VERSITI MICHIGAN INC Charity Report

Public IRS 990 nonprofit record

VERSITI MICHIGAN INC

EIN 38-1550001 · Health Care (E61Z)

What they do

VERSITI MICHIGAN, INC. (VERSITI) is A BLOOD HEALTH INNOVATOR WHICH ENHANCES LIVES THROUGH DISCOVERY, DIAGNOSIS and TREATMENT. VERSITI EXPANDS THE FRONTIERS of PATIENT HEALTH THROUGH THE INTEGRATION of SCIENCE, MEDICINE and SERVICE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

79.37%of revenue went to mission work85.2% of expenses · Program services

$93.11spent for every $100 of revenueRevenue covered expenses this year.

13.74%of revenue went to management and office costs14.8% of expenses

$0.71in assets for every $1 spent this yearSome assets cannot be spent right away.

0.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $382,189 for CHRIS MISKEL (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$74,790,441

Mission workProgram services$59,357,59479.37% of revenue85.2% of expenses

ManagementOffice and general costs$10,277,89813.74% of revenue14.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,154,9496.89% of revenueShown in gray on the chart

Total expenses$69,635,49293.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 93.11% of revenue

2023Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 94.69% of revenue

2022Expense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 97.95% of revenue

2021Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 95.03% of revenue

2020Expense mix: 85.7% mission · 14.3% management · 0.0% fundraisingTotal expenses: 97.75% of revenue

2019Expense mix: 84.9% mission · 15.1% management · 0.0% fundraisingTotal expenses: 101.83% of revenue

2017Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 97.45% of revenue

2016Expense mix: 87.0% mission · 13.0% management · 0.0% fundraisingTotal expenses: 100.46% of revenue

Money in and money out

Revenue$74,790,441

Expenses$69,635,492

Annual surplus $5,154,949 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$59,357,594 · 85.2% of expenses

Management and office costs$10,277,898 · 14.8% of expenses

See all reported dollar amounts

Revenue$74,790,441

Expenses$69,635,492

Assets$49,437,276

Income$78,300,793

Contributions$566,685

Mission work (program services)$59,357,594

Grants given$3,338,000

Average grant$1,112,667

Management and general$10,277,898

Stocks and bonds$3,822,158

Investing fees$1,370

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRIS MISKELPRESIDENT & CEO · 11 hrs/week $382,189Base $324,520 · Other $57,669

TIMOTHY PANCIOLI DOASSOCIATE MEDICAL DIRECTOR · 55 hrs/week $295,743Base $253,383 · Other $42,360

BART REUTEREVP & GENERAL COUNSEL · 11 hrs/week $238,366Base $172,320 · Other $66,046

BRIAN BAUTISTAEVP & CHIEF OPERATING OFFICER · 11 hrs/week $216,145Base $162,553 · Other $53,592

PERPETUE U BARIYANGASR REG NURSE THERAPEUTIC SERVICES · 55 hrs/week $205,927Base $178,958 · Other $26,969

MICHELLE MAMBYSR REG NURSE THERAPEUTIC SERVICES · 55 hrs/week $199,637Base $174,672 · Other $24,965

DAWN KAISERDIRECTOR DONOR SERVICES · 55 hrs/week $188,100Base $151,232 · Other $36,868

KRISTIN RONCHETTI-BRENNERAVP & SR DIRECTOR DONOR SERVICES · 55 hrs/week $187,400Base $177,260 · Other $10,140

BRADLEY PIETZEVP & CHIEF LABORATORY OFFICER · 11 hrs/week $185,613Base $120,183 · Other $65,430

ANTHONY WATKINSEVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24 · 11 hrs/week $179,619Base $149,743 · Other $29,876

JAMES WEIDNEREVP & CHIEF HR OFFICER · 11 hrs/week $171,112Base $114,320 · Other $56,792

LYNNE BRIGGSVP & CHIEF INFORMATION OFFICER · 11 hrs/week $148,995Base $96,373 · Other $52,622

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

CHRIS MISKELPRESIDENT & CEO

TIMOTHY PANCIOLI DOASSOCIATE MEDICAL DIRECTOR

BART REUTEREVP & GENERAL COUNSEL

BRIAN BAUTISTAEVP & CHIEF OPERATING OFFICER

PERPETUE U BARIYANGASR REG NURSE THERAPEUTIC SERVICES

MICHELLE MAMBYSR REG NURSE THERAPEUTIC SERVICES

DAWN KAISERDIRECTOR DONOR SERVICES

KRISTIN RONCHETTI-BRENNERAVP & SR DIRECTOR DONOR SERVICES

BRADLEY PIETZEVP & CHIEF LABORATORY OFFICER

ANTHONY WATKINSEVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24

JAMES WEIDNEREVP & CHIEF HR OFFICER

LYNNE BRIGGSVP & CHIEF INFORMATION OFFICER

DEREK TYUSEVP & CHIEF FINANCIAL OFF. - AS 3/24

GITESH DUBALEVP & CHIEF MKTG. OFF. - THRU 4/24

JESSICA DROUILLARDVP & CHIEF QUALITY OFFICER

MATTHEW ANDERSON MDEVP & CHIEF MED. OFF. - AS OF 7/24

GRETCHEN JAMESONEVP & CHIEF MKTG. OFF. - AS OF 4/24

MICHAEL DEININGER MDEVP & CHIEF SCIENTIFIC OFFICER

BARBARA BRYANTEVP & CHIEF MED. OFF. - THRU 8/24

DALE KENTBOARD MEMBER

CECELIA GOREBOARD MEMBER

THOMAS HAUSKE JRBOARD MEMBER

SHERRY HUSABOARD MEMBER

RON MILLERTREASURER

ROBERT H MANEGOLDBOARD MEMBER

PETER ZIEGLERBOARD MEMBER

COREEN DICUS-JOHNSON JDSECRETARY

NICHOLAS BAUERBOARD MEMBER

JEFFREY S MCDONALDBOARD MEMBER

DAVID GINSBURG MDBOARD MEMBER

FRED GEILFUSSCHAIR

MAGGEY OPLINGERBOARD MEMBER

GAIL HANSONBOARD MEMBER

L ALAN WHALEYVICE CHAIR

GREG WESLEYBOARD MEMBER

KATHY THORNTON-BIASBOARD MEMBER - THRU 6/24

JOHN PERRASBOARD MEMBER

About this charity

Recognized since: January 1964
Location: 1036 FULLER AVE NE, GRAND RAPIDS, MI 49503
County: Kent
In care of: CHRIS MISKEL
Primary officer: CHRIS MISKEL, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(616) 774-2300 Officer phone(414) 933-5000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Health Care (E61Z)
Grant-giving organization: Yes