Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 204,535,291 | 206,430,954 | −1,895,663 | 3.8 | 5% |
| 2021 | 196,513,216 | 206,349,336 | −9,836,120 | 3.3 | 5% |
| 2022 | 172,214,535 | 171,952,455 | 262,080 | 3.9 | 5% |
In its most recent public year (2022), this organization brought in $262,080 more than it spent. Its reserves stood at about 3.9 months of spending. Staff pay was 5% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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