VERSITI INDIANA INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

CHRIS MISKEL

Phone

3179165010

Tax Period

2023-01-01 to 2023-12-31

VERSITI INDIANA INC, founded in 1952, is a mid-sized nonprofit in the Health Care sector that reported $87.0M in total revenue in fiscal year 2023.

Mission

STEWARDS OF INDIANA'S BLOOD SUPPLY, LINKING VOLUNTEER DONORS TO HOOSIER PATIENTS IN NEED BY RECRUITING, COLLECTING, PROCESSING, TESTING, LABELING AND DISTRIBUTING BLOOD TO HOSPITALS EVERY DAY. A COMMUNITY BLOOD PROGRAM, SUPPLYING FIRST IN INDIANA THEN WHEREVER THE LIFE-SAVING RESOURCE IS NEEDED.

Program Service Accomplishments

Program 1

Expenses: $55,046,847 Revenue: $59,857,453

VERSITI INDIANA, INC. (VERSITI) RECRUITS VOLUNTEER BLOOD DONORS, COLLECTS, PROCESSES AND DISTRIBUTES BLOOD AND BLOOD COMPONENTS TO PROVIDE A SAFE AND RELIABLE SUPPLY OF BLOOD FOR HOSPITALS AND OTHER BLOOD CENTERS SERVED. DURING 2023, 139,312 BLOOD UNITS WERE COLLECTED.VERSITI PROVIDES CLINICAL DIAGNOSTIC TESTING SERVICES TO HOSPITALS, PHYSICIAN OFFICES AND OTHER REFERENCE LABORATORIES. DURING 2023, 33,636 TESTS WERE PERFORMED.VERSITI MEDICAL SERVICES PROVIDES MEDICAL AND THERAPEUTIC SERVICES IN PARTNERSHIP WITH LOCAL HOSPITALS. DURING 2023, 63 THERAPEUTIC PROCEDURES WERE PERFORMED.

Program 2

Expenses: $21,891,130 Revenue: $25,279,050

VERSITI DONOR TESTING LABORATORY PROVIDES INFECTIOUS DISEASE TESTING TO DETERMINE DONOR SUITABILITY AND PRODUCT SAFETY FOR VERSITI AFFILIATES AND OTHER BLOOD CENTER PARTNERS. DURING 2023, 8,367,384...

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,903

Program Service Revenue $85,136,503

Investment Income $1,661,373

Other Revenue $196,849

TOTAL REVENUE $87,010,628

Expense Breakdown

Grants Paid $45,483

Salaries & Benefits $33,429,479

Fundraising Expenses $0

Program Expenses $76,937,977

Other Expenses $55,206,257

TOTAL EXPENSES $88,681,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,010,628	$82,888,897	+0.0%
Expenses	$88,681,219	$86,577,919	+0.0%
Net Income	$-1,670,591	$-3,689,022	-0.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

667

Volunteers

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

$8,656,276

Total Directors

$1,480,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MISKEL	PRESIDENT & CEO	11.00	Officer Director	$285,020	$55,375	$1,480,476
FRED GEILFUSS	CHAIR; LEGAL ADVISOR	1.00	Officer Director	$0	$0	$0
L ALAN WHALEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHERRY HUSA	SECRETARY	1.00	Officer Director	$0	$0	$0
RON MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
NICHOLAS BAUER	BOARD MEMBER - AS OF 3/23	1.00	Director	$0	$0	$0
COREEN DICUS-JOHNSON JD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GINSBURG MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CECELIA GORE	BOARD MEMBER - AS OF 11/23	1.00	Director	$0	$0	$0
GAIL HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS HAUSKE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE KENT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT H MANEGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY S MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGEY OPLINGER	BOARD MEMBER - AS OF 11/23	1.00	Director	$0	$0	$0
JOHN PERRAS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY THORNTON-BIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG WESLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER ZIEGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BART REUTER	EVP & GENERAL COUNSEL	11.00	Officer	$144,188	$64,225	$785,165
ANTHONY WATKINS	EVP & CHIEF FINANCIAL OFFICER	11.00	Officer	$148,364	$40,131	$781,954
BRIAN BAUTISTA	EVP & CHIEF OPERATING OFFICER	11.00	Officer	$137,498	$54,302	$741,795
MICHAEL DEININGER MD	EVP & CHIEF SCIENTIFIC OFFICER	1.00	Officer	$0	$39,453	$683,113
GITESH DUBAL	EVP & CHIEF MARKETING OFFICER	11.00	Officer	$124,033	$56,985	$677,152
BRADLEY PIETZ	EVP & CHIEF LABORATORY OFFICER	11.00	Officer	$110,682	$62,979	$616,384
BARBARA BRYANT	EVP & CHIEF MEDICAL OFFICER	1.00	Officer	$0	$25,848	$571,871
JAMES WEIDNER	EVP & CHIEF HR OFFICER	11.00	Officer	$101,922	$54,653	$564,260
ALEXANDRA PIEPER	VP & CHIEF QLT OFF - THRU 10/23	11.00	Officer	$104,257	$42,404	$563,684
LYNNE BRIGGS	VP & CHIEF INFORMATION OFFICER	11.00	Officer	$94,821	$50,984	$525,083
DAN WAXMAN MD	VP TRANSFUSION MEDICINE	11.00	Officer	$88,068	$46,727	$487,067
JESSICA DROUILLARD	VP & CHIEF QLT OFF - AS OF 10/23	11.00	Officer	$33,057	$12,988	$178,272
JULIE CRUZ MD	SR MEDICAL DIRECTOR	55.00	Highest	$373,764	$36,146	$409,910
LORA POORE	SR STRATEGIST INNOVATION	55.00	Highest	$269,844	$46,183	$316,027
PENNY SCHROEDER	AVP & SR DR DONOR TESTING LABS	55.00	Highest	$219,959	$14,884	$234,843
DANIELLE FALCONER	AVP & DIRECTOR DONOR SERVICES	55.00	Highest	$132,748	$18,758	$151,506
NICHOLAS BURRUS	DR MARKET INSIGHTS & OPERATIONS	55.00	Highest	$138,713	$10,840	$149,553

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
2024	No data	No data	No data	No data
2023	$87,010,628	$88,681,219	$45,922,381	$-1,670,591
2022	$82,888,897	$86,577,919	$44,844,226	$-3,689,022
2021	$91,566,371	$91,902,492	$52,476,329	$-336,121
2020	$86,812,127	$83,596,079	$52,408,972	$3,216,048
2019	$75,734,257	$76,120,899	$45,507,285	$-386,642