Corewell Health
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Average
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2022 | $17,548,575↓26% | $21,123,809↓8% | $120,921,715↓10% | |
| 2021 | $23,683,241↓15% | $22,899,977↓12% | $134,950,596↑1% | — |
| 2020 | $28,008,850↓18% | $25,969,378↓22% | $133,960,465↑23% | — |
| 2019 | $34,338,494↑7% | $33,162,095 | $109,107,637↑7% | — |
| 2018 | $32,097,556↓14% | $33,145,051↓1% | $101,631,052↓3% | — |
| 2017 | $37,217,578↓2% | $33,619,317↑1% | $104,610,958↑8% | — |
| 2016 | $38,154,753↑7% | $33,279,792↑2% | $97,289,670↑4% | — |
| 2015 | $35,686,964↓5% | $32,571,134↓2% | $93,999,272↑1% | — |
| 2014 | $37,423,139↑4% | $33,260,681↑2% | $93,452,652↑3% | — |
| 2013 | $35,883,877 | $32,567,379 | $90,488,059↑6% | — |
| 2012 | $35,920,417↓4% | $32,439,472↑2% | $85,659,294↑4% | — |
| 2011 | $37,229,701 | $31,720,002 | $82,400,721 | — |
Frequently Asked Questions
What does Corewell Health do?▼
Corewell Health is a health care nonprofit organization based in Michigan. It is classified under NTEE code E21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Corewell Health financially healthy?▼
Based on our 9-metric Financial Health Score model, Corewell Health has a score of 47/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Corewell Health generate?▼
Corewell Health reports $17.5M in annual revenue and holds $120.9M in total assets, based on IRS filings.
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