Corewell Health
98% goes to programs $0 to raise $100 Strong reserves Growing revenue
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $1,957,749,115 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 38-3382353 Since 2014
Revenue (FY2024)
$2.0B
▲ 50.9% vs prior year
Health median: $840K
Expenses (FY2024)
$1.7B
Net assets
$3.6B
Employees
85,088
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 rating98% 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: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +15% 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: 26 mo reserves · +15% 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 →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
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
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $466.1M (FY2013) to $2.0B (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.5BNet assets $3.6B
Operating margin
15.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.1B
Total liabilities
$3.5B
Net assets
$3.6B
Salaries & benefits
$930.5M
56% of expenses
Board members
15
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,957,749,115▲50.9% | $1,658,500,498▲44.3% | $3,590,310,121▲18.5% | $7,099,856,155▲44.7% | 990 |
| 2023 | $1,297,092,448▲80.2% | $1,149,227,831▲40.9% | $3,030,567,856▲73.3% | $4,906,691,932▲39.2% | 990 |
| 2022 | $719,851,214▼16.8% | $815,518,618▲13.3% | $1,748,323,775▼16.9% | $3,524,434,038▼6.4% | 990 |
| 2021 | $865,601,487▼17.6% | $719,559,849▼19.7% | $2,105,026,145▲19.1% | $3,764,596,745▲29.1% | 990 |
| 2020 | $1,050,315,288▲25.6% | $896,411,220▲17.9% | $1,768,168,334▲28.7% | $2,915,356,282▲47.8% | 990 |
| 2018 | $836,019,031▲3.6% | $760,129,710▲0.5% | $1,374,089,466▲4.2% | $1,972,623,530▲6.7% | 990 |
| 2017 | $807,176,683▲10.4% | $756,217,166▲12.6% | $1,318,570,034▲7.5% | $1,848,001,243▼0.3% | 990 |
| 2016 | $731,060,091▲13.0% | $671,675,163▲7.2% | $1,226,828,158▲17.7% | $1,852,830,773▲7.0% | 990 |
| 2015 | $646,979,943▲8.8% | $626,488,761▲19.0% | $1,042,475,277▲7.9% | $1,731,467,664▲16.7% | 990 |
| 2014 | $594,547,465▲27.6% | $526,636,526▲8.0% | $966,284,335▲4237% | $1,484,239,566▲10.0% | 990 |
| 2013 | $466,102,534 | $487,579,642▲35.2% | $22,277,472▼23.7% | $1,349,906,269▲17.9% | 990 |
| 2012 | — | $360,550,714▲96.3% | $29,202,201▲176% | $1,144,899,814▲22.5% | 990 |
| 2011 | — | $183,631,523▲75.7% | -$38,585,926▼357% | $934,496,786▲11.2% | 990 |
| 2010 | — | $104,517,927▲23.3% | $15,008,040▲126% | $840,206,700▼0.2% | 990 |
| 2009 | — | $84,781,687 | -$57,089,833 | $841,726,685 | 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)
Highest-paid: Christina Freese Decker — $5,453,830 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christina Freese Decker | Director/president | 50 | $5,453,830 |
| Kongkrit Chaiyasate Md | Physician | 0 | $3,517,598 |
| Darryl Elmouchi Md | Chief Operating Officer Py | 50 | $3,007,016 |
| Mohammad Chisti Md | Physician | 0 | $2,738,859 |
| Praveen Thadani | President Priority Health | 1 | $2,602,705 |
| Matthew E Cox | Treasurer | 50 | $2,523,615 |
| Sara Riaz Md | Physician | 0 | $2,159,047 |
| Laith Jamil Md | Physician | 0 | $1,780,497 |
| Tracie Morris | Chief People Officer | 50 | $1,581,002 |
| Paul Mazaris Md | Physician | 0 | $1,535,098 |
| Benjamin Schwartz Md | Former Key Employee | 0 | $1,518,565 |
| Loren B Hamel Md | President Chs Py | 1 | $1,492,259 |
| David Leonard | Secretary | 50 | $1,447,356 |
| Jason Joseph | Chief Digital and Info Officer | 50 | $1,418,808 |
| Alejandro Quiroga Chand Md | President Chw Py | 1 | $1,276,102 |
| Jeremy Harper | Chief Strategy and Mkt Officer | 50 | $1,233,830 |
| Carlos Cubia | Chief Com and Hlth Belonging Officer | 50 | $1,033,362 |
| Chad Tuttle | Interim Chief Operating Officer Py | 50 | $987,580 |
| Joshua Kooistra Do | Interim President Chw Py | 1 | $853,724 |
| Lamont Yoder | President Che Py | 1 | $798,668 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Epic Systems Corporation | Information Services | $43,622,635 |
| Rockford Construction Co Inc | Construction Services | $30,400,153 |
| Csi Hcit | Consulting Services | $17,297,165 |
| Rise Interactive Media & Analytics LLC | Consulting Services | $15,065,513 |
| Meduit LLC | Revenue Cycle Services | $11,410,402 |
Grants received · $9.6M total
39 grants to Corewell Health totaling $9.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Medical care | 2024 | $28,400 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| Community Foundation For Southeast Michigan | State opioid response | 2023 | $396,809 |
| The Aspen Institute Inc | Criminal justice reform initiative (cjri) award | 2023 | $225,000 |
| Donor Advised Charitable Giving | Health | 2023 | $200,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $25,000 |
| Feeding America West Michigan | Fight hunger | 2023 | $24,525 |
| Donor Advised Charitable Giving | Health | 2022 | $200,100 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy23 center of excellence/research | 2022 | $25,000 |
| Feeding America West Michigan | Fight hunger | 2022 | $17,797 |
| Corewell Health | To support exempt purpose | 2022 | $14,043 |
| Corewell Health | General support | 2021 | $903,518 |
| Feeding America West Michigan | Fight hunger | 2021 | $17,359 |
| Feeding America West Michigan | Fight hunger | 2021 | $7,388 |
| Corewell Health | General support | 2020 | $770,872 |
Grants made · $4.5M in FY2024
30 grants totaling $4.5M in FY2024 — showing the 15 largest. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Grand Valley State University | To support exempt purpose | $3,205,030 |
| Grand Rapids Public Schools | To support school health and wellness | $179,821 |
| Our Mental Health Collective | To support exempt purpose | $163,203 |
| Hispanic Center of Western Michigan Inc | To support exempt purpose | $145,213 |
| Inforum | To support exempt purpose | $84,000 |
| Young Mens Christian Association Tri Cities | To support exempt purpose | $82,561 |
| Strategic Workforce Solutions | To support exempt purpose | $75,000 |
| Exalta Health | To support exempt purpose | $62,500 |
| Community Food Clubs | To support exempt purpose | $60,000 |
| Realism Is Loyalty | To support exempt purpose | $45,000 |
| Urban Core Collective | To support exempt purpose | $45,000 |
| Fitkids360 | To support exempt purpose | $40,342 |
| West Michigan Center For Arts and Technology | To support exempt purpose | $39,000 |
| Dwelling Place of Grand Rapids Nonprofit Housing Corporation | To support exempt purpose | $38,500 |
| Puertas Abiertas | To support exempt purpose | $36,000 |
Similar organizations in Health
Health
Health Alliance Plan of Michigan
Detroit, MI
$1.6B
Aannual revenue
Health
Bronson Methodist Hospital
Kalamazoo, MI
$1.5B
A+annual revenue
Health
Delta Dental Plan of Michigan
Okemos, MI
$1.2B
Aannual revenue
Health
Corewell Health
Grand Rapids, MI
$1.2B
Aannual revenue
Health
Edward W Sparrow Hospital Association
Lansing, MI
$1.2B
Aannual revenue
Health
Mclaren Health Plan Inc
Flint, MI
$1.2B
A+annual revenue
Health
Henry Ford Health St John Hospital
Detroit, MI
$1.1B
Aannual revenue
Health
Trinity Health Corporation
Livonia, MI
$2.9B
A+annual revenue
Wa Foote Memorial Hospital
Detroit, MI
$907.6M
A+annual revenue
- Health
Henry Ford Health Providence Hospital
Detroit, MI
$896.9M
Aannual revenue
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 38-3382353, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 38-3382353.
- How much revenue does Corewell Health report?
- Corewell Health reported $1,957,749,115 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 98% 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 $5,453,830, paid to Christina Freese Decker (Director/president).
More nonprofits in Grand Rapids
Explore more
Data for Corewell Health (EIN 38-3382353) 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.