Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 56,645,887 | 140,166,935 | −83,521,048 | -0.0 | 76% |
| 2019 | 74,129,377 | 126,406,191 | −52,276,814 | 0.0 | 90% |
| 2020 | 78,384,536 | 127,400,303 | −49,015,767 | 0.0 | 87% |
| 2021 | 82,138,397 | 132,318,266 | −50,179,869 | 0.0 | 0% |
In its most recent public year (2021), this organization spent $50,179,869 more than it brought in. Its reserves stood at about 0 months of spending. Staff pay was 0% 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 2021. 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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