Versiti Michigan Inc
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $69,044,445↑6% | $65,377,053↑2% | $44,741,001↑10% | — |
| 2022 | $65,203,787↓2% | $63,869,912↑1% | $40,583,920↓1% | — |
| 2021 | $66,476,683↑11% | $63,171,008↑8% | $40,816,832↑6% | — |
| 2020 | $59,930,263↑3% | $58,580,268↓1% | $38,388,950↑13% | — |
| 2019 | $58,063,694↑4% | $59,125,807↑4% | $33,870,208↓1% | — |
| 2018 | $56,063,207↓1% | $56,714,128↑3% | $34,281,735↓8% | — |
| 2017 | $56,579,937 | $55,139,545↓3% | $37,358,913↑6% | — |
| 2016 | $56,801,975↑19% | $57,065,989↑20% | $35,404,153↑2% | — |
| 2015 | $47,589,538↑8% | $47,620,881↑14% | $34,842,679↑3% | — |
| 2014 | $44,041,354↑83% | $41,902,724↑98% | $33,713,554↑2% | — |
| 2013 | $24,079,616↓41% | $21,181,588↓48% | $32,996,918↑11% | — |
| 2013 | $40,883,735↓1% | $40,742,983↓2% | $29,672,711 | — |
| 2012 | $41,439,374 | $41,476,347 | $29,624,512 | — |
Frequently Asked Questions
What does Versiti Michigan Inc do?▼
Versiti Michigan Inc is a health care nonprofit organization based in Michigan. It is classified under NTEE code E61Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Versiti Michigan Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Versiti Michigan Inc has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Versiti Michigan Inc generate?▼
Versiti Michigan Inc reports $74.8M in annual revenue and holds $49.4M in total assets, based on IRS filings.
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