VERSITI ILLINOIS INC (EIN 362179768) - Form 990 Financial Analysis & Trantor Score

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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

1943

Legal Domicile

Principal Officer

CHRIS MISKEL

Phone

6308927055

Tax Period

2023-01-01 to 2023-12-31

VERSITI ILLINOIS INC, founded in 1943, is a mid-sized nonprofit in the Health Care sector that reported $63.0M in total revenue in fiscal year 2023. Expenses of $56.5M left a modest 10% surplus.

Mission

VERSITI ILLINOIS, INC. (VERSITI ILLINOIS) 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.

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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 $20,827

Program Service Revenue $58,846,182

Investment Income $3,929,231

Other Revenue $177,164

TOTAL REVENUE $62,973,404

Expense Breakdown

Grants Paid $65,867

Salaries & Benefits $25,343,553

Fundraising Expenses $0

Program Expenses $47,239,663

Other Expenses $31,116,446

TOTAL EXPENSES $56,525,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,973,404	$62,881,816	+0.0%
Expenses	$56,525,866	$56,797,670	0.0%
Net Income	$6,447,538	$6,084,146	+0.1%

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

515

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

$8,169,209

Total Directors

$1,480,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MISKEL	PRESIDENT & CEO	10.00	Officer Director	$256,518	$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	10.00	Officer	$129,769	$64,225	$785,165
ANTHONY WATKINS	EVP & CHIEF FINANCIAL OFFICER	10.00	Officer	$133,529	$40,131	$781,954
BRIAN BAUTISTA	EVP & CHIEF OPERATING OFFICER	10.00	Officer	$123,749	$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	10.00	Officer	$111,630	$56,985	$677,152
BRADLEY PIETZ	EVP & CHIEF LABORATORY OFFICER	10.00	Officer	$99,613	$62,979	$616,384
BARBARA BRYANT	EVP & CHIEF MEDICAL OFFICER	1.00	Officer	$0	$25,848	$571,871
JAMES WEIDNER	EVP & CHIEF HR OFFICER	10.00	Officer	$91,730	$54,653	$564,260
ALEXANDRA PIEPER	VP & CHIEF QLT OFF - THRU 10/23	10.00	Officer	$93,831	$42,404	$563,684
LYNNE BRIGGS	VP & CHIEF INFORMATION OFFICER	10.00	Officer	$85,338	$50,984	$525,083
JESSICA DROUILLARD	VP & CHIEF QLT OFF - AS OF 10/23	10.00	Officer	$29,751	$12,988	$178,272
KEVIN HA	HBC ASSOCIATE MEDICAL DIRECTOR	55.00	Highest	$239,537	$56,111	$295,648
AMY SMITH	DIRECTOR DONOR SERVICES	55.00	Highest	$228,429	$53,729	$282,158
DANA KNIGHT	HBC DIRECTOR OF QUALITY ASSURANCE	39.00	Highest	$146,319	$24,322	$228,621
JYOTHI PERLA	MANAGER HRIS	55.00	Highest	$135,154	$53,028	$188,182
JACK STEIN	HBC ORACLE PROGRAMMER	55.00	Highest	$112,939	$31,156	$144,095

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	$62,973,404	$56,525,866	$75,130,707	$6,447,538
2022	$62,881,816	$56,797,670	$66,698,055	$6,084,146
2021	$60,198,808	$56,551,281	$67,173,441	$3,647,527
2020	$52,621,199	$50,024,009	$60,773,088	$2,597,190
2019	$51,107,954	$51,329,873	$55,435,935	$-221,919

VERSITI ILLINOIS INC