VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC

EIN: 391372542 501(c)(3) Health Care

MILWAUKEE, WI

Total Revenue
$10,946,946
Total Expenses
$11,357,497
Total Assets
$133,873,238
Net Assets
$132,371,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
WI
Principal Officer
CHRIS MISKEL
Phone
4149335000
Tax Period
2023-01-01 to 2023-12-31

VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $132.4M represent 145 months of operating reserves.

Mission

VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION ADVANCES LIFE-SAVING BASIC AND CLINICAL BLOOD RESEARCH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,836,992
Program Service Revenue $0
Investment Income $4,768,070
Other Revenue $341,884
TOTAL REVENUE $10,946,946

Expense Breakdown

Grants Paid $9,242,529
Salaries & Benefits $1,015,980
Fundraising Expenses $1,441,898
Program Expenses $9,242,529
Other Expenses $657,548
TOTAL EXPENSES $11,357,497

Year-over-Year Comparison

2023 2022 Change
Revenue $10,946,946 $9,619,286 +0.1%
Expenses $11,357,497 $9,805,415 +0.2%
Net Income $-410,551 $-186,129 +1.2%
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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Governance

Voting Members
18
Independent Members
17
Employees
8
Volunteers
18

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
10
$4,530,438
Total Directors
19
$1,480,476
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS MISKEL PRESIDENT & CEO 1.00
Officer Director
$0 $55,375 $1,480,476
JULIA SYBURG CHAIR 1.00
Officer Director
$0 $0 $0
DIXON BENZ II VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANDY ANDERSON MD SECRETARY 1.00
Officer Director
$0 $0 $0
GUY CRANE TREASURER 1.00
Officer Director
$0 $0 $0
SAM BRADT BOARD MEMBER 1.00
Director
$0 $0 $0
LOUISE CROWLEY BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM CROWLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JASON DVORAK BOARD MEMBER - AS OF 9/2023 1.00
Director
$0 $0 $0
FRED GEILFUSS BOARD MEMBER 1.00
Director
$0 $0 $0
EMERY HARLAN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS HAUSKE JR BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY KLEIN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT H MANEGOLD BOARD MEMBER 1.00
Director
$0 $0 $0
ABHISHEK PULAKANTI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN R RAYMOND SR MD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHAN SEGERDAHL BOARD MEMBER 1.00
Director
$0 $0 $0
SUZY STEMPER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL H WHITE BOARD MEMBER - THRU 6/2023 1.00
Director
$0 $0 $0
BART REUTER EVP & GENERAL COUNSEL 1.00
Officer
$0 $64,225 $785,165
ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $40,131 $781,954
MICHAEL DEININGER MD EVP & CHIEF SCIENTIFIC OFFICER 3.00
Officer
$32,182 $39,453 $683,113
BARBARA BRYANT EVP & CHIEF MED OFFICER 1.00
Officer
$0 $25,848 $571,871
KELLEY MCCASKILL VP OF PHILANTHROPY 55.00
Officer
$191,356 $36,503 $227,859
JOHN MABRY DIRECTOR TECH TRANSFER 55.00
Highest
$181,451 $53,512 $234,963
ALBERTO G HUERTA DIRECTOR FDN DEVELOPMENT 55.00
Highest
$108,153 $17,186 $125,339
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 $10,946,946 $11,357,497 $133,873,238 $-410,551
2022 $9,619,286 $9,805,415 $123,463,060 $-186,129
2021 $26,125,003 $9,484,983 $138,899,953 $16,640,020
2020 $23,540,947 $9,189,809 $111,661,539 $14,351,138
2019 $10,502,073 $10,190,493 $99,077,863 $311,580
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