Overview
What is Versiti Wisconsin Inc?
Versiti Wisconsin Inc, based in Milwaukee, Wisconsin, is a leading blood health innovator with a mission to enhance lives through discovery, diagnosis, and treatment. With 1,301 employees, Versiti Wisconsin operates the Comprehensive Center for Bleeding Disorders under a federal subaward agreement of the Social Security Act. The center offers essential services to patients with bleeding and clotting disorders and their families, providing access to discounted specialty pharmaceuticals through the 340B Drug Discount Program. These funds are allocated to activities and expenditures furthering eligible projects and program objectives, such as patient care, education, support services, approved grant research, and other costs. Versiti distributes these specialty pharmacy products to both home care patients and hospital systems. In 2022, they supplied 17,695 vials of these vital products.
Official website here: www.versiti.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Versiti Wisconsin Inc has achieved an impressive Four-Star rating from Charity Navigator, showcasing its strong commitment to accountability and financial health. The charity's score reflects an outstanding performance in the Accountability & Finance beacon, with a perfect score across various metrics such as board independence, financial oversight, and transparency in operations.
The organization boasts a fully independent board with 15 members, which is indicative of robust governance practices. Furthermore, Versiti maintains comprehensive financial statements and policies, including conflict of interest and whistleblower protections, reinforcing its reliability as a nonprofit entity. Notably, the organization allocates 85.94% of its expenses directly to its programs, demonstrating an effective use of resources.
While the ratings highlight Versiti’s strengths in financial management and governance, it is essential for potential donors and supporters to consider ongoing engagement and follow-up on the organization's impact in the community. Overall, the financial health and operational integrity of Versiti Wisconsin Inc position it as a commendable option for philanthropic contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Versiti Wisconsin Inc legitimate?
Versiti Wisconsin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Versiti Wisconsin Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,124,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,002,577
For more financial information, click here
Official website here: www.versiti.org
What is the mission statement of Versiti Wisconsin Inc?
Versiti Wisconsin Inc, as a blood health innovator, enhances lives through discovery, diagnosis, and treatment. By integrating science, medicine, and service, Versiti expands the frontiers of patient health. The organization operates the Comprehensive Center for Bleeding Disorders, providing essential services to bleeding and clotting disorder patients and their families. As a covered entity under the Federal 340B Drug Discount Program, Versiti is eligible to access specialty pharmaceuticals at discounted pricing. The income generated from pharmaceutical net sales is restricted to activities and expenditures that further eligible projects and program objectives, such as patient care, education, support services, approved grant research, and other costs. Versiti provides these specialty pharmacy products to home care patients and hospital systems, with 17,695 vials distributed during 2022.
Official website here: www.versiti.org
Who is the CEO of Versiti Wisconsin Inc?
Chris Miskel is the CEO of Versiti Wisconsin Inc The CEO's salary of Versiti Wisconsin Inc is $598,543 and their total compensation is $1,480,476.
Official website here: www.versiti.org
What is the revenue of Versiti Wisconsin Inc?
Versiti Wisconsin Inc's revenue in 2023 was $235,204,492.
Official website here: www.versiti.org
Who are the executives of Versiti Wisconsin Inc and what are their salaries?
The average compensation at Versiti Wisconsin Inc during 2023 was $61,674. There are 1283 employees and 292 volunteers at Versiti Wisconsin Inc.
Here are 35 key members and their salaries (Versiti Wisconsin Inc's CEO's salary is $598,543 and their total compensation is $1,480,476):
- Compensation: $598,543
- Related: $826,558
- Other: $55,375
- Compensation: $0
- Related: $0
- Other: $0
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- Compensation: $302,795
- Related: $418,145
- Other: $64,225
- Compensation: $311,566
- Related: $430,257
- Other: $40,131
- Compensation: $288,748
- Related: $398,745
- Other: $54,302
- Compensation: $611,478
- Related: $32,182
- Other: $39,453
- Compensation: $260,471
- Related: $359,696
- Other: $56,985
- Compensation: $232,428
- Related: $320,977
- Other: $62,979
- Compensation: $546,023
- Related: $0
- Other: $25,848
- Compensation: $214,033
- Related: $295,574
- Other: $54,653
- Compensation: $218,935
- Related: $302,345
- Other: $42,404
- Compensation: $199,119
- Related: $274,980
- Other: $50,984
- Compensation: $69,419
- Related: $95,865
- Other: $12,988
- Compensation: $449,993
- Related: $0
- Other: $63,620
- Compensation: $410,742
- Related: $0
- Other: $39,073
- Compensation: $367,763
- Related: $0
- Other: $48,731
- Compensation: $373,341
- Related: $0
- Other: $40,023
- Compensation: $371,996
- Related: $0
- Other: $39,360
Official website here: www.versiti.org
Where can I find the form 990 for Versiti Wisconsin Inc?
Versiti Wisconsin Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.versiti.org
Learn more at the official website: www.versiti.org
Mission Statement of Versiti Wisconsin Inc
Versiti Wisconsin, a pioneering blood health innovator, enhances lives through the integration of science, medicine, and service. Dedicated to discovery, diagnosis, and treatment, Versiti expands the frontiers of patient health. The organization's primary focus is on individuals with bleeding and clotting disorders and their families.
Versiti operates the Comprehensive Center for Bleeding Disorders (CCBD), a covered entity under a federal subaward agreement of the Social Security Act. CCBD is committed to providing critical services to patients suffering from bleeding and clotting disorders. As a participant in the 340B Drug Discount Program, Versiti is eligible to access specialty pharmaceuticals at discounted pricing. This program income is restricted to activities and expenditures that further eligible projects and program objectives, including patient care, education, support services, approved grant research, and other costs. Versiti distributes these specialty pharmacy products to home care patients and hospital systems. In 2022, 17,695 vials of specialty pharmacy products were dispensed by Versiti.
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Impact
October, 2024
Versiti Wisconsin Inc significantly enhances the health and well-being of patients through its innovative approaches to blood health. By integrating science, medicine, and dedicated service, Versiti plays a critical role in discovery, diagnosis, and treatment, making substantial contributions to healthcare in the community.
One of the cornerstone initiatives of Versiti is its operation of the Comprehensive Center for Bleeding Disorders (CCBD). This center provides essential services to individuals and families affected by bleeding and clotting disorders, offering support that can be vital for their quality of life. Through its programs, patients receive the necessary care and resources tailored to their specific needs.
Furthermore, Versiti's participation in the Federal 340B Drug Discount Program allows it to access specialty pharmaceuticals at reduced prices. This enables the organization to provide these vital medications to home care patients and hospital systems without the burden of high costs. In just 2022, Versiti distributed an impressive 17,695 vials of specialty pharmacy products, underscoring its commitment to patient care and support.
Overall, Versiti Wisconsin Inc’s impact is multifaceted, advancing patient health while fostering an environment of continuous medical innovation and education, ensuring that those in need receive the support and care they deserve.
This information is meant to be a general summary of Versiti Wisconsin Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,454,842
- Program Service Revenue: $195,099,800
- Gross Receipts: $239,911,536
Assets and Liabilities:
- Total Assets: $141,863,484
- Total Liabilities: $26,736,333
- Net Assets: $115,127,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHARMACY
Revenue
$54,436,294
BLOOD SERVICES
Revenue
$52,099,123
DIAGNOSTIC LABORATORIES
Revenue
$46,842,987
ORGAN AND TISSUE DONATION
Revenue
$22,696,296
MEDICAL SERVICES
Revenue
$10,878,454
Organization Details
Founding Year
1947
Principal Officer
Chris Miskel
Website
www.versiti.orgNTEE Category
Code: E610 - Health
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