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Versiti Inc

EIN 45-4675354 · Milwaukee, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak25 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 0% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

VERSITI, INC. (VERSITI) SUPPORTS CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ITS AFFILIATES AND OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES AND RESEARCH.

Income
$33.8 million
Spending
$34.0 million
Spent on programs
0%
Reserves
-0.9 months of spending
Largest source of income
fees for its services, 97%
Employees
11
Volunteers
17
Highest pay
$1.7 million, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 25 out of 100. Higher than 2% of charities in its peer group (health care, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 100% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    0 of 15

    0% of spending went to programs.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 52% of charities in its peer group (health care, $10m to $100m).

  • Independent board

    25 of 25

    17 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $132,500 spent. VERSITI, INC. SERVES AS THE PARENT ORGANIZATION COORDINATING BLOOD SERVICES, MEDICAL CARE, AND RESEARCH ACTIVITIES ACROSS A FIVE-STATE REGION TO ADVANCE PUBLIC HEALTH AND SAVE LIVES THROUGH COMPREHENSIVE BLOOD SCIENCE PROGRAMS. ROOTED IN ITS NONPROFIT MISSION, VERSITI PROVIDES STRATEGIC OVERSIGHT AND OPERATIONAL COORDINATION FOR BLOOD COLLECTION, DIAGNOSTIC TESTING, ORGAN PROCUREMENT, RESEARCH, AND SPECIALIZED MEDICAL SERVICES THROUGHOUT WISCONSIN, ILLINOIS, INDIANA, MICHIGAN, AND OHIO. VERSITI, INC. PROVIDES ESSENTIAL INFRASTRUCTURE INCLUDING INFORMATION TECHNOLOGY SYSTEMS, QUALITY ASSURANCE PROGRAMS, AND REGULATORY COMPLIANCE OVERSIGHT THAT ENABLE EFFICIENT OPERATIONS ACROSS ALL STATES AND SERVICE LINES. THE ORGANIZATION'S COMMITMENT TO ADVANCING BLOOD SCIENCE INCLUDES SUPPORT FOR (CONTINUED IN SCHEDULE O) RESEARCH INITIATIVES, CLINICAL TRIALS, AND EDUCATIONAL PROGRAMS THAT STRENGTHEN TRANSFUSION MEDICINE AND HEMATOLOGY. THROUGH INTEGRATED LEADERSHIP AND COORDINATED SERVICE DELIVERY, VERSITI, INC. STRENGTHENS REGIONAL BLOOD SUPPLY INFRASTRUCTURE WHILE ADVANCING MEDICAL CARE AND SCIENTIFIC DISCOVERY TO BENEFIT PATIENTS THROUGHOUT THE MIDWEST.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2012.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.