Corewell Health

Overview

Mission

Improve health, instill humanity, and inspire hope.

Corewell Health, formerly known as William Beaumont Hospital, is a Michigan-based nonprofit health system committed to helping people be well so they can live their healthiest life possible. With more than 60,000 team members, 11,500 physicians and advanced practice providers, and 16,000 nurses, the system operates 21 hospital facilities and over 300 ambulatory/outpatient locations across the state. Corewell Health also includes Priority Health, which serves over 1 million members and contracts with 9,000+ employers, and a research institute advancing medical innovation. The organization is guided by a mission to improve health, instill humanity, and inspire hope, and a vision for health that is simple, affordable, equitable, and exceptional.

Operating model

Revenue model

Earned-program. 86% of the money available for current operations came from fees and other program revenue.

Distribution model

Direct operator. The filing allocates 99% 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

- This return only reports unrelated business income. Use the main filing to assess the organization as a whole.

Rating breakdown

Details

• What they do: 1 operating location identified
• Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
• Activities: Unrelated business income $26.8M · Business deductions $34.3M
• Consistency: 9 of 9 current checks pass
• Filing history: 4 filing years from 2020 to 2024
• Contacts: How to reach this organization
• Money network: 19 filed money-flow records
• Related organizations: 26 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.