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.
Good
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
10 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $10,374,249,146↑7% | $10,229,587,760↑8% | $8,720,835,664↓13% | |
| 2022 | $9,673,192,506↑111% | $9,483,521,499↑124% | $10,007,679,811↑106% | — |
| 2021 | $4,589,850,744↑6% | $4,242,768,664↑5% | $4,852,252,378↑13% | — |
| 2020 | $4,346,400,464↑23% | $4,044,586,828↑20% | $4,297,048,044↑62% | — |
| 2019 | $3,523,706,223↑8% | $3,358,421,391↑6% | $2,644,725,310↑4% | — |
| 2018 | $3,273,546,056↑5% | $3,164,544,697↑6% | $2,549,742,190↑5% | — |
| 2017 | $3,103,801,907↑2% | $2,975,971,215↑5% | $2,434,924,975↑4% | — |
| 2016 | $3,046,771,758↑10% | $2,845,440,897↑12% | $2,345,908,055 | — |
| 2015 | $2,763,166,156↑6% | $2,532,008,520↑6% | $2,339,607,766↓25% | — |
| 2014 | $2,599,756,748 | $2,385,512,895 | $3,128,303,781 | — |
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 67/100 (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 $11.5B in annual revenue and holds $6.8B in total assets, based on IRS filings.
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