The CareSource Foundation

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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

2006

Legal Domicile

Principal Officer

Erhardt Preitauer

Phone

9372243300

Tax Period

2023-01-01 to 2023-12-31

The CareSource Foundation, founded in 2006, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

THE CARESOURCE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO FURTHER THE CHARITABLE PURPOSES OF THE INTERNAL REVENUE CODE SECTION 501(C)(3) ORGANIZATIONS WITHIN THE CARESOURCE FAMILY OF COMPANIES (CONTINUED ON SCHEDULE O).

Program Service Accomplishments

Program 1

Expenses: $3,459,510 Revenue: $0

Since 2006, The CareSource Foundation has awarded more than $32 million to nonprofits that are working to eliminate poverty, provide much-needed services to low-and moderate-income families...

Since 2006, The CareSource Foundation has awarded more than $32 million to nonprofits that are working to eliminate poverty, provide much-needed services to low-and moderate-income families, encourage healthy communities, develop innovative approaches to address critical health issues and enhance the lives of a diverse array of children, adults and families (Continued on Schedule O).

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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 $3,500,000

Program Service Revenue $0

Investment Income $168,665

Other Revenue $0

TOTAL REVENUE $3,668,665

Expense Breakdown

Grants Paid $3,459,510

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,459,510

Other Expenses $227,658

TOTAL EXPENSES $3,687,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,668,665	$3,532,442	+0.0%
Expenses	$3,687,168	$4,648,757	-0.2%
Net Income	$-18,503	$-1,116,315	-1.0%

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

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

$20,387,916

Total Directors

$18,334,156

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erhardt Preitauer	CEO (To 3/23), Pres, Trustee	1.0	Officer Director	$0	$4,047,739	$12,030,121
Richard Topping	Sec (Eff 3/23), Trustee	1.0	Officer Director	$0	$942,437	$3,371,871
Lawrence Smart	CFO (To 3/23) then Treasurer	1.0	Officer	$0	$712,492	$2,994,866
Scott Markovich	Trustee (To 3/23)	1.0	Director	$0	$861,652	$2,908,164
Jai Pillai	Chief Operating Ofr (To 4/23)	1.0	Officer	$0	$15,770	$1,991,058
Daniel McCabe	Former Chief Admin Officer	0.0		$0	$0	$140,542
Ellen Leffak	Trustee	1.0	Director	$0	$0	$4,000
J Thomas Maultsby	Trustee	1.0	Director	$0	$0	$4,000
James Gross	Sec/Trs then 2nd V Chair, Ttee	1.0	Director	$0	$0	$4,000
Kenneth Herr	Vice Chair, Trustee	1.0	Director	$0	$0	$4,000
RoNita Hawes-Saunders	Chair, Trustee	1.0	Director	$0	$0	$4,000
William Marsteller	Trustee	1.0	Director	$0	$0	$4,000

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	$3,668,665	$3,687,168	$1,136,861	$-18,503
2022	$3,532,442	$4,648,757	$1,633,400	$-1,116,315
2021	$3,503,916	$4,043,560	$2,454,689	$-539,644
2020	$2,559,149	$1,312,017	$2,363,550	$1,247,132
2019	$2,020,825	$1,801,762	$900,380	$219,063
2018	$2,012,157	$1,120,605	$280,378	$891,552