VERSITI BLOOD RESEARCH INSTITUTE F… - Form 990 Financial Data

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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

1981

Legal Domicile

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, INC. (VBRIF) WAS FORMED TO SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES RELATED TO BLOOD AT VERSITI WISCONSIN, INC., VERSITI ILLINOIS, INC., VERSITI INDIANA, INC. AND MICHIGAN BLOOD, INC. AND OTHER SIMILAR ENTITIES ENGAGED IN TRANSFUSION OR TRANSPLANT MEDICAL SERVICES OR RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $9,185,204

VBRIF SUPPORTS BLOOD RESEARCH RELATED TO TRANSFUSION, TRANSLATIONAL, CLINICAL AND TRANSPLANT MEDICINE.

Program 2

Expenses: $57,325

VBRIF SUPPORTS THE EFFORTS OF ITS SUPPORTED ORGANIZATIONS, WHICH FURTHER THE IMPORTANT CAUSES OF BLOOD AND ORGAN DONATIONS AND 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%)

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

Governance

Voting Members

Independent Members

Employees

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

$4,530,438

Total Directors

$1,480,476

Key Employees

Highest Compensated

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

VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC