Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,618,643 | 19,720,145 | 898,498 | -3.7 | 39% |
| 2012 | 19,967,522 | 20,061,910 | −94,388 | -4.8 | 38% |
| 2013 | 22,890,809 | 20,920,035 | 1,970,774 | -2.7 | 37% |
| 2014 | 21,244,852 | 20,546,606 | 698,246 | -2.3 | 39% |
| 2015 | 20,654,487 | 20,464,847 | 189,640 | -2.3 | 41% |
| 2016 | 20,028,900 | 20,689,190 | −660,290 | -2.9 | 41% |
| 2017 | 19,945,054 | 21,726,055 | −1,781,001 | -3.4 | 41% |
| 2018 | 19,194,048 | 22,740,922 | −3,546,874 | -8.7 | 35% |
| 2019 | 21,687,161 | 23,901,480 | −2,214,319 | -13.4 | 31% |
| 2020 | 16,692,642 | 19,946,361 | −3,253,719 | -22.4 | 33% |
| 2021 | 13,440,460 | 18,116,717 | −4,676,257 | -32.3 | 35% |
| 2022 | 12,077,475 | 18,012,116 | −5,934,641 | -41.1 | 34% |
In its most recent public year (2022), this organization spent $5,934,641 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-41.1 months), down from -3.7 in 2011. Staff pay was 34% of spending. $123,088 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 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
Corewell Health's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works