CareSource Mission

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

Patrick Stephan

Phone

6142554637

Tax Period

2023-01-01 to 2023-12-31

CareSource Mission, founded in 2022, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION'S MISSION IS 1) EDUCATING THE PUBLIC AND FEDERAL, STATE AND LOCAL GOVERNMENT POLICYMAKERS REGARDING THE BENEFITS OF MANAGED CARE, THE COORDINATION AND ENHANCEMENT OF QUALITY AND ACCESSIBLE HEALTH CARE SERVICES, AND SOCIAL DETERMINANTS ON HEALTH, PRINCIPALLY BENEFITING LOW-INCOME INDIVIDUALS AND INDIVIDUALS ELIGIBLE FOR PARTICIPATION UNDER GOVERNMENTAL HEALTH CARE PROGRAMS; AND 2) ADVOCATING FOR POLICIES, LEGISLATION, REGULATIONS AND GOVERNMENT PROGRAMS THAT PROMOTE HEALTH AND IMPROVEMENTS THROUGH MANAGED CARE, THE COORDINATION AND ENHANCEMENT OF QUALITY AND ACCESSIBLE HEALTH CARE SERVICES AND SOCIAL DETERMINANTS OF HEALTH, BENEFITING LOW-INCOME INDIVIDUALS AND INDIVIDUALS ELIGIBLE FOR PARTICIPATION UNDER GOVERNMENTAL HEALTH CARE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,915,455

CareSource Mission exists to strengthen and support communities and populations experiencing barriers to health care access - including non-medical contributors to health such as education...

CareSource Mission exists to strengthen and support communities and populations experiencing barriers to health care access - including non-medical contributors to health such as education, employment, housing, and food access. These social determinants of health have an outsized impact on outcomes such as low birthweight deliveries, infant mortality, medication utilization and adherence, and emergency department utilization. (Continued on Schedule O)

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,936,069

Program Service Revenue $0

Investment Income $0

Other Revenue $25,888

TOTAL REVENUE $1,961,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,915,455

Other Expenses $1,915,455

TOTAL EXPENSES $1,915,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,961,957	N/A	N/A
Expenses	$1,915,455	N/A	N/A
Net Income	$46,502	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Topping	Chair, Director	1.0	Officer Director	$0	$0	$0
Daniel McCabe	Director	1.0	Director	$0	$0	$0
Chris Kershner	Director	1.0	Director	$0	$0	$0
Patrick Stephan	President & Treasurer	1.0	Officer	$0	$0	$0
Lynn Reynolds	Secretary	1.0	Officer	$0	$0	$0
Caitlin Finnegan Priest	VP, Asst Treas (Eff 3/23)	1.0	Officer	$0	$0	$0

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	$1,961,957	$1,915,455	$214,502	$46,502
2022	No data	No data	No data	No data