Corewell Health
501(c)(4)
Only 1% goes to programs Thin reserves Declining revenue
Corewell Health is a 501(c)(4) organization based in Grand Rapids, Michigan, registered in 1977, with $784,874 in FY2024 revenue. CharityIndex grades it C, and it directs about 1% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 38-2018957 Since 1977
Revenue (FY2024)
$785K
▼ 38.6% vs prior year
Expenses (FY2024)
$352K
Net assets
-$96K
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
FProgram efficiency40% of the rating1% 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: 1% to programs earns a F on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +55% 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: 0 mo reserves · +55% margin earns a D 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
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
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $224.1M (FY2013) to $785K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $102KNet assets -$96K
Operating margin
55.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5,751
Total liabilities
$102K
Net assets
-$96K
Salaries & benefits
$0
0% of expenses
Board members
6
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $784,874▼38.6% | $352,192▲17258% | -$96,397▼101% | $5,751▼100.0% | 990 |
| 2023 | $1,278,025▲259% | $2,029▼99.8% | $11,236,676▲15.2% | $13,025,231▲5.3% | 990 |
| 2022 | $355,774▼99.8% | $1,350,782▼99.1% | $9,752,328▼85.2% | $12,374,285▼84.6% | 990 |
| 2021 | $180,321,159▼4.9% | $158,004,603▼12.5% | $66,056,295▲50.6% | $80,244,042▼12.2% | 990 |
| 2020 | $189,639,296▼0.9% | $180,622,891▼8.3% | $43,867,746▲12.3% | $91,380,990▼12.4% | 990 |
| 2019 | $191,443,767▼3.3% | $196,896,679▲3.0% | $39,074,932▼23.8% | $104,297,480▼4.2% | 990 |
| 2018 | $197,885,724▼24.3% | $191,187,200▼30.9% | $51,280,774▲6.9% | $108,837,582▲13.4% | 990 |
| 2017 | $261,454,242▼8.0% | $276,875,063▼3.2% | $47,988,882▲0.1% | $96,013,909▲13.5% | 990 |
| 2016 | $284,305,640▼11.8% | $286,082,847▼9.6% | $47,936,331▲11.4% | $84,572,032▼1.1% | 990 |
| 2015 | $322,450,658▲18.4% | $316,581,604▲18.4% | $43,015,386▲36.1% | $85,540,369▲37.6% | 990 |
| 2014 | $272,316,975▲21.5% | $267,288,156▲16.0% | $31,609,641▲30.0% | $62,184,378▲36.2% | 990 |
| 2013 | $224,062,918 | $230,420,944▲15.0% | $24,308,275▼20.5% | $45,656,632▼11.4% | 990 |
| 2012 | — | $200,286,795▲8.1% | $30,592,326▲0.9% | $51,547,167▲4.2% | 990 |
| 2011 | — | $185,333,746▲1.4% | $30,327,870▲49.1% | $49,477,728▲27.6% | 990 |
| 2010 | — | $182,768,123 | $20,344,979 | $38,774,649 | 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 |
|---|---|---|---|
| Elif Oker Md | Director Py | 1 | — |
| James Forshee Md | Director Py | 1 | — |
| Joyce Chan Russell | Director/chair | 1 | — |
| Kelli Krueger | Former Highest Compensated | 1 | — |
| Kimberly Thomas | Director/secretary | 1 | — |
| Michael Jasperson | Director | 1 | — |
| Nicholas Gates | Director/vice Chair/treasurer | 1 | — |
| Noel Upfall | Former Key Employee | 1 | — |
| Praveen Thadani | Director/president | 1 | — |
| Sara Mcglynn | Former Highest Compensated | 1 | — |
| Susan Ryan | Former Highest Compensated | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Varis | Claims Recovery | $374,167 |
| Change Healthcare Solutions | Claims Recovery | $237,050 |
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 38-2018957, based in Grand Rapids, Michigan.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 38-2018957.
- How much revenue does Corewell Health report?
- Corewell Health reported $784,874 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 1% 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 Elif Oker Md (Director Py).
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Data for Corewell Health (EIN 38-2018957) 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.