Civic Intelligence

Versiti Michigan Inc.

990 • Fiscal year 2018 • EIN 38-1550001

Jan 01, 2018 to Dec 31, 2018

Organization Profilewww.miblood.org
Grand Rapids, MI
Siviq Scores

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

Liabilities / Assets

35th percentile

0.15x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.09x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

26th percentile

-1.2%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

10th percentile

-8.2%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

29th percentile

-0.9%

Faster revenue growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$34,281,735

Down $3,077,178 (-8.2%) from 2017

Net Assets

Down

$29,175,374

Down $1,649,374 (-5.4%) from 2017

Liabilities

Down

$5,106,361

Down $1,427,804 (-22%) from 2017

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin26th percentile

Revenue

Down

$56,063,207

Down $516,730 (-0.9%) from 2017

Expenses

Up

$56,714,128

Up $1,574,583 (+2.9%) from 2017

Net Income

Down

-$650,921

Down $2,091,313 (-145%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2018

Assets$34,281,735
Liabilities$5,106,361
Net Assets$29,175,374
Open 2018 Filing

Operations Trend

Revenue Growth29th 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

2018

Revenue$56,063,207
Expenses$56,714,128
Net Income-$650,921
Open 2018 Filing
Filing Detail Status

This 2018 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
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Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$34,281,735
Liabilities
$5,106,361
Net assets
$29,175,374
Revenue
$56,063,207
Expenses
$56,714,128
Net income
-$650,921
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