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Filing year 2024

VERSITI MICHIGAN INC

Grand Rapids, Michigan·EIN 38-1550001·NTEE E61Z · Health Care·501(c)(3)
Total revenue
$74.8M
Total assets
$49.4M
Total expenses
$69.6M
Reported officers
37
Mission

VERSITI MICHIGAN, INC. (VERSITI) 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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 19 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Michigan.

President & CEO
75th to 90th percentile
$382k
$411k
Base
$159k
Bonus
$160k
Other
$5k
Benefits
$7k
Associate Medical Director
Highest Compensated Employee
25th percentile to median
$296k
$318k
Base
$221k
Bonus
$32k
Other
$1k
Benefits
$26k
EVP & General Counsel
Executive Vice President
Median to 75th percentilevs Health Care peers nationwide
$238k
$256k
Base
$86k
Bonus
$81k
Other
$5k
Benefits
$8k
EVP & Chief Operating Officer
Median to 75th percentile
$216k
$233k
Base
$93k
Bonus
$65k
Other
$4k
Benefits
$7k
Sr Reg Nurse Therapeutic Services
Highest Compensated Employee
25th percentile to median
$206k
$222k
Base
$159k
Bonus
$17k
Other
$2k
Benefits
$15k
Sr Reg Nurse Therapeutic Services
Highest Compensated Employee
25th percentile to median
$200k
$215k
Base
$155k
Bonus
$18k
Other
$1k
Benefits
$25k
Director Donor Services
Highest Compensated Employee
25th percentile to median
$188k
$202k
Base
$132k
Bonus
$17k
Other
$2k
Benefits
$27k
AVP & Sr Director Donor Services
Highest Compensated Employee
25th percentile to median
$187k
$202k
Base
$166k
Bonus
$10k
Other
$919
Benefits
$2k
EVP & Chief Laboratory Officer
Median to 75th percentile
$186k
$200k
Base
$61k
Bonus
$54k
Other
$5k
Benefits
$8k
Evp&cfo-thru 3/24;bus Dev-as of 3/24
Officer (Unspecified)
$180k
$193k
Base
$65k
Bonus
$71k
Other
$13k
Benefits
$1k
EVP & Chief HR Officer
Median to 75th percentile
$171k
$184k
Base
$64k
Bonus
$46k
Other
$5k
Benefits
$7k
VP & Chief Information Officer
Chief Information Officer
25th percentile to medianvs Health Care peers nationwide
$149k
$160k
Base
$64k
Bonus
$31k
Other
$1k
Benefits
$5k
EVP & Chief Financial Off. - As 3/24
Executive Vice President
25th percentile to medianvs Health Care peers nationwide
$139k
$149k
Base
$66k
Bonus
$24k
Other
$611
Benefits
$5k
EVP & Chief Mktg. Off. - Thru 4/24
Executive Vice President
25th percentile to medianvs Health Care peers nationwide
$105k
$113k
Base
$26k
Bonus
$52k
Other
$4k
Benefits
$3k
VP & Chief Quality Officer
Vice President
25th percentile to median
$74k
$80k
Base
$39k
Bonus
$11k
Other
$5k
Benefits
$701
EVP & Chief Med. Off. - As of 7/24
Executive Vice President
10th to 25th percentilevs Health Care peers nationwide
$66k
$71k
EVP & Chief Mktg. Off. - As of 4/24
Executive Vice President
10th to 25th percentilevs Health Care peers nationwide
$59k
$64k
Base
$44k
Bonus
Other
$237
Benefits
$257
EVP & Chief Scientific Officer
10th to 25th percentile
$39k
$42k
EVP & Chief Med. Off. - Thru 8/24
Executive Vice President
Below 10th percentilevs Health Care peers nationwide
$26k
$28k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at VERSITI MICHIGAN INC equaled 0.5% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
0.5%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 14%
from 2023

From $445k in 2023 to $382k in 2024.

$445k
2023
$382k
2024
In today's dollarsEst.
Down 16% in real terms$492k to $411k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 12% from 2023 to 2024, while revenue rose 8%.

$340k in 2023 to $382k in 2024.
  • Highest Compensated Employee pay fell 34% from 2023 to 2024.
  • Executive Vice President pay rose 14% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VERSITI MICHIGAN INC

What does the Chief Executive Officer of VERSITI MICHIGAN INC earn?

In 2024, the Chief Executive Officer of VERSITI MICHIGAN INC received $382,189 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Health Care organizations in Michigan, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at VERSITI MICHIGAN INC compare with similar nonprofits?

Compared with the same role at Health Care organizations in Michigan, the 2024 pay of the Chief Executive Officer at VERSITI MICHIGAN INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at VERSITI MICHIGAN INC equaled 0.5% of the organization's total expenses. The median for health care organizations is 4%.

What are VERSITI MICHIGAN INC's revenue and expenses?

In 2024, VERSITI MICHIGAN INC reported $74.8M in total revenue and $69.6M in total expenses on its IRS Form 990.

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