Civic Intelligence

Versiti Michigan Inc.

990 • Fiscal year 2015 • EIN 38-1550001

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 10, 2016

Organization Profilewww.miblood.org

View Organization Page

PO Box 1704Grand Rapids, MI 49501-1704

(616) 774-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.18x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.13x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

30th percentile

-0.1%

Higher net margin than 30% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$487,266

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

58th percentile

3.3%

Faster asset growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

8.1%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$34,842,679

Up $1,129,125 (+3.3%) from 2014

Net Assets

Down

$28,558,637

Down $908,460 (-3.1%) from 2014

Liabilities

Up

$6,284,042

Up $2,037,585 (+48%) from 2014

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin30th percentile

Revenue

Up

$47,589,538

Up $3,548,184 (+8.1%) from 2014

Expenses

Up

$47,620,881

Up $5,718,157 (+14%) from 2014

Net Income

Down

-$31,343

Down $2,169,973 (-101%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $29,095,062Liabilities 2011: $3,429,208Net Assets 2011: $25,665,8542011Assets 2012: $29,624,512Liabilities 2012: $3,842,689Net Assets 2012: $25,781,8232012Assets 2013: $32,996,918Liabilities 2013: $3,429,026Net Assets 2013: $29,567,8922013Assets 2014: $33,713,554Liabilities 2014: $4,246,457Net Assets 2014: $29,467,0972014Assets 2015: $34,842,679Liabilities 2015: $6,284,042Net Assets 2015: $28,558,6372015Assets 2016: $35,404,153Liabilities 2016: $6,672,254Net Assets 2016: $28,731,8992016Assets 2017: $37,358,913Liabilities 2017: $6,534,165Net Assets 2017: $30,824,7482017Assets 2018: $34,281,735Liabilities 2018: $5,106,361Net Assets 2018: $29,175,3742018Assets 2019: $33,870,208Liabilities 2019: $4,210,048Net Assets 2019: $29,660,1602019Assets 2020: $38,388,950Liabilities 2020: $6,253,924Net Assets 2020: $32,135,0262020Assets 2021: $40,816,832Liabilities 2021: $5,133,321Net Assets 2021: $35,683,5112021Assets 2022: $40,583,920Liabilities 2022: $5,582,670Net Assets 2022: $35,001,2502022Assets 2023: $44,741,001Liabilities 2023: $6,084,583Net Assets 2023: $38,656,4182023Assets 2024: $49,437,276Liabilities 2024: $5,218,402Net Assets 2024: $44,218,8742024

Highlighted filing

2015

Assets$34,842,679
Liabilities$6,284,042
Net Assets$28,558,637
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2011: $36,224,2822011Revenue 2012: $41,439,374Expenses 2012: $41,476,347Net Income 2012: -$36,9732012Revenue 2013: $24,079,616Expenses 2013: $21,181,588Net Income 2013: $2,898,0282013Revenue 2014: $44,041,354Expenses 2014: $41,902,724Net Income 2014: $2,138,6302014Revenue 2015: $47,589,538Expenses 2015: $47,620,881Net Income 2015: -$31,3432015Revenue 2016: $56,801,975Expenses 2016: $57,065,989Net Income 2016: -$264,0142016Revenue 2017: $56,579,937Expenses 2017: $55,139,545Net Income 2017: $1,440,3922017Revenue 2018: $56,063,207Expenses 2018: $56,714,128Net Income 2018: -$650,9212018Revenue 2019: $58,063,694Expenses 2019: $59,125,807Net Income 2019: -$1,062,1132019Revenue 2020: $59,930,263Expenses 2020: $58,580,268Net Income 2020: $1,349,9952020Revenue 2021: $66,476,683Expenses 2021: $63,171,008Net Income 2021: $3,305,6752021Revenue 2022: $65,203,787Expenses 2022: $63,869,912Net Income 2022: $1,333,8752022Revenue 2023: $69,044,445Expenses 2023: $65,377,053Net Income 2023: $3,667,3922023Revenue 2024: $74,790,441Expenses 2024: $69,635,492Net Income 2024: $5,154,9492024

Highlighted filing

2015

Revenue$47,589,538
Expenses$47,620,881
Net Income-$31,343
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 10, 2016
Return Version
2015v2.1
Gross Receipts
$50,983,926
Mission and Program Overview

Mission

The purpose of michigan blood is to provide a safe and adequate blood supply and blood-related services for the communities served by hospital partners throughout the state. Michigan blood is the sole provider of blood for 41 hospital facilities. These hospitals include major medical centers (secondary- and tertiary-care teaching facilities) serving populations totaling more than 2.25 million people. Through donor centers and blood drives in northwest, east-central, west, and southwest michigan, michigan blood recruits and collects blood from volunteer donors to achieve its lifesaving mission. Annually, michigan blood collects approximately 124,000 units of blood from volunteer blood donors and distributes 238,000 blood components.

Helping people make a lifesaving difference through blood products and service excellence

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,632,835$13,518,280▲ $1,885,445
Investments Other Securities$13,028,464$10,828,666▼ $2,199,798
Accounts Receivable$3,728,281$4,182,559▲ $454,278
Cash and Non-Interest-Bearing Accounts$2,903,799$2,987,192▲ $83,393
Inventories for Sale or Use$1,427,047$2,290,197▲ $863,150
Prepaid Expenses and Deferred Charges$521,798$650,877▲ $129,079
Pledges and Grants Receivable$133,467$30,050▼ $103,417
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$33,713,554$34,842,679▲ $1,129,125
Other Assets Total$337,863$354,858▲ $16,995
Liabilities
Accounts Payable and Accrued Expenses$2,503,336$4,060,130▲ $1,556,794
Mortgage Notes Payable Secured by Investment Property$1,743,121$2,223,912▲ $480,791
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,246,457$6,284,042▲ $2,037,585
Net Assets / Fund Balance
Unrestricted Net Assets$29,442,451$28,464,544▼ $977,907
Temporarily Rstr Net Assets$14,496$83,943▲ $69,447
Permanently Rstr Net Assets$10,150$10,150→ $0
Total Net Assets Fund Balance$29,467,097$28,558,637▼ $908,460
Total Liabilities and Net Assets / Fund Balance$33,713,554$34,842,679▲ $1,129,125

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,301,527$7,775,175$14,076,702
Equipment$3,295,834$7,274,340$10,570,174
Other Land Buildings$762,911$1,960,166$2,723,077
Land$2,546,071-$2,546,071
Leasehold Improvements$611,937$304,926$916,863
Other Securities$10,828,666--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill RietschaPresident/CEOFT$264,060$86,523$350,583
Leeann WietekampVP of Medical ServicesFT$261,080$60,558$321,638
Michael McMahonVP of OperationsFT$117,793$27,258$145,051
Robert EluskieDirector of Info TechnologyFT$116,407$26,247$142,654
Cindy RavenVP of Community RelationsFT$111,590$20,748$132,338
Jennifer Lee BirdDirector of Reg. Compliance/QAFT$111,411$16,637$128,048
James WilsonChief Operating OfficerFT$111,524$7,410$118,934
Mary Catherine LawsonDirector of Donor RecruitmentFT$108,172$5,603$113,775
Anthony WatkinsSr VP & CFOPT$44,486$21,198$65,684
Margaret McElligottVP Quality ServicesPT$26,133$17,574$43,707
Sandi LemonsVP Human Resource ServicesPT$25,148$10,771$35,919
Lynne BriggsVP Information Svcs & CIO-$18,601$8,932$27,533
Maureen KwiecinskiAsst Corporate Secretary-$12,052$5,401$17,453

Board Members and Trustees

NameTitle
Chuck DowneyChair
Mitchell G WattVice Chair
Jack O'Donnell MDDirector
John J PerrasDirector
Linda ConstantinoDirector
Paul KeepDirector
Paul D Smith JrSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,021
Program Service Revenue
$46,720,288
Investment Income
$456,307
Other Revenue
$-78
All Other Contributions
$162,557
Change in Net Assets
$-31,343

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$47,000Fair Market Value (FMV)
Other Non Cash Contri Table57$8,686Fair Market Value (FMV)
Total Noncash Contributions58$55,686-

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,539,207
Revenue Not Reported on Financial Statements
$50,331
Revenue Not Reported on Form 990
$-863,019
Other Revenue Adjustments
$50,331
Total Revenue per Audited Statements
$46,676,188
Total Revenue per Form 990
$47,589,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,298,185
Salaries, Compensation, and Employee Benefits$21,286,696
Grants and Similar Amounts Paid$36,000
Total Fundraising Expense$756
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,354,809$1,872,216-$16,227,025
Other Employee Benefits$2,320,322$249,294-$2,569,616
Depreciation Depletion$1,354,398$82,768-$1,437,166
Payroll Taxes$1,037,878$178,787-$1,216,665
Occupancy$1,190,528$5,807-$1,196,335
Current Officers, Directors, Trustees, and Key Employees-$981,451-$981,451
Office Expenses$276,286$248,766-$525,052
Fees for Services Other$48,375$380,812-$429,187
All Other Expenses$570,017$-183,582$298$386,733
Other Expenses$326,970$188$458$327,616
Information Technology$16,958$289,028-$305,986
Pension Plan Contributions$250,484$41,455-$291,939
Travel$274,331$6,463-$280,794
Advertising$192,827$27,736-$220,563
Conferences and Meetings$89,414$118,818-$208,232
Insurance$150,290$31,703-$181,993
Interest-$76,253-$76,253
Fees for Services Accounting-$55,651-$55,651
Fees for Service Investment Mgmnt Fees-$40,600-$40,600
Grants to Domestic Orgs$36,000--$36,000
Fees for Services Legal-$27,478-$27,478
Total Functional Expenses$42,804,046$4,816,079$756$47,620,881

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$47,620,881
Total Expenses per Audited Statements$47,584,648
Expenses per Audited Statements$47,570,550
Expenses Not Reported on Financial Statements$50,331
Other Expense Adjustments$50,331
Expenses Not Reported on Form 990$14,098
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Indiana Regional Blood CenterIndianapolis, IN-Scholarships$36,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,964
Fundraising Gross Income$7,936
Gaming Gross Income$6,000
Gaming Direct Expenses$50
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$18,242$7,936$4,933$3,003
Total Events$18,242$7,936$13,964$-6,028
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

“Members or Stockholders VERSITI, INC. (A 501(C)(3) ORGANIZATION) IS THE SOLE CORPORATE MEMBER.”

Part VI, Section A, Lines 7A and 7B

“Member or Stockholder Powers VERSITI, INC. HAS RESERVE POWERS, INCLUDING THE ABILITY TO ELECT A MAJORITY OF DIRECTORS.”

Part VI, Section B, Line 11B

“Form 990 Review Michigan blood utilizes grant Thornton LLP to complete the IRS form 990 and related schedules. Following completion, they are reviewed by the finance/audit committee. The full board is provided a copy of the form 990 prior to filing.”

Part VI, Section B, Line 12C

“Conflict of Interest Policy Annually conflict of interest statements are completed by all board of directors and key members of the management team. Responses are compiled by VERSITIs legal services team to determine if any conflicts exist. Identified conflicts are addressed in accordance with the policy.”

Part VI, Section B, Lines 15A and 15B

“Compensation Process THE COMPENSATION 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 MICHIGAN BLOOD. OTHER THAN THE VERSITI PRESIDENT & CHIEF EXECUTIVE OFFICER, THE COMPENSATION COMMITTEE DOES NOT INCLUDE MEMBERS OF MANAGEMENT AND IS COMPRISED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO VERSITI OR MICHIGAN BLOOD COMPENSATION ARRANGEMENTS. THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER RECUSES HER/HIMSELF FROM ALL DISCUSSIONS AND APPROVALS RELATED TO HER/HIS COMPENSATION. THE VERSITI COMPENSATION COMMITTEE REVIEWS MICHIGAN BLOOD 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 COMPENSATION COMMITTEE ANNUALLY IN ACCORDANCE WITH THE VERSITI REASONABLENESS REVIEW POLICY. THE COMPENSATION COMMITTEE ASSESSES THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS AFTER IT OBTAINS AND REVIEWS APPROPRIATE DATA FOR COMPARABILITY FROM THE HUMAN RESOURCE DEPARTMENT AND AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION 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 COMPENSATION COMMITTEE'S REVIEW, RECOMMENDATIONS AND APPROVALS ARE DOCUMENTED CONCURRENTLY IN THE COMMITTEE MINUTES, WHICH ARE SUBSEQUENTLY REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE. VERSITI AND MICHIGAN BLOOD HAVE INCENTIVE PROGRAMS FOR THE CHIEF EXECUTIVE OFFICER AND OTHER CORPORATE OFFICERS DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE COMPENSATION COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE/COMPENSATION COMMITTEE EVALUATES THE VERSITI/MICHIGAN BLOOD 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 - EACH YEAR, THE VERSITI/MICHIGAN BLOOD CEO REVIEWS THE PERFORMANCE AND THE ACHIEVEMENT OF INDIVIDUAL GOALS AND OBJECTIVES OFEACH VERSITI/MICHIGAN BLOOD CORPORATE OFFICER. THE VERSITI/MICHIGAN BLOOD CEO PRESENTS HIS/HER RECOMMENDATIONS TO THE COMPENSATION COMMITTEE, WHICH REVIEWS AND APPROVES RECOMMENDED COMPENSATION RANGES, AND APPROVES FINAL SALARY AND INCENTIVE PAYMENTS. 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 VI, Section C, Line 19

“Organization's Documents Open to the Public Michigan blood makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Part VII

“Average Hours The hours lsited on form 990, part vii are representative of an average for the officers and executive team. each individual person's weekly tally may be greater or lesser per week based on their individual roles and responsibilities within the filing organization and related parties.”

Filing and Contact Details

Filer

Filer Name
Michigan Blood
EIN
38-1550001
In Care Of
% CHARLEEN MELLO
Phone
6167742300
Address
PO Box 1704, Grand Rapids, MI 49501-1704

Signing Officer

Name
William Rietscha
Title
President/CEO
Phone
4142898200
Signed
2016-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Rietscha
Formed
1955
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
7
Employees
563
Volunteers
579

Preparer

Firm
Grant Thornton LLP
Address
100 E Wisconsin Ave, Milwaukee, WI 53202
Preparer
Daniel V Romano
Phone
4142898200
Supplemental Narrative

Financial Statement Notes

Part X

“Income Taxes The Organization has received a tax determination letter confirming that the Organization qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code (the Code). Management believes that there are no material uncertain tax positions that require recognition in the financial statements. The Organization, while generally exempt from income tax, is subject to tax on income unrelated to their exempt purposes, unless that income is otherwise excluded by the Code. The Organization has not historically filed any unrelated business income tax returns; therefore, tax years remain open for years in which an income tax return has not been filed. The Organization recognizes, if necessary, interest and penalties related to unrecognized tax benefits in the provision for income taxes. There were no interest or penalties related to income taxes that have been accrued or recognized as of and for the years ended December 31, 2015 and 2014.”

Part XI, Line 2D

“Other Changes to Revenue Fundraising Expenses Reported with Revenue 13,964 Gaming Expenses Reported with Revenue 50 ------- Total 14,014 Part XI, Line 4B Other Changes to Revenue Gain on Sale of Fixed Assets Reported with Revenue 50,331”

Part XII, Line 2D

“Other Changes to Expenses Fundraising Expenses Reported with Revenue 13,964 Gaming Expenses Reported with Revenue 50 ------- Total 14,014 Part XII, Line 4B Other Changes to Expenses Gain on Sale of Fixed Assets Reported with Revenue 50,331”

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IRS990/Desc0For over 60 years, Michigan blood has proudly served Michigan hospitals as an independent, community-based, nonprofit blood center. In addition to blood donation, Michigan blood administers a variety of key programs and specialty services that further our lifesaving mission. These services include a nationally recognized center for the national marrow donor program, one of only 25 public cord blood banks in America, and we work alongside local hospitals to deliver a number of medical services and therapeutic procedures. Michigan blood is also affiliated with Versiti, an organization whose members share resources and expertise to improve patient outcomes, as well as conduct leading edge medical research and provide nationwide diagnostic lab services. To learn more about the program services Michigan blood provides please see detailed descriptions below: Blood donation: Volunteer blood donors give blood at nine permanent donor centers throughout Michigan and at blood drives hosted by community organizations and businesses. Each Michigan blood region also operates a self-contained blood center on wheels. These "blood buses" help expand our reach to small communities and urban areas where space is at a premium. See www.miblood.org for a comprehensive list of donation locations. Apheresis: Special equipment makes it possible to collect one or more specific blood components from a donor, while returning the remaining components back to the donor. Apheresis donations allow a greater quantity of one component to be drawn versus a standard whole blood donation. These larger component-specific donations help reduce the number of donors a patient is exposed to, which is preferred by most physicians. Also, patients with diseases such AT TTP, kidney rejection, myasthenia gravis, sickle cell disease, or leukemia can be treated by the removal of one or more blood components using therapeutic apheresis technology. Michigan blood staff and equipment travel to Grand Rapids area hospitals to make this service available as needed. Marrow/stem cell program: In the past 25 years, Michigan blood marrow/stem cell program has established one of the premier donor-recruitment records in the united states, adding more than 64,000 individuals from Michigan with advanced tissue typing to the registry of potential stem cell donors maintained by the be the match registry (national marrow donor program). In 2010, the donor center received the donor management recognition award, a lifetime achievement award. In October 2014, Versiti merged the Wisconsin and Michigan donor centers which are managed from Michigan. The combined donor center handles a registry of 126,000 donors and has facilitated over 1,000 donors for transplants worldwide. Michigan blood has received two $250,000 appropriations from the state of Michigan for the education and typing of Michigan donors. Michigan blood is the first donor center in the country to have a be the match fundraising license plate. The marrow/stem cell program also provides support services for patients and families seeking compatible stem cell donors. Stem cell transplants remain the primary source of hope for patients with certain kinds of life-threatening diseases. Cord blood bank: Michigan blood cord blood bank, the first of its kind in Michigan, has collected and stored blood from more than 3,650 umbilical cords. Cord blood is rich in stem cells and cord blood transplantation is finding increasing application in children and adults around the globe suffering from certain life-threatening diseases. Michigan blood has provided nearly 200 units of life saving cord blood for transplantation. Cellular therapy: As part of ever-changing medical landscape, Michigan blood supports personalized cellular therapy treatments used in a number of cancers and other life-threatening diseases. For instance, Michigan blood collects cells from prostate cancer patients to be used in the preparation of personalized treatments. Other appl
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IRS990/MissionDesc0The purpose of Michigan blood is to provide a safe and adequate blood supply and blood-related services for the communities served by hospital partners throughout the state. Michigan blood is the sole provider of blood for 60 hospital facilities. These hospitals include major medical centers (secondary- and tertiary-care teaching facilities) serving populations totaling more than 2.5 million people. Through donor centers and blood drives in northwest, east-central, west, southwest and southeast michigan, michigan blood recruits and collects blood from volunteer donors to achieve its lifesaving mission. Annually, michigan blood collects approximately 126,000 units of blood from volunteer blood donors and distributes 248,000 blood components.
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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,842,679
Liabilities
$6,284,042
Net assets
$28,558,637
Revenue
$47,589,538
Expenses
$47,620,881
Net income
-$31,343
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$49.4$5.22$44.2$74.8$69.6$5.15
2023Detailed filing. Detailed filing data is available for this year.$44.7$6.08$38.7$69.0$65.4$3.67
2022Detailed filing. Detailed filing data is available for this year.$40.6$5.58$35.0$65.2$63.9$1.33
2021Detailed filing. Detailed filing data is available for this year.$40.8$5.13$35.7$66.5$63.2$3.31
2020Detailed filing. Detailed filing data is available for this year.$38.4$6.25$32.1$59.9$58.6$1.35
2019Detailed filing. Detailed filing data is available for this year.$33.9$4.21$29.7$58.1$59.1$1.06
2018Summary only. Only limited summary data is available for this year.$34.3$5.11$29.2$56.1$56.7$0.65
2017Detailed filing. Detailed filing data is available for this year.$37.4$6.53$30.8$56.6$55.1$1.44
2016Detailed filing. Detailed filing data is available for this year.$35.4$6.67$28.7$56.8$57.1$0.26
2015Detailed filing. Detailed filing data is available for this year.$34.8$6.28$28.6$47.6$47.6$0.03
2014Detailed filing. Detailed filing data is available for this year.$33.7$4.25$29.5$44.0$41.9$2.14
2013Summary only. Only limited summary data is available for this year.$33.0$3.43$29.6$24.1$21.2$2.90
2012Summary only. Only limited summary data is available for this year.$29.6$3.84$25.8$41.4$41.5$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$3.43$25.7$36.2