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Nonprofiteer
← CARESOURCE KENTUCKY CO

Form 990 for tax year 2024

Filed by CARESOURCE KENTUCKY CO.

Totals

Total revenue
$172,763,439
Total expenses
$205,650,930
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$183,854,450
Management and general expenses
$21,796,480
Fundraising expenses
$0
Program service expenses (Part III)
$183,854,450

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Erhardt Preitauer

    Chair/Director

    Total calculated
    $12,201,162
    From this org
    $0
    From related orgs
    $6,076,721
    Other
    $6,124,441
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,407,328 related
    Bonus
    $0 + $2,654,031 related
    Other
    $0 + $2,015,362 related
    Deferred
    $0 + $6,101,217 related
    Nontaxable benefits
    $0 + $23,224 related
    Filer's total
    $0 + $12,201,162 related

  • Richard Topping

    Secretary/Director (To 5/31)

    Total calculated
    $3,490,556
    From this org
    $0
    From related orgs
    $2,659,280
    Other
    $831,276
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,104 related
    Bonus
    $0 + $561,640 related
    Other
    $0 + $1,818,536 related
    Deferred
    $0 + $815,252 related
    Nontaxable benefits
    $0 + $16,024 related
    Filer's total
    $0 + $3,490,556 related

  • Edward Stubbers

    Secretary/Director (Eff 6/1)

    Total calculated
    $2,198,075
    From this org
    $0
    From related orgs
    $1,060,829
    Other
    $1,137,246
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,231 related
    Bonus
    $0 + $322,470 related
    Other
    $0 + $286,128 related
    Deferred
    $0 + $1,117,562 related
    Nontaxable benefits
    $0 + $19,684 related
    Filer's total
    $0 + $2,198,075 related

  • Lawrence Smart

    CFO, Treasurer/Director

    Total calculated
    $3,471,086
    From this org
    $0
    From related orgs
    $1,657,234
    Other
    $1,813,852
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $589,886 related
    Bonus
    $0 + $570,124 related
    Other
    $0 + $497,224 related
    Deferred
    $0 + $1,794,168 related
    Nontaxable benefits
    $0 + $19,684 related
    Filer's total
    $0 + $3,471,086 related

  • Stephanie Williams

    Asst Treasurer

    Total calculated
    $1,957,115
    From this org
    $0
    From related orgs
    $936,707
    Other
    $1,020,408
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,179 related
    Bonus
    $0 + $362,976 related
    Other
    $0 + $205,552 related
    Deferred
    $0 + $1,003,011 related
    Nontaxable benefits
    $0 + $17,397 related
    Filer's total
    $0 + $1,957,115 related

  • Michael Taylor

    President

    Total calculated
    $1,072,596
    From this org
    $0
    From related orgs
    $789,227
    Other
    $283,369
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,736 related
    Bonus
    $0 + $247,993 related
    Other
    $0 + $226,498 related
    Deferred
    $0 + $264,723 related
    Nontaxable benefits
    $0 + $18,646 related
    Filer's total
    $0 + $1,072,596 related

  • Jai Pillai

    Former Chief Operating Ofr

    Total calculated
    $244,761
    From this org
    $0
    From related orgs
    $244,761
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $244,761 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $244,761 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990, Schedule J, Part I, Question 3:
CareSource Management Services LLC ("CSMS"), a related entity, utilizes a compensation committee, independent compensation consultant, compensation survey or study, and review of Form 990 of other organizations.
Form 990, Schedule J, Part I, Question 4a:
CSMS a related entity, made severance payments to Richard Topping and Jai Pillai during the calendar year. The payments are included in Part VII, Column E and it is reported on Schedule J, Part II, Column B(iii). The terms and conditions of the confidential severance agreements are available to the Internal Revenue Service upon request.
Form 990, Schedule J, Part I, Question 4b:
CSMS provides certain corporate officers, directors, key employees, and highly compensated executives with a supplemental nonqualified retirement plan. Amounts are accrued monthly for plan participants. The plan provides compensation to the participants after a vesting period, and the funds are available to the participants after they retire or resign from the organization. The plan provides for normal terms and conditions contained in a standard nonqualified retirement plan. The following listed person was paid under the plan in 2024: Richard Topping $39,893. The payment is included in Part VII, Column E and it is reported on Schedule J, Part II, Column B(iii). CSMS provides certain corporate officers, directors, key employees, and highly compensated executives with a long-term incentive plan. The plan provides compensation to the participants based on annual and long-term goals. The plan will pay out if these goals, or a subset of these goals, are achieved over a three-year period. The amounts are subject to forfeiture if certain employment conditions and vesting periods are not met. Amounts are included in Part VII, Column F and reported on Schedule J, Part II, Column C when accrued and included in Part VII, Column E and reported on Schedule J, Part II, Column B(iii) in the year paid. The following listed persons participated in and were paid under the plan in 2024: Erhardt Preitauer $1,516,425; Lawrence Smart $371,773; Richard Topping $774,290; Edward Stubbers $188,273; Michael Taylor $157,713; and Stephanie Williams $128,076. CSMS provides certain corporate officers, directors, key employees, and highly compensated executives with a management incentive plan. The plan provides compensation to the participants based on certain financial measurements of the Company, which are calculated annually. The plan will pay out if the targets are achieved over a three-year period. If a participant leaves their employment prior to this three-year performance period, they may be entitled to a pro-rated payment if the targets are achieved over the three-year period. Amounts are included in Part VII, Column F and reported on Schedule J, Part II, Column C when accrued and included in Part VII, Column E and reported on Schedule J, Part II, Column B(iii) in the year paid. No amounts were paid in 2024 under the plan.
Form 990, Schedule J, Part II:
All compensation amounts reported on Schedule J, Part II for all listed persons are paid by CSMS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349314732

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