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.
Above Average
How This Organization Compares
Compared to 354 peers in Health Care with >$1B 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 | $719,851,214↓17% | $815,518,618↑13% | $3,524,434,038↓6% | |
| 2021 | $865,601,487↓18% | $719,559,849↓20% | $3,764,596,745↑29% | — |
| 2020 | $1,050,315,288↑26% | $896,411,220↑18% | $2,915,356,282↑48% | — |
| 2019 | $836,019,031↑4% | $760,129,710↑1% | $1,972,623,530↑7% | — |
| 2018 | $807,176,683↑10% | $756,217,166↑13% | $1,848,001,243 | — |
| 2017 | $731,060,091↑13% | $671,675,163↑7% | $1,852,830,773↑7% | — |
| 2016 | $646,979,943↑9% | $626,488,761↑19% | $1,731,467,664↑17% | — |
| 2015 | $594,547,465↑28% | $526,636,526↑8% | $1,484,239,566↑10% | — |
| 2014 | $466,102,534↑25% | $487,579,642↑35% | $1,349,906,269↑18% | — |
| 2013 | $373,177,941↑96% | $360,550,714↑96% | $1,144,899,814↑23% | — |
| 2012 | $190,523,143↑151% | $183,631,523↑76% | $934,496,786↑11% | — |
| 2011 | $75,878,356 | $104,517,927 | $840,206,700 | — |
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 57/100 (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 $2.0B in annual revenue and holds $7.1B in total assets, based on IRS filings.
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