Total liabilities and net assets		$   1,588,018		$   1,265,233
				See accompanying notes to financial statements.