E โ€” Health CareEIN: 822768899ยท Ruling Year: 2014

Corewell Health

Grand Rapids, Michigan

FHealth Score
23F

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Critical

โš  3-point penalty for stale filing data

How This Organization Compares

Compared to 39 peers in Health Care with $10M-$100M revenue

๐Ÿ’ฐ
$82.1M
Total Revenue
๐Ÿ“Š
$132.3M
Total Expenses
๐Ÿฆ
$0
Net Assets
๐Ÿ“‹
N/A
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+4.8%
Year-over-year change (2020 โ†’ 2021)
Net Margin
-61.1%
Revenue minus expenses as % of revenue

Filing History

4 filings on record
YearRevenueExpensesAssets
2021$82,138,397โ†‘5%$132,318,266โ†‘4%$0
2020$78,384,536โ†‘6%$127,400,303โ†‘1%$0
2019$74,129,377โ†‘31%$126,406,191โ†“10%$0
2018$56,645,887$140,166,935$0

Frequently Asked Questions

What does Corewell Health do?โ–ผ

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?โ–ผ

Based on our 9-metric Financial Health Score model, Corewell Health has a score of 23/100 (Grade: F). 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?โ–ผ

Corewell Health reports $82.1M in annual revenue and holds $0 in total assets, based on IRS filings.

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Corewell Health โ€” Grand Rapids, MI | GiveScope