Nonprofit · EIN 31-1703368
CARESOURCE
Tax-exempt · DAYTON, OH 45402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,514,731,827 | $1,272,933,992 | $241,797,835 | $2,781,857,674 | $488,225,775 | $2,293,631,899 |
| December 31, 2023 | 990 | $2,546,732,879 | $1,380,461,409 | $1,166,271,470 | $3,545,839,148 | $616,515,104 | $2,929,324,044 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $368,472
- of which government grants
- $368,472
- Program service revenue
- $1,377,214,326
- Investment income
- $136,541,643
- Net rental income
- $607,386
- Net gain from sales of assets
- $44,431,079
- Other revenue
- $607,386
Expenses
- Grants and similar amounts paid
- $7,860,294
- Compensation of officers, directors and key employees
- $40,422,503
- Other salaries and wages
- $528,383,087
- Salaries, compensation and benefits (total)
- $717,339,627
- Professional fundraising fees
- $0
- Legal fees
- $6,286,993
- Accounting fees
- $929,048
- Occupancy
- $9,327,295
- Travel
- $6,580,771
- Depreciation
- $51,658,595
- Program services (functional)
- $1,272,933,992
Balance sheet and other
- Total assets, start of year
- $3,545,839,148
- Total assets, end of year
- $2,781,857,674
- Total liabilities, end of year
- $488,225,775
- Net assets, end of year
- $2,293,631,899
- Land, buildings and equipment
- $149,113,025
- Publicly traded securities
- $1,608,559,406
- Net assets without donor restrictions
- $2,293,631,899
- Gross unrelated business income
- $48,268,631
- Gross receipts
- $1,518,826,170
- Employees
- 5,288
- Volunteers
- 0
- Year formed
- 1999
- 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 | Other / benefits |
|---|---|---|---|---|
| Erhardt Preitauer | President & CEO, Director Trustee or director, Officer | 15 | $6,076,721 | $6,124,441 |
| Richard Topping | Secretary (to 5/31) Officer | 15 | $2,659,280 | $831,276 |
| Lawrence Smart | CFO, Treasurer Officer | 15 | $1,657,234 | $1,813,852 |
| Scott Markovich | EVP Markets & Products Key employee | 15 | $1,702,416 | $1,659,260 |
| Sanjoy Musunuri | EVP Strategy & Bus Dev Key employee | 15 | $1,641,628 | $1,658,961 |
| David Williams | EVP & Chief Medical Ofr Key employee | 15 | $1,571,414 | $1,603,254 |
| Devon Valencia | Chief Information Officer Key employee | 45 | $1,422,480 | $1,565,235 |
| Jennifer Dougherty | Chief HR Officer Key employee | 45 | $1,449,812 | $1,392,831 |
| Edward Stubbers | Secretary (Eff 6/1) Officer | 15 | $1,060,829 | $1,137,246 |
| Isaac Davidi | SVP Operations Highest-paid employee | 15 | $1,018,165 | $984,983 |
| Fred Schulz | Chief Operating Officer Key employee | 15 | $821,498 | $1,154,150 |
| Stephen Ringel | President Market Highest-paid employee | 1 | $1,163,559 | $440,637 |
| Steve Smitherman | President Market Highest-paid employee | 1 | $1,029,377 | $431,714 |
| Taira Kelley | SVP Growth (to 7/12) Highest-paid employee | 15 | $1,368,593 | $23,750 |
| Jenny Michael | SVP Advocacy (to 4/1) Highest-paid employee | 15 | $1,113,036 | $83,685 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anthony Principi | Chairman Trustee or director | 10 | $280,000 |
| Jai Pillai | Former Chief Operating Ofr Former | 0 | $244,761 |
| Edward Thomas Brodmerkel | Vice Chairman Trustee or director | 8 | $210,000 |
| David Miller | Director Trustee or director | 8 | $170,000 |
| Craig Brown | Director Trustee or director | 8 | $160,000 |
| Thomas Edwards | Director Trustee or director | 8 | $160,000 |
| Thomas Kelly | Director Trustee or director | 8 | $160,000 |
| Linda Willett | Director Trustee or director | 8 | $150,000 |
| Anthony Winns | Director Trustee or director | 8 | $150,000 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Erhardt Preitauer | President & CEO, Director Trustee or director, Officer | 15 | $7,982,382 | $4,047,739 |
| Richard Topping | Secretary Officer | 15 | $2,429,434 | $942,437 |
| Sanjoy Musunuri | EVP Strategy & Business Dev Key employee | 15 | $2,161,186 | $862,246 |
| Lawrence Smart | CFO, Treasurer Officer | 15 | $2,282,374 | $712,492 |
| Devon Valencia | Chief Information Officer Key employee | 45 | $2,161,779 | $807,353 |
| Scott Markovich | EVP Markets & Products Key employee | 15 | $2,046,512 | $861,652 |
| Jennifer Dougherty | Chief Human Resources Officer Key employee | 45 | $1,846,632 | $768,728 |
| David Williams | EVP & Chief Medical Officer Key employee | 15 | $1,769,714 | $818,257 |
| Stephen Ringel | President Market Highest-paid employee | 1 | $1,696,129 | $634,140 |
| Isaac Davidi | SVP Operations Highest-paid employee | 15 | $1,453,138 | $569,748 |
| Jai Pillai | Chief Operating Ofr (To 4/23) Officer | 15 | $1,975,288 | $15,770 |
| Steve Smitherman | President Market Highest-paid employee | 1 | $1,087,503 | $550,961 |
| Jason Bearden | President Market Highest-paid employee | 1 | $1,056,350 | $554,625 |
| Robert Losier | SVP IT Infra & Ops (To 3/23) Highest-paid employee | 45 | $1,075,870 | $11,242 |
| Anthony Principi | Chairman Trustee or director | 10 | $280,000 | $0 |
| Edward Thomas Brodmerkel | Vice Chairman Trustee or director | 8 | $210,000 | $0 |
| Craig Brown | Director Trustee or director | 8 | $180,000 | $0 |
| Patricia Martin | Director Trustee or director | 8 | $165,000 | $0 |
| Thomas Kelly | Director Trustee or director | 8 | $160,000 | $0 |
| Anthony Winns | Director Trustee or director | 8 | $150,000 | $0 |
| David Miller | Director Trustee or director | 8 | $150,000 | $0 |
| Linda Willet | Director Trustee or director | 8 | $150,000 | $0 |
| Thomas Edwards | Director Trustee or director | 8 | $150,000 | $0 |
| Daniel McCabe | Former Chief Admin Officer Former | 0 | $140,542 | $0 |
Address and contacts
- Address (IRS master file)
- 230 N MAIN ST, DAYTON, OH 45402-1263
- In care of
- % JANET FERNANDES
- Principal officer (990 for 2024)
- Erhardt Preitauer, Same as C above, Dayton, OH 45401
- Signed the 990
- Lawrence Smart, CFO
- Phone
- (937) 224-3300
- Return prepared by
- RSM US LLP
Mission
CareSource ("the Company") is a nonprofit organization operating in Ohio. The Company was formed as a supporting organization, to act for the benefit of, and to carry out, the exempt purposes of its nonprofit, tax-exempt affiliates. (Continued on Schedule O)
Program accomplishments
- CareSource, as a supporting organization under Section 509(a)(3) of the Internal Revenue Code, provides strategic oversight to its supported organizations, CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co, CareSource Georgia Co, CareSource West Virginia Co, and CareSource Life Services Co (The "CareSource Public Charities"). These supported organizations are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. CareSource has been headquartered in Dayton, Ohio since its founding. (Continued on Schedule O)CareSource's supported organizations in various states offer health insurance, including Medicaid, Health Insurance Marketplace, and Medicare products, administering one of the largest Medicaid managed care plans in the U.S. As a mission-driven organization, CareSource is transforming health care with innovative programs, providing access to health care to nearly 2,000,000 individuals with complex medical needs, through its supported organizations.Programs: At CareSource, we know that social determinants of health are key drivers of health care access, utilization, and outcomes. As such, social determinants of health require full integration into the treatment of Members' physical health. What sets us apart from traditional managed care is our record of accomplishments and results in integrating these non-clinical aspects into every interaction we have with our Members. The CareSource mission is to make a lasting difference in Members' lives by improving their health and well-being. This has catalyzed our commitment to develop programs that target our Members' social needs - nutrition, transportation, housing, jobs, social connectedness, communication, access, and more.We shape our benefits to integrate social and economic solutions seamlessly into our Members' care to have maximum impact on their social support, stability, health, and wellness. CareSource Life Services is the umbrella framework through which we address social determinants of health including hunger, housing, social stability, workforce development, and health equity. The CareSource JobConnect program addresses the education and employment barriers that many of our Members face and that impede their path to self-sufficiency. CareSource JobConnect is widely recognized within the managed care industry for reducing dependence on governmental services by providing Members with life coaching, access to community-based resources, and support setting and reaching their professional and educational goals.The CareSource Family of Companies believes that it can improve the health of its Members through educational initiatives. Education empowers Members to take on greater personal responsibility for their own health and the health of their family by encouraging healthy decisions and preventative care. For example, The CareSource Life Services program prepares a personalized wellness plan for each of its Members. Moreover, Members who are pregnant or have a child under the age of one can sign-up for a specifically designed program to receive three text messages per week that provide advice on proper preventative care. Other educational efforts include a childhood obesity management program for children between the ages of 5 and 17 years old.The CareSource Family of Companies provides enhanced benefits to Members that are above and beyond required benefits defined by state or federal agencies. In order to ensure Members are able to access the most appropriate medical care, The CareSource Family of Companies provides transportation services for office visits to their medical provider's office, ensuring that Members are keeping preventive, sick, or follow-up appointments. Further showing The CareSource Family of Companies' dedication to ensuring that our most vulnerable Members receive needed care, The CareSource Family of Comapnies does not charge Medicaid Members a copayment for pharmacy products, dental visits, vision examinations, vision hardware or non-emergent emergency department visits, even though regulations allow for such copays. The CareSource Family of Companies is dedicated to motivating its pregnant Members to seek prenatal and postpartum care by participating in the Babies First Member Incentive Program. Moms-to-be can receive reward cards for attending regular OB/GYN appointments while pregnant and for also attending appropriate follow-up visits after giving birth. The CareSource Family of Companies also provides its Members with free access to a hotline staffed by registered nurses, 24 hours a day, seven days a week. Over the phone, nurses review a Member's symptoms, offer guidance on when to seek medical care, explain any recently diagnosed conditions, provide education on over-the-counter medications, and help Members prepare a list of questions prior to meeting with a physician. All of these programs are provided to Members free of charge in furtherance of The CareSource Family of Companies' charitable purposes, which include providing relief of the poor and distressed, advancing education, promoting health for the benefit of the community, and lessening the burdens of government. Together, these enhanced benefits provide Members additional program benefits in order to make a lasting difference in Members' lives by improving their health and well-being.Expenses $1,272,933,992 · grants $7,860,294 · revenue $1,377,214,326
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
- 31-1703368
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $2,781,857,674
- Income (IRS master file)
- $1,518,826,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,514,731,827 | $1,272,933,992 | $2,781,857,674 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,546,732,879 | $1,380,461,409 | $3,545,839,148 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $360,633,144 | $28,890,756 | $1,013,140,667 | IRS |
| 990-T | December 2022 | – | – | – | 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 31-1703368).
Questions about CARESOURCE
- What is the EIN of CARESOURCE?
- The employer identification number (EIN) of CARESOURCE is 31-1703368.
- Is CARESOURCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CARESOURCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CARESOURCE 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 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 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?
- The 990 for the year ended December 31, 2024 names Erhardt Preitauer.
- Who are the officers and directors of CARESOURCE?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $6,076,721 (Erhardt Preitauer, President & CEO, Director).
- How much revenue does CARESOURCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,514,731,827, expenses of $1,272,933,992 and total assets of $2,781,857,674 at year end.
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- ELDERSERVE HEALTH INC EIN 80-0517818 · last filed 990 for 2024
- DAYTON CHILDRENS HOSPITAL EIN 31-0672132 · last filed 990 for 2025
- HEARTLAND HEALTH & WELLNESS FUND EIN 31-6041107 · last filed 990 for 2024
- COMMUNITY BLOOD CENTER EIN 31-0684163 · last filed 990 for 2024
- ATRIUM MEDICAL CENTER EIN 31-1079309 · last filed 990 for 2024
- UPPER VALLEY MEDICAL CENTER EIN 31-0537095 · last filed 990 for 2024