Civic Intelligence

Corewell Health

EIN 38-1360562 • 501(c)3 • Grand Rapids, MI

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Profile

Pennock hospital's mission is to provide quality health services in a personal, professional and progressive manner in partnership with the community.

100 Corewell Dr NW Attn TaxGrand Rapids, MI 49503

www.pennockhealth.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.20x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.36x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

23rd percentile

-3.1%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

75th percentile

$846,691

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

8th percentile

-8.0%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-22%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets42nd percentile

Using 2015 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Down

$99,664,710

Down $8,657,516 (-8.0%) from 2014

Liabilities

Up

$19,810,085

Up $514,481 (+2.7%) from 2014

Net Assets

Down

$79,854,625

Down $9,171,997 (-10%) from 2014

Operations
Liabilities / Revenue46th percentileNet Margin23rd percentile

Revenue

Down

$55,375,814

Down $16,021,337 (-22%) from 2014

Expenses

Down

$57,105,454

Down $11,781,567 (-17%) from 2014

Net Income

Down

-$1,729,640

Down $4,239,770 (-169%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $80,558,605Liabilities 2010: $10,862,743Net Assets 2010: $69,695,8622010Assets 2011: $84,824,995Liabilities 2011: $14,044,836Net Assets 2011: $70,780,1592011Assets 2012: $93,950,623Liabilities 2012: $14,367,918Net Assets 2012: $79,582,7052012Assets 2013: $97,838,476Liabilities 2013: $13,900,025Net Assets 2013: $83,938,4512013Assets 2014: $108,322,226Liabilities 2014: $19,295,604Net Assets 2014: $89,026,6222014Assets 2015: $99,664,710Liabilities 2015: $19,810,085Net Assets 2015: $79,854,6252015

Latest loaded filing

2015

Assets$99,664,710
Liabilities$19,810,085
Net Assets$79,854,625
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $54,552,7722010Revenue 2011: $59,051,313Expenses 2011: $55,872,537Net Income 2011: $3,178,7762011Expenses 2012: $60,416,1572012Revenue 2013: $61,538,356Expenses 2013: $61,901,345Net Income 2013: -$362,9892013Revenue 2014: $71,397,151Expenses 2014: $68,887,021Net Income 2014: $2,510,1302014Revenue 2015: $55,375,814Expenses 2015: $57,105,454Net Income 2015: -$1,729,6402015

Latest loaded filing

2015

Revenue$55,375,814
Expenses$57,105,454
Net Income-$1,729,640
Open 2015 Filing

Filings

Most recent year

2024 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$99.7$19.8$79.9$55.4$57.1$1.73
2014Detailed filing. Detailed filing data is available for this year.$108$19.3$89.0$71.4$68.9$2.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.8$13.9$83.9$61.5$61.9$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.0$14.4$79.6$60.4
2011Summary only. Only limited summary data is available for this year.$84.8$14.0$70.8$59.1$55.9$3.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.6$10.9$69.7$54.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

Pennock hospital's mission is to provide quality health services in a personal, professional, and progressive manner in partnership with the community.

Filing and Contact Details

Filer

Filer Name
Pennock Hospital
EIN
38-1360562
Phone
8669897999
Address
100 COREWELL DR NW ATTN TAX, GRAND RAPIDS, MI 49503

Signing Officer

Name
Matthew E Cox
Title
CFO
Phone
8669897999
Signed
2025-11-14
Raw XML Appendix122 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS4562/ThresholdCostOfSect179PropAmt03050000
IRS4562/TotalDepreciationAmt013099
IRS990T/AddressChangeInd0X
IRS990T/BackupWithholdingAmt01153
IRS990T/BooksInCareOfDetail/PersonNm0CORPORATE TAX
IRS990T/BooksInCareOfDetail/PhoneNum08669897999
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 COREWELL DR NW ATTN TAX
IRS990T/BooksInCareOfDetail/USAddress/CityNm0GRAND RAPIDS
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd049503
IRS990T/BookValueAssetsEOYAmt075942217
IRS990T/CharitableContributionsDedAmt01348
IRS990T/ExtsnRequestIncomeTaxPaidAmt01000
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
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IRS990T/GroupExemptionNum05981
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/OtherTaxesAmt00
IRS990T/OverpaymentSection/AppliedToESTaxAmt0605
IRS990T/OverpaymentSection/OverpaymentAmt0605
IRS990T/OverpaymentSection/RefundAmt00
IRS990T/PaidTaxLiabilityAmt00
IRS990T/ParentCorporationEIN0383382353
IRS990T/ParentCorporationName/BusinessNameLine1Txt0COREWELL HEALTH
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt0261181
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0620000
IRS990T/PriorYearOverpaymentCreditAmt01000
IRS990T/PrntCorporationNameControlTxt0CORE
IRS990TScheduleA/DepreciationNetAmt013099
IRS990TScheduleA/EmployeeBenefitProgramAmt026095
IRS990TScheduleA/GrossProfitAmt0399444
IRS990TScheduleA/GrossReceiptsOrSalesAmt0399444
IRS990TScheduleA/NetGrossReceiptsOrSalesAmt0399444
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/NetOperatingLossDeductionAmt10
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IRS990TScheduleA/TotalAllocableDeductionsAmt00
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IRS990TScheduleA/TotalCtrlOrgDeductionAmt00
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IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt10
IRS990TScheduleA/TotalDeductionsAmt0468525
IRS990TScheduleA/TotalDeductionsAmt10
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDeductionSetAsidesAmt10
IRS990TScheduleA/TotalDepreciationAmt013099
IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDirectAdvertisingCostAmt10
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt10
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt10
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt10
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalInvestmentIncomeAmt10
IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt014479
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentDeductionsAmt10
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalRentIncomeAmt10
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt10
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt10
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0399444
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt114479
IRS990TScheduleA/TotUnrltTrdBusIncmAmt0399444
IRS990TScheduleA/TotUnrltTrdBusIncmAmt114479
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt10
IRS990TScheduleA/TradeOrBusinessDesc0REFERENCE LABORATORY
IRS990TScheduleA/TradeOrBusinessDesc1INVESTMENT ACTIVITIES
IRS990TScheduleA/UBIBeforeNOLDedAmt0-69081
IRS990TScheduleA/UBIBeforeNOLDedAmt114479
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-69081
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt114479
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd01
IRS990T/TaxableCorporationAmt02548
IRS990T/TaxLessCreditsAmt02548
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt03153
IRS990T/TotalTaxAmt02548
IRS990T/TotalTaxComputationAmt02548
IRS990T/TotalUBTIAmt012131
IRS990T/TotalUBTIBeforeNOLSpecificAmt013131
IRS990T/TotalUBTIBeforeSection199AAmt013131
IRS990T/TotalUBTIComputedAmt014479
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW E COX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08669897999
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PENNOCK HOSPITAL
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0381360562
ReturnHeader/Filer/PhoneNum08669897999
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 COREWELL DR NW ATTN TAX
ReturnHeader/Filer/USAddress/CityNm0GRAND RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-11-14T08:57:29-06:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $100M-$250M nonprofits