Nonprofit · EIN 31-1143265
CARESOURCE OHIO INC
Tax-exempt · DAYTON, OH 45401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,559,845,484 | $8,462,329,539 | $97,515,945 | $2,248,954,422 | $1,402,066,398 | $846,888,024 |
| December 31, 2023 | 990 | $8,525,679,969 | $7,984,656,203 | $541,023,766 | $2,226,959,848 | $1,407,207,336 | $819,752,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,501,413,223
- Investment income
- $58,432,261
- Net gain from sales of assets
- -$85,211
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,080,681
- Accounting fees
- $1,127,789
- Occupancy
- $11,519,056
- Travel
- $3,606,593
- Program services (functional)
- $7,299,118,538
- Management and general (functional)
- $1,163,211,001
Balance sheet and other
- Total assets, start of year
- $2,226,959,848
- Total assets, end of year
- $2,248,954,422
- Total liabilities, end of year
- $1,402,066,398
- Net assets, end of year
- $846,888,024
- Publicly traded securities
- $1,037,035,071
- Net assets without donor restrictions
- $846,888,024
- Gross receipts
- $15,396,375,429
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erhardt Preitauer | Chair/Director Trustee or director, Officer | 8 | $0 | $6,076,721 | $6,124,441 |
| Richard Topping | Secretary/Director (To 5/31) Trustee or director, Officer | 8 | $0 | $2,659,280 | $831,276 |
| Lawrence Smart | CFO, Treasurer/Director Trustee or director, Officer | 8 | $0 | $1,657,234 | $1,813,852 |
| Edward Stubbers | Secretary/Director (Eff 6/1) Trustee or director, Officer | 8 | $0 | $1,060,829 | $1,137,246 |
| Stephanie Williams | Assistant Treasurer Officer | 10 | $0 | $936,707 | $1,020,408 |
| Stephen Ringel | President Officer | 59 | $0 | $1,163,559 | $440,637 |
| Jai Pillai | Former Chief Operating Ofr Former | 0 | $0 | $244,761 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Erhardt Preitauer | CEO (To 4/23) then Chair/Dir Trustee or director, Officer | 8 | $0 | $7,982,382 | $4,047,739 |
| Richard Topping | Secretary/Director (Eff 5/23) Trustee or director, Officer | 8 | $0 | $2,429,434 | $942,437 |
| Lawrence Smart | CFO, Treasurer/Dir (Eff 5/23) Trustee or director, Officer | 8 | $0 | $2,282,374 | $712,492 |
| Scott Markovich | Director (To 4/23) Trustee or director | 8 | $0 | $2,046,512 | $861,652 |
| Stephen Ringel | President, Director (To 4/23) Trustee or director, Officer | 59 | $0 | $1,696,129 | $634,140 |
| Jai Pillai | Chief Operating Ofr (To 4/23) Officer | 8 | $0 | $1,975,288 | $15,770 |
| Stephanie Williams | Dir (To 4/23) then Asst. Treas Trustee or director, Officer | 10 | $0 | $874,375 | $548,452 |
| Daniel McCabe | Former Chief Admin Officer Former | 0 | $0 | $140,542 | $0 |
| William Coffin Jr | Former VP Mkt Finance/Director Former | 0 | $0 | $24,304 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8738, DAYTON, OH 45401-8738
- In care of
- % JANET FERNANDES
- Principal officer (990 for 2024)
- Stephen Ringel, Same as C above, Dayton, OH 454018738
- Signed the 990
- Lawrence Smart, CFO
- Phone
- (937) 224-3300
- Website
- www.caresource.com
- Return prepared by
- RSM US LLP
Mission
CareSource Ohio, Inc.'s mission is to make a lasting difference in our members' lives by improving their health and well-being. The organization's vision is to transform lives through innovative health and life services. (Continued on Schedule O)CareSource Ohio, Inc. is a health insuring corporation licensed by the state of Ohio and serves members through Dual Eligible Special Needs, Marketplace, Medicaid, Medicare Advantage, and MyCare Ohio plans.
Program accomplishments
- CareSource Ohio, Inc. ("CSOH"), is a nonprofit organization established under the state law of Ohio. CSOH is a member of the CareSource group of nonprofit tax-exempt organizations (the "CareSource Public Charities"). (Continued on Schedule O)The sole member of the CareSource Public Charities is CareSource, an Ohio nonprofit corporation that is tax-exempt under section 501(c)(3) of the Internal Revenue Code of 1986 (the "Code"). The CareSource Public Charities' primary activity for the last three decades has been to provide nonprofit Medicaid, Medicare, and Marketplace health maintenance organization ("HMO") services. As a mission-driven organization, CSOH follows the guidance of the CareSource Public Charities and is focused on transforming health care with innovative programs that address the social determinants of health, health equity, prevention and access to care. CSOH serves nearly 1.2 million Members in Ohio. CSOH'S membership includes: (1) Medicaid consumers, including families with low income, children, pregnant women, adoption and children in foster care, those who are aged, blind or disabled, (2) Medicaid consumers who are eligible for Home and Community Based services through execution of an annual Provider Agreement with the Ohio Department of Medicaid ("ODM"), (3) Dually eligible consumers for Medicare and Medicaid through Ohio's Dual Demonstration program, MyCare, (4) Medicare Advantage consumers, and (5) a Qualified Health Plan offered through the Federal Health Insurance Marketplace, providing low-cost comprehensive coverage for individuals and families. Medicaid: Our Members get all medically-necessary, Medicaid-covered services at no cost. Examples include preventive check-ups, inpatient and outpatient hospital services, and dental care. Members enrolled in our Ohio Medicaid plans have access to the following services: (1) Rewards programs, (2) One-on-one coaching for up to 24 months with a certified Life Coach, (3) Telehealth to talk to a doctor 24/7/365 using a smartphone or computer,(4) Large provider network for easy access to care,(5) Transportation to and from appointments, food pantries, pharmacies, WIC offices and County Department of Job and Family Services (CDJFS) appointments, (6) Vision and dental care, including checkups and teeth cleanings. Members can also get an allowance for a large selection of eyeglasses and an allowance for contact lenses and fitting, (7) Behavioral health resources that support the health of mind, body and spirit,(8) A team of nurses who can answer health questions 24/7/365, (9) Disease management programs, (10) Local care managers to coordinate health care needs and help connect members to community resources such as utility assistance, housing and food banks, and(11) CareSource mobile app for access to member ID card, "how-to" videos and a quick search for doctors. MyCare Ohio: Plans contract with both Medicare and Ohio Medicaid to provide benefits of both programs to its Members in 12 Ohio counties. To improve the way Medicare and Ohio Medicaid benefits work together, Members must enroll in a MyCare Ohio plan. The plan is for people with disabilities, older adults and individuals who need behavioral health services. CareSource Marketplace: Marketplace plans are available in 86 counties in Ohio. CSOH's Marketplace-qualified Vision and Fitness plans cover more than the essential health benefits. They offer adult vision through EyeMed, and a fitness program. There are no lifetime maximums for most benefits, no medical review for enrollment, and we cover an extensive list of prescription drugs. Members enrolled in our Ohio Marketplace plans have access to the following services: (1) $0 copay telehealth office visits via Teladoc with 24/7 access to U.S.-licensed physicians, (2) Ambulatory patient services (outpatient care), (3) Emergency services,(4) Hospitalization, (5) Pregnancy, maternity and newborn care (both before and after birth), (6) Breastfeeding coverage,(7) Mental health and substance use disorder services, including behavioral health treatment (this includes counseling and psychotherapy), (8) Prescription drugs,(9) Rehabilitative and habilitative services and devices, (10) Laboratory services,(11) Preventive and wellness services and chronic disease management, (12) Pediatric services, including dental and vision care, and (13) Birth control coverage. CareSource Dual Advantage: This is a $0 premium plan that combines the benefits of Medicare and Medicaid into one convenient plan and offers more benefits not covered by either Medicare or Medicaid alone. Members enrolled in our Ohio Dual Advantage plans have access to the following services: (1) $6,000 annual limit for preventive and comprehensive dental care through DentaQuest, (2) $1,000 Flex annual allowance to use toward dental, hearing, and vision, (3) Unlimited transportation to health-related appointments including gym, pharmacy, and grocery, (4) $150 monthly allowances for over-the-counter (OTC) items and healthy food at participating retailers, (5) Two meals per day for 14 days after observation or inpatient stay, (6) TruHearing Advanced Level hearing aids, one per ear every three years, (7) Silver&Fit gym membership, home fitness kit, digital workouts, and online resources, (8) Routine vision exam, $450 annual allowance for glasses and/or contacts through EyeMed, (9) BrainHQ online brain health improvement tool, (10) Personal Emergency Response System (PERS) that connects the member to 24-hour help with the push of a button, and (11) 60 hours per year for companion care services. 2024 Highlights We are committed to working every day alongside providers and community partners to make a difference in the lives of our Members as well as communities across the state. One of the handful of ways CSOH supported the whole health of Ohioans in 2024 was through the Outcomes Acceleration for Kids ("OAK") Initiative.OAK is a new program, used as an illustration that Medicaid-managed care is shifting its focus to positive health outcomes instead of the business of care. It was introduced as an innovative program, a partnership among children's hospitals, Medicaid-managed care plans, and the Ohio Department of Medicaid. OAK is a rapid-cycle improvement project, which improves coordination of communication between evolvements in the clinical setting and Medicaid-managed care. It focuses on well care instead of sick care, follow-up care for families after leaving the emergency department, and access to life-saving care for children with sickle cell disease. CSOH invested over $1,125,000 in 2024 under this program.Expenses $7,299,118,538 · revenue $8,501,413,223
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1143265
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E31Z)
- Assets (IRS master file)
- $2,248,954,422
- Income (IRS master file)
- $15,396,375,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,559,845,484 | $8,462,329,539 | $2,248,954,422 | XML |
| 990 | December 2023 | $8,525,679,969 | $7,984,656,203 | $2,226,959,848 | XML |
| 990 | December 2022 | $10,064,129,024 | $9,417,228,730 | $2,667,085,761 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1143265).
Questions about CARESOURCE OHIO INC
- What is the EIN of CARESOURCE OHIO INC?
- The employer identification number (EIN) of CARESOURCE OHIO INC is 31-1143265.
- Is CARESOURCE OHIO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to CARESOURCE OHIO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARESOURCE OHIO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARESOURCE OHIO INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARESOURCE OHIO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARESOURCE OHIO INC?
- The 990 for the year ended December 31, 2024 names Stephen Ringel.
- Who are the officers and directors of CARESOURCE OHIO INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does CARESOURCE OHIO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,559,845,484, expenses of $8,462,329,539 and total assets of $2,248,954,422 at year end.
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