Corewell Health
94% goes to programs $0 to raise $100 Strong reserves
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $2,928,506,457 in FY2021 revenue. CharityIndex grades it A+, and it directs about 94% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 38-1459362 Since 2014
Revenue (FY2021)
$2.9B
▲ 4.4% vs prior year
Health median: $840K
Expenses (FY2021)
$2.8B
Net assets
$2.4B
Employees
25,277
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 rating94% to programs · $0 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: 94% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +4% 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: 10 mo reserves · +4% margin earns a A 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 provide the highest quality healthcare service to all of our patients efficiently, effectively and compassionately, regardless of where they live or their financial circumstances.
What they do
Beaumont's mission extends beyond its campuses where it is a leader in providing outpatient health care services to all members of the community, including medicaid patients, underinsured patients, and patients with no insurance at all. the system also includes numerous community-based medical centers in macomb, oakland and wayne counties, housing two family medicine centers, physician offices, an ambulatory surgical center, diagnostic radiology, laboratory and rehabilitation services, extended care centers in bloomfield hills, shelby township, st. clair shores, southfield and west bloomfield, and an assisted-living facility in st. clair shores. in-home care services include nursing, infusion medical equipment and hospice and beaumont health center in royal oak, with outpatient rehabilitation services, an interventional pain center, an anticoagulation medicine service, a hyperbaric medicine program and the beaumont weight control. in 2021, beaumont recorded 1,229,820 outpatient ancillary visits system-wide. all of these outpatient services are provided to patients on a non-discriminatory basis and irrespective of ability to pay.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 centers at the three hospitals in the system are staffed and equipped to handle the most severe illnesses and injuries as well as minor traumas that require medical attention. beaumont, royal oak is a level 1 trauma center designated by the american college of surgeons. the system treated 259,104 individuals in its emergency centers in 2021. beaumont provides these medical services regardless of the patient's ability to pay and treats everyone regardless of their 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
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 grew from $2.4B (FY2013) to $2.9B (FY2021) across 9 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $2.1BNet assets $2.4B
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.5B
Total liabilities
$2.1B
Net assets
$2.4B
Salaries & benefits
$1.8B
64% of expenses
Board members
16
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $2,928,506,457▲4.4% | $2,817,175,473▲8.1% | $2,393,565,896▲2.5% | $4,475,418,710▼9.8% | 990 |
| 2020 | $2,803,747,807▼2.2% | $2,606,111,449▼2.5% | $2,336,077,727▲22.7% | $4,963,783,606▲21.2% | 990 |
| 2019 | $2,865,497,664▼3.2% | $2,672,825,352▼2.3% | $1,903,163,849▼12.5% | $4,096,846,927▼4.3% | 990 |
| 2018 | $2,959,634,869▲1.5% | $2,736,654,471▼3.6% | $2,174,581,316▲10.7% | $4,280,616,612▲5.9% | 990 |
| 2017 | $2,915,443,322▲7.7% | $2,839,721,446▲10.3% | $1,963,936,998▲34.9% | $4,043,698,061▲19.2% | 990 |
| 2016 | $2,705,865,475▲6.1% | $2,573,844,561▲3.8% | $1,455,400,891▲14.1% | $3,391,181,223▲15.9% | 990 |
| 2015 | $2,551,240,199▲2.5% | $2,479,801,073▲0.5% | $1,275,500,200▲6.5% | $2,925,372,374▲7.6% | 990 |
| 2014 | $2,489,794,850▲2.9% | $2,467,142,823▲5.4% | $1,197,157,374▼8.1% | $2,719,892,603▼3.5% | 990 |
| 2013 | $2,418,501,934 | $2,340,141,019▲4.6% | $1,302,948,957▲36.3% | $2,818,505,326▲2.4% | 990 |
| 2012 | — | $2,237,205,053▲5.4% | $955,992,601▲2.0% | $2,752,330,922▲1.8% | 990 |
| 2011 | — | $2,122,063,387▲3.0% | $937,566,197▼0.1% | $2,704,700,180▲0.3% | 990 |
| 2010 | — | $2,059,958,003 | $938,537,747 | $2,695,974,182 | 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 (FY2021)
Highest-paid: Carolyn Wilson — $6,065,471 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carolyn Wilson | Evp & Coo (end 8/21) | 30 | $6,065,471 |
| David Wood Md | Director (end 8/21) | 44 | $4,468,665 |
| John Fox | President & Ceo | 2 | $3,993,442 |
| Kongkrit Chaiyasate | Plastic Reconstructive Surgeon | 50 | $2,218,702 |
| Sanjeev Aggarwal | Physician | 50 | $1,417,625 |
| Mohammad Chisti | Physician | 50 | $1,254,025 |
| Jeffrey Fischgrund | Chief Orthopedic Surgery | 50 | $993,347 |
| Mohamad Rasm Alsibae | Transplant Hepatology Surgeon | 50 | $993,064 |
| Nancy Susick | President Royal Oak | 50 | $978,582 |
| Susan Grant | Evp & Chief Nursing Officer | 44 | $978,224 |
| Barbara Ducatman | Cmo - Royal Oak (start 4/20) | 50 | $725,815 |
| James Lynch | President-grosse Pointe & Troy | 44 | $722,071 |
| Aaron Gillingham | Svp, Chief Hr Off., Cio | 2 | $696,482 |
| Samuel Flanders Md | Svp/chief Qual. & Safety Off | 50 | $636,968 |
| Hans Keil | Svp & Cio | 50 | $607,155 |
| John Kerndl | Evp & Cfo (end 3/21) | 1 | $538,804 |
| Diane Roth | Evp & Cfo (eff 4/21) | 1 | $524,858 |
| Robert Welsh Md | Director (eff 1/1/21) | 42 | $428,838 |
| Nicholas Gilpin | Cmo - Grosse Pointe (end 12/21) | 50 | $341,466 |
| Jodie Rappe Md | Cmo & Safety Off - Gp (eff 12/21) | 50 | $331,086 |
Top vendors & contractors (FY2016)
| Contractor | Services | Paid |
|---|---|---|
| Cardiology Associates PC | Cardiology | $10,046,883 |
| Home Rehab Serv of Mi LLC | Rehabilitation | $4,786,382 |
| Covidian LP | Medical Devices | $3,500,394 |
| Intelligent Connections LLC | Software Licensing | $1,634,952 |
| Michigan Heart Group PC | Cardiology | $1,617,614 |
Grants received · $161.5M total
97 grants to Corewell Health totaling $161.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Corewell Health | To support exempt purpose | 2024 | $22,650,395 |
| Charities Aid Foundation America | Charitable donation | 2024 | $100,050 |
| Muscular Dystrophy Association | Movr registry support | 2024 | $25,000 |
| Public Health Institute | Research | 2024 | $9,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $7,500 |
| Corewell Health | To support exempt purpose | 2023 | $14,074,035 |
| Northwestern University | Support of research activities | 2023 | $33,325 |
| Muscular Dystrophy Association | Movr registry support | 2023 | $25,000 |
| Public Health Institute | Research | 2023 | $12,000 |
| Corewell Health | To support expempt purpose | 2023 | $9,290 |
| Michigan Health and Hospital Association | Grant pass through | 2022 | $38,000,000 |
| Corewell Health | General assistance | 2022 | $11,582,044 |
| Michigan Health Endowment Fund | Integrated care for pregnant women with oud/sud | 2022 | $500,000 |
| Public Health Institute | Research | 2022 | $59,834 |
| Muscular Dystrophy Association | Movr registry support | 2022 | $27,875 |
Grants made · $186K in FY2021
3 grants totaling $186K in FY2021. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Detroit Regional Partnership | Private contribution | $100,000 |
| Oakland University | School of medicine | $50,000 |
| Mirror-mirror Reflection of Me Foundation | World relief donation | $35,867 |
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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 38-1459362, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 38-1459362.
- How much revenue does Corewell Health report?
- Corewell Health reported $2,928,506,457 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- How much of Corewell Health's spending goes to programs?
- Corewell Health spends about 94% 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 $6,065,471, paid to Carolyn Wilson (Evp & Coo (end 8/21)).
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Data for Corewell Health (EIN 38-1459362) 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.