Executive Compensation at Corewell Health (2023)

Corewell Health (Corewell) is a tax-exempt, non-profit healthcare system – a 501 (c) 3 – that was formed in 2022 when Beaumont Health (based in Detroit, Michigan) merged with Spectrum Health (based in Grand Rapids, Michigan) with 21 hospitals and 300 outpatient locations staffed by 65,000 employees.

Corewell consists of 14 tax-exempt organizations, 7 organizations taxable as a partnership, and 32 organizations taxable as a corporation or trust.  This post reports the compensation of highly compensated employees as listed on the Corewell Health Group Return.  Key information about this organization is summarized as follows:

In 2023, Corewell reported total revenue of $10.4 billion, most of which came from patient care ($9.8 billion).

Expenses totaled $10.2 billion (including $428 million of depreciation) primarily comprised of compensation ($5 billion), medical supplies ($1.8 billion), fees for services ($1.6 billion), office-related expenses ($574 million), and bad-debt expenses ($449 million).

Net assets were reported to be $5.2 billion at year-end 2023.

The Corewell group return does not report having any employees (because the employees work for related/affiliated organizations and because they used staffing services) but does report 64 highly compensated employees of these related/affiliated organizations:

• $6,732,149:  Christina Freese Decker, Director, CEO
• $3,903,959:  Darryl Elmouchi, Director, Ex-Officio/COO
• $3,234,920:  Kongkrit Chaiyasate, Former Employee
• $3,195,904:  Praveen Thadani, Director
• $3,183,271:  Matthew Cox, CFO
• $3,147,331:  Mohammad Christi, Former Employee
• $2,254,097:  Benjamin Schwartz, Director PY/Presdient CHE PY
• $1,890,010:  Loren B Hamel, Director/President CHS/Ex-Officio
• $1,778,130:  Mohamad Alsibae, Former Employee
• $1,602,995:  Muhammad Azrak, Former Employee
• $1,483,975:  Charles Sherry, Former Employee
• $1,431,049:  Nancy Susick, Director/Secretary, Former Employee
• $1,286,400:  Alejandro Quiroga Chand, Director/President CHW
• $1,145,743:  Paolo Marciano, Director, President, Former Employee
• $1,100,374:  Hossain Marandi, Former Employee
• $1,052,696:  Chad Tuttle, Director, President, Former Officer
• $1,013,770:  Daniel Fratarelli, Former Employee
• $  976,162:  Jason Slaikeu, Former Officer
• $  967,532:  Brian Brasser, Former Officer
• $  845,139:  Barbara Ducatman, Former Employee
• $  841,171:  Anthony Stallion, Director
• $  820,504:  Martha Boonstra, Secretary PY
• $  818,740:  Benjamin Gielda, Ex-Officio Director
• $  795,518:  Lowell Hamel, Director/Ex-Officio/Former Employee
• $  776,436:  Andrea Leslie, Regional President
• $  767,432:  Charles Gibson, Director
• $  757,500:  Dominic Sanfilippo, Former Employee
• $  698,749:  Jeffrey Postma, Ex-Officio Director
• $  696,526:  Christopher Flores, Director/Treasurer
• $  629,883:  Robert Hoefer, Regional President
• $  627,282:  Robert Fitzgerald, Director
• $  620,431:  Kelli Sadler, Director
• $  614,134;  Kristine Donahue, Former Employee
• $  603,767:  Drew Dostal, Regional President
• $  576,901:  Kelly Dyer, Director/President
• $  552,374:  Michael Webb, Ex-Officio Director
• $  506,111:  Cara Jansma, Secretary
• $  498,374:  Lee Ann Odom, Former Employee
• $  485,089:  Karen Pakkala, Director/President
• $  482,255:  Myron Lewis, Former Officer
• $  471,477:  Jodie Rappe, Former Employee
• $  468,603:  John Schuen, Former Officer
• $  467,544:  Heather Lallo, Director/Treaurer
• $  465,670:  Surender Rajasekarn, Director
• $  450,096:  Annica Waalkes, Director
• $  437,391:  Nicholas Gilpin, Former Employee
• $  431,399:  Brian Phillips, Former Officer
• $  406,020:  Melinda Gruber, Former Officer
• $  392,224:  Simon Beg, Director/Chair
• $  386,606:  Talawnda Bragg, Director
• $  386,356:  Anne Stewart, Director
• $  363,988:  Kassem Charara, Former Employee
• $  355,879:  Ashok Jain, Director
• $  346,428:  Michael Khoury, Former Employee
• $  343,440:  Soroya Pierre-Vanartsen, President
• $  281,513:  Jonathan Kaper, Former Employee
• $  278,212:  Margaret Lightner, Director/President/Secretary
• $  267,611:  Debra Johnson, Director/Secretary
• $  265,044:  Angela Ditmar, Former Officer
• $  255,618:  Ray Cruse, Former Officer
• $  241,565:  Abedelrahim Asfour, Director/Co-Vice Char
• $  195,760:  Michael Rebock, Former Employee
• $  194,763:  Daniel Wassenhove, Director/Treasurer
• $  182,064:  Lisa Ouellette, Former Employee

The 64 employees (including 30 former employees) received $65 million in compensation in 2023.  The most highly compensated employee was Christina Freese Decker, a Director and the CEO, who received nearly $7 million in compensation in 2023; and $24 million from 2018-2023:

Christina Freese Decker:  Total Compensation 2018-2023:  $24 million

• 2023:  $6,732,149
• 2022:  $4,492,371
• 2021:  $4,159,229
• 2020:  $3,521,579
• 2019:  $2,993,236
• 2018:  $1,869,655

Ellis Parking Company (Michael Ellis, a director of Corewell owns more than 35% of this entity) received $2.5 million in compensation for services.

Helen Now LLC (Jeffrey Bennett, a director of Corewelll owns more than 35% of this software entity) received $600,000 in compensation for services.

495 independent contractors received more than $100,000 in compensation.  The five (5) most highly compensated were reported to be:

• $113 million:  The Christman Company, of Grand Rapids, MI for construction services
• $ 57 million:  Northstar Anesthesia of Michigan III PLL, of Dallas, TX for anesthesia services
• $ 39 million:  AMN Healthcare, of Dallas, TX for staffing services
• $ 30 million:  Pioneer Construction, of Grand Rapids, MI for construction services
• $ 22 million:  AYA Healthcare, of Dallas, TX for staffing services

To read the IRS Form 990 (2023), click Corewell Health Group Return