Versiti

Legal name: Versiti Illinois Inc

Nonprofit profile at a glance

EIN
362179768
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2023
Location
Milwaukee, WI, US
Phone
6308927055
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Blood Supply Related

Official website

Reported finances

Revenue
$65,189,416
Expenses
$60,699,227
Assets
$80,358,322
Liabilities
$6,297,546

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • CHRIS MISKEL (PRESIDENT & CEO)

Highest reported compensation

  • CHRIS MISKEL (PRESIDENT & CEO): $1,680,265 total reported compensation
  • BART REUTER (EVP & GENERAL COUNSEL): $927,646 total reported compensation
  • BRIAN BAUTISTA (EVP & CHIEF OPERATING OFFICER): $866,357 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Versiti is a fusion of donors, scientific curiosity and precision medicine that recognizes the gifts of blood and life are precious. We are passionate about improving the lives of patients and helping our healthcare partners thrive.

What it reported doing in 2024

Versiti Illinois recruits volunteer blood donors and collects, processes, and distributes blood products as part of its mission to provide a safe and reliable blood supply for hospitals and healthcare systems across Illinois. Versiti's comprehensive blood inventory includes red blood cells, platelets, plasma, and specialized products designed to meet patient needs. In 2024, versiti Illinois collected total red blood cells and platelets of 142,921, serving 64 hospitals. The organization hosted 2,266 community blood drives, engaging 55,745 volunteer donors who contributed to versiti's lifesaving mission. (continued in schedule o) innovation and community partnerships: during 2024, versiti Illinois participated in the we give blood drive partnership with abbott and the big ten conference during the 2024 football season, encouraging blood donations from university supporters throughout Illinois. Community outreach: as a vital partner in public health, versiti Illinois engaged communities through targeted outreach including the alpha kappa sorority regional conference and blood drive, juneteenth support initiatives, sickle cell disease association of Illinois bike-a-thon, and the #knowscd sickle cell disease awareness campaign. Infrastructure and operations: versiti Illinois operates donor centers and mobile collection units throughout the state to bring donation opportunities directly to communities. Through dedicated volunteer donors and strategic community partnerships, versiti Illinois maintains a robust blood supply that enables hospitals to provide critical care, emergency services, and lifesaving treatments to patients throughout the region. Diagnostic labs: versiti serves patients, physicians, and hospitals across the state by providing clinical diagnostic testing services, including hematology, coagulation, immunohematology, infectious disease, molecular diagnostics, flow cytometry, and reference laboratory services. During 2024, versiti Illinois conducted 23,497 diagnostic testing services for hospitals, physician offices and other reference laboratories.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 78
  • Accountability: 96
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.4%; rating input score 77
  • Program expense ratio: 84.5%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 53.2%; rating input score 53; 11th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.4%; rating input score 94; 46th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.9%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 2.8% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 35th percentile among comparable filings

Details

  • What they do: 3 operating locations identified
  • Where the money goes: 77.4% of revenue deployed · 84.5% of spending went to programs
  • Governance: 17 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $51.3M in reported program spending
  • Leadership: top reported pay $1.7M · 37 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1M reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.