Corewell Health
97% goes to programs Growing revenue
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2005, with $1,235,403,457 in FY2024 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 32-0016523 Since 2005
Revenue (FY2024)
$1.2B
▼ 4.1% vs prior year
Health median: $840K
Expenses (FY2024)
$1.2B
Net assets
$231.1M
Employees
0
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 rating97% 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: 97% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +3% 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: 2 mo reserves · +3% 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 →
A+Transparency10% of the rating5 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: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
In addition to the purposes stated in our bylaws we use the following mission: to improve health, instill humanity and inspire hope.
What they do
Mi child: priority health choice, inc. enrolled michigan's first mi child members may 1, 1998. mi child is a health plan for uninsured children of michigan's working families. mi child coverage is currently provided through priority health choice, inc. in 20 counties in michigan. as of december 31, 2015, priority health choice, inc. had approximately 5,000 members enrolled in mi child. (continued on schedule o)
Contact & location
- Address
- 100 Corewell Dr Nw, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $232.1M (FY2013) to $1.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $172.9MNet assets $231.1M
Operating margin
3.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$404.0M
Total liabilities
$172.9M
Net assets
$231.1M
Salaries & benefits
$0
0% of expenses
Board members
7
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,235,403,457▼4.1% | $1,193,227,557▼2.7% | $231,076,275▼1.3% | $403,953,678▼2.3% | 990 |
| 2023 | $1,288,103,694▲10.4% | $1,225,806,259▲11.3% | $234,024,796▲3.1% | $413,334,593▼2.5% | 990 |
| 2022 | $1,167,137,535▲36.4% | $1,101,244,628▲38.5% | $226,971,762▲5.5% | $424,007,387▲15.9% | 990 |
| 2021 | $855,732,086▲55.0% | $795,289,136▲53.3% | $215,177,325▲39.5% | $365,837,413▲35.2% | 990 |
| 2020 | $551,931,916▲16.0% | $518,852,963▲18.5% | $154,290,676▲31.6% | $270,572,304▲35.4% | 990 |
| 2019 | $475,831,169▲19.2% | $437,692,208▲12.1% | $117,284,223▲53.9% | $199,832,508▲54.5% | 990 |
| 2018 | $399,207,873▼23.2% | $390,482,217▼22.9% | $76,212,981▲10.8% | $129,322,829▲3.4% | 990 |
| 2017 | $519,471,735▲6.7% | $506,687,447▲6.4% | $68,784,056▲24.3% | $125,076,092▼5.5% | 990 |
| 2016 | $486,906,558▲7.5% | $476,368,867▲8.9% | $55,349,453▲23.3% | $132,328,090▲7.8% | 990 |
| 2015 | $452,764,916▲32.5% | $437,600,022▲28.1% | $44,880,949▲50.8% | $122,787,215▲43.7% | 990 |
| 2014 | $341,724,157▲47.3% | $341,520,771▲47.1% | $29,766,519▲0.9% | $85,432,938▲37.9% | 990 |
| 2013 | $232,050,298 | $232,151,172▲23.0% | $29,499,583▼0.7% | $61,968,756▲19.1% | 990 |
| 2012 | — | $188,720,177▲3.3% | $29,704,091▲15.7% | $52,049,948▲12.0% | 990 |
| 2011 | — | $182,739,026▲6.0% | $25,672,501▲27.8% | $46,467,953▲18.0% | 990 |
| 2010 | — | $172,336,688 | $20,095,228 | $39,364,707 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Fedoronko | Former Highest Compensated | 1 | — |
| Brian Krupiczewicz | Former Key Employee | 0 | — |
| Chelsee Stark | Director | 1 | — |
| Christopher Crook | Former Key Employee | 1 | — |
| David Rzeszutko | Former Highest Compensated | 1 | — |
| Elif Oker Md | Director Py | 1 | — |
| Erin Sullivan | Former Highest Compensated | 1 | — |
| James Forshee Md | Director Py | 1 | — |
| Joyce Chan Russell | Director/chair | 1 | — |
| Kimberly Thomas | Director/secretary | 1 | — |
| Matthew Strebeck | Former Highest Compensated | 1 | — |
| Michael Jasperson | Director | 1 | — |
| Nicholas Gates | Director/vice Chair/treasurer | 1 | — |
| Praveen Thadani | Director/president | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Express Scripts Insurance Company | Pharmacy Benefits Manager | $2,472,953 |
| Delta Dental Plan of Michigan | Dental Benefits Manager | $1,727,527 |
| Cotiviti Inc | Information Services | $1,032,237 |
| Saferide Inc | Transportation Benefits Manager | $989,061 |
| Turningpoint Healthcare Solutions LLC | Utilization Management | $801,105 |
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Compare Corewell Health
Frequently asked questions
- Is Corewell Health a legitimate nonprofit?
- Yes. Corewell Health is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 32-0016523, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 32-0016523.
- How much revenue does Corewell Health report?
- Corewell Health reported $1,235,403,457 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 97% 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 $0, paid to Brian Fedoronko (Former Highest Compensated).
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Data for Corewell Health (EIN 32-0016523) 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.