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← COREWELL HEALTH

Form 990 for tax year 2024

Filed by COREWELL HEALTH.

Totals

Total revenue
$65,214,472
Total expenses
$31,428,865
Contributions and grants received
$59,586,624
Grants paid
$24,245,852
Program service revenue
$0
Investment income
$5,859,644
Other revenue
-$231,796
Total assets, end of year
$351,974,160
Total liabilities, end of year
$43,189,542
Net assets or fund balances, end of year
$308,784,618
Program services expenses (Part IX)
$24,949,770
Management and general expenses
$3,030,070
Fundraising expenses
$3,449,025
Program service expenses (Part III)
$24,949,770

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $1,870,303

  • 1c · Fundraising events

    $2,084,128

  • 1f · All other contributions, gifts and grants

    $55,632,193

  • 1g · Noncash contributions included above

    $253,222

  • 3 · Investment income

    total $5,859,644 · excluded $5,859,644

  • 8a · Fundraising events: gross income

    $1,081,291

  • 8a · Fundraising events: contributions included on line 1c

    $2,084,128

  • 8b · Fundraising events: direct expenses

    $1,323,499

  • 8c · Net income from fundraising events

    total -$242,208 · excluded -$242,208

  • 9a · Gaming: gross income

    $17,427

  • 9b · Gaming: direct expenses

    $7,015

  • 9c · Net income from gaming

    total $10,412 · excluded $10,412

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,245,852 · program services $24,245,852

  • 11e · Fees: professional fundraising services

    total $55,337 · fundraising $55,337

  • 11f · Fees: investment management

    total $169,405 · management and general $169,405

  • 11g · Fees: other

    total $5,689,603 · program services $703,918 · management and general $1,864,951 · fundraising $3,120,734

  • 12 · Advertising and promotion

    total $357,391 · management and general $236,806 · fundraising $120,585

  • 13 · Office expenses

    total $232,583 · management and general $232,583

  • 14 · Information technology

    total $351,615 · management and general $284,492 · fundraising $67,123

  • 16 · Occupancy

    total $149,161 · management and general $149,161

  • 17 · Travel

    total $84,232 · management and general $42,116 · fundraising $42,116

  • 19 · Conferences, conventions and meetings

    total $93,686 · management and general $50,556 · fundraising $43,130

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $19,421,434

  • 3 · Pledges and grants receivable

    end of year $47,052,340

  • 10a · Land, buildings and equipment: cost or other basis

    $1,404,768

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,404,768

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $253,089,738

  • 15 · Other assets

    beginning of year $0 · end of year $32,410,648

  • 17 · Accounts payable and accrued expenses

    end of year $41,626

  • 19 · Deferred revenue

    end of year $2,476,632

  • 25 · Other liabilities

    beginning of year $0 · end of year $40,671,284

  • 27 · Net assets without donor restrictions

    end of year $55,362,770

  • 28 · Net assets with donor restrictions

    end of year $253,421,848

Mission and programs · 2024

Mission

IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.

  • SUPPORT WAS PROVIDED THROUGHOUT THE COREWELL HEALTH WEST REGION FOR PROGRAMS, PROJECTS, AND INITIATIVES THAT ADVANCE THE MISSION OF COREWELL HEALTH. EXAMPLES INCLUDE HEALTH SCIENCES RESEARCH, PATIENT ASSISTANCE, CARE COORDINATION INTERVENTIONS, CLINICAL TEAM MEMBER EDUCATION AND CLINICAL PROGRAM INNOVATIONS. THESE INVESTMENTS DIRECTLY IMPACTED COMMUNITY HEALTH NEEDS INCLUDING MENTAL AND BEHAVIORAL HEALTH, INFANT NUTRITION, AND WELLNESS.

    Expenses $17,991,529 · Grants $17,412,150

  • HELEN DEVOS CHILDREN'S HOSPITAL (HDVCH) HAS OVER 350 PEDIATRIC SPECIALISTS AND SUBSPECIALISTS AND HAS 12 YEARS OF RANKINGS IN THE U.S. NEWS & WORLD REPORT. ANNUAL FUNDRAISING FOR HELEN DEVOS CHILDREN'S HOSPITAL IS ALLOCATED TO OVER 20 PROGRAMS AND PROJECTS SUPPORTING RESEARCH AND CLINICAL INNOVATIONS, PATIENT SUPPORT, AND EDUCATION AND TRAINING. EXAMPLES INCLUDE ART, SCHOOL AND MUSIC THERAPY, THE CHILD PROTECTION CENTER, AND COMPLEX CARE NAVIGATION.

    Expenses $4,653,289 · Grants $4,569,942

  • BETZ CONGENITAL HEART CENTER OFFERS LEADING TECHNOLOGY AND ACCESS TO COMPLEX PROCEDURES TO PATIENTS IN WEST MICHIGAN. SUPPORT MADE POSSIBLE INVESTMENTS TO DEVELOPMENT OF A PEDIATRIC HEART TRANSPLANT PROGRAM AND EXPANSION WITH AN ADDITIONAL CATH LAB.

    Expenses $1,350,761 · Grants $1,326,609

  • MORE THAN $4 MILLION WAS SECURED TOWARDS DEVELOPMENT OF A 12 BED INPATIENT PEDIATRIC MEDICAL/PSYCHIATRIC UNIT. A DEDICATED TEAM OF PSYCHIATRISTS, PSYCHOLOGISTS, HOSPITAL-BASED PEDIATRICIANS, SOCIAL WORKERS, NURSES, CHILD LIFE SPECIALISTS, AND BEHAVIORAL HEALTH TECHNICIANS STAFF THE UNIT IN SUPPORT OF THIS COMMUNITY NEED.

    Expenses $954,191 · Grants $937,151

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AARON WONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEJANDRO QUIROGA CHAND MD

    DIRECTOR

    Total calculated
    $1,546,216
    From this org
    $0
    From related orgs
    $1,276,102
    Other
    $270,114
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $846,228 related
    Bonus
    $0 + $353,633 related
    Other
    $0 + $76,241 related
    Deferred
    $0 + $232,700 related
    Nontaxable benefits
    $0 + $37,414 related
    Filer's total
    $0 + $1,546,216 related

  • AMRITA PANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW SHANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CANDACE MATTHEWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DALE DEHAAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MEHNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNALEE HOLTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET NISBETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON DECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOAN SECCHIA

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY BRANN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSHUA KOOISTRA DO

    DIRECTOR

    Total calculated
    $1,000,547
    From this org
    $0
    From related orgs
    $853,724
    Other
    $146,823
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $639,278 related
    Bonus
    $0 + $142,337 related
    Other
    $0 + $72,109 related
    Deferred
    $0 + $111,674 related
    Nontaxable benefits
    $0 + $35,149 related
    Filer's total
    $0 + $1,000,547 related

  • KELLY DYER

    DIRECTOR/PRESIDENT

    Total calculated
    $560,584
    From this org
    $0
    From related orgs
    $511,805
    Other
    $48,779
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,454 related
    Bonus
    $0 + $83,967 related
    Other
    $0 + $44,384 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $34,979 related
    Filer's total
    $0 + $560,584 related

  • MARGE POTTER

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARIA DEVOS

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARY BETH MEIJER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ELLIS

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • NANCY HANENBURG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA BETZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK MILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ANTONINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MCNAMARA MD

    DIRECTOR

    Total calculated
    $551,088
    From this org
    $0
    From related orgs
    $506,823
    Other
    $44,265
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $472,155 related
    Bonus
    $0 + $20,186 related
    Other
    $0 + $14,482 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $23,565 related
    Filer's total
    $0 + $551,088 related

  • RONALD ALVESTEFFER

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SALLY ZARAFONETIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON COHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA FREESE DECKER

    CEO

    Total calculated
    $6,952,800
    From this org
    $0
    From related orgs
    $5,453,830
    Other
    $1,498,970
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,489,108 related
    Bonus
    $0 + $2,726,865 related
    Other
    $0 + $237,857 related
    Deferred
    $0 + $1,462,145 related
    Nontaxable benefits
    $0 + $36,825 related
    Filer's total
    $0 + $6,952,800 related

  • MATTHEW E COX

    CFO

    Total calculated
    $3,081,750
    From this org
    $0
    From related orgs
    $2,523,615
    Other
    $558,135
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,237,492 related
    Bonus
    $0 + $1,186,309 related
    Other
    $0 + $99,814 related
    Deferred
    $0 + $520,376 related
    Nontaxable benefits
    $0 + $37,759 related
    Filer's total
    $0 + $3,081,750 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
THE FILING ORGANIZATION RELIED UPON A RELATED ORGANIZATION WHO UTILIZED THE FOLLOWING PROCESS IN DETERMINATION OF THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE COREWELL HEALTH BOARD OF DIRECTORS (THROUGH ITS COMPENSATION COMMITTEE) USES THE FOLLOWING PROCESS FOR DETERMINING COMPENSATION OF THE TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND KEY EMPLOYEES AT COREWELL HEALTH. LABOR MARKET DATA REFLECTING COMPARABLE ORGANIZATIONS AND JOBS (PREPARED BY INDEPENDENT FIRMS) ARE RELIED UPON IN SETTING COMPENSATION LEVELS. COMPETITIVE ASSESSMENT REPORTS ARE PROVIDED TO THE COMPENSATION COMMITTEE IN ADVANCE OF MEETINGS. THE COMPETITIVE ASSESSMENT REPORT IS PREPARED BY A NATIONALLY KNOWN INDEPENDENT EXECUTIVE COMPENSATION FIRM. THE FOLLOWING SURVEYS, PREPARED BY INDEPENDENT FIRMS, WERE THE PRIMARY SOURCES REFERENCED TO OBTAIN COMPARABLE MARKET DATA FOR THE REVIEW: SULLIVANCOTTER, INC: 2024 HEALTH CARE MANAGEMENT AND EXECUTIVE COMPENSATION SURVEY SULLIVANCOTTER, INC: 2024 HEALTH PLAN MANAGEMENT AND EXECUTIVE COMPENSATION SURVEY SULLIVANCOTTER, INC: 2024 MEDICAL GROUP EXECUTIVE COMPENSATION SURVEY MERCER: 2024 IHN HEALTHCARE COMPENSATION SURVEY MERCER: 2024 IHP HEALTH PLAN COMPENSATION SURVEY GALLAGHER: 2023 NATIONAL HEALTHCARE LEADERSHIP COMPENSATION SURVEY IN ADDITION, ONE GENERAL INDUSTRY SURVEY WAS REFERENCED FOR SELECT POSITIONS: MERCER: 2023 US EXECUTIVE REMUNERATION SUITE IN ADDITION TO THE ABOVE DATA SOURCES, THE COMPENSATION COMMITTEE APPROVES A CUSTOM PEER GROUP OF HIGH PERFORMING INTEGRATED HEALTH SYSTEMS TO ENSURE ROBUST DATA AND A RELEVANT COMPARATOR MARKET EACH YEAR. THE PEER GROUP ORGANIZATIONS ARE APPROVED BY THE COMPENSATION COMMITTEE AND CONSISTS OF HEALTHCARE SYSTEMS SIMILAR IN REVENUE SIZE, TALENT MARKET COMPETITION, HIGH PERFORMANCE, FINANCIAL STABLE AS INDICATED BY BOND RATING, AND THAT FOLLOW A SIMILAR STRATEGY (MULTI-SITE SYSTEMS, HEALTH PLANS). COMPARATIVE DATA FOR THE APPROVED PEER GROUP IS COMPILED BY THE INDEPENDENT EXECUTIVE COMPENSATION CONSULTING FIRM. COMPENSATION ADJUSTMENTS ARE APPROVED BY COMPENSATION COMMITTEE MEMBERS, CONSISTENT WITH THE COREWELL HEALTH COMPENSATION PHILOSOPHY DESCRIBED BELOW. MINUTES OF COMMITTEE DISCUSSIONS AND DECISIONS ARE PREPARED TO MEMORIALIZE COMPENSATION COMMITTEE DECISIONS BASED UPON THE ABOVE DATA. COMPENSATION DATA RELIED UPON BY THE COMPENSATION COMMITTEE IS NATIONAL AND REFLECTS TOTAL COMPENSATION PAID TO EXECUTIVES IN COMPARABLE JOBS IN COMPARABLY SIZED HEALTH CARE AND/OR HEALTH INSURANCE ORGANIZATIONS. COREWELL HEALTH RECRUITS NATIONALLY FOR ITS EXECUTIVES. BENEFITS DATA REFLECTS NATIONAL HEALTH CARE/HEALTH INSURANCE MARKET PRACTICES. THIS PROCESS IS INTENDED TO ASSIST COREWELL HEALTH IN QUALIFYING FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS (INTERMEDIATE SANCTIONS REGULATIONS). THE OPINION SUBMITTED FROM THE THIRD-PARTY INDEPENDENT CONSULTING FIRM IS IN ACCORDANCE WITH THE PROVISIONS OF TREASURY REGULATIONS SECTION 53.4958-6(C)(2) AND IS ALSO INTENDED TO SATISFY THE PROFESSIONAL ADVICE REQUIREMENT OF TREASURY REGULATIONS SECTION 53.4958-1(D)(4)(III).
Part I, Line 4b
THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: CHRISTINA FREESE DECKER $1,449,979 MATTHEW E. COX $470,111 ALEJANDRO QUIROGA CHAND MD $70,364 JOSHUA KOOISTRA DO $70,214 KELLY DYER $42,068 LINE 4B IS ANSWERED YES BECAUSE CERTAIN INDIVIDUALS DO PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN(S). SOME INDIVIDUALS RECEIVED DISTRIBUTIONS DURING THE YEAR (AS REPORTED ON THIS LINE) WHEREAS OTHERS PARTICIPATED IN THE PLAN(S) BUT DID NOT RECEIVE DISTRIBUTIONS. DISTRIBUTIONS REPORTED ON THIS LINE ARE ALSO INCLUDED IN PART II, COLUMN F AS COMPENSATION REPORTED IN A PRIOR YEAR WHILE ALSO BEING REPORTED IN THE CURRENT 990 AS TOTAL COMPENSATION. THE NONQUALIFIED RETIREMENT PLANS ARE AN INDUSTRY STANDARD AND ARE SUBJECT TO THE FUNDING REQUIREMENTS OF NONQUALIFIED DEFERRED COMPENSATION PLANS UNDER ERISA AND FEDERAL TAX REGULATIONS.
PART II
COMPENSATION REPORTED IS PRIMARILY FOR PROFESSIONAL RESPONSIBILITIES AS PHYSICIANS, ADMINISTRATORS, OR EMPLOYEES OF RELATED ORGANIZATIONS OF THE HEALTH SYSTEM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349305052

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