Corewell Health
Only 30% goes to programs Thin reserves Growing revenue
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $92,521,029 in FY2021 revenue. CharityIndex grades it C, and it directs about 30% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 46-5718220 Since 2014
Revenue (FY2021)
$92.5M
▲ 111.6% vs prior year
Health median: $840K
Expenses (FY2021)
$92.5M
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.
C
FProgram efficiency40% of the rating30% 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: 30% to programs earns a F on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% 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 · +0% margin earns a C 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 →
BTransparency10% of the rating3 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: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide oversight and long term strategic management of beaumont health's supported organizations, in order to enhance their ability to continue 1) to provide high quality, efficient and accessible healthcare services in a caring environment, and 2) to be an essential contributor to the health and well-being of individuals and families, regardless of their financial circumstances in the communities served.
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 $3.0M (FY2014) to $92.5M (FY2021) across 8 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $815.4MNet assets $0
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$815.4M
Total liabilities
$815.4M
Net assets
$0
Salaries & benefits
$33K
0% of expenses
Board members
16
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $92,521,029▲112% | $92,521,029▲112% | $0 | $815,399,400▼3.4% | 990 |
| 2020 | $43,728,436▼11.5% | $43,728,436▼11.5% | $0 | $844,473,041▼3.1% | 990 |
| 2019 | $49,412,574▲28.8% | $49,412,574▲28.8% | $0 | $871,771,917▼3.5% | 990 |
| 2018 | $38,350,309▲5.1% | $38,350,309▲5.1% | $0 | $903,021,692▲0.9% | 990 |
| 2017 | $36,504,085▲23.1% | $36,504,085▲23.1% | $0 | $895,330,702▲6.8% | 990 |
| 2016 | $29,645,689▼15.3% | $29,645,689▼15.3% | $0 | $838,060,985 | 990 |
| 2015 | $35,015,528▲1072% | $35,015,528▲1072% | $0 | $0 | 990 |
| 2014 | $2,987,563 | $2,987,563 | $0 | $0 | 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: Harris Mainster Do — $33,005 (0.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Harris Mainster Do | Director | 2 | $33,005 |
| Abedelrahim Asfour Md | Director (eff 1/1/21) | 2 | — |
| Ashok Jain Md | Director (eff 1/1/21) | 2 | — |
| Christopher Blake | Vice-chairman (eff 6/21) | 2 | — |
| David Wood Md | Evp & Cmo (end 8/21) | 1 | — |
| Diane Roth | Evp & Cfo (eff 4/21) | 24 | — |
| Geoffrey Hockman | Director | 2 | — |
| Gerson Cooper | Director | 2 | — |
| John Fox | President & Ceo | 50 | — |
| John Kerndl | Evp & Cfo (end 3/21) | 22 | — |
| John Lewis | Chairman (end 6/21) | 2 | — |
| John Nemes | Secretary / Treasurer | 2 | — |
| Julie Fream | Chairperson (eff 6/21) | 2 | — |
| Martha Quay | Director | 2 | — |
| Robert Welsh Md | Director (eff 1/1/21) | 2 | — |
| Robert Williams Md | Director | 2 | — |
| Ronald Hall Jr | Director | 2 | — |
| Stephen Howard | Vice-chairman (end 8/21) | 2 | — |
| Thomas Saeli | Director | 2 | — |
| Timothy O'brien | Director | 2 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Cardinal Health | Pharmaceuticals Services | $317,479,182 |
| American Express Travel Related Serv Co | Ap Payment Program | $114,427,097 |
| Bank of America | Banking Services | $80,338,917 |
| Medline Industries Inc | Medical Supply Services | $49,059,426 |
| Medtronic USA Inc | Medical Technology Services | $36,856,491 |
Grants received · $1.1M total
15 grants to Corewell Health totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Public Health Institute | Diabetes prevention & mitigation in high-risk populations | 2024 | $165,030 |
| American Cancer Society Inc | Patient support | 2024 | $10,000 |
| American Cancer Society Inc | Patient support | 2024 | $10,000 |
| Michigan Public Health Institute | Diabetes prevention & mitigation in high-risk populations | 2024 | $8,000 |
| United Jewish Foundation | To support health care | 2023 | $66,600 |
| United Jewish Foundation | To support health care | 2022 | $20,000 |
| United Jewish Foundation | To support health care | 2021 | $40,000 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2019 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $32,500 |
| American Society of Health-system Pharmacists | The grant is provided to the employers of the ashp presidential officers, if requested, to offset support costs that the institution may incur during their election term. | 2019 | $15,000 |
| United Jewish Foundation | To support medical research | 2018 | $133,200 |
| American Society of Health-system Pharmacists | The grant is provided to the employers of the ashp presidential officers, if requested, to offset support costs that the institution may incur during their election term. | 2018 | $15,000 |
| United Jewish Foundation | To support medical research | 2017 | $135,100 |
| United Jewish Foundation | To support medical research | 2016 | $336,750 |
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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 46-5718220, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 46-5718220.
- How much revenue does Corewell Health report?
- Corewell Health reported $92,521,029 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 30% 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 $33,005, paid to Harris Mainster Do (Director).
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Data for Corewell Health (EIN 46-5718220) 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.