Corewell Health
Nonprofit profile at a glance
- EIN
- 383382353
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Grand Rapids, MI, USA
- Phone
- 8669897999
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $1,957,749,115
- Expenses
- $1,658,500,498
- Assets
- $7,099,856,155
- Liabilities
- $3,509,546,034
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- CHRISTINA FREESE DECKER (DIRECTOR/PRESIDENT)
- PRAVEEN THADANI (PRESIDENT PRIORITY HEALTH)
- LOREN B HAMEL MD (PRESIDENT CHS PY)
- ALEJANDRO QUIROGA CHAND MD (PRESIDENT CHW PY)
- JOSHUA KOOISTRA DO (INTERIM PRESIDENT CHW PY)
- LAMONT YODER (PRESIDENT CHE PY)
Highest reported compensation
- CHRISTINA FREESE DECKER (DIRECTOR/PRESIDENT): $6,952,800 total reported compensation
- KONGKRIT CHAIYASATE MD (PHYSICIAN): $3,572,350 total reported compensation
- DARRYL ELMOUCHI MD (CHIEF OPERATING OFFICER PY): $3,463,968 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Improve health, instill humanity, and inspire hope. We are here to make health better. In the communities we serve across the state, we share our bold commitment to helping people be well, so they can live their healthiest life possible. mother and father and two small children hug and smile while at home What guides us. We’re on a mission to make health better in every community we serve. And we're doing so by collaborating with others to harness the power of what we can do — together. We’re listening to our communities and learning every day about how we can be a better advocate. From classes, collaborations, and sponsorships to events, volunteer opportunities, and initiatives, we’re helping make our neighborhoods healthier places to live, work, and play. Community relations.
What it reported doing in 2024
Corewell health provides common management of the not-for-profit health care system activities performed by supported organizations. The supported organizations include 20 hospital facilities, more than 300 ambulatory and service sites, and over 6,000 licensed beds system-wide with facilities that include medical centers, regional community hospitals, a dedicated children's hospital, multispecialty medical groups, affiliated physicians and a nationally recognized provider-sponsored health plan with more than 1.3 million members.
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Accountability: 77
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.6%; rating input score 89
- Program expense ratio: 98.3%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Pass
- May require repayment: Fail
- Grant itemization coverage: 99.1%; rating input score 99; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 60%; rating input score 60; 16th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.3%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 4.28; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 12.6% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 13.4% per year; rating input score 100; 82nd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 88.6% of revenue deployed · 98.3% of spending went to programs
- Governance: 9 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.6B in reported program spending
- Leadership: top reported pay $7M · 37 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $117.8M reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 65 filed money-flow records
- Related organizations: 88 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.