Corewell Health
501(c)(4)
Only 0% goes to programs Thin reserves Declining revenue
Corewell Health is a 501(c)(4) organization based in Grand Rapids, Michigan, registered in 1998, with $23,180 in FY2024 revenue. CharityIndex grades it B, and it directs about 0% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 38-3240485 Since 1998
Revenue (FY2024)
$23K
▼ 97.8% vs prior year
Expenses (FY2024)
$17K
Net assets
$0
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
CProgram efficiency40% of the rating0% 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: 0% to programs earns a C on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +27% 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 · +27% margin earns a C 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 $114.9M (FY2013) to $23K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Operating margin
27.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$0
Total liabilities
$0
Net assets
$0
Salaries & benefits
$0
0% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,180▼97.8% | $16,874▼98.0% | $0▼100% | $0▼100% | 990 |
| 2023 | $1,043,697▼89.6% | $835,347▼89.9% | $3,952,883▲5.6% | $4,018,258▼39.3% | 990 |
| 2022 | $9,992,822▼93.5% | $8,240,261▼94.6% | $3,744,533▼88.1% | $6,619,490▼88.3% | 990 |
| 2021 | $152,617,176▲4.6% | $152,889,857▲1.9% | $31,452,462▼1.3% | $56,540,654▼19.0% | 990 |
| 2020 | $145,877,500▼20.3% | $150,101,091▼16.5% | $31,873,077▼11.7% | $69,844,675▼14.8% | 990 |
| 2019 | $182,950,323▼0.3% | $179,703,255▲3.9% | $36,096,668▼15.8% | $81,937,167▲6.3% | 990 |
| 2018 | $183,479,992▲23.6% | $172,886,624▲30.0% | $42,849,595▼7.4% | $77,068,038▲13.4% | 990 |
| 2017 | $148,500,513▲6.5% | $133,027,141▲0.2% | $46,256,227▲50.3% | $67,933,166▲20.7% | 990 |
| 2016 | $139,480,169▼10.0% | $132,782,017▼11.2% | $30,782,855▲27.8% | $56,277,626▲3.9% | 990 |
| 2015 | $154,983,373▼3.5% | $149,446,681▼5.6% | $24,084,703▲29.9% | $54,151,525▲17.8% | 990 |
| 2014 | $160,606,520▲39.8% | $158,333,971▲37.9% | $18,548,011▲14.0% | $45,966,706▲48.6% | 990 |
| 2013 | $114,873,177 | $114,799,205▲18.5% | $16,275,462▲0.5% | $30,934,139▲12.1% | 990 |
| 2012 | — | $96,848,469▲6.6% | $16,201,490▲1.1% | $27,590,819▼7.5% | 990 |
| 2011 | — | $90,883,721▲40.8% | $16,031,421▲0.3% | $29,840,461▲13.8% | 990 |
| 2010 | — | $64,552,940 | $15,978,867 | $26,232,009 | 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 |
|---|---|---|---|
| James Forshee Md | Former Key Employee | 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 |
|---|---|---|
| Elixir Rx Solutions LLC | Pharm Benefits Mgr | $1,003,561 |
| First Health Group Corp | Claims Recovery | $297,794 |
| Beacon Health Options Inc | Clinic Mental Health | $130,215 |
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 38-3240485, based in Grand Rapids, Michigan.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 38-3240485.
- How much revenue does Corewell Health report?
- Corewell Health reported $23,180 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 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Corewell Health have?
- CharityIndex grades Corewell Health B, 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 James Forshee Md (Former Key Employee).
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Data for Corewell Health (EIN 38-3240485) 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.