Corewell Health
96% goes to programs $3 to raise $100 Growing revenue
Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $11,491,275,449 in FY2024 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
100 Corewell Dr Nw, Grand Rapids, MI, 49503 EIN 61-1740292 Since 2014
Revenue (FY2024)
$11.5B
▲ 10.8% vs prior year
Health median: $840K
Expenses (FY2024)
$11.2B
Net assets
$5.6B
Employees
0
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 rating96% to programs · $3 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: 96% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% 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: 6 mo reserves · +2% 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 →
A+Transparency10% of the rating5 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: 5 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.
What they do
Spectrum health medical group - see schedule o
Spectrum health foundation - see schedule o
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 $2.6B (FY2013) to $11.5B (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $5.6B
Operating margin
2.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.8B
Total liabilities
$1.2B
Net assets
$5.6B
Salaries & benefits
$5.1B
46% of expenses
Board members
357
193 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,491,275,449▲10.8% | $11,221,374,806▲9.7% | $5,575,204,755▲6.3% | $6,785,966,188▼22.2% | 990 |
| 2023 | $10,374,249,146▲7.2% | $10,229,587,760▲7.9% | $5,246,099,921▼7.9% | $8,720,835,664▼12.9% | 990 |
| 2022 | $9,673,192,506▲111% | $9,483,521,499▲124% | $5,694,532,638▲93.4% | $10,007,679,811▲106% | 990 |
| 2021 | $4,589,850,744▲5.6% | $4,242,768,664▲4.9% | $2,944,265,307▲9.2% | $4,852,252,378▲12.9% | 990 |
| 2020 | $4,346,400,464▲23.3% | $4,044,586,828▲20.4% | $2,696,747,745▲78.9% | $4,297,048,044▲62.5% | 990 |
| 2018 | $3,523,706,223▲7.6% | $3,358,421,391▲6.1% | $1,507,550,939▲9.8% | $2,644,725,310▲3.7% | 990 |
| 2017 | $3,273,546,056▲5.5% | $3,164,544,697▲6.3% | $1,373,409,607▲9.2% | $2,549,742,190▲4.7% | 990 |
| 2016 | $3,103,801,907▲1.9% | $2,975,971,215▲4.6% | $1,257,199,176▲11.1% | $2,434,924,975▲3.8% | 990 |
| 2015 | $3,046,771,758▲10.3% | $2,845,440,897▲12.4% | $1,131,722,892▲4.0% | $2,345,908,055▲0.3% | 990 |
| 2014 | $2,763,166,156▲6.3% | $2,532,008,520▲6.1% | $1,088,306,034▼43.0% | $2,339,607,766▼25.2% | 990 |
| 2013 | $2,599,756,748 | $2,385,512,895 | $1,909,276,573 | $3,128,303,781 | 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 |
|---|---|---|---|
| Abedelrahim Asfour Md | Director | 50 | — |
| Alejandro Quiroga Chand Md | Director Py/president Py | 50 | — |
| Alice Rasmussen | Director | 1 | — |
| Amey Upton | Director | 1 | — |
| Andrea Leslie | Regional President Py | 50 | — |
| Anne Mccausland | Director | 1 | — |
| Anne Stewart | Former Officer | 50 | — |
| Annica Waalkes Md | Director | 50 | — |
| Anthony Stallion Md | Director | 50 | — |
| Ashok Jain Md | Director | 50 | — |
| Barbara Ducatman Md | Former Key Employee | 50 | — |
| Barbara Pilarski | Director | 1 | — |
| Barbara Wynn Md | Director | 1 | — |
| Benjamin Gielda Md | Director | 50 | — |
| Benjamin Schwartz Md | Former Officer | 0 | — |
| Bertha King | Director | 1 | — |
| Billy Pink | Director | 1 | — |
| Brian Brasser | Former Officer | 1 | — |
| Brian Phillips Md | Former Officer | 50 | — |
| Cara Jansma | Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Christman Company | Construction Services | $85,128,106 |
| Northstar Anesthesia of Michigan III Pll | Anesthesia Services | $71,862,667 |
| Whiting-turner Contracting Company | Construction Services | $34,860,327 |
| Amn Healthcare Inc | Staffing Services | $14,358,786 |
| Ev Construction | Construction Services | $13,874,219 |
Grants made · $172K in FY2024
3 grants totaling $172K in FY2024. All grants made by Corewell Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Corewell Health | Transfer of gift shop profits to support exempt purpose of foundation | $134,147 |
| Montcalm Community College Foundation | To support exempt purpose | $20,000 |
| City of Ludington | K9 fund | $17,500 |
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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 61-1740292, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Corewell Health's EIN?
- Corewell Health's Employer Identification Number (EIN) is 61-1740292.
- How much revenue does Corewell Health report?
- Corewell Health reported $11,491,275,449 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 96% 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 $0, paid to Abedelrahim Asfour Md (Director).
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Data for Corewell Health (EIN 61-1740292) 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.