Versiti Michigan Inc
85% goes to programs $0 to raise $100 Strong reserves
Versiti Michigan Inc is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1964, with $74,790,441 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
1036 Fuller Ave Ne, Grand Rapids, MI, 49503 EIN 38-1550001 Since 1964
Revenue (FY2024)
$74.8M
▲ 8.3% vs prior year
Health median: $840K
Expenses (FY2024)
$69.6M
Net assets
$44.2M
Employees
621
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Versiti Michigan Inc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Versiti Michigan Inc: 8 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Versiti Michigan Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Versiti Michigan Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
(see schedule o)
Contact & location
- Address
- 1036 Fuller Ave Ne, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $44.0M (FY2014) to $74.8M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.2MNet assets $44.2M
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.4M
Total liabilities
$5.2M
Net assets
$44.2M
Salaries & benefits
$32.7M
47% of expenses
Board members
18
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,790,441▲8.3% | $69,635,492▲6.5% | $44,218,874▲14.4% | $49,437,276▲10.5% | 990 |
| 2023 | $69,044,445▲5.9% | $65,377,053▲2.4% | $38,656,418▲10.4% | $44,741,001▲10.2% | 990 |
| 2022 | $65,203,787▼1.9% | $63,869,912▲1.1% | $35,001,250▼1.9% | $40,583,920▼0.6% | 990 |
| 2021 | $66,476,683▲10.9% | $63,171,008▲7.8% | $35,683,511▲11.0% | $40,816,832▲6.3% | 990 |
| 2020 | $59,930,263▲3.2% | $58,580,268▼0.9% | $32,135,026▲8.3% | $38,388,950▲13.3% | 990 |
| 2019 | $58,063,694▲2.6% | $59,125,807▲7.2% | $29,660,160▼3.8% | $33,870,208▼9.3% | 990 |
| 2017 | $56,579,937▼0.4% | $55,139,545▼3.4% | $30,824,748▲7.3% | $37,358,913▲5.5% | 990 |
| 2016 | $56,801,975▲19.4% | $57,065,989▲19.8% | $28,731,899▲0.6% | $35,404,153▲1.6% | 990 |
| 2015 | $47,589,538▲8.1% | $47,620,881▲13.6% | $28,558,637▼3.1% | $34,842,679▲3.3% | 990 |
| 2014 | $44,041,354 | $41,902,724▲2.8% | $29,467,097▲12.1% | $33,713,554▲13.6% | 990 |
| 2012 | — | $40,742,983▼1.8% | $26,283,913▲1.9% | $29,672,711▲0.2% | 990 |
| 2011 | — | $41,476,347▲14.5% | $25,781,823▲0.5% | $29,624,512▲1.8% | 990 |
| 2010 | — | $36,224,282 | $25,665,854 | $29,095,062 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Chris Miskel — $324,520 (0.47% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chris Miskel | President & Ceo | 11 | $324,520 |
| Timothy Pancioli Do | Associate Medical Director | 55 | $253,383 |
| Perpetue U Bariyanga | Sr Reg Nurse Therapeutic Services | 55 | $178,958 |
| Kristin Ronchetti-brenner | Avp & Sr Director Donor Services | 55 | $177,260 |
| Michelle Mamby | Sr Reg Nurse Therapeutic Services | 55 | $174,672 |
| Bart Reuter | Evp & General Counsel | 11 | $172,320 |
| Brian Bautista | Evp & Chief Operating Officer | 11 | $162,553 |
| Dawn Kaiser | Director Donor Services | 55 | $151,232 |
| Anthony Watkins | Evp&cfo-thru 3/24;bus Dev-as of 3/24 | 11 | $149,743 |
| Bradley Pietz | Evp & Chief Laboratory Officer | 11 | $120,183 |
| James Weidner | Evp & Chief Hr Officer | 11 | $114,320 |
| Lynne Briggs | Vp & Chief Information Officer | 11 | $96,373 |
| Derek Tyus | Evp & Chief Financial Off. - As 3/24 | 11 | $90,460 |
| Gitesh Dubal | Evp & Chief Mktg. Off. - Thru 4/24 | 11 | $81,412 |
| Jessica Drouillard | Vp & Chief Quality Officer | 11 | $55,208 |
| Gretchen Jameson | Evp & Chief Mktg. Off. - As of 4/24 | 11 | $44,083 |
| Barbara Bryant | Evp & Chief Med. Off. - Thru 8/24 | 1 | — |
| Cecelia Gore | Board Member | 1 | — |
| Coreen Dicus-johnson Jd | Secretary | 1 | — |
| Dale Kent | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Invita Healthcare Technologies | Software Support | $302,373 |
| Prestige Home Services | Cleaning Services | $298,955 |
| Detroit Lions Properties | Sports Partnership | $142,779 |
| Je Johnson Contracting | Facility Services | $130,452 |
| Onway Transport LLC | Delivery Services | $119,755 |
Grants received · $2.0M total
2 grants to Versiti Michigan Inc totaling $2.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $5,007 |
| Versiti Blood Health Inc | — | 2014 | $2,000,500 |
Grants made · $10K in FY2022
1 grant totaling $10K in FY2022. All grants made by Versiti Michigan Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Blood Cancer United Inc | Program support | $10,000 |
Similar organizations in Health
- Health
Henry Ford Semi Medical Group
Detroit, MI
$74.8M
Cannual revenue
Health
Sparrow Ionia Hospital
Ionia, MI
$74.5M
Aannual revenue
Health
Mymichigan Medical Center West Branch
Midland, MI
$74.4M
Aannual revenue
Health
Mobile Medical Response Inc
Saginaw, MI
$74.4M
Aannual revenue
Health
Aspirus Keweenaw
Laurium, MI
$74.2M
B+annual revenue
Health
Schoolcraft Memorial Hospital
Manistique, MI
$72.0M
Aannual revenue
Aspirus Ironwood Hospital & Clinics Inc
Ironwood, MI
$78.3M
Aannual revenue
Sparrow Clinton Hospital
Saint Johns, MI
$79.3M
Aannual revenue
Health
Medstar Inc
Clinton Twp, MI
$79.5M
Aannual revenue
Health
Three Rivers Health System Inc
Three Rivers, MI
$80.3M
Aannual revenue
Compare Versiti Michigan Inc
Frequently asked questions
- Is Versiti Michigan Inc a legitimate nonprofit?
- Yes. Versiti Michigan Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1550001, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Versiti Michigan Inc's EIN?
- Versiti Michigan Inc's Employer Identification Number (EIN) is 38-1550001.
- How much revenue does Versiti Michigan Inc report?
- Versiti Michigan Inc reported $74,790,441 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Versiti Michigan Inc's spending goes to programs?
- Versiti Michigan Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Versiti Michigan Inc have?
- CharityIndex grades Versiti Michigan Inc A, based on program efficiency and fundraising cost.
- How much does Versiti Michigan Inc's highest-paid employee make?
- The highest reported compensation on Versiti Michigan Inc's latest Form 990 is $324,520, paid to Chris Miskel (President & Ceo).
More nonprofits in Grand Rapids
Explore more
Data for Versiti Michigan Inc (EIN 38-1550001) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.