Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $452,232,274 in FY2021 revenue. CharityIndex grades it A+, and it directs about 97% of spending to programs.
Revenue (FY2021)
$452.2M
▲ 2.6% vs prior year
Health median: $840K
Expenses (FY2021)
$399.2M
Net assets
$287.3M
Employees
2,592
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 · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
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: 9 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
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 →
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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Commitment to excellence and quality in the delivery of personal and compassionate health care.
The hospital's mission extends beyond its campus where it is a leader in providing outpatient health care services to all members of the community, including medicaid patients, under-insured patients and patients without insurance.in 2021, the hospital recorded 208,377 outpatient ancillary visits.beginning in march of 2020 and continuing into 2021, covid-19 began to take full-effect in the united states and michigan. this now global pandemic has led to many challenges and changes in the healthcare industry as a whole. some specific actions and programs that beaumont health put into place include: strategic critical inventory management, including tracking of global production trends of vital equipment, purchasing, and stockpiling, standardization of equipment, such as ventilators and management of cardiac monitors, hepa units, it and facility infrastructure, etc. activation of various pandemic protocols including the 24/7 corporate and site emergency operations centers (eocs). continued eoc communication with interdisciplinary site leaders throughout the system. developed eoc data dashboards for access to all leaders. evaluation and re-deployment of labor pool activities including beaumont medical group and ambulatory staffing resources to support hospitals during surge events. coordinated with local, state, and federal governmental departments to assist with all public health initiatives, coordination of patient care, and tracking and transmission of covid-19 data.beaumont health also implemented various community programs and initiatives to help lead the way during the covid-19 pandemic response for the communities it serves. these programs included: covid-19 hotline to provide information and support curbside screening and testing sites developing improved and altered standards of care in response to the latest covid-19 guidance. implementing infection prevention activities such as visitor guidance/restrictions, enhanced security and crowd control management, and disseminating urgent information to providers, staff, and visitors.implementation of the above programs and protocols, along with near-unprecedented changes in patient volumes and the types of care and procedures that were available, has led to various changes in beaumont health's financial metrics. as the pandemic continues, beaumont health will move forward in providing compassionate, extraordinary care every day.
The emergency care center at the hospital is staffed and equipped to handle the most severe illnesses and injuries as well as minor traumas that require medical attention.the hospital's ability to care for critically injured patients sets it apart from other area hospitals. the hospital is verified as a level ii trauma center by the american college of surgeons and meets rigid standards for patient care.the hospital treated 59,123 individuals in its emergency center in 2021. the hospital provides these medical services regardless of a patient's financial circumstances.beginning in march of 2020 and continuing into 2021, covid-19 began to take full-effect in the united states and michigan. this now global pandemic has led to many challenges and changes in the healthcare industry as a whole. some specific actions and programs that beaumont health put into place include: strategic critical inventory management, including tracking of global production trends of vital equipment, purchasing, and stockpiling, standardization of equipment, such as ventilators and management of cardiac monitors, hepa units, it and facility infrastructure, etc. activation of various pandemic protocols including the 24/7 corporate and site emergency operations centers (eocs). continued eoc communication with interdisciplinary site leaders throughout the system. developed eoc data dashboards for access to all leaders. evaluation and re-deployment of labor pool activities including beaumont medical group and ambulatory staffing resources to support hospitals during surge events. co
Revenue grew from $284.2M (FY2013) to $452.2M (FY2021) across 9 reported years.
Financial snapshot
Operating margin
11.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$344.0M
Total liabilities
$56.7M
Net assets
$287.3M
Salaries & benefits
$158.4M
40% of expenses
Board members
16
11 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $452,232,274▲2.6% | $399,208,799▲4.2% | $287,280,881▲24.9% | $344,014,540▲0.6% | 990 |
| 2020 | $440,796,593▲3.8% | $383,246,413▼1.3% | $230,081,835▼20.9% | $342,061,891▼0.6% | 990 |
| 2019 | $424,758,067▲5.1% | $388,459,450▼3.4% | $290,814,832▲137% | $344,211,593▲8.4% | 990 |
| 2018 | $404,141,880▼3.2% | $402,121,954▲1.3% | $122,649,590▲136% | $317,563,287▲26.9% | 990 |
| 2017 | $417,409,672▲9.0% | $397,113,712▲13.7% | -$336,660,055▼1818% | $250,199,364▼9.7% | 990 |
| 2016 | $382,863,022▲28.9% | $349,198,075▲20.2% | -$17,551,242▼129% | $276,952,888▲45.0% | 990 |
| 2015 | $297,132,216▲3.8% | $290,482,537▲4.0% | $61,478,461▼26.9% | $190,987,740▼20.4% | 990 |
| 2014 | $286,357,460▲0.8% | $279,224,867▼1.1% | $84,149,330▼22.2% | $239,949,174▼2.1% | 990 |
| 2013 | $284,172,114 | $282,441,535▼1.9% | $108,151,613▲39.9% | $245,044,309▲1.0% | 990 |
| 2012 | — | $287,864,605▼1.2% | $77,279,304▼10.6% | $242,665,895▼4.0% | 990 |
| 2011 | — | $291,346,873▼0.3% | $86,480,546▼6.7% | $252,905,138▲3.1% | 990 |
| 2010 | — | $292,202,236 | $92,665,412 | $245,182,324 | 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.
Highest-paid: David Gowman — $764,248 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Gowman | Physician | 50 | $764,248 |
| Anthony Lutz | Physician | 50 | $707,901 |
| Scott Searing | Physician | 50 | $683,026 |
| Richard Gary Herman | Physician | 50 | $660,079 |
| Benjamin Rossi | Physician | 50 | $624,128 |
| Michael Rebock | Cmo | 50 | $268,306 |
| Abedelrahim Asfour Md | Director (eff 1/1/21) | 2 | — |
| Ashok Jain Md | Director (eff 1/1/21) | 2 | — |
| Christopher Blake | Vice-chairman (eff 6/21) | 2 | — |
| David Claeys | President - Dearborn & Fh | 22 | — |
| David Wood Md | Director (end 8/21) | 1 | — |
| Diane Roth | Evp & Cfo (eff 4/21) | 1 | — |
| Geoffrey Hockman | Director | 2 | — |
| Gerson Cooper | Director | 2 | — |
| Harris Mainster Do | Director | 2 | — |
| John Fox | President & Ceo | 2 | — |
| John Kerndl | Evp & Cfo (end 3/21) | 1 | — |
| John Lewis | Chairman (end 6/21) | 2 | — |
| John Nemes | Secretary / Treasurer | 2 | — |
| Julie Fream | Chairperson (eff 6/21) | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Barton Malow | Construction Services | $4,455,238 |
| Michigan Blood | Blood Procurement | $616,191 |
| Biomedical Applications of Mi | Medical Applications | $552,502 |
| Nuco Health | Medical Services | $383,750 |
| Swaw Electric | Electrical Services | $276,918 |
13 grants to Corewell Health totaling $2.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Corewell Health | To support exempt purpose | 2024 | $25,649 |
| Corewell Health | To support exempt purpose | 2023 | $944,061 |
| American Cancer Society Inc | Patient support | 2023 | $10,000 |
| Corewell Health | General assistance | 2022 | $48,627 |
| Michigan Health and Hospital Association | Grant pass through | 2021 | $206,661 |
| Corewell Health | General assistance | 2021 | $62,354 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2020 | $85,843 |
| Corewell Health | General assistance | 2020 | $55,417 |
| Corewell Health | General assistance | 2019 | $152,699 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2019 | $17,156 |
| Corewell Health | General assistance | 2018 | $164,382 |
| Corewell Health | General assistance | 2017 | $480,864 |
| United Jewish Foundation | To support medical research | 2016 | $25,000 |
1 grant totaling $2,500 in FY2017. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Farmington Hills Police Benevolent Association | Assisit families of fallen police officers in the community. | $2,500 |
Explore more
Data for Corewell Health (EIN 38-1426919) 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.