Overview
What is Corewell Health?
Corewell Health is a comprehensive nonprofit health care system based in Grand Rapids, Michigan, with over 37,000 employees. They oversee the activities of 22 hospitals, 300 ambulatory and service sites, and a nationally recognized health plan, providing care to over 1.27 million members. Corewell Health's mission is to enhance health, instill humanity, and inspire hope throughout their system, which includes a medical center, community hospitals, a dedicated children's hospital, a multispecialty medical group, affiliated physicians, and a health plan. Their reach extends to 5,800 licensed beds system-wide, aiming to provide top-notch health care services to their communities.
Official website here: www.corewellhealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Stars)
Corewell Health has achieved an impressive Four-Star rating from Charity Navigator, signifying a strong commitment to accountability and finance within its operations. The organization scored exceptionally well across various facets of financial governance, including a perfect score for its independent board members and a remarkable 99.25% program expense ratio, indicating that the vast majority of its expenses go directly to its programs.
The nonprofit's financial health is robust, with a low liabilities to assets ratio of 44.08%, which reflects prudent financial management and sustainability. Furthermore, Corewell Health has established comprehensive policies, including conflict of interest and whistleblower policies, ensuring transparency and ethical conduct throughout its operations.
While the ratings are highly favorable, the summary primarily highlights financial metrics without detailed insights into the impact of Corewell Health's programs. Nonetheless, the strong governance framework and financial accountability suggest that the organization is well-equipped to support its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Corewell Health legitimate?
Corewell Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corewell Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $22,755,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,761,818
For more financial information, click here
Official website here: www.corewellhealth.org
What is the mission statement of Corewell Health?
Corewell Health is dedicated to enhancing overall health and wellbeing, instilling humanity, and inspiring hope. They oversee the management of various not-for-profit health care system activities carried out by supported organizations. These organizations encompass 22 hospitals, over 300 ambulatory and service sites, and more than 5,800 licensed beds system-wide. Their facilities include medical centers, community hospitals, a children's hospital, a multispecialty medical group, affiliated physicians, and a recognized health plan with over 1.27 million members. Through their collective efforts, they aim to make a positive impact on the health and lives of many individuals.
Official website here: www.corewellhealth.org
Who is the CEO of Corewell Health?
Christina Freese Decker is the Director/President of Corewell Health.
Official website here: www.corewellhealth.org
What is the revenue of Corewell Health?
Corewell Health's revenue in 2022 was $719,851,214.
Official website here: www.corewellhealth.org
Who are the executives of Corewell Health and what are their salaries?
The average compensation at Corewell Health during 2022 was $9,994. There are 37776 employees at Corewell Health.
Here are 35 key members and their salaries:
- Compensation: $3,302,354
- Related: $0
- Other: $1,190,017
- Compensation: $3,946,563
- Related: $0
- Other: $3,752
- Compensation: $3,072,240
- Related: $0
- Other: $79,345
- Compensation: $1,675,642
- Related: $0
- Other: $590,128
- Compensation: $1,565,372
- Related: $0
- Other: $522,977
- Compensation: $1,543,705
- Related: $0
- Other: $473,764
- Compensation: $1,526,646
- Related: $0
- Other: $41,656
- Compensation: $1,414,905
- Related: $0
- Other: $138,050
- Compensation: $1,038,367
- Related: $0
- Other: $332,301
- Compensation: $984,362
- Related: $0
- Other: $353,327
- Compensation: $1,221,795
- Related: $0
- Other: $25,570
- Compensation: $1,089,870
- Related: $0
- Other: $37,144
- Compensation: $874,397
- Related: $0
- Other: $179,123
- Compensation: $763,552
- Related: $0
- Other: $208,998
- Compensation: $918,812
- Related: $0
- Other: $42,365
- Compensation: $0
- Related: $703,974
- Other: $54,488
- Compensation: $564,458
- Related: $0
- Other: $87,950
- Compensation: $791
- Related: $540,845
- Other: $58,333
- Compensation: $468,367
- Related: $0
- Other: $91,458
- Compensation: $31,750
- Related: $85,050
- Other: $0
- Compensation: $54,603
- Related: $0
- Other: $0
- Compensation: $50,024
- Related: $0
- Other: $0
- Compensation: $49,920
- Related: $0
- Other: $0
- Compensation: $49,679
- Related: $0
- Other: $0
- Compensation: $46,270
- Related: $0
- Other: $0
- Compensation: $43,000
- Related: $0
- Other: $0
- Compensation: $42,250
- Related: $0
- Other: $0
- Compensation: $42,250
- Related: $0
- Other: $0
- Compensation: $35,192
- Related: $0
- Other: $0
- Compensation: $34,263
- Related: $0
- Other: $0
- Compensation: $27,667
- Related: $0
- Other: $0
- Compensation: $10,417
- Related: $0
- Other: $0
- Compensation: $8,167
- Related: $0
- Other: $0
- Compensation: $7,720
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.corewellhealth.org
Where can I find the form 990 for Corewell Health?
Corewell Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.corewellhealth.org
Learn more at the official website: www.corewellhealth.org
Mission Statement of Corewell Health
Corewell Health is a not-for-profit healthcare system that is dedicated to improving health, instilling humanity, and inspiring hope. Through the common management of activities carried out by the supported organizations under its umbrella, Corewell Health aims to make a significant impact on various communities.
The supported organizations comprise of 22 hospital facilities, over 300 ambulatory and service sites, and over 5,800 licensed beds system-wide. These facilities include a medical center, regional community hospitals, a dedicated children's hospital, a multispecialty medical group, affiliated physicians, and a nationally recognized health plan with over 1.27 million members.
Corewell Health's mission is driven by its commitment to enhance the overall wellbeing of individuals. By managing these organizations, it strives to provide top-notch healthcare services that cater to the physical, emotional, and social needs of patients. The team at Corewell Health understands the significance of empathy and compassion in healthcare delivery and consistently works towards instilling these values in their care. Additionally, the organization inspires hope by offering accessible and affordable healthcare services that give patients the confidence to face their health challenges.
Corewell Health's influence extends beyond the walls of its healthcare facilities. Through its supported organizations, it collaborates with various healthcare professionals, advocates for better healthcare policies, and supports medical research to advance the field of medicine and ultimately improve health outcomes for all.
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Impact
October, 2024
Corewell Health impacts the community through a comprehensive network designed to improve health and inspire hope. With 22 hospital facilities and over 5,800 licensed beds, it offers extensive healthcare services, including a dedicated children's hospital and a multispecialty medical group. The organization operates more than 300 ambulatory and service sites, serving a diverse population and facilitating access to quality care.
Corewell Health's mission centers on enhancing health outcomes while instilling a sense of humanity in the care provided. By combining these healthcare resources with a nationally recognized health plan that serves over 1.27 million members, it effectively addresses the diverse healthcare needs of its community. This integrated approach ensures that individuals have access to a wide range of health services, fostering a healthier population and a supportive environment for healing and well-being.
This information is meant to be a general summary of Corewell Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,746,406
- Program Service Revenue: $695,782,639
- Gross Receipts: $752,044,448
Assets and Liabilities:
- Total Assets: $3,524,434,038
- Total Liabilities: $1,776,110,263
- Net Assets: $1,748,323,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE REVENUE
Revenue
$690,760,677
CONTRACTUAL INCENTIVES
Revenue
$1,592,370
SHARED SERVICE REVENUE
Revenue
$904,714
AFFILIATE PHYSICIAN PROGRAM
Revenue
$669,314
MEDICAL RECORD FEES
Revenue
$457,016
Organization Details
Founding Year
1997
Phone
(616) 391-2022Principal Officer
Christina Freese Decker
Main Address
221 MICHIGAN ST NE MC498 Suite 501, GRAND RAPIDS, MI, 49503
Website
www.corewellhealth.orgNTEE Category
Code: E21 - Health
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