E — Health CareEIN: 383382353

Corewell Health

Grand Rapids, Michigan

BHealth Score
57B

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)

This Org2.14×
Peer Median0.58×
💰
$719.9M
Total Revenue
📊
$815.5M
Total Expenses
🏦
$1.7B
Net Assets
📋
$1.8B
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-16.8%
Year-over-year change (2021 → 2022)
Net Margin
-13.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.14
Net assets divided by total expenses
Liabilities-to-Assets
50.4%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
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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