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Nonprofiteer
← VERSITI ILLINOIS INC

Form 990 for tax year 2024

Filed by VERSITI ILLINOIS INC.

Totals

Total revenue
$65,189,416
Total expenses
$60,699,227
Contributions and grants received
$18,002
Grants paid
$90,229
Program service revenue
$63,758,288
Investment income
$1,200,057
Other revenue
$213,069
Total assets, end of year
$80,358,322
Total liabilities, end of year
$6,297,546
Net assets or fund balances, end of year
$74,060,776
Program services expenses (Part IX)
$51,320,144
Management and general expenses
$9,379,083
Fundraising expenses
$0
Program service expenses (Part III)
$51,320,144

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRIS MISKEL

    PRESIDENT & CEO

    Total calculated
    $1,680,265
    From this org
    $275,842
    From related orgs
    $1,346,754
    Other
    $57,669
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $135,507 + $661,591 related
    Bonus
    $136,120 + $664,584 related
    Other
    $4,215 + $20,579 related
    Deferred
    $4,106 + $20,045 related
    Nontaxable benefits
    $5,698 + $27,820 related
    Filer's total
    $285,646 + $1,394,619 related
  • BART REUTER

    EVP & GENERAL COUNSEL

    Total calculated
    $927,646
    From this org
    $146,473
    From related orgs
    $715,127
    Other
    $66,046
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $73,193 + $357,352 related
    Bonus
    $68,920 + $336,490 related
    Other
    $4,360 + $21,285 related
    Deferred
    $4,106 + $20,045 related
    Nontaxable benefits
    $7,123 + $34,772 related
    Filer's total
    $157,702 + $769,944 related
  • BRIAN BAUTISTA

    EVP & CHIEF OPERATING OFFICER

    Total calculated
    $866,357
    From this org
    $138,171
    From related orgs
    $674,594
    Other
    $53,592
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $79,179 + $386,578 related
    Bonus
    $55,273 + $269,863 related
    Other
    $3,719 + $18,153 related
    Deferred
    $3,122 + $15,244 related
    Nontaxable benefits
    $5,989 + $29,237 related
    Filer's total
    $147,282 + $719,075 related
  • ANTHONY WATKINS

    EVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24

    Total calculated
    $778,587
    From this org
    $127,280
    From related orgs
    $621,431
    Other
    $29,876
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $55,637 + $271,645 related
    Bonus
    $60,265 + $294,235 related
    Other
    $11,378 + $55,551 related
    Deferred
    $4,106 + $20,045 related
    Nontaxable benefits
    $973 + $4,752 related
    Filer's total
    $132,359 + $646,228 related
  • MICHAEL DEININGER MD

    EVP & CHIEF SCIENTIFIC OFFICER

    Total calculated
    $709,841
    From this org
    $0
    From related orgs
    $670,610
    Other
    $39,231
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $523,564 related
    Bonus
    $0 + $118,100 related
    Other
    $0 + $28,946 related
    Deferred
    $0 + $15,884 related
    Nontaxable benefits
    $0 + $23,347 related
    Filer's total
    $0 + $709,841 related
  • BRADLEY PIETZ

    EVP & CHIEF LABORATORY OFFICER

    Total calculated
    $666,345
    From this org
    $102,156
    From related orgs
    $498,759
    Other
    $65,430
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $52,260 + $255,150 related
    Bonus
    $45,514 + $222,216 related
    Other
    $4,382 + $21,393 related
    Deferred
    $4,072 + $19,879 related
    Nontaxable benefits
    $7,051 + $34,428 related
    Filer's total
    $113,279 + $553,066 related
  • JAMES WEIDNER

    EVP & CHIEF HR OFFICER

    Total calculated
    $628,394
    From this org
    $97,173
    From related orgs
    $474,429
    Other
    $56,792
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $54,168 + $264,467 related
    Bonus
    $38,697 + $188,930 related
    Other
    $4,308 + $21,032 related
    Deferred
    $4,106 + $20,045 related
    Nontaxable benefits
    $5,550 + $27,091 related
    Filer's total
    $106,829 + $521,565 related
  • MATTHEW ANDERSON MD

    EVP & CHIEF MED. OFF. - AS OF 7/24

    Total calculated
    $537,718
    From this org
    $0
    From related orgs
    $471,868
    Other
    $65,850
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,926 related
    Bonus
    $0 + $65,100 related
    Other
    $0 + $2,842 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $41,700 related
    Filer's total
    $0 + $537,718 related
  • LYNNE BRIGGS

    VP & CHIEF INFORMATION OFFICER

    Total calculated
    $534,488
    From this org
    $81,918
    From related orgs
    $399,948
    Other
    $52,622
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $54,547 + $266,316 related
    Bonus
    $26,181 + $127,825 related
    Other
    $1,190 + $5,807 related
    Deferred
    $4,480 + $21,873 related
    Nontaxable benefits
    $4,466 + $21,803 related
    Filer's total
    $90,864 + $443,624 related
  • DEREK TYUS

    EVP & CHIEF FINANCIAL OFF. - AS 3/24

    Total calculated
    $500,657
    From this org
    $76,892
    From related orgs
    $375,412
    Other
    $48,353
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $55,972 + $273,275 related
    Bonus
    $20,400 + $99,600 related
    Other
    $520 + $2,537 related
    Deferred
    $4,028 + $19,665 related
    Nontaxable benefits
    $4,192 + $20,468 related
    Filer's total
    $85,112 + $415,545 related
  • BARBARA BRYANT

    EVP & CHIEF MED. OFF. - THRU 8/24

    Total calculated
    $473,670
    From this org
    $0
    From related orgs
    $447,822
    Other
    $25,848
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,620 related
    Bonus
    $0 + $101,700 related
    Other
    $0 + $17,502 related
    Deferred
    $0 + $23,946 related
    Nontaxable benefits
    $0 + $1,902 related
    Filer's total
    $0 + $473,670 related
  • GITESH DUBAL

    EVP & CHIEF MKTG. OFF. - THRU 4/24

    Total calculated
    $430,841
    From this org
    $69,199
    From related orgs
    $337,861
    Other
    $23,781
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $21,888 + $106,870 related
    Bonus
    $43,920 + $214,434 related
    Other
    $3,391 + $16,557 related
    Deferred
    $1,797 + $8,774 related
    Nontaxable benefits
    $2,245 + $10,965 related
    Filer's total
    $73,241 + $357,600 related
  • KEVIN HA

    HBC ASSOCIATE MEDICAL DIRECTOR

    Total calculated
    $304,682
    From this org
    $250,686
    From related orgs
    $0
    Other
    $53,996
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $237,621
    Bonus
    $12,600
    Other
    $465
    Deferred
    $17,133
    Nontaxable benefits
    $36,863
    Filer's total
    $304,682
  • JESSICA DROUILLARD

    VP & CHIEF QUALITY OFFICER

    Total calculated
    $294,942
    From this org
    $46,927
    From related orgs
    $229,110
    Other
    $18,905
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $33,539 + $163,750 related
    Bonus
    $9,418 + $45,982 related
    Other
    $3,970 + $19,378 related
    Deferred
    $2,618 + $12,782 related
    Nontaxable benefits
    $595 + $2,910 related
    Filer's total
    $50,140 + $244,802 related
  • AMY SMITH

    DIRECTOR DONOR SERVICES

    Total calculated
    $287,951
    From this org
    $240,685
    From related orgs
    $0
    Other
    $47,266
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $191,164
    Bonus
    $47,700
    Other
    $1,821
    Deferred
    $8,133
    Nontaxable benefits
    $39,133
    Filer's total
    $287,951
  • GRETCHEN JAMESON

    EVP & CHIEF MKTG. OFF. - AS OF 4/24

    Total calculated
    $235,428
    From this org
    $37,470
    From related orgs
    $182,945
    Other
    $15,013
    Hours/week
    9 + 46 related

    Schedule J breakdown matched by us

    Base
    $37,269 + $181,963 related
    Bonus
    $0
    Other
    $201 + $982 related
    Deferred
    $2,334 + $11,397 related
    Nontaxable benefits
    $218 + $1,064 related
    Filer's total
    $40,022 + $195,406 related
  • JYOTHI PERLA

    MANAGER HRIS

    Total calculated
    $194,007
    From this org
    $140,744
    From related orgs
    $0
    Other
    $53,263
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $116,440
    Bonus
    $0
    Other
    $24,304
    Deferred
    $10,686
    Nontaxable benefits
    $42,577
    Filer's total
    $194,007
  • SHELLEY WHITSEY-MITCHELL

    REGIONAL MGR DONOR SERVICES

    Total calculated
    $162,897
    From this org
    $139,910
    From related orgs
    $0
    Other
    $22,987
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $97,437
    Bonus
    $40,734
    Other
    $1,739
    Deferred
    $9,961
    Nontaxable benefits
    $13,026
    Filer's total
    $162,897
  • JACK STEIN

    HBC ORACLE PROGRAMMER

    Total calculated
    $147,571
    From this org
    $115,596
    From related orgs
    $0
    Other
    $31,975
    Hours/week
    55
  • FRED GEILFUSS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • L ALAN WHALEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • COREEN DICUS-JOHNSON JD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • RON MILLER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • NICHOLAS BAUER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • DAVID GINSBURG MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • CECELIA GORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • GAIL HANSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • THOMAS HAUSKE JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • SHERRY HUSA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • DALE KENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • ROBERT H MANEGOLD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • JEFFREY S MCDONALD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • MAGGEY OPLINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • JOHN PERRAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • KATHY THORNTON-BIAS

    BOARD MEMBER - THRU 6/24

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • GREG WESLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • PETER ZIEGLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
TOP MANAGEMENT'S COMPENSATION THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE, SETS AND MONITORS THE COMPENSATION PHILOSOPHY FOR THE FILING ORGANIZATION. OTHER THAN THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER, THE EXECUTIVE COMMITTEE DOES NOT INCLUDE MEMBERS OF MANAGEMENT. TO ENSURE THAT THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO VERSITI COMPENSATION ARRANGEMENTS, THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER RECUSES HER/HIMSELF FROM ALL DISCUSSIONS AND APPROVALS RELATED TO HER/HIS COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWS EXECUTIVE COMPENSATION ARRANGEMENTS TO ENSURE SUCH ARRANGEMENTS ARE FAIR, REASONABLE, AND NOT EXCESSIVE WHEN COMPARED TO SIMILARLY-SITUATED EXECUTIVES. EXECUTIVE COMPENSATION ARRANGEMENTS ARE REVIEWED FOR REASONABLENESS AND APPROVED BY THE EXECUTIVE COMMITTEE ANNUALLY IN ACCORDANCE WITH THE VERSITI REASONABLENESS REVIEW POLICY. IN ORDER TO ASSESS THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS, THE EXECUTIVE COMMITTEE OBTAINS AND REVIEWS APPROPRIATE COMPARABILITY DATA COLLECTED BY THE HUMAN RESOURCE DEPARTMENT AND/OR AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE ENGAGES A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT ANNUALLY. THE INDEPENDENT CONSULTANT PERFORMS AN ANALYSIS OF COMPENSATION LEVELS AT REGIONAL AND NATIONAL ORGANIZATIONS OF COMPARABLE SIZE, SCOPE AND STRUCTURE AND PROVIDES THE COMMITTEE WITH COMPREHENSIVE DATA ON THE AVAILABILITY OF SIMILAR SERVICES WITHIN THE GEOGRAPHIC AREA, COMPENSATION SURVEYS, WRITTEN OFFERS FROM SIMILAR INSTITUTIONS, AND OTHER INFORMATION RELEVANT TO COMPARABILITY OF COMPENSATION. THE EXECUTIVE COMMITTEE'S REVIEW, RECOMMENDATIONS AND APPROVALS ARE DOCUMENTED CONCURRENTLY IN THE COMMITTEE MINUTES, WHICH ARE SUBSEQUENTLY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE. THE COMMITTEE CHAIR VERBALLY COMMUNICATES TO THE VERSITI BOARD OF DIRECTORS A CONFIRMATION OF COMPENSATION REASONABLENESS AND THE OVERALL DUE DILIGENCE PROCESS. VERSITI ILLINOIS HAS INCENTIVE PROGRAMS FOR THE CHIEF EXECUTIVE OFFICER AND OTHER CORPORATE OFFICERS DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE EXECUTIVE COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE COMMITTEE EVALUATES THE CEO'S PERFORMANCE AGAINST ESTABLISHED OBJECTIVES, DETERMINES INCENTIVE PAYMENT AND MERIT INCREASE BASED UPON PERFORMANCE AND MARKET DATA PROVIDED BY THE THIRD PARTY COMPENSATION CONSULTANT, AND WORKS WITH THE CEO TO ESTABLISH OBJECTIVES FOR THE NEXT YEAR. -OTHER CORPORATE OFFICERS - THE BOARD OF DIRECTORS HAS DELAGATED TO THE CEO THE PERFORMANCE ASSESSMENT AND COMPENSATION DECISIONS FOR HIS/HER TEAM AND LEADERS ELIGIBLE FOR THE VERSITI LEADERSHIP INCENTIVE PLAN. DURING THE MAY MEETING, THE EXECUTIVE COMMITTEE REVIEWS THE INCENTIVES (SHORT AND LONG-TERM) PAYOUTS AND MERIT INCREASES ASSIGNED TO THE EXECUTIVE TEAM AS PART OF THE ANNUAL COMPENSATION REASONABILITY REVIEW CONDUCTED BY AON CONSULTANTS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE SALARY INCREASES AND INCENTIVE PAYOUTS OF THE CEO BEFORE PAYMENT. CORPORATE OFFICERS ARE POSITIONED WITHIN THE APPROPRIATE SALARY RANGE BASED UPON: -EXECUTIVE'S KNOWLEDGE, COMPETENCIES, AND EXPERIENCE, -PERFORMANCE OF THE EXECUTIVE'S AREAS OF RESPONSIBILITY, -THE EXECUTIVE'S CONTRIBUTION TO OVERALL PERFORMANCE, -THE IMPORTANCE OF RETAINING THE EXECUTIVE, -INTERNAL EQUITY CONSIDERATIONS, -THE FINANCIAL RESOURCES AVAILABLE, AND -EXECUTIVE BASE SALARY INCREASES PROVIDED IN THE COMPETITIVE MARKET
PART I, LINE 5A, 5B, 6A, 6B AND 7:
NON-FIXED PAYMENTS INCENTIVE PAYOUT OPPORTUNITIES, BASED ON PERCENTAGE OF BASE PAY RATE, ARE AVAILABLE TO CERTAIN EMPLOYEES OF THE FILING ORGANIZATION. WHILE LEVELS OF THE INCENTIVE PAYOUT OPPORTUNITY ARE FIXED AND DETERMINED PERCENTAGES OF BASE COMPENSATION; THE INCENTIVE PAYOUT IS DETRMINED; IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNINGS OF OPERATING DIVISIONS. THE INCENTIVE PAYOUT IS SUBJECT TO THE REVIEW OF ACCOMPLISHMENTS/OBJECTIVES AND THE ULTIMATE DETERMINATION OF INCENTIVE COMPENSATION IS SUBJECT TO PRESIDENT/CEO AND EXECUTIVE COMMITTEE OF THE BOARD APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349304564

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