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Nonprofiteer
← VERSITI ILLINOIS INC

Form 990 for tax year 2022

Filed by VERSITI ILLINOIS INC.

Totals

Total revenue
$62,881,816
Total expenses
$56,797,670
Contributions and grants received
$1,411
Grants paid
$79,665
Program service revenue
$60,144,207
Investment income
$2,736,198
Other revenue
$0
Total assets, end of year
$66,698,055
Total liabilities, end of year
$5,018,157
Net assets or fund balances, end of year
$61,679,898
Program services expenses (Part IX)
$48,017,951
Management and general expenses
$8,779,719
Fundraising expenses
$0
Program service expenses (Part III)
$48,017,951

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
    $1,401,640
    From this org
    $243,135
    From related orgs
    $1,107,611
    Other
    $50,894
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $134,112 + $610,954 related
    Bonus
    $105,122 + $478,888 related
    Other
    $3,901 + $17,769 related
    Deferred
    $3,690 + $16,810 related
    Nontaxable benefits
    $5,471 + $24,923 related
    Filer's total
    $252,296 + $1,149,344 related
  • BRIAN BAUTISTA

    EVP & CHIEF OPERATING OFFICER

    Total calculated
    $759,440
    From this org
    $127,406
    From related orgs
    $580,404
    Other
    $51,630
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $80,164 + $365,191 related
    Bonus
    $43,413 + $197,772 related
    Other
    $3,829 + $17,441 related
    Deferred
    $3,558 + $16,210 related
    Nontaxable benefits
    $5,736 + $26,126 related
    Filer's total
    $136,700 + $622,740 related
  • BART REUTER

    EVP & GENERAL COUNSEL

    Total calculated
    $714,657
    From this org
    $117,741
    From related orgs
    $536,372
    Other
    $60,544
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $70,245 + $320,003 related
    Bonus
    $43,442 + $197,903 related
    Other
    $4,054 + $18,466 related
    Deferred
    $3,843 + $17,507 related
    Nontaxable benefits
    $7,055 + $32,139 related
    Filer's total
    $128,639 + $586,018 related
  • GITESH DUBAL

    EVP & CHIEF MARKETING OFFICER

    Total calculated
    $649,066
    From this org
    $107,407
    From related orgs
    $489,296
    Other
    $52,363
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $64,732 + $294,890 related
    Bonus
    $38,772 + $176,629 related
    Other
    $3,903 + $17,777 related
    Deferred
    $3,690 + $16,810 related
    Nontaxable benefits
    $5,736 + $26,127 related
    Filer's total
    $116,833 + $532,233 related
  • ANTHONY WATKINS

    EVP & CHIEF FINANCIAL OFFICER

    Total calculated
    $646,646
    From this org
    $105,907
    From related orgs
    $482,462
    Other
    $58,277
    Hours/week
    8 + 36 related

    Schedule J breakdown matched by us

    Base
    $65,860 + $300,027 related
    Bonus
    $35,612 + $162,230 related
    Other
    $4,435 + $20,205 related
    Deferred
    $3,843 + $17,507 related
    Nontaxable benefits
    $6,647 + $30,280 related
    Filer's total
    $116,397 + $530,249 related
  • MICHAEL DEININGER MD

    EVP & CHIEF SCIENTIFIC OFFICER

    Total calculated
    $626,680
    From this org
    $0
    From related orgs
    $589,520
    Other
    $37,160
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,101 related
    Bonus
    $0 + $33,530 related
    Other
    $0 + $60,889 related
    Deferred
    $0 + $16,060 related
    Nontaxable benefits
    $0 + $21,100 related
    Filer's total
    $0 + $626,680 related
  • BRADLEY PIETZ

    EVP & CHIEF LABORATORY OFFICER

    Total calculated
    $538,506
    From this org
    $86,473
    From related orgs
    $393,936
    Other
    $58,097
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $49,975 + $227,665 related
    Bonus
    $32,342 + $147,338 related
    Other
    $4,156 + $18,933 related
    Deferred
    $3,746 + $17,068 related
    Nontaxable benefits
    $6,711 + $30,572 related
    Filer's total
    $96,930 + $441,576 related
  • JAMES WEIDNER

    EVP & CHIEF HR OFFICER

    Total calculated
    $520,352
    From this org
    $84,538
    From related orgs
    $385,116
    Other
    $50,698
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $53,851 + $245,319 related
    Bonus
    $26,144 + $119,101 related
    Other
    $4,543 + $20,696 related
    Deferred
    $3,843 + $17,507 related
    Nontaxable benefits
    $5,282 + $24,066 related
    Filer's total
    $93,663 + $426,689 related
  • LYNNE BRIGGS

    VP & CHIEF INFORMATION OFFICER

    Total calculated
    $487,347
    From this org
    $77,145
    From related orgs
    $351,441
    Other
    $58,761
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $54,223 + $247,019 related
    Bonus
    $21,926 + $99,887 related
    Other
    $996 + $4,535 related
    Deferred
    $4,392 + $20,008 related
    Nontaxable benefits
    $6,185 + $28,176 related
    Filer's total
    $87,722 + $399,625 related
  • ALEXANDRA PIEPER

    VP & CHIEF QUALITY OFFICER

    Total calculated
    $377,214
    From this org
    $58,938
    From related orgs
    $268,496
    Other
    $49,780
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $51,896 + $236,415 related
    Bonus
    $0
    Other
    $7,042 + $32,081 related
    Deferred
    $3,690 + $16,810 related
    Nontaxable benefits
    $5,270 + $24,010 related
    Filer's total
    $67,898 + $309,316 related
  • MARGARET MCELLIGOTT

    FORMER VP & CHIEF QUALITY OFFICER

    Total calculated
    $349,051
    From this org
    $57,393
    From related orgs
    $261,459
    Other
    $30,199
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $27,991 + $127,515 related
    Bonus
    $24,998 + $113,882 related
    Other
    $4,404 + $20,062 related
    Deferred
    $2,596 + $11,827 related
    Nontaxable benefits
    $2,840 + $12,936 related
    Filer's total
    $62,829 + $286,222 related
  • KEVIN HA

    HBC ASSOCIATE MEDICAL DIRECTOR

    Total calculated
    $269,276
    From this org
    $239,103
    From related orgs
    $0
    Other
    $30,173
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $226,390
    Bonus
    $12,250
    Other
    $463
    Deferred
    $16,060
    Nontaxable benefits
    $14,113
    Filer's total
    $269,276
  • DANA KNIGHT

    HBC DIRECTOR OF QUALITY ASSURANCE

    Total calculated
    $213,149
    From this org
    $190,989
    From related orgs
    $0
    Other
    $22,160
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $162,457
    Bonus
    $27,200
    Other
    $1,332
    Deferred
    $11,530
    Nontaxable benefits
    $10,630
    Filer's total
    $213,149
  • AMY SMITH

    DIRECTOR DONOR SERVICES

    Total calculated
    $268,755
    From this org
    $130,482
    From related orgs
    $90,674
    Other
    $47,599
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $107,082 + $74,413 related
    Bonus
    $22,385 + $15,555 related
    Other
    $1,015 + $706 related
    Deferred
    $6,132 + $4,262 related
    Nontaxable benefits
    $21,951 + $15,254 related
    Filer's total
    $158,565 + $110,190 related
  • BARBARA BRYANT

    EVP & CHIEF MED OFF - AS OF 11/2022

    Total calculated
    $199,733
    From this org
    $0
    From related orgs
    $195,264
    Other
    $4,469
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $76,464 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $68,800 related
    Deferred
    $0 + $4,119 related
    Nontaxable benefits
    $0 + $350 related
    Filer's total
    $0 + $199,733 related
  • EMILY ALANIS

    REG MANAGER OF DONOR RECRUITMENT

    Total calculated
    $174,529
    From this org
    $131,053
    From related orgs
    $0
    Other
    $43,476
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $79,463
    Bonus
    $50,523
    Other
    $1,067
    Deferred
    $9,803
    Nontaxable benefits
    $33,673
    Filer's total
    $174,529
  • JYOTHI PERLA

    MANAGER HRIS

    Total calculated
    $155,271
    From this org
    $146,660
    From related orgs
    $0
    Other
    $8,611
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $113,346
    Bonus
    $12,000
    Other
    $21,314
    Deferred
    $7,417
    Nontaxable benefits
    $1,194
    Filer's total
    $155,271
  • JOSHUA J FIELD MD

    SR MED DIR(INT CH MED OFF)-THRU 4/22

    Total calculated
    $152,634
    From this org
    $0
    From related orgs
    $138,846
    Other
    $13,788
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $93,924 related
    Bonus
    $0 + $27,220 related
    Other
    $0 + $17,702 related
    Deferred
    $0 + $4,534 related
    Nontaxable benefits
    $0 + $9,254 related
    Filer's total
    $0 + $152,634 related
  • THOMAS HAUSKE JR

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • FRED GEILFUSS

    VICE CHAIR; LEGAL ADVISOR

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

    SECRETARY

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

    TREASURER

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

    BOARD MEMBER

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

    BOARD MEMBER

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

    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
  • RON MILLER

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • L ALAN WHALEY

    BOARD MEMBER

    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

  • 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 VERSITI BOARD OF DIRECTORS, ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE, SETS AND MONITORS THE COMPENSATION PHILOSOPHY FOR VERSITI AND THE RELATED ENTITIES THAT IT SUPPORTS, INCLUDING VERSITI ILLINOIS. 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, ONE MEMBER OF THE COMMITTEE RECUSES HIMSELF FROM DISCUSSIONS AND APPROVALS RELATED TO COMPENSATION; IN ADDITION, THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER RECUSES HER/HIMSELF FROM ALL DISCUSSIONS AND APPROVALS RELATED TO HER/HIS COMPENSATION. THE VERSITI EXECUTIVE COMMITTEE REVIEWS VERSITI ILLINOIS 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 AND VERSITI ILLINOIS HAVE 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 VERSITI/VERSITI ILLINOIS 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 VERSITI/VERSITI ILLINOIS 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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202343059349301664

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