Versiti

Legal name: Versiti Inc

Nonprofit profile at a glance

EIN
454675354
IRS 990 coverage
2013–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Milwaukee, WI, US
Phone
4149335000
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$33,766,172
Expenses
$34,047,426
Assets
$112,462,728
Liabilities
$112,112,728

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

Leadership & pay

32 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, inc. Serves as the parent organization coordinating blood services, medical care, and research activities across a five-state region to advance public health and save lives through comprehensive blood science programs. Rooted in its nonprofit mission, versiti provides strategic oversight and operational coordination for blood collection, diagnostic testing, organ procurement, research, and specialized medical services throughout Wisconsin, Illinois, Indiana, Michigan, and Ohio. Versiti, inc. Provides essential infrastructure including information technology systems, quality assurance programs, and regulatory compliance oversight that enable efficient operations across all states and service lines. The organization's commitment to advancing blood science includes support for (continued in schedule o) research initiatives, clinical trials, and educational programs that strengthen transfusion medicine and hematology. Through integrated leadership and coordinated service delivery, versiti, inc. Strengthens regional blood supply infrastructure while advancing medical care and scientific discovery to benefit patients throughout the midwest.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 96
  • Accountability: 96
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.4%; rating input score 0
  • Program expense ratio: 0.4%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.4%; rating input score 94; 28th 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: -0.8%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 3.3; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 35.7% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 17.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 28.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 0.4% of revenue deployed · 0.4% of spending went to programs
  • Governance: 17 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $132K in reported program spending
  • Leadership: top reported pay $1.7M · 32 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.