A drain-back check valve assembly includes a body having a passageway with an inlet and an outlet. A bypass port extends from the passageway to an outer surface of the valve body. A main poppet valve assembly is disposed in the passageway and moveable between a closed position which prevents fluid flow from the outlet to the inlet and an open position which allows fluid flow from the inlet to the outlet. The main poppet valve assembly includes a poppet and a spool guide fixed to the poppet. The guide has a sidewall which includes a drain-back port. When the main poppet valve assembly is in the closed position, the drain-back port is aligned with the bypass port. When the main poppet valve assembly is in the opened position, the drain-back port is not aligned with the bypass port.