CareSource West Virginia Co

EIN: 473028244 501(c)(3) Health Care

Dayton, OH

Total Revenue
$103,332,039
Total Expenses
$96,431,596
Total Assets
$68,624,913
Net Assets
$11,497,534
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WV
Principal Officer
Michael Taylor
Phone
9372243300
Tax Period
2023-01-01 to 2023-12-31

CareSource West Virginia Co, founded in 2015, is a major nonprofit in the Health Care sector that reported $103.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $96.4M left a modest 7% surplus.

Mission

To Make a Lasting Difference in our mem- bers' lives by improving their health and well-being. CareSource West Virginia Co is a nonprofit HMO licensed by the State of West Virginia.

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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 $100,579,220
Investment Income $2,752,819
Other Revenue $0
TOTAL REVENUE $103,332,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,164,376
Other Expenses $96,431,596
TOTAL EXPENSES $96,431,596

Year-over-Year Comparison

2023 2022 Change
Revenue $103,332,039 $82,246,044 +0.3%
Expenses $96,431,596 $80,534,117 +0.2%
Net Income $6,900,443 $1,711,927 +3.0%
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

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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
$23,097,018
Total Directors
6
$24,014,124
Key Employees
0
$0
Highest Compensated
0
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/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 5/23) 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
Stephanie Williams Dir (To 4/23) then Asst Treas 10.0
Officer Director
$0 $548,452 $1,422,827
Michael Taylor Dir (To 4/23), Pres (Eff 5/23) 30.0
Officer Director
$0 $392,563 $1,286,275
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 $103,332,039 $96,431,596 $68,624,913 $6,900,443
2022 $82,246,044 $80,534,117 $47,704,956 $1,711,927
2021 $70,193,588 $70,414,194 $34,850,129 $-220,606
2020 $53,733,424 $54,549,804 $26,367,795 $-816,380
2019 $52,362,618 $51,529,493 $27,324,026 $833,125
2018 $50,663,596 $56,498,574 $25,009,769 $-5,834,978
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