WATTS HEALTHCARE CORPORATION

EIN: 753046480 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$36,937,251
Total Expenses
$38,105,438
Total Assets
$34,588,116
Net Assets
$20,927,888
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
BARRETT HATCHES PHD
Phone
3235683093
Tax Period
2023-01-01 to 2023-12-31

WATTS HEALTHCARE CORPORATION, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $36.9M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO OPERATE A MEDICAL CLINICS AND SHALL PROMOTE HEALTH AND OTHER PROGRAMS WITHIN THE CITY OF LOS ANGELES AND THE IMMEDIATELY SURROUNDING AREAS.

Program Service Accomplishments

Program 1
Expenses: $22,014,836 Revenue: $19,786,030

WATTS HEALTHCARE CORPORATION PROVIDES PRIMARY CARE PROGRAM SERVICES UNDER THE FEDERAL HRSA GRANT SECTION 330 OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THROUGH THIS PROGRAM WITH ADDED STATE...

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WATTS HEALTHCARE CORPORATION PROVIDES PRIMARY CARE PROGRAM SERVICES UNDER THE FEDERAL HRSA GRANT SECTION 330 OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THROUGH THIS PROGRAM WITH ADDED STATE MEDI-CAL REVENUE AND FEDERAL FUNDING SUCH AS MEDICARE, WHCC PROVIDES PRIMARY MEDICAL CARE, DENTAL SERVICES, BEHAVIORAL HEALTH AND SPECIALTY SERVICES SUCH AS PODIATRY, OPTHALMOLOGY, AND OPTOMETRY. TOTAL NUMBER OF PATIENTS SERVED WERE AS FOLLOWS:MEDICAL SERVICES: 31,525 CLINIC VISITS AND 9,068 VIRTUAL VISITS.DENTAL SERVICES: 14,032 CLINIC VISITS.

Program 2
Expenses: $3,405,294

WIC PROGRAM - WATTS HEALTHCARE CORPORATION OFFERS WIC SERVICES IN FIVE LOCATIONS IN LOS ANGELES, COMPTON, AND HUNTINGTON PARK. WIC IS THE WOMEN, INFANTS AND CHILDREN (WIC) SUPPLEMENTAL NUTRITION...

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WIC PROGRAM - WATTS HEALTHCARE CORPORATION OFFERS WIC SERVICES IN FIVE LOCATIONS IN LOS ANGELES, COMPTON, AND HUNTINGTON PARK. WIC IS THE WOMEN, INFANTS AND CHILDREN (WIC) SUPPLEMENTAL NUTRITION PROGRAM WHICH SERVES LOW INCOME PREGNANT, BREASTFEEDING, AND POSTPARTUM WOMEN AND CHILDREN UNDER AGE FIVE WHO HAVE A NUTRITIONAL NEED. WIC IS A FEDERALLY FUNDED PROGRAM AND IS ADMINISTERED BY THE CALIFORNIA DEPARTMENT OF HEALTH SERVICES.WIC SERVICES ARE AVAILABLE TO ANYONE WHO LIVES IN CALIFORNIA AND MEETS THE PROGRAM GUIDELINES REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, RELIGION, AGE, DISABILITY OR IMMIGRATION STATUS. WOMEN ARE ENCOURAGED TO ENROLL INTO WIC AS SOON AS THEY LEARN THEY ARE PREGNANT.THE GOALS OF THE WIC PROGRAM ARE: - TO DECREASE THE COMPLICATIONS OF PREGNANCY; - TO PREVENT LOW BIRTH WEIGHT BABIES; - TO DECREASE IRON DEFICIENCY ANEMIA; AND - TO PROMOTE OPTIMUM GROWTH AND DEVELOPMENT OF INFANTS AND YOUNG CHILDREN.WIC PROGRAM SERVICES INCLUDE: - WIC BENEFITS FOR NUTRITIOUS FOODS, - NUTRITION EDUCATION - BREASTFEEDING EDUCATION AND SUPPORT - REFERRALS TO HEALTH CARE AND OTHER COMMUNITY SERVICES.TOTAL NUMBER OF FAMILIES SERVED DURING 2023 IS 9,741.

Program 3
Expenses: $3,826,372

WATTS HEALTHCARE CORP INC HOUSE OF UHURU IS A RESIDENTIAL AND OUT-PATIENT SUBSTANCE USE DISORDER PROGRAM CENTER LOCATED AT 8005 SOUTH FIGUEROA STREET IN THE 90003 ZIP CODE IN LOS ANGELES, CA. SOME OF...

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WATTS HEALTHCARE CORP INC HOUSE OF UHURU IS A RESIDENTIAL AND OUT-PATIENT SUBSTANCE USE DISORDER PROGRAM CENTER LOCATED AT 8005 SOUTH FIGUEROA STREET IN THE 90003 ZIP CODE IN LOS ANGELES, CA. SOME OF THE TREATMENT APPROACHES USED INCLUDE RATIONAL EMOTIVE BEHAVIORAL THERAPY, AND THE 12-STEP REHAB AND TRAUMA COUNSELING. THE CENTER PROVIDES LONG-TERM REHAB, INTENSIVE OUT-PATIENT TREATMENT PROGRAMS AND REGULAR OUT-PATIENT TREATMENT. THE CENTER ALSO PROVIDES INPATIENT TREATMENT FOR DRUG/ALCOHOL ADDICTION, MENTAL HEALTH DIAGNOSIS, AND RESIDENTIAL SUBSTANCE USE TREATMENT. THE CENTER OPERATES 24/7 AND IS LICENSED FOR 66 BEDS. TOTAL NUMBER OF PATIENTS SERVED IS 1,952 CLINIC VISITS AND 619 VIRTUAL VISITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,996,338
Program Service Revenue $19,786,030
Investment Income $154,883
Other Revenue $0
TOTAL REVENUE $36,937,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,439,101
Fundraising Expenses $44,724
Program Expenses $29,246,502
Other Expenses $15,666,337
TOTAL EXPENSES $38,105,438

Year-over-Year Comparison

2023 2022 Change
Revenue $36,937,251 $39,596,154 -0.1%
Expenses $38,105,438 $36,259,407 +0.1%
Net Income $-1,168,187 $3,336,747 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
338
Volunteers
13

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
8
$532,070
Total Directors
14
$0
Key Employees
6
$1,547,985
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV DR JOE H WALLER BOARD MEMBER 1.00
Director
$0 $0 $0
REV DR TICEY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
DR OSAZUWA OMEDE BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA DANIELS BOARD MEMBER 1.00
Director
$0 $0 $0
GLENN C FORD VICE CHAIR 1.00
Officer Director
$0 $0 $0
SARA HEALEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOAN HUGHES BOARD MEMBER-RESIGNED 1.00
Director
$0 $0 $0
VICTOR CORTEZ BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LILIBETH CASTANEDA SECRETARY 1.00
Officer Director
$0 $0 $0
MATTIE SANDERS TREASURER 1.00
Officer Director
$0 $0 $0
TAMIKA HENRY BOARD MEMBER 1.00
Director
$0 $0 $0
SHANY VELA BOARD MEMBER 1.00
Director
$0 $0 $0
RUDY JAIME BOARD MEMBER 1.00
Director
$0 $0 $0
YOANA ESTRADA BOARD MEMBER 1.00
Director
$0 $0 $0
HAREGEWOIN YOHANNES CHIEF FINANCIAL OFFICER-RETIRED 40.00
Officer
$212,407 $25,636 $238,043
MICHAEL JOHNSON CHIEF EXECUTIVE OFFICER-TERMINATED 40.00
Officer
$78,497 $7,730 $86,227
BARRET HATCHES PHD ACTING CHIEF EXECUTIVE OFFICER 40.00
Officer
$206,131 $0 $206,131
EMMANUEL PARAKATI CHIEF FINANCIAL OFFICER 40.00
Officer
$1,669 $0 $1,669
OLIVER BROOKS CHIEF MEDICAL DIRECTOR 40.00
Key Emp
$315,506 $42,131 $357,637
VILMA GONZALEZ-BARRETO CHIEF PHYSICIAN OB/GYN 40.00
Key Emp
$254,940 $37,765 $292,705
LYNN DEWGARDE CHIEF PHYSICIAN PEDIATRICS 40.00
Key Emp
$227,897 $29,482 $257,379
REGINALD MOORE DIRECTOR OF DENTAL & ENVIR OF CARE 40.00
Key Emp
$212,253 $35,349 $247,602
OLUSHEYI LAWOYIN CHIEF OPERATING OFFICER 40.00
Key Emp
$186,596 $18,521 $205,117
DAWN BERNARD DIRECTOR OF QUALITY 40.00
Key Emp
$162,071 $25,474 $187,545
KHANG HOANG STAFF PHYSICIAN URGENT CARE 40.00
Highest
$219,667 $19,626 $239,293
RUTH YOON STAFF PHYSICIAN PEDIATRICS 40.00
Highest
$210,392 $25,255 $235,647
RACHEL BARANCO STAFF PHSICIAN PEDIATRICS 40.00
Highest
$180,288 $40,589 $220,877
KOSAL SEK PHYSICIAN ASSISTANT 40.00
Highest
$163,005 $8,150 $171,155
ERICA DENLEY STAFF DENTIST 40.00
Highest
$162,225 $8,495 $170,720
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
2024 No data No data No data No data
2023 $36,937,251 $38,105,438 $34,588,116 $-1,168,187
2022 $39,596,154 $36,259,407 $33,455,671 $3,336,747
2021 $39,954,426 $35,665,913 $28,641,562 $4,288,513
2020 $34,089,683 $35,283,925 $30,022,192 $-1,194,242
2019 $39,305,023 $40,478,743 $24,909,403 $-1,173,720
2018 $38,293,807 $38,598,881 $25,806,778 $-305,074
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