Corewell Health is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2014, with $131,140,763 in FY2021 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
Revenue (FY2021)
$131.1M
▲ 20.5% vs prior year
Health median: $840K
Expenses (FY2021)
$131.1M
Net assets
$0
Employees
0
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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: 100% to programs · $0 to raise $100 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: 0 mo reserves · +0% margin earns a C 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: 4 of 6 checks met earns a B 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: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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To provide medical services that meet the needs in the community for specialty care.
Revenue grew from $110.9M (FY2019) to $131.1M (FY2021) across 3 reported years.
Financial snapshot
Operating margin
0.1%
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
4
0 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $131,140,763▲20.5% | $131,052,118▲16.3% | $0 | $0 | 990 |
| 2020 | $108,793,103▼1.9% | $112,706,063▼2.0% | $0▲100% | $0 | 990 |
| 2019 | $110,896,044 | $115,005,105 | -$1,396 | $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.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carolyn Wilson | Secretary (end 10/21) | 1 | — |
| Daniel Frattarelli Md | President, Bmg | 20 | — |
| David Claeys | Secretary (eff 10/21) | 2 | — |
| David Wood Md | President (end 10/21) | 1 | — |
| Diane Roth | Treasurer (eff 10/21) | 1 | — |
| James Lynch | Director | 2 | — |
| John Kerndl | Treasurer (end 10/21) | 1 | — |
| Jonathan Maner | Svp Bh Phys., Exec. Dir. - Bmg | 20 | — |
| Paolo Marciano Md | President (eff 10/21) | 2 | — |
Explore more
Data for Corewell Health (EIN 82-2784244) 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.