Corewell Health is a 501(c)(4) organization based in Grand Rapids, Michigan, registered in 1995, with $5,934,612,352 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
Revenue (FY2024)
$5.9B
▲ 9.5% vs prior year
Expenses (FY2024)
$5.9B
Net assets
$1.5B
Employees
0
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: 98% to programs 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: 3 mo reserves · +0% 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: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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In addition to the purposes stated in our bylaws we use the following mission: to improve health, instill humanity and inspire hope.
Priority health senior markets (medicare advantage and medicare supplement):priority health began offering medicare advantage plans in july 2005 and medicare advantage plans with prescription drug coverage in january 2006. its medicare advantage plans vary in price based on where members live and what benefits they need. more than 251,500 michiganders have a priority health medicare advantage plan, and nearly 17,500 chose a priority health medicare supplement plan, also known as medigap. as a result of priority health's work with the community and dedication to delivering high quality coverage, its medicare advantage hmo-pos and ppo plans were accredited with the national center for quality assurance (ncqa), with our hmo-pos plans earning a 4.5 rating out of 5. priority health's medicare advantage plans with prescription drug coverage were also awarded 5 out of 5 stars by the centers for medicare and medicaid services (cms). the medicare star ratings indicate how well a health plan performs overall; the better the star rating, the higher quality care and experience is delivered. of the 42 quality and improvements metrics used to determine our overall quality rating of 4.0, approximately 75% of the metrics were either 4 or 5 stars. priority health is able to provide its members high quality medicare advantage plans while remaining among the lowest cost plans in the country.medicare advantage members can enroll either individually, or through an employer group. during the 2024 medicare annual enrollment period (aep). priority health's medicare advantage enrollment includes about 251,500 individual advantage members of the total individual medicare advantage market, making priority health the leader in michigan.chronic conditions are leading contributors to rising health care costs nationwide. to address this, priority health launched the medication therapy management (mtm) pilot program with its medicare members. the mtm pilot program offered priority health medicare members the opportunity to meet one-on-one with pharmacists to review all of their medications including prescriptions, over-the-counter drugs, and herbal and vitamin supplements. complex medication regimens create significant challenges for patients living with chronic illness, their caregivers, health care providers and the health care system as a whole. the impact of medication-related problems can be minimized through a structured mtm program that uses pharmacists collaborating with the patient and the patient's health care providers. retail and office-based pharmacists will collaborate with patients and providers to address drug-related problems and complete comprehensive medication reviews.
Priority health wellness:prevention and wellness have been the foundation of priority health's approach to health care. priority health provides wellness tools and resources via an online wellbeing platform within its commercial standard health plans. it also offers a standardized, best-in-class wellbeing engagement program named prioritywell to empower their employees to pursue healthier lifestyles. in addition to the health plan offerings, priority health participates in, and sponsors, wellness programs for the community at large to improve the health of all people, not just members.priority health's wellness programs address the overall wellbeing of its members. employers are able to support the overall wellbeing of their employees and improve engagement, satisfaction and productivity, ultimately resulting in improved talent retention and a healthier workforce. priority health partners with employers to help them deliver targeted, smart programs that effectively improve employee physical and emotional health while also improving workplace morale and reducing overall health costs with a personalized wellbeing approach. additionally, disease prevention and intervention programs are available to members through a digital engagement environment.priority health offers a well
Revenue grew from $1.9B (FY2013) to $5.9B (FY2024) across 12 reported years.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4B
Total liabilities
$875.5M
Net assets
$1.5B
Salaries & benefits
$0
0% of expenses
Board members
17
14 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,934,612,352▲9.5% | $5,933,816,597▲9.9% | $1,498,506,588▲6.0% | $2,373,992,522▲10.5% | 990 |
| 2023 | $5,417,873,632▲12.7% | $5,399,882,862▲14.8% | $1,413,910,374▲10.9% | $2,147,971,026▲8.5% | 990 |
| 2022 | $4,806,940,186▲11.0% | $4,702,803,936▲8.3% | $1,275,408,043▼2.8% | $1,979,660,437▼1.2% | 990 |
| 2021 | $4,330,694,532▲8.6% | $4,341,991,959▲11.6% | $1,312,774,427▲8.7% | $2,003,321,140▲0.3% | 990 |
| 2020 | $3,987,261,671▲14.9% | $3,891,453,364▲17.1% | $1,208,140,058▲25.2% | $1,997,380,716▲32.5% | 990 |
| 2019 | $3,469,212,832▲8.3% | $3,324,498,417▲7.9% | $964,843,014▲26.9% | $1,507,787,414▲18.1% | 990 |
| 2018 | $3,203,751,498▲5.5% | $3,079,853,067▲4.2% | $760,143,489▲13.6% | $1,276,184,676▲7.2% | 990 |
| 2017 | $3,035,414,352▲13.1% | $2,956,027,143▲12.3% | $669,257,161▲16.6% | $1,189,975,844▲16.1% | 990 |
| 2016 | $2,682,911,106▲20.9% | $2,631,761,473▲23.6% | $574,056,278▲8.4% | $1,024,534,162▲9.5% | 990 |
| 2015 | $2,219,948,393▲11.3% | $2,128,505,718▲11.8% | $529,329,254▲12.9% | $935,637,044▲21.3% | 990 |
| 2014 | $1,994,810,250▲6.2% | $1,903,436,865▲4.6% | $468,787,833▲19.3% | $771,566,127▲18.7% | 990 |
| 2013 | $1,878,694,763 | $1,820,183,885▼3.1% | $393,062,179▲28.7% | $650,080,191▲14.1% | 990 |
| 2012 | — | $1,878,070,968▲2.4% | $305,525,489▲34.5% | $569,700,653▲13.4% | 990 |
| 2011 | — | $1,834,777,716▲9.3% | $227,224,205▲11.9% | $502,347,118▲10.3% | 990 |
| 2010 | — | $1,678,017,734 | $203,126,125 | $455,234,245 | 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.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alicia Torres | Director | 1 | — |
| Ann Harten | Director/chair | 1 | — |
| Birgit Klohs | Director | 1 | — |
| Brian Fedoronko | Former Highest Compensated | 50 | — |
| Brian Krupiczewicz | Former Key Employee | 0 | — |
| Christina Freese Decker | Director | 1 | — |
| Christopher Crook | Former Key Employee | 50 | — |
| Douglas Dozeman | Director | 1 | — |
| Edwin Ness | Director | 1 | — |
| Elaine Wood | Director | 1 | — |
| Erin Sullivan | Former Highest Compensated | 50 | — |
| Garrick Rochow | Director | 1 | — |
| Howard Morof | Director | 1 | — |
| James Forshee Md | Former Key Employee | 50 | — |
| Joshua Hulst | Director | 1 | — |
| Joyce Chan Russell | Former Key Employee | 50 | — |
| Kimberly Thomas | Secretary | 50 | — |
| Linda Gillum | Director | 1 | — |
| Matthew Cox | Director | 1 | — |
| Matthew Strebeck | Former Highest Compensated | 50 | — |
| Contractor | Services | Paid |
|---|---|---|
| Turningpoint Healthcare Solutions LLC | Utilization Management | $12,548,913 |
| Express Scripts Insurance Company | Pharmacy Benefits Manager | $12,298,448 |
| Saveon Sp LLC | Pharmacy Benefits Manager | $12,086,312 |
| Cotiviti Inc | Information Services | $6,204,637 |
| Delta Dental Plan of Michigan | Dental Benefits Manager | $5,926,065 |
1 grant to Corewell Health totaling $500K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Health Endowment Fund | Advance care planning for high-risk snf residents | 2021 | $499,724 |
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Data for Corewell Health (EIN 38-2715520) 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.