CareSource Ohio Inc

EIN: 311143265 501(c)(3) Health Care

Dayton, OH

Total Revenue
$8,525,679,969
Total Expenses
$7,984,656,203
Total Assets
$2,226,959,848
Net Assets
$819,752,512
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
Stephen Ringel
Phone
9372243300
Tax Period
2023-01-01 to 2023-12-31

CareSource Ohio Inc, founded in 1985, is a large national nonprofit in the Health Care sector that reported $8.5B in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $8.0B left a modest 6% surplus.

Mission

To make a lasting difference in our members' lives by improving their health and well-being. CareSource Ohio Inc. is a nonprofit HIC licensed by the state of Ohio.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,448,834,545
Investment Income $76,845,424
Other Revenue $0
TOTAL REVENUE $8,525,679,969

Expense Breakdown

Grants Paid $2,508,586
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,758,164,641
Other Expenses $7,982,147,617
TOTAL EXPENSES $7,984,656,203

Year-over-Year Comparison

2023 2022 Change
Revenue $8,525,679,969 $10,064,129,024 -0.2%
Expenses $7,984,656,203 $9,417,228,730 -0.2%
Net Income $541,023,766 $646,900,294 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$24,141,012
Total Directors
6
$25,058,118
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erhardt Preitauer CEO (To 4/23) then Chair/Dir 8.0
Officer Director
$0 $4,047,739 $12,030,121
Richard Topping Secretary/Director (Eff 5/23) 8.0
Officer Director
$0 $942,437 $3,371,871
Lawrence Smart CFO, Treasurer/Dir (Eff 5/23) 8.0
Officer Director
$0 $712,492 $2,994,866
Scott Markovich Director (To 4/23) 8.0
Director
$0 $861,652 $2,908,164
Stephen Ringel President, Director (To 4/23) 59.0
Officer Director
$0 $634,140 $2,330,269
Jai Pillai Chief Operating Ofr (To 4/23) 8.0
Officer
$0 $15,770 $1,991,058
Stephanie Williams Dir (To 4/23) then Asst. Treas 10.0
Officer Director
$0 $548,452 $1,422,827
Daniel McCabe Former Chief Admin Officer 0.0
$0 $0 $140,542
William Coffin Jr Former VP Mkt Finance/Director 0.0
$0 $0 $24,304
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $8,525,679,969 $7,984,656,203 $2,226,959,848 $541,023,766
2022 $10,064,129,024 $9,417,228,730 $2,667,085,761 $646,900,294
2021 $9,756,197,809 $9,704,199,278 $2,609,873,144 $51,998,531
2020 $9,272,879,618 $9,110,417,960 $2,518,378,621 $162,461,658
2019 $8,150,209,969 $8,095,046,353 $1,989,749,142 $55,163,616
2018 $7,819,337,654 $7,743,280,827 $1,807,957,209 $76,056,827
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