Corewell Health
84% goes to programs $49 to raise $100 Strong reserves Declining revenue
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $27,752,975 in FY2024 revenue. CharityIndex grades it C+, and it directs about 84% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 36-4852171 Since 2014
Revenue (FY2024)
$27.8M
▼ 25.2% vs prior year
Health median: $840K
Expenses (FY2024)
$38.0M
Net assets
$217.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
CProgram efficiency40% of the rating84% to programs · $49 to raise $100
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: 84% to programs · $49 to raise $100 earns a C on this criterion. See the exact thresholds →
DFinancial health25% of the rating69 mo reserves · -37% 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: 69 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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: 6 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
To improve health, instill humanity and inspire hope.
Contact & location
- Address
- 100 Corewell Dr Nw, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $84.9M (FY2017) to $27.8M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.2MNet assets $217.1M
Operating margin
-36.8%
Spent more than it raised in the latest fiscal year.
Total assets
$221.4M
Total liabilities
$4.2M
Net assets
$217.1M
Salaries & benefits
$0
0% of expenses
Board members
16
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,752,975▼25.2% | $37,956,826▲1.4% | $217,140,124▲6.4% | $221,360,294▲0.9% | 990 |
| 2023 | $37,113,715▲4.0% | $37,416,260▲26.9% | $204,063,127▲3.3% | $219,293,654▲10.8% | 990 |
| 2022 | $35,689,489▲7.5% | $29,477,563▲10.8% | $197,574,284▼13.7% | $197,846,308▼13.8% | 990 |
| 2021 | $33,188,557▼35.5% | $26,599,757▲8.7% | $229,022,843▲9.5% | $229,491,444▲9.5% | 990 |
| 2020 | $51,430,194▼12.9% | $24,474,949▼5.8% | $209,202,645▲8.9% | $209,530,033▲8.8% | 990 |
| 2019 | $59,066,042▲30.0% | $25,980,632▼20.7% | $192,108,302▼8.2% | $192,544,604▼8.2% | 990 |
| 2018 | $45,444,156▼46.5% | $32,775,051▲193% | $209,268,909▲94.7% | $209,774,292▲12.5% | 990 |
| 2017 | $84,865,245 | $11,193,109 | $107,457,719 | $186,471,308 | 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 |
|---|---|---|---|
| Christina Freese Decker | Ceo | 1 | — |
| Christopher Flores | Former Officer | 0 | — |
| Darryl Elmouchi Md | Director Py | 1 | — |
| Deborah Schrot | Director | 50 | — |
| Donald Conn Md | Director | 1 | — |
| Edward Russell III | Director | 1 | — |
| Geoffrey Hockman | Director | 1 | — |
| Howard Wolpin | Director | 1 | — |
| Karen Colina Wilson Smithbauer | Director | 1 | — |
| Lamont Yoder | Director Py | 1 | — |
| Laurie Cunnington | Director/vice Chair | 1 | — |
| Lisa Phillips | Director | 1 | — |
| Margaret Cooney - Casey | Director Py/president Py | 50 | — |
| Mary Kosch | Director | 1 | — |
| Matthew Denenberg Md | Director | 1 | — |
| Matthew E Cox | Cfo | 1 | — |
| Michelle Anderson | Secretary | 50 | — |
| Neelam Kumar Md | Director | 1 | — |
| Richard Daly | Director Py/president Py | 50 | — |
| Robert Rosowski | Director/treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Whitlock Business Systems Inc | Mailing & Printing Services | $277,349 |
| Ruffalo Noel Levitz | Telephone Solicitation Services | $182,590 |
Grants received · $52.4M total
82 grants to Corewell Health totaling $52.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Southeast Michigan | Health care | 2024 | $255,090 |
| Michigan Health Endowment Fund | Medically tailored meals extension | 2024 | $97,971 |
| Mht Housing Inc | General program support | 2024 | $65,000 |
| American Cancer Society Inc | Patient support | 2024 | $35,000 |
| United Jewish Foundation | To support medical research | 2024 | $30,000 |
| American Endowment Foundation | Health, general | 2024 | $20,000 |
| American Cancer Society Inc | Patient support | 2024 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,000 |
| American Endowment Foundation | Health, general | 2023 | $520,000 |
| Community Foundation For Southeast Michigan | Health care and state opioid response | 2023 | $477,940 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $283,485 |
| United Jewish Foundation | To support medical research | 2023 | $164,030 |
| Charities Aid Foundation America | Charitable donation | 2023 | $150,800 |
| United Way For Southeastern Michigan | Grant | 2023 | $55,000 |
| National Philanthropic Tr | Religion | 2023 | $28,000 |
Grants made · $28.0M in FY2024
14 grants totaling $28.0M in FY2024. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Corewell Health | To support exempt purpose | $22,650,395 |
| Corewell Health | To support exempt purpose | $4,680,618 |
| Mark Wahlberg Youth Foundation Inc | To support exempt purpose | $372,016 |
| Corewell Health | To support exempt purpose | $90,653 |
| Oakland University | To support exempt purpose | $35,000 |
| Community House Association Inc | To support exempt purpose | $30,000 |
| Corewell Health | To support exempt purpose | $25,649 |
| Women of Tomorrow Mentor & Scholarship Program Detroit | To support exempt purpose | $10,000 |
| Teach For America Inc | To support exempt purpose | $10,000 |
| Teen Street Skills | To support exempt purpose | $10,000 |
| Mercy Education Project | To support exempt purpose | $10,000 |
| Life Directions | To support exempt purpose | $10,000 |
| Great Lakes Chamber Music Festival Operating Corporation | To support exempt purpose | $10,000 |
| Nfx | To support exempt purpose | $6,000 |
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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 36-4852171, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 36-4852171.
- How much revenue does Corewell Health report?
- Corewell Health reported $27,752,975 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 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Corewell Health have?
- CharityIndex grades Corewell Health C+, 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 Christina Freese Decker (Ceo).
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Data for Corewell Health (EIN 36-4852171) 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.