Corewell Health
501(c)(4)
91% goes to programs
Corewell Health is a 501(c)(4) organization based in Grand Rapids, Michigan, registered in 1983, with $175,306,012 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 31-1069321 Since 1983
Revenue (FY2024)
$175.3M
▲ 1.8% vs prior year
Expenses (FY2024)
$187.0M
Net assets
$41.8M
Employees
194
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Corewell Health: 91% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Corewell Health: 3 mo reserves · -7% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Corewell Health: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Corewell Health: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Phpni is a provider of employee benefit services and solutions. we provide insurance coverage and educational materials promoting a healthy lifestyle to our members.
Contact & location
- Address
- 100 Corewell Dr Nw, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $169.6M (FY2013) to $175.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $36.2MNet assets $41.8M
Operating margin
-6.7%
Spent more than it raised in the latest fiscal year.
Total assets
$78.0M
Total liabilities
$36.2M
Net assets
$41.8M
Salaries & benefits
$13.8M
7% of expenses
Board members
10
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $175,306,012▲1.8% | $187,006,232▲8.1% | $41,804,906▼25.7% | $78,033,043▼11.0% | 990 |
| 2023 | $172,181,383 | $173,046,057▲0.6% | $56,236,320▲1.4% | $87,690,862▼1.8% | 990 |
| 2022 | $172,214,535▼12.4% | $171,952,455▼16.7% | $55,436,563▼3.3% | $89,283,875▼5.7% | 990 |
| 2021 | $196,513,216▼3.9% | $206,349,336 | $57,332,031▼13.3% | $94,644,511▼13.0% | 990 |
| 2020 | $204,535,291▲5.7% | $206,430,954▲9.0% | $66,093,434▲3.4% | $108,816,122▲7.9% | 990 |
| 2019 | $193,492,296▲8.5% | $189,329,476▲10.7% | $63,906,256▲10.3% | $100,819,969▲6.3% | 990 |
| 2018 | $178,326,309▲12.0% | $171,102,091▲10.5% | $57,917,588▲3.3% | $94,856,486▲9.6% | 990 |
| 2017 | $159,161,743▼12.6% | $154,813,082▼15.1% | $56,064,416▲14.2% | $86,514,447▲5.1% | 990 |
| 2016 | $182,067,812▼6.4% | $182,299,796▼4.9% | $49,093,121▲11.9% | $82,349,132▼2.7% | 990 |
| 2015 | $194,498,479▼9.7% | $191,791,166▼10.2% | $43,889,452▼2.0% | $84,627,937▼3.3% | 990 |
| 2014 | $215,393,516▲27.0% | $213,559,187▲26.2% | $44,772,256▼0.2% | $87,556,113▲17.4% | 990 |
| 2013 | $169,596,217 | $169,207,920▲11.8% | $44,852,199▲5.9% | $74,599,353▲6.5% | 990 |
| 2012 | — | $151,363,944▲1.1% | $42,361,916▲9.4% | $70,028,062▲8.6% | 990 |
| 2011 | — | $149,721,172▼2.4% | $38,739,255▲10.9% | $64,468,042▼0.2% | 990 |
| 2010 | — | $153,363,290 | $34,930,056 | $64,584,421 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Gary D Shearer — $680,116 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gary D Shearer | President & Ceo | 35 | $680,116 |
| Gail M Doran | Chief Operating Officer | 38 | $555,310 |
| Tyler S Sipe | Chief Financial Officer | 30 | $410,070 |
| James R Ford | Chief Information Officer | 40 | $402,096 |
| S Travis Stevens | Director of It Infrastructure & Security | 40 | $269,413 |
| Ross E Hensley | Chief Sales Officer | 35 | $209,141 |
| Christine E Boles | Director of Hr | 35 | $207,170 |
| Nicholas P Sloffer | Director of Pharmacy | 30 | $198,454 |
| Renee A Gerber | Avp Provider Contracting & Network Development | 38 | $191,654 |
| Richard R Mcentee | Director of It, Software & Data | 40 | $173,421 |
| Justin A Stuckey | Director of Actuarial Services | 30 | $163,516 |
| Denise M Ewing | Executive Assistant To Ceo | 28 | $146,062 |
| Michelle L Kearns | Marketing Communications Director | 30 | $143,937 |
| Janice L Richey | Sr Group Underwriter | 30 | $135,504 |
| Mark A King | Medical Director | 15 | $129,178 |
| Timothy R Dirig | Former Secretary (left 12/24) | 1 | $35,549 |
| Michael R Dewald | Former Treasurer (left 12/24) | 1 | $11,200 |
| Dr Judith Kennedy | Former Chair (left 12/24) | 1 | $10,300 |
| Shery A Rooussarie | Former Director (left 12/24) | 1 | $5,291 |
| Dr Thomas W Herendeen | Director | 1 | $4,435 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Summit Reinsurance Services | Reinsurance | $2,542,170 |
| Premise Health Employer Solutions | Primary Care Clinic | $2,215,405 |
| Inetico LLC DBA Valenz Care | Medical Management | $2,177,809 |
| Optumhealth Care Solutions | Transplant Coverage | $2,097,246 |
| Cognizant Trizetto Software Group | Software Vendor | $1,103,760 |
Grants made · $34K in FY2024
4 grants totaling $34K in FY2024. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Fort Wayne-allen County Economic Development Alliance Inc | Economic development | $10,750 |
| Logan Community Resources Inc | Economic education | $10,000 |
| Junior Achievement of Northern Indiana | Economic education | $7,250 |
| Community Transportation Network Inc | Economic development | $6,000 |
Frequently asked questions
- Is Corewell Health a legitimate nonprofit?
- Yes. Corewell Health is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 31-1069321, based in Grand Rapids, Michigan.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 31-1069321.
- How much revenue does Corewell Health report?
- Corewell Health reported $175,306,012 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Corewell Health's spending goes to programs?
- Corewell Health spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Corewell Health have?
- CharityIndex grades Corewell Health A, based on program efficiency and fundraising cost.
- How much does Corewell Health's highest-paid employee make?
- The highest reported compensation on Corewell Health's latest Form 990 is $680,116, paid to Gary D Shearer (President & Ceo).
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Data for Corewell Health (EIN 31-1069321) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.