Watts College Of Nursing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 159,802 | 1,183,444 | −1,023,642 | -7.6 | 13% |
| 2021 | 1,750,259 | 2,234,260 | −484,001 | -4.1 | 8% |
| 2022 | 3,516,582 | 3,448,490 | 68,092 | -0.4 | 6% |
| 2023 | 3,351,347 | 3,753,406 | −402,059 | -0.4 | 4% |
In its most recent public year (2023), this organization spent $402,059 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -7.6 in 2020. Staff pay was 4% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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