CareSource Georgia Co (EIN 472408339) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

Jason Bearden

Phone

9372243300

Tax Period

2023-01-01 to 2023-12-31

CareSource Georgia Co, founded in 2014, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2023. Expenses of $1.5B left a modest 8% surplus.

Mission

To make a lasting difference in our members' lives by improving their health and well-being. CareSource Georgia Co. is a nonprofit HMO licensed by the State of Georgia.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,593,070,521

Investment Income $15,463,008

Other Revenue $0

TOTAL REVENUE $1,608,533,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,300,270,945

Other Expenses $1,481,484,216

TOTAL EXPENSES $1,481,484,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,608,533,529	$1,556,961,903	+0.0%
Expenses	$1,481,484,216	$1,474,705,609	+0.0%
Net Income	$127,049,313	$82,256,294	+0.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$23,421,718

Total Directors

$19,545,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erhardt Preitauer	Pres/CEO to 4/23 then Chr/Dir	8.0	Officer Director	$0	$4,047,739	$12,030,121
Richard Topping	Secretary (Eff 5/23)	8.0	Officer	$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
Jai Pillai	Chief Operating Ofr (To 4/23)	8.0	Officer	$0	$15,770	$1,991,058
Jason Bearden	Dir (To 4/23), Pres (Eff 5/23)	30.0	Officer Director	$0	$554,625	$1,610,975
Stephanie Williams	Asst. Treasurer (Eff 5/23)	10.0	Officer	$0	$548,452	$1,422,827
Daniel McCabe	Former Chief Admin Officer	0.0		$0	$0	$140,542
Veda Johnson	Director	1.0	Director	$0	$0	$1,000

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	$1,608,533,529	$1,481,484,216	$549,096,937	$127,049,313
2022	$1,556,961,903	$1,474,705,609	$511,891,671	$82,256,294
2021	$1,262,865,202	$1,290,062,002	$449,914,093	$-27,196,800
2020	$883,059,517	$872,730,991	$325,866,124	$10,328,526
2019	$694,010,496	$684,513,338	$171,704,099	$9,497,158
2018	$669,379,273	$690,031,269	$131,660,034	$-20,651,996

CareSource Georgia Co