VERSITI INC (EIN 454675354) - 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

2012

Legal Domicile

Principal Officer

CHRIS MISKEL

Phone

4149335000

Tax Period

2023-01-01 to 2023-12-31

VERSITI INC, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $30.8M in total revenue in fiscal year 2023.

Mission

CHARTER TRAVEL VERSITI, INC. PAID FOR A CHARTERED FLIGHT FOR ONE LISTED INDIVIDUAL FOR BUSINESS PURPOSES. THE CHARTER TRAVEL IS NOT TREATED AS TAXABLE COMPENSATION. BUSINESS CLUB DUES VERSITI, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEE: CHRIS MISKEL - $22,961. THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEE USES THESE MEMBERSHIPS FOR BUSINESS MEETINGS OFF SITE AND BUSINESS LUNCHES/DINNERS. ANY PERSONAL EXPENSES INCURRED AT THE CLUB ARE PAID FOR DIRECTLY BY THE EMPLOYEES OR THE EMPLOYEES REIMBURSES THE ENTITY FOR PERSONAL EXPENSES.

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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 $0

Program Service Revenue $30,214,182

Investment Income $507,735

Other Revenue $91,534

TOTAL REVENUE $30,813,451

Expense Breakdown

Grants Paid $28,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,750

Other Expenses $31,222,662

TOTAL EXPENSES $31,251,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,813,451	$30,159,533	+0.0%
Expenses	$31,251,412	$29,578,966	+0.1%
Net Income	$-437,961	$580,567	-1.8%

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

$8,169,210

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
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	1.00	Officer	$0	$64,225	$785,165
ANTHONY WATKINS	EVP & CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$40,131	$781,954
BRIAN BAUTISTA	EVP & CHIEF OPERATING OFFICER	1.00	Officer	$0	$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	1.00	Officer	$0	$56,985	$677,152
BRADLEY PIETZ	EVP & CHIEF LABORATORY OFFICER	1.00	Officer	$0	$62,979	$616,384
BARBARA BRYANT	EVP & CHIEF MEDICAL OFFICER	1.00	Officer	$0	$25,848	$571,871
JAMES WEIDNER	EVP & CHIEF HR OFFICER	1.00	Officer	$0	$54,653	$564,260
ALEXANDRA PIEPER	VP & CHIEF QLT OFF - THRU 10/23	1.00	Officer	$0	$42,405	$563,685
LYNNE BRIGGS	VP & CHIEF INFORMATION OFFICER	1.00	Officer	$0	$50,984	$525,083
JESSICA DROUILLARD	VP & CHIEF QLT OFF - AS OF 10/23	1.00	Officer	$0	$12,988	$178,272

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	$30,813,451	$31,251,412	$35,556,690	$-437,961
2022	$30,159,533	$29,578,966	$27,720,428	$580,567
2021	$28,432,711	$28,520,357	$31,675,126	$-87,646
2020	$21,909,569	$21,972,152	$34,415,361	$-62,583
2019	$22,864,445	$22,905,764	$25,190,336	$-41,319
2018	$22,776,609	$22,776,609	$7,341,575	No data

VERSITI INC