WATTS COLLEGE OF NURSING INC

EIN: 833076664 501(c)(3) Education

DURHAM, NC

Total Revenue
$2,748,360
Total Expenses
$4,167,537
Total Assets
$19,927
Net Assets
$-469,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NC
Principal Officer
YOLANDA NEAL
Phone
9196842006
Tax Period
2024-07-01 to 2025-06-30

WATTS COLLEGE OF NURSING INC, founded in 2018, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $4.2M exceeded revenue, resulting in a 52% operating deficit.

Mission

WATTS COLLEGE OF NURSING, INC. SUPPORTS DUKE UNIVERSITY HEALTH SYSTEM, INC. BY PROVIDING A SUPERIOR EDUCATION THAT MEETS THE CHANGING NEEDS OF STUDENTS, HEALTH CARE CONSUMERS, AND THE NURSING PROFESSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,550
Program Service Revenue $2,741,810
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,748,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,037
Fundraising Expenses $2,030
Program Expenses $2,638,745
Other Expenses $3,964,500
TOTAL EXPENSES $4,167,537

Year-over-Year Comparison

2024 2023 Change
Revenue $2,748,360 $2,807,251 0.0%
Expenses $4,167,537 $4,029,609 +0.0%
Net Income $-1,419,177 $-1,222,358 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
4
$1,787,104
Total Directors
7
$4,292,389
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA BRANDON DIRECTOR 0.10
Director
$0 $74,213 $981,269
YOLANDA NEAL DIRECTOR/PRESIDENT 40.00
Officer Director
$144,782 $33,187 $177,969
DEVDUTTA SANGVAI MD PART YEAR DIRECTOR/VICE PRESIDENT 0.10
Officer Director
$0 $181,170 $818,221
LEIGH BLEECKER DIRECTOR/TREASURER 0.10
Officer Director
$0 $57,054 $597,022
TERRY MCDONNELL DIRECTOR 0.10
Director
$0 $71,308 $746,788
PRISCILLA RAMSEUR DIRECTOR 0.10
Director
$0 $51,809 $433,791
JASON CARTER PART YEAR DIRECTOR 0.10
Director
$0 $79,671 $537,329
CANDACE GENTRY SECRETARY 0.10
Officer
$0 $38,234 $193,892
MARY ANN FUCHS FORMER OFFICER 0.00
$0 $13,289 $116,152
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 $2,748,360 $4,167,537 $19,927 $-1,419,177
2024 No data No data No data No data
2023 $3,351,347 $3,753,406 $253,154 $-402,059
2022 $3,516,582 $3,448,490 $94,536 $68,092
2021 $1,750,259 $2,234,260 $19,579 $-484,001
2020 $159,802 $1,183,444 $9,701 $-1,023,642
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