WARREN WILSON COLLEGE

EIN: 560767736 501(c)(3) Education

ASHEVILLE, NC

Total Revenue
$44,477,604
Total Expenses
$49,734,481
Total Assets
$103,554,057
Net Assets
$82,192,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
NC
Principal Officer
DR DAMIAN J FERNANDEZ
Phone
8282983325
Tax Period
2022-07-01 to 2023-06-30

WARREN WILSON COLLEGE, founded in 1962, is a mid-sized nonprofit in the Education sector that reported $44.5M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $49.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

WARREN WILSON COLLEGE'S DISTINCTIVE APPROACH TO EDUCATION (CONTINUED ON SCHEDULE O) INTENTIONALLY INTEGRATES ACADEMICS, WORK, AND COMMUNITY ENGAGEMENT TO CULTIVATE CURIOSITY, EMPATHY, AND INTEGRITY. WE EMPOWER GRADUATES TO PURSUE MEANINGFUL CAREERS AND LEAD PURPOSEFUL LIVES DEDICATED TO A JUST, EQUITABLE, AND SUSTAINABLE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,809,477
Program Service Revenue $36,175,195
Investment Income $2,467,188
Other Revenue $25,744
TOTAL REVENUE $44,477,604

Expense Breakdown

Grants Paid $17,562,350
Salaries & Benefits $16,687,907
Fundraising Expenses $629,605
Program Expenses $43,379,271
Other Expenses $15,484,224
TOTAL EXPENSES $49,734,481

Year-over-Year Comparison

2022 2021 Change
Revenue $44,477,604 $50,895,814 -0.1%
Expenses $49,734,481 $47,256,988 +0.1%
Net Income $-5,256,877 $3,638,826 -2.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
31
Employees
1179
Volunteers
31

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
14
$878,620
Total Directors
35
$432,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
F LACHICOTTE ZEMP JR CHAIR 1.00
Officer Director
$0 $0 $0
JEAN WRIGHT VEILLEUX VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID W GREENFIELD SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM A LARAMEE TREASURER 1.00
Officer Director
$0 $0 $0
AMY FREY AGER TRUSTEE 1.00
Officer Director
$0 $0 $0
H ROSS III ARNOLD TRUSTEE 1.00
Director
$0 $0 $0
CARMEN CASTALDI TRUSTEE 1.00
Director
$0 $0 $0
JESSICA L CULPEPPER TRUSTEE 1.00
Director
$0 $0 $0
JESSE C FRIPP TRUSTEE 1.00
Director
$0 $0 $0
NATHAN L GAZAWAY TRUSTEE 1.00
Director
$0 $0 $0
CARLA H GREENFIELD TRUSTEE 1.00
Director
$0 $0 $0
DAVID W GREENFIELD TRUSTEE 1.00
Director
$0 $0 $0
SUELLEN A HUDSON TRUSTEE 1.00
Director
$0 $0 $0
LATONYA CHAVIS KEENER TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN R KEENER TRUSTEE 1.00
Director
$0 $0 $0
DR WILLIAM A LARAMEE TRUSTEE 1.00
Director
$0 $0 $0
DR ANNE GRAHAM MASTERS TRUSTEE 1.00
Director
$0 $0 $0
MUIRURI MUR K MUCHANE TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY T PERKINS TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH L REAMER TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY S RUST TRUSTEE 1.00
Director
$0 $0 $0
DR GEORGE ANDREW SCOTT TRUSTEE 1.00
Director
$0 $0 $0
DR DAVID E SHI TRUSTEE 1.00
Director
$0 $0 $0
JEAN WRIGHT VEILLEUX TRUSTEE 1.00
Director
$0 $0 $0
LUCY M WHEELER TRUSTEE 1.00
Director
$0 $0 $0
JOEL B ADAMS JR EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
RONALD F HUNT EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
PATRICK MC MCKENZIE EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
ARIA B HANSEN EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
REV DR KEVIN E FREDERICK EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
ERIN P WORTHY EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
DAMIAN FERNANDEZ PRESIDENT 1.00
Officer Director
$45,178 $862 $46,040
WILLIAM H CHRISTY TERM 61523 INTERIM PRESIDENT 40.00
Officer Director
$213,157 $3,113 $216,270
CANDACE E TAYLOR ASS PROF OF THEATRE/ARTISTIC DIRECTOR OF WWC 40.00
Director
$60,457 $8,950 $69,407
CLARENCE L TATE JR EX-OFFICIO/DIRECTOR OF FMTS 40.00
Director
$89,780 $11,473 $101,253
BELINDA BURKE TERM 81222 VP FOR ADMIN AND FINANCE, CFO 40.00
Officer
$30,221 $1,436 $31,657
ALAN RUSSELL INTERIM VP FOR ADMIN AND FINANCE, CFO 40.00
Officer
$147,297 $2,476 $149,773
VENETTA SMITH DEAN OF STUDENTS 40.00
Officer
$69,570 $30,742 $100,312
BRIAN LIECHTI TERM 72222 VP OF ENROLLMENT AND MARKETING/DIRECTOR OF SUSTAIN 40.00
Officer
$8,925 $6,211 $15,136
ROBERT NESMITH VP OF ENROLLMENT, MARKETING & FINANCIAL AID 40.00
Officer
$41,624 $6,015 $47,639
JOHN WEDDELL ROBERTS PROVOST AND DEAN OF THE FACULTY 40.00
Officer
$174,059 $17,100 $191,159
MICIAH YEHUDA DIRECTOR OF DEI INITIATIVES 40.00
Officer
$73,241 $7,393 $80,634
LYNN M MORTON TERM 52722 FORMER PRESIDENT 40.00
$130,299 $3,312 $133,611
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $44,477,604 $49,734,481 $103,554,057 $-5,256,877
2022 $50,895,814 $47,256,988 $106,662,699 $3,638,826
2021 $40,910,763 $41,457,479 $113,155,084 $-546,716
2020 $40,567,848 $42,328,622 $103,027,241 $-1,760,774
2019 $38,593,260 $40,516,684 $102,390,809 $-1,923,424
2018 $35,537,966 $36,795,653 $103,083,557 $-1,257,687
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