EHealth CareEIN: 381550001· Ruling Year: 1964

Versiti Michigan Inc

Grand Rapids, Michigan

B+Health Score
71B+

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)

This Org0.59×
Peer Median8.62×
💰
$69.0M
Total Revenue
📊
$65.4M
Total Expenses
🏦
$38.7M
Net Assets
📋
$6.1M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.9%
Year-over-year change (2022 → 2023)
Net Margin
+5.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.59
Net assets divided by total expenses
Liabilities-to-Assets
13.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$69,044,4456%$65,377,0532%$44,741,00110%
2022$65,203,7872%$63,869,9121%$40,583,9201%
2021$66,476,68311%$63,171,0088%$40,816,8326%
2020$59,930,2633%$58,580,2681%$38,388,95013%
2019$58,063,6944%$59,125,8074%$33,870,2081%
2018$56,063,2071%$56,714,1283%$34,281,7358%
2017$56,579,937$55,139,5453%$37,358,9136%
2016$56,801,97519%$57,065,98920%$35,404,1532%
2015$47,589,5388%$47,620,88114%$34,842,6793%
2014$44,041,35483%$41,902,72498%$33,713,5542%
2013$24,079,61641%$21,181,58848%$32,996,91811%
2013$40,883,7351%$40,742,9832%$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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Versiti Michigan Inc — Grand Rapids, MI | GiveScope