Executive Compensation at Corewell Health (2024)

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 more than 60,000 employees.

Corewell consists of 13 tax-exempt organizations, 9 organizations taxable as a partnership, and 37 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 2024, Corewell reported total revenue of $11.5 billion, most of which came from patient care ($11.2 billion).

Expenses totaled $11.2 billion (including $336 million of depreciation) primarily comprised of compensation ($5.1 billion), medical supplies ($2 billion), fees for services ($1.9 billion), office-related expenses ($564million), and bad-debt expenses ($652 million).

Net assets were reported to be $5.6 billion at year-end 2024.

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 58 highly compensated employees of these related/affiliated organizations, the 50 highest reported to be:

• $6,952,800:  Christina Freese Decker, Director, CEO
• $3,572,350:  Kongkrit Chaiyasate, Former Employee
• $3,463,968:  Darryl Elmouchi, Director, Ex-Officio/COO
• $3,153,750:  Praveen Thadani, Director
• $3,081,750:  Matthew Cox, CFO
• $2,780,452:  Mohammad Christi, Former Employee
• $1,589,344:  Paul Mazaris, Former Highest Compensated
• $1,546,216:  Alejandro Quiroga Chand, Director/President CHW
• $1,540,507:  Charles Sherry, Former Employee
• $1,526,281:  Loren B Hamel, Director/President CHS/Ex-Officio
• $1,518,565:  Benjamin Schwartz, Former Director PY/Presdient CHE PY
• $1,381,642:  Muhammad Azrak, Former Employee
• $1,160,550:  Chad Tuttle, Director, President, Former Officer
• $1,032,742:  Brian Brasser, Former Officer
• $1,000,547:  Joshua Kooistra, Director PY/Interim President PY
• $  960,401:  Lamont Yoder, Director PY/President PY
• $  950,919:  Anthony Stallion, Director
• $  948,878:  Jason Slaikeu, Former Officer
• $  925,882:  Nancy Susick, Director/Secretary, Former Employee
• $  913,021:  Paolo Marciano, Director, President, Former Employee
• $  882,379:  Benjamin Gielda, Ex-Officio Director
• $  812,855:  Andrea Leslie, Regional President
• $  795,556:  Charles Gibson, Director
• $   770,033:  Daniel Fratarelli, Former Employee
• $   762,639:  Dominic Sanfilippo, Former Employee
• $   716,489:  Robert Fitzgerald, Director
• $   709,239:  Martha Boonstra, Secretary PY
• $   691,568:  Barbara Ducatman, Former Employee
• $   674,778:  Lowell Hamel, Director/Ex-Officio/Former Employee
• $   673,399:   Natalie Baggio, President, Director PY
• $   686,853:  Jeffrey Postma, Director
• $   659,466:  Kelli Sadler, Director
• $   602,275:  Drew Dostal, Regional President
• $   605,246:  Michael Webb, Ex-Officio Director
• $   590,945:  Robert Hoefer, Regional President
• $   538,508:  Christopher Flores, Director/Treasurer
• $   483,744:  Karen Pakkala, Director/President
• $   473,968:  Annica Waalkes, Director
• $   466,062:  Cara Jansma, Secretary
• $   454,838:  John Schuen, Former Officer
• $   449,341:  Jodie Rappe, Former Employee
• $   448,033:  Paul Konopacki, Former Officer
• $   447,047:  Heather Lallo, Director/Treaurer
• $   432,072:  Nicholas Gilpin, Former Employee
• $   423,736:  Brian Phillips, Former Officer
• $   409,805:  Talawnda Bragg, Director
• $   365,443:  Melinda Gruber, Former Officer
• $   395,331:  Simin Beg, Director/Chair
• $   344,637:  Anne Stewart, Director
• $   286,616:  Leslie Flake, Former Officer

The 50 employees (including 22 former employees) received $57 million in compensation in 2024.  The most highly compensated employee was Christina Freese Decker, a Director and the CEO, who received nearly $7 million in compensation in 2023; and $31 million from 2018-2024:

Christina Freese Decker:  Total Compensation 2018-2024:  $31 million

• 2024:  $6,952,800
• 2023:  $6,732,149
• 2022:  $4,492,371
• 2021:  $4,159,229
• 2020:  $3,521,579
• 2019:  $2,993,236
• 2018:  $1,869,655

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

• $85 million:  The Christman Company, of Grand Rapids, MI for construction services
• $72 million:  Northstar Anesthesia of Michigan III PLL, of Dallas, TX for anesthesia services
• $35 million:  Whiting-Turner Contracting Co, of Baltimore, MD for construction services
• $14  million:  AMN Healthcare, of Dallas, TX for staffing services
• $14 million:  EV Construction, of Holland, MI for construction services

To read the IRS Form 990 (2024), click Corewell Health Group Return