COREWELL HEALTH (EIN 383382353) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

CHRISTINA FREESE DECKER

Phone

8669897999

Tax Period

2024-01-01 to 2024-12-31

COREWELL HEALTH, founded in 1997, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299.2M, a strong 15% operating margin.

Mission

TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,704,666

Program Service Revenue $1,667,215,278

Investment Income $285,129,201

Other Revenue $699,970

TOTAL REVENUE $1,957,749,115

Expense Breakdown

Grants Paid $4,700,220

Salaries & Benefits $930,541,530

Fundraising Expenses $0

Program Expenses $1,629,524,284

Other Expenses $723,258,748

TOTAL EXPENSES $1,658,500,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,957,749,115	$1,297,092,448	+0.5%
Expenses	$1,658,500,498	$1,149,227,831	+0.4%
Net Income	$299,248,617	$147,864,617	+1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

85088

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$11,961,446

Total Directors

$7,533,948

Key Employees

$21,090,790

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA FREESE DECKER	DIRECTOR/PRESIDENT	50.00	Officer Director	$5,453,830	$1,498,970	$6,952,800
MARIJA GRAHOVAC MD	DIRECTOR	1.00	Director	$140,047	$0	$140,047
JULIE FREAM	DIRECTOR	1.00	Director	$45,500	$0	$45,500
SEAN WELSH	DIRECTOR/CHAIR	1.00	Officer Director	$57,000	$0	$57,000
MARK DAVIDOFF	DIRECTOR	1.00	Director	$48,500	$0	$48,500
RONALD HALL JR	DIRECTOR	1.00	Director	$45,500	$0	$45,500
WILLIAM PAYNE	DIRECTOR	1.00	Director	$45,000	$0	$45,000
THOMAS SAELI	DIRECTOR	1.00	Director	$33,601	$0	$33,601
TIMOTHY O'BRIEN	DIRECTOR	1.00	Director	$36,500	$0	$36,500
PHILOMENA MANTELLA	DIRECTOR	1.00	Director	$35,500	$0	$35,500
MICHAEL TODMAN	DIRECTOR/VICE CHAIR	1.00	Officer Director	$36,000	$0	$36,000
DANIELLE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS DEVOS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FIFER	DIRECTOR	1.00	Director	$29,250	$0	$29,250
ROBERT WILLIAMS MD	DIRECTOR	1.00	Director	$28,750	$0	$28,750
MATTHEW E COX	TREASURER	50.00	Officer	$2,523,615	$558,135	$3,081,750
DAVID LEONARD	SECRETARY	50.00	Officer	$1,447,356	$386,540	$1,833,896
DARRYL ELMOUCHI MD	CHIEF OPERATING OFFICER PY	50.00	Key Emp	$3,007,016	$456,952	$3,463,968
PRAVEEN THADANI	PRESIDENT PRIORITY HEALTH	1.00	Key Emp	$2,602,705	$551,045	$3,153,750
LOREN B HAMEL MD	PRESIDENT CHS PY	1.00	Key Emp	$1,492,259	$34,022	$1,526,281
JASON JOSEPH	CHIEF DIGITAL AND INFO OFFICER	50.00	Key Emp	$1,418,808	$381,853	$1,800,661
TRACIE MORRIS	CHIEF PEOPLE OFFICER	50.00	Key Emp	$1,581,002	$353,335	$1,934,337
JEREMY HARPER	CHIEF STRATEGY AND MKT OFFICER	50.00	Key Emp	$1,233,830	$341,749	$1,575,579
ALEJANDRO QUIROGA CHAND MD	PRESIDENT CHW PY	1.00	Key Emp	$1,276,102	$270,114	$1,546,216
CARLOS CUBIA	CHIEF COM AND HLTH BELONGING OFFICER	50.00	Key Emp	$1,033,362	$263,335	$1,296,697
CHAD TUTTLE	INTERIM CHIEF OPERATING OFFICER PY	50.00	Key Emp	$987,580	$172,970	$1,160,550
JAMES MOSES MD	CHIEF CLINICAL OFFICER	50.00	Key Emp	$798,589	$199,815	$998,404
JOSHUA KOOISTRA DO	INTERIM PRESIDENT CHW PY	1.00	Key Emp	$853,724	$146,823	$1,000,547
LAMONT YODER	PRESIDENT CHE PY	1.00	Key Emp	$798,668	$161,733	$960,401
NATALIE BAGGIO	PRESIDENT CHS PY	1.00	Key Emp	$590,543	$82,856	$673,399
KONGKRIT CHAIYASATE MD	PHYSICIAN	0.00	Highest	$3,517,598	$54,752	$3,572,350
MOHAMMAD CHISTI MD	PHYSICIAN	0.00	Highest	$2,738,859	$41,593	$2,780,452
SARA RIAZ MD	PHYSICIAN	0.00	Highest	$2,159,047	$45,683	$2,204,730
LAITH JAMIL MD	PHYSICIAN	0.00	Highest	$1,780,497	$52,132	$1,832,629
PAUL MAZARIS MD	PHYSICIAN	0.00	Highest	$1,535,098	$54,246	$1,589,344
BENJAMIN SCHWARTZ MD	FORMER KEY EMPLOYEE	0.00		$1,518,565	$0	$1,518,565
PAMELA RIES	FORMER KEY EMPLOYEE	0.00		$250,591	$0	$250,591

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,957,749,115	$1,658,500,498	$7,099,856,155	$299,248,617
2023	$1,297,092,448	$1,149,227,831	$4,906,691,932	$147,864,617
2022	$719,851,214	$815,518,618	$3,524,434,038	$-95,667,404
2021	$865,601,487	$719,559,849	$3,764,596,745	$146,041,638
2020	$1,050,315,288	$896,411,220	$2,915,356,282	$153,904,068
2019	$836,019,031	$760,129,710	$1,972,623,530	$75,889,321
2018	$807,176,683	$756,217,166	$1,848,001,243	$50,959,517

COREWELL HEALTH