Nonprofit · EIN 46-4991603
CARESOURCE KENTUCKY CO
Tax-exempt · FRANKFORT, KY 40601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $172,763,439 | $205,650,930 | -$32,887,491 | $56,338,207 | $60,522,926 | -$4,184,719 |
| December 31, 2023 | 990 | $188,297,102 | $184,767,394 | $3,529,708 | $63,052,991 | $34,344,699 | $28,708,292 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $170,969,765
- Investment income
- $1,793,674
- Net gain from sales of assets
- $34
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $57,056
- Accounting fees
- $80,201
- Occupancy
- $199,905
- Travel
- $83,160
- Program services (functional)
- $183,854,450
- Management and general (functional)
- $21,796,480
Balance sheet and other
- Total assets, start of year
- $63,052,991
- Total assets, end of year
- $56,338,207
- Total liabilities, end of year
- $60,522,926
- Net assets, end of year
- -$4,184,719
- Publicly traded securities
- $16,030,122
- Net assets without donor restrictions
- -$4,184,719
- Gross receipts
- $389,995,179
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- KY
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 | Asst Treasurer Officer | 10 | $0 | $936,707 | $1,020,408 |
| Michael Taylor | President Officer | 30 | $0 | $789,227 | $283,369 |
| 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 | Pres/CEO to 4/23 then Chr/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 |
| 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 |
| Michael Taylor | Dir (To 4/23), Pres (Eff 5/23) Trustee or director, Officer | 30 | $0 | $893,712 | $392,563 |
| 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)
- 101 ENTERPRISE DR, FRANKFORT, KY 40601-8585
- In care of
- % JANET FERNANDES
- Principal officer (990 for 2024)
- Michael Taylor, 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 Kentucky Co.'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 Kentucky Co. is a health maintenance organization licensed by the state of Kentucky and serves members through marketplace plans.
Program accomplishments
- CareSource Kentucky Co. ("CSKY") is a nonprofit organization established under the Commonwealth of Kentucky. CSKY was granted a Certificate of Authority by the Kentucky Department of Insurance ("KDOI"), allowing it to operate as a Health Maintenance Organization ("HMO"). On July 7, 2016, CSKY received a determination letter from the Internal Revenue Service, recognizing CSKY as an organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, effective as of the date of CSKY's formation. CSKY 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, CSKY 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. CSKY is accredited through the National Committee for Quality Assurance ("NCQA") for its Qualified Health Plan ("QHP"). Accreditation is the most comprehensive evaluation in the industry and the only assessment that bases results on clinical performance and consumer experience. CSKY Marketplace plans are available in 73 counties in Kentucky. There are no lifetime maximums for most benefits, no medical review for enrollment, and CSKY covers an extensive list of prescription drugs. Members enrolled in our Kentucky 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) Hospitalization, (4) Pregnancy, maternity and newborn care (both before and after birth), (5) Breastfeeding coverage, (6) Mental health and substance use disorder services, including behavioral health treatment (this includes counseling and psychotherapy), (7) Prescription drugs, (8) Rehabilitative and habilitative services and devices, (9) Laboratory services, (10) Preventive and wellness services and chronic disease management, (11) Pediatric services, and(12) Birth control coverage. CSKY focuses on prevention with a goal of improving Member health, the quality of health care services received, and accessibility of health care services for its Members. This is done through an innovative health and wellness methodology. CSKY has built a high-performing provider network to operate as an HMO. This provider network relies heavily upon Federally Qualified Health Centers ("FQHCs"). FQHCs are generally health care providers that have been recognized by the federal government as providing care to populations that have limited access to medical treatment due to conditions such as poverty and geographic location. CSKY's Qualified Health Plan on the Health Insurance Marketplace primarily serves low-income individuals and was designed for those low-income adults who are recently uninsured or have never been insured. The plan is affordable, with a majority of Members qualifying for subsidies to lower their monthly premiums or out-of-pocket costs. Members have the choice of buying plans with only the essential health benefits, or ones that also include adult dental, vision, and fitness supplemental benefits. Members can receive assistance through CSKY's many programs designed to remove barriers to health and well-being, and in addition, case management services are available to all Members who are at risk for substance use disorder. CSKY can, therefore, further its mission as a means of improving the health and well-being of Kentucky's low-income populations.Expenses $183,854,450 · revenue $170,969,765
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
- 46-4991603
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E21)
- Assets (IRS master file)
- $56,338,207
- Income (IRS master file)
- $389,995,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $172,763,439 | $205,650,930 | $56,338,207 | XML |
| 990 | December 2023 | $188,297,102 | $184,767,394 | $63,052,991 | XML |
| 990 | December 2022 | $233,440,176 | $237,898,173 | $65,144,241 | 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 46-4991603).
Questions about CARESOURCE KENTUCKY CO
- What is the EIN of CARESOURCE KENTUCKY CO?
- The employer identification number (EIN) of CARESOURCE KENTUCKY CO is 46-4991603.
- Is CARESOURCE KENTUCKY CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CARESOURCE KENTUCKY CO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARESOURCE KENTUCKY CO 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 KENTUCKY CO 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 KENTUCKY CO 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 KENTUCKY CO?
- The 990 for the year ended December 31, 2024 names Michael Taylor.
- Who are the officers and directors of CARESOURCE KENTUCKY CO?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does CARESOURCE KENTUCKY CO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $172,763,439, expenses of $205,650,930 and total assets of $56,338,207 at year end.
Other nonprofits in FRANKFORT
- KENTUCKY PRIMARY CARE ASSOCIATION INC EIN 31-0900381 · last filed 990 for 2025
- KENTUCKY HEALTH DEPARTMENTS ASSOCIATION INC EIN 31-1535010 · last filed 990 for 2025
- KENTUCKY PARTNERSHIP FOR FAMILIES AND CHILDREN EIN 61-1377268 · last filed 990 for 2024
- AVENUES FOR WOMEN INC EIN 20-5948922 · last filed 990 for 2025
- KENTUCKY RURAL HEALTH COLLABORATIVE INC EIN 85-1600980 · last filed 990-N for 2023
- KENTUCKY PUBLIC HEALTH ASSOCIATION INC EIN 61-0721147 · last filed 990 for 2025
- MISSION FRANKFORT CLINIC INC EIN 41-2199345 · last filed 990-EZ for 2024
- KENTUCKY PUBLIC HEALTH INSTITUTE EIN 46-4340958 · last filed 990-EZ for 2025