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Nonprofiteer
← VERSITI MICHIGAN INC

Form 990 for tax year 2022

Filed by VERSITI MICHIGAN INC.

Totals

Total revenue
$65,203,787
Total expenses
$63,869,912
Contributions and grants received
$562,299
Grants paid
$86,325
Program services expenses (Part IX)
$54,405,405
Management and general expenses
$9,464,507
Fundraising expenses
$0
Program service expenses (Part III)
$54,405,405

Program services were 85.2% 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
    $270,149
    From related orgs
    $1,080,597
    Other
    $50,894
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $149,013 + $596,053 related
    Bonus
    $116,802 + $467,208 related
    Other
    $4,334 + $17,336 related
    Deferred
    $4,100 + $16,400 related
    Nontaxable benefits
    $6,078 + $24,316 related
    Filer's total
    $280,327 + $1,121,313 related
  • BRIAN BAUTISTA

    EVP & CHIEF OPERATING OFFICER

    Total calculated
    $759,440
    From this org
    $141,562
    From related orgs
    $566,248
    Other
    $51,630
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $89,071 + $356,284 related
    Bonus
    $48,237 + $192,948 related
    Other
    $4,254 + $17,016 related
    Deferred
    $3,954 + $15,814 related
    Nontaxable benefits
    $6,372 + $25,490 related
    Filer's total
    $151,888 + $607,552 related
  • BART REUTER

    EVP & GENERAL COUNSEL

    Total calculated
    $714,657
    From this org
    $130,823
    From related orgs
    $523,290
    Other
    $60,544
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $78,050 + $312,198 related
    Bonus
    $48,269 + $193,076 related
    Other
    $4,504 + $18,016 related
    Deferred
    $4,270 + $17,080 related
    Nontaxable benefits
    $7,838 + $31,356 related
    Filer's total
    $142,931 + $571,726 related
  • GITESH DUBAL

    EVP & CHIEF MARKETING OFFICER

    Total calculated
    $649,066
    From this org
    $119,340
    From related orgs
    $477,363
    Other
    $52,363
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $71,924 + $287,698 related
    Bonus
    $43,080 + $172,321 related
    Other
    $4,336 + $17,344 related
    Deferred
    $4,100 + $16,400 related
    Nontaxable benefits
    $6,372 + $25,491 related
    Filer's total
    $129,812 + $519,254 related
  • ANTHONY WATKINS

    EVP & CHIEF FINANCIAL OFFICER

    Total calculated
    $646,646
    From this org
    $117,673
    From related orgs
    $470,696
    Other
    $58,277
    Hours/week
    9 + 35 related

    Schedule J breakdown matched by us

    Base
    $73,177 + $292,710 related
    Bonus
    $39,568 + $158,274 related
    Other
    $4,928 + $19,712 related
    Deferred
    $4,270 + $17,080 related
    Nontaxable benefits
    $7,385 + $29,542 related
    Filer's total
    $129,328 + $517,318 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
    $96,082
    From related orgs
    $384,327
    Other
    $58,097
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $55,528 + $222,112 related
    Bonus
    $35,936 + $143,744 related
    Other
    $4,618 + $18,471 related
    Deferred
    $4,163 + $16,651 related
    Nontaxable benefits
    $7,457 + $29,826 related
    Filer's total
    $107,702 + $430,804 related
  • JAMES WEIDNER

    EVP & CHIEF HR OFFICER

    Total calculated
    $520,352
    From this org
    $93,931
    From related orgs
    $375,723
    Other
    $50,698
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $59,834 + $239,336 related
    Bonus
    $29,049 + $116,196 related
    Other
    $5,048 + $20,191 related
    Deferred
    $4,270 + $17,080 related
    Nontaxable benefits
    $5,870 + $23,478 related
    Filer's total
    $104,071 + $416,281 related
  • LYNNE BRIGGS

    VP & CHIEF INFORMATION OFFICER

    Total calculated
    $487,347
    From this org
    $85,718
    From related orgs
    $342,868
    Other
    $58,761
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $60,249 + $240,993 related
    Bonus
    $24,363 + $97,450 related
    Other
    $1,106 + $4,425 related
    Deferred
    $4,880 + $19,520 related
    Nontaxable benefits
    $6,872 + $27,489 related
    Filer's total
    $97,470 + $389,877 related
  • LEEANN WIETEKAMP MD

    SENIOR MEDICAL DIRECTOR

    Total calculated
    $428,473
    From this org
    $399,846
    From related orgs
    $0
    Other
    $28,627
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $315,334
    Bonus
    $47,770
    Other
    $36,742
    Deferred
    $15,250
    Nontaxable benefits
    $13,377
    Filer's total
    $428,473
  • ALEXANDRA PIEPER

    VP & CHIEF QUALITY OFFICER

    Total calculated
    $377,214
    From this org
    $65,487
    From related orgs
    $261,947
    Other
    $49,780
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $57,662 + $230,649 related
    Bonus
    $0
    Other
    $7,825 + $31,298 related
    Deferred
    $4,100 + $16,400 related
    Nontaxable benefits
    $5,856 + $23,424 related
    Filer's total
    $75,443 + $301,771 related
  • MARGARET MCELLIGOTT

    FORMER VP & CHIEF QUALITY OFFICER

    Total calculated
    $349,051
    From this org
    $63,771
    From related orgs
    $255,081
    Other
    $30,199
    Hours/week
    11 + 44 related

    Schedule J breakdown matched by us

    Base
    $31,101 + $124,405 related
    Bonus
    $27,776 + $111,104 related
    Other
    $4,894 + $19,572 related
    Deferred
    $2,885 + $11,538 related
    Nontaxable benefits
    $3,155 + $12,621 related
    Filer's total
    $69,811 + $279,240 related
  • DAWN KAISER

    AVP & DIRECTOR OF DONOR SERVICES

    Total calculated
    $215,515
    From this org
    $182,699
    From related orgs
    $0
    Other
    $32,816
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $162,455
    Bonus
    $18,750
    Other
    $1,494
    Deferred
    $8,519
    Nontaxable benefits
    $24,297
    Filer's total
    $215,515
  • 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
  • ASHLEY K MINOR

    REG MANAGER OF DONOR RECRUITMENT

    Total calculated
    $163,577
    From this org
    $120,170
    From related orgs
    $0
    Other
    $43,407
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $58,131
    Bonus
    $61,467
    Other
    $572
    Deferred
    $6,526
    Nontaxable benefits
    $36,881
    Filer's total
    $163,577
  • M ELIZABETH ATKINSON COLE MD

    ASSOCIATE MEDICAL DIRECTOR

    Total calculated
    $158,980
    From this org
    $155,128
    From related orgs
    $0
    Other
    $3,852
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $152,308
    Bonus
    $0
    Other
    $2,820
    Deferred
    $2,619
    Nontaxable benefits
    $1,233
    Filer's total
    $158,980
  • PERPETUE U BARIYANGA

    ADV REG NURSE THERAPEUTIC SERVICES

    Total calculated
    $155,036
    From this org
    $133,384
    From related orgs
    $0
    Other
    $21,652
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $131,223
    Bonus
    $350
    Other
    $1,811
    Deferred
    $6,865
    Nontaxable benefits
    $14,787
    Filer's total
    $155,036
  • 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
  • GREG WESLEY

    BOARD MEMBER

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

    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 — 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 MICHIGAN. 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 MICHIGAN 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 MICHIGAN 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 MICHIGAN 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 MICHIGAN 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 DETERMINED, IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNING 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

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
202303059349301760

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