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Virginia · Nonprofit

PARAGON HEALTH INSTITUTE

PARAGON HEALTH INSTITUTE (Virginia) receives grants from 10 organizations whose IRS filings report $9,047,115 to it, the largest being THE SEMINAR NETWORK INC ($5,620,275). 5 of them have funded it in more than one year.

Revenue FY2025
$3.1M
Funders on record
10
Grants received
$9.0M
Net assets
$5.3M
5/10 repeat funderspeak grant-dependency 100%
01What it does

What Paragon Health Institute does

Mission

The organization is a health policy research institute that aims to educate policymakers and inform the public through evidence-based research, economic analysis, and data. The institute aims to improve health policy by empowering patients, expanding competition, increasing innovation, and reforming government programs.

As stated on its FY2025 Form 990.

Program

  1. Paragon conducts research on a variety of issues concerning health policy, notably medicaid, medicare, private health, and public health. The organization's work is produced in many different formats, including printed and digital research papers, social media, infographics, and website posts. Paragon's experts also educate audiences via appearances on tv and radio, and during in-person and virtual briefings, lectures, panels, and testimonies.

    $2,738,405 spentof which $12,500 as grants
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $2,738,405.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($2.0M) Expenses 100 ($205k) Net assets 100 ($1.7M)2022 Revenue 207 ($4.0M) Expenses 793 ($1.6M) Net assets 239 ($4.2M)2023 Revenue 107 ($2.1M) Expenses 1167 ($2.4M) Net assets 222 ($3.9M)2024 Revenue 224 ($4.4M) Expenses 1379 ($2.8M) Net assets 310 ($5.4M)2025 Revenue 158 ($3.1M) Expenses 1574 ($3.2M) Net assets 302 ($5.3M)
20212022202320242025
Revenue (158)Expenses (1574)Net assets (302)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.8M to $4.2M (+135%).

$1.8M
$4.2M
$3.9M
$5.6M
$5.4M
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

93% of PARAGON HEALTH INSTITUTE’s revenue is contributions — more reliant on donations than three-quarters of its peers (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$1.7M
’21
$2.4M
’22
−$304k
’23
$1.5M
’24
−$139k
’25
2.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Joseph Grogan

Board chair

As listed on its FY2025 Form 990.

20212022202320242025
Listed88111012
Joined·+1+4+1+4
No longer listed·1122
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $2.0M → $2.0M.

2 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of PARAGON HEALTH INSTITUTE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PARAGON HEALTH INSTITUTE leans on a few funders — its largest provides 62% of grant income and the top three 89%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PARAGON HEALTH INSTITUTE.

62%
largest funder
89%
top three
~2
effective funders

Largest funder’s share by year: 2021 100% · 2022 86% · 2023 85% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

66% of PARAGON HEALTH INSTITUTE's grant income comes from Virginia funders.

WI
OH
PA
NJ
VA
NC
TX

In-state vs out-of-state, by year

’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $550k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PARAGON HEALTH INSTITUTE has grown faster than half of the 4,665 health nonprofits its size.

Operating margin−5% · bottom quartile
Months of reserve2.4mo · below the median
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 4,665 health nonprofits $1M–$10M, FY2025

Organizations like PARAGON HEALTH INSTITUTE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 11%Fundraising 4%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 39 states

AK
ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
NV
OH
PA
NJ
CT
RI
CA
UT
CO
MO
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
HI
OK
LA
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for PARAGON HEALTH INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PARAGON HEALTH INSTITUTE?
PARAGON HEALTH INSTITUTE (Virginia) receives grants from 10 organizations whose IRS filings report $9,047,115 to it, the largest being THE SEMINAR NETWORK INC ($5,620,275). 5 of them have funded it in more than one year.
How many funders does PARAGON HEALTH INSTITUTE have?
IRS filings report 10 organizations giving $9,047,115 in grants to PARAGON HEALTH INSTITUTE, 5 of which have funded it in more than one year.
Who is the largest funder of PARAGON HEALTH INSTITUTE?
THE SEMINAR NETWORK INC is the largest funder on record, with $5,620,275 in grants. The full list of funders is on this page.
How can an organization like PARAGON HEALTH INSTITUTE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing