Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 349,513,578 | 311,511,964 | 38,001,614 | 16.0 | 35% |
| 2012 | 354,626,034 | 336,630,994 | 17,995,040 | 16.3 | 34% |
| 2013 | 370,142,087 | 328,154,702 | 41,987,385 | 18.5 | 35% |
| 2014 | 387,535,201 | 346,669,193 | 40,866,008 | 18.6 | 35% |
| 2015 | 399,258,197 | 341,082,907 | 58,175,290 | 19.6 | 37% |
| 2016 | 403,572,955 | 365,484,510 | 38,088,445 | 19.8 | 36% |
| 2017 | 423,526,531 | 376,498,242 | 47,028,289 | 20.9 | 37% |
| 2018 | 448,708,904 | 401,605,648 | 47,103,256 | 20.6 | 37% |
| 2019 | 126,281,999 | 111,283,297 | 14,998,702 | 79.7 | 38% |
In its most recent public year (2019), this organization brought in $14,998,702 more than it spent. Its reserves stood at about 79.7 months of spending, up from 16 in 2011. Staff pay was 38% of spending. $1,933,376 of its net assets are donor-restricted.
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 2019. 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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