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Nonprofiteer
← CARESOURCE

Form 990 for tax year 2024

Filed by CARESOURCE.

Totals

Total revenue
$1,514,731,827
Total expenses
$1,272,933,992
Contributions and grants received
$368,472
Grants paid
$7,860,294
Program service revenue
$1,377,214,326
Investment income
$136,541,643
Other revenue
$607,386
Total assets, end of year
$2,781,857,674
Total liabilities, end of year
$488,225,775
Net assets or fund balances, end of year
$2,293,631,899
Program services expenses (Part IX)
$1,272,933,992
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,272,933,992

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $368,472

  • 2a · Program service revenue: Management Fees

    total $1,188,594,316 · related or exempt $1,139,158,294 · unrelated business $49,436,022

  • 2b · Program service revenue: Insurance Premiums; Reinsurance

    total $138,620,010 · related or exempt $138,620,010

  • 2c · Program service revenue: KY Medicaid

    total $50,000,000 · related or exempt $50,000,000

  • 3 · Investment income

    total $92,110,564 · unrelated business -$1,224,168 · excluded $93,334,732

  • 6a · Gross rents

    real property $793,835 · personal property $89,000

  • 6b · Less rental expenses

    real property $243,226 · personal property $32,223

  • 6c · Rental income or loss

    real property $550,609 · personal property $56,777

  • 6d · Net rental income or loss

    total $607,386 · unrelated business $56,777 · excluded $550,609

  • 7a · Gross sales of assets other than inventory

    securities $48,249,973

  • 7b · Less cost or other basis and sales expenses

    securities $30,890 · other assets $3,788,004

  • 7c · Gain or loss

    securities $48,219,083 · other assets -$3,788,004

  • 7d · Net gain or loss

    total $44,431,079 · excluded $44,431,079

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,845,294 · program services $7,845,294

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $40,422,503 · program services $40,422,503

  • 7 · Other salaries and wages

    total $528,383,087 · program services $528,383,087

  • 8 · Pension plan contributions

    total $71,459,141 · program services $71,459,141

  • 9 · Other employee benefits

    total $76,062,973 · program services $76,062,973

  • 10 · Payroll taxes

    total $1,011,923 · program services $1,011,923

  • 11b · Fees: legal

    total $6,286,993 · program services $6,286,993

  • 11c · Fees: accounting

    total $929,048 · program services $929,048

  • 11d · Fees: lobbying

    total $38,645 · program services $38,645

  • 11f · Fees: investment management

    total $54,728,950 · program services $54,728,950

  • 11g · Fees: other

    total $190,278,045 · program services $190,278,045

  • 12 · Advertising and promotion

    total $20,729,012 · program services $20,729,012

  • 13 · Office expenses

    total $56,117,879 · program services $56,117,879

  • 14 · Information technology

    total $67,971,444 · program services $67,971,444

  • 16 · Occupancy

    total $9,327,295 · program services $9,327,295

  • 17 · Travel

    total $6,580,771 · program services $6,580,771

  • 19 · Conferences, conventions and meetings

    total $2,333,318 · program services $2,333,318

  • 20 · Interest

    total $12,132,076 · program services $12,132,076

  • 22 · Depreciation, depletion and amortization

    total $51,658,595 · program services $51,658,595

  • 23 · Insurance

    total $5,632,586 · program services $5,632,586

  • 24a · Other expenses: Reinsurance

    total $48,203,204 · program services $48,203,204

  • 24b · Other expenses: Memberships & Fees

    total $3,913,171 · program services $3,913,171

  • 24c · Other expenses: Excise Tax

    total $2,415,478 · program services $2,415,478

  • 24d · Other expenses: Parking Fees

    total $1,517,718 · program services $1,517,718

  • 24e · All other expenses

    total $6,939,843 · program services $6,939,843

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,065,241,539 · end of year $415,053,203

  • 4 · Accounts receivable

    beginning of year $173,104,521 · end of year $115,096,039

  • 7 · Other notes and loans receivable

    beginning of year $31,200,830 · end of year $36,486,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,554,467 · end of year $56,144,943

  • 10a · Land, buildings and equipment: cost or other basis

    $442,493,251

  • 10b · Land, buildings and equipment: accumulated depreciation

    $293,380,226

  • 10c · Land, buildings and equipment, net

    beginning of year $183,434,900 · end of year $149,113,025

  • 11 · Investments: publicly traded securities

    beginning of year $680,694,176 · end of year $1,608,559,406

  • 12 · Investments: other securities

    end of year $19,183,597

  • 13 · Investments: program-related

    beginning of year $1,209,498,687 · end of year $249,916,803

  • 14 · Intangible assets

    beginning of year $35,330,957 · end of year $37,396,030

  • 15 · Other assets

    beginning of year $126,779,071 · end of year $94,907,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $434,331,179 · end of year $352,878,741

  • 18 · Grants payable

    beginning of year $105,630 · end of year $102,287

  • 23 · Secured mortgages and notes payable

    beginning of year $182,078,295 · end of year $135,244,747

  • 27 · Net assets without donor restrictions

    beginning of year $2,929,324,044 · end of year $2,293,631,899

Mission and programs · 2024

Mission

CareSource ("the Company") is a nonprofit organization operating in Ohio. The Company was formed as a supporting organization, to act for the benefit of, and to carry out, the exempt purposes of its nonprofit, tax-exempt affiliates. (Continued on Schedule O)

Activities or mission (Part I)

To make a lasting difference in members' lives by improving their health and well-being.CareSource serves as a supporting organization to its nonprofit, tax-exempt affiliates.

  • CareSource, as a supporting organization under Section 509(a)(3) of the Internal Revenue Code, provides strategic oversight to its supported organizations, CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co, CareSource Georgia Co, CareSource West Virginia Co, and CareSource Life Services Co (The "CareSource Public Charities"). These supported organizations are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. CareSource has been headquartered in Dayton, Ohio since its founding. (Continued on Schedule O)CareSource's supported organizations in various states offer health insurance, including Medicaid, Health Insurance Marketplace, and Medicare products, administering one of the largest Medicaid managed care plans in the U.S. As a mission-driven organization, CareSource is transforming health care with innovative programs, providing access to health care to nearly 2,000,000 individuals with complex medical needs, through its supported organizations.Programs: At CareSource, we know that social determinants of health are key drivers of health care access, utilization, and outcomes. As such, social determinants of health require full integration into the treatment of Members' physical health. What sets us apart from traditional managed care is our record of accomplishments and results in integrating these non-clinical aspects into every interaction we have with our Members. The CareSource mission is to make a lasting difference in Members' lives by improving their health and well-being. This has catalyzed our commitment to develop programs that target our Members' social needs - nutrition, transportation, housing, jobs, social connectedness, communication, access, and more.We shape our benefits to integrate social and economic solutions seamlessly into our Members' care to have maximum impact on their social support, stability, health, and wellness. CareSource Life Services is the umbrella framework through which we address social determinants of health including hunger, housing, social stability, workforce development, and health equity. The CareSource JobConnect program addresses the education and employment barriers that many of our Members face and that impede their path to self-sufficiency. CareSource JobConnect is widely recognized within the managed care industry for reducing dependence on governmental services by providing Members with life coaching, access to community-based resources, and support setting and reaching their professional and educational goals.The CareSource Family of Companies believes that it can improve the health of its Members through educational initiatives. Education empowers Members to take on greater personal responsibility for their own health and the health of their family by encouraging healthy decisions and preventative care. For example, The CareSource Life Services program prepares a personalized wellness plan for each of its Members. Moreover, Members who are pregnant or have a child under the age of one can sign-up for a specifically designed program to receive three text messages per week that provide advice on proper preventative care. Other educational efforts include a childhood obesity management program for children between the ages of 5 and 17 years old.The CareSource Family of Companies provides enhanced benefits to Members that are above and beyond required benefits defined by state or federal agencies. In order to ensure Members are able to access the most appropriate medical care, The CareSource Family of Companies provides transportation services for office visits to their medical provider's office, ensuring that Members are keeping preventive, sick, or follow-up appointments. Further showing The CareSource Family of Companies' dedication to ensuring that our most vulnerable Members receive needed care, The CareSource Family of Comapnies does not charge Medicaid Members a copayment for pharmacy products, dental visits, vision examinations, vision hardware or non-emergent emergency department visits, even though regulations allow for such copays. The CareSource Family of Companies is dedicated to motivating its pregnant Members to seek prenatal and postpartum care by participating in the Babies First Member Incentive Program. Moms-to-be can receive reward cards for attending regular OB/GYN appointments while pregnant and for also attending appropriate follow-up visits after giving birth. The CareSource Family of Companies also provides its Members with free access to a hotline staffed by registered nurses, 24 hours a day, seven days a week. Over the phone, nurses review a Member's symptoms, offer guidance on when to seek medical care, explain any recently diagnosed conditions, provide education on over-the-counter medications, and help Members prepare a list of questions prior to meeting with a physician. All of these programs are provided to Members free of charge in furtherance of The CareSource Family of Companies' charitable purposes, which include providing relief of the poor and distressed, advancing education, promoting health for the benefit of the community, and lessening the burdens of government. Together, these enhanced benefits provide Members additional program benefits in order to make a lasting difference in Members' lives by improving their health and well-being.

    Expenses $1,272,933,992 · Grants $7,860,294 · Revenue $1,377,214,326

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erhardt Preitauer

    President & CEO, Director

    Total calculated
    $12,201,162
    From this org
    $6,076,721
    From related orgs
    $0
    Other
    $6,124,441
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

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

  • Lawrence Smart

    CFO, Treasurer

    Total calculated
    $3,471,086
    From this org
    $1,657,234
    From related orgs
    $0
    Other
    $1,813,852
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

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

  • Richard Topping

    Secretary (to 5/31)

    Total calculated
    $3,490,556
    From this org
    $2,659,280
    From related orgs
    $0
    Other
    $831,276
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

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

  • Scott Markovich

    EVP Markets & Products

    Total calculated
    $3,361,676
    From this org
    $1,702,416
    From related orgs
    $0
    Other
    $1,659,260
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $527,401
    Bonus
    $510,582
    Other
    $664,433
    Deferred
    $1,630,128
    Nontaxable benefits
    $29,132
    Filer's total
    $3,361,676

  • Sanjoy Musunuri

    EVP Strategy & Bus Dev

    Total calculated
    $3,300,589
    From this org
    $1,641,628
    From related orgs
    $0
    Other
    $1,658,961
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $531,620
    Bonus
    $652,025
    Other
    $457,983
    Deferred
    $1,630,128
    Nontaxable benefits
    $28,833
    Filer's total
    $3,300,589

  • David Williams

    EVP & Chief Medical Ofr

    Total calculated
    $3,174,668
    From this org
    $1,571,414
    From related orgs
    $0
    Other
    $1,603,254
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $513,451
    Bonus
    $493,316
    Other
    $564,647
    Deferred
    $1,591,408
    Nontaxable benefits
    $11,846
    Filer's total
    $3,174,668

  • Devon Valencia

    Chief Information Officer

    Total calculated
    $2,987,715
    From this org
    $1,422,480
    From related orgs
    $0
    Other
    $1,565,235
    Hours/week
    45 + 15 related

    Schedule J breakdown matched by us

    Base
    $504,354
    Bonus
    $485,053
    Other
    $433,073
    Deferred
    $1,549,659
    Nontaxable benefits
    $15,576
    Filer's total
    $2,987,715

  • Jennifer Dougherty

    Chief HR Officer

    Total calculated
    $2,842,643
    From this org
    $1,449,812
    From related orgs
    $0
    Other
    $1,392,831
    Hours/week
    45 + 15 related

    Schedule J breakdown matched by us

    Base
    $480,037
    Bonus
    $576,331
    Other
    $393,444
    Deferred
    $1,375,574
    Nontaxable benefits
    $17,257
    Filer's total
    $2,842,643

  • Edward Stubbers

    Secretary (Eff 6/1)

    Total calculated
    $2,198,075
    From this org
    $1,060,829
    From related orgs
    $0
    Other
    $1,137,246
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

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

  • Isaac Davidi

    SVP Operations

    Total calculated
    $2,003,148
    From this org
    $1,018,165
    From related orgs
    $0
    Other
    $984,983
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $386,072
    Bonus
    $364,182
    Other
    $267,911
    Deferred
    $954,851
    Nontaxable benefits
    $30,132
    Filer's total
    $2,003,148

  • Fred Schulz

    Chief Operating Officer

    Total calculated
    $1,975,648
    From this org
    $821,498
    From related orgs
    $0
    Other
    $1,154,150
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $535,247
    Bonus
    $140,895
    Other
    $145,356
    Deferred
    $1,124,179
    Nontaxable benefits
    $29,971
    Filer's total
    $1,975,648

  • Stephen Ringel

    President Market

    Total calculated
    $1,604,196
    From this org
    $1,163,559
    From related orgs
    $0
    Other
    $440,637
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $441,077
    Bonus
    $397,715
    Other
    $324,767
    Deferred
    $420,953
    Nontaxable benefits
    $19,684
    Filer's total
    $1,604,196

  • Steve Smitherman

    President Market

    Total calculated
    $1,461,091
    From this org
    $1,029,377
    From related orgs
    $0
    Other
    $431,714
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $415,160
    Bonus
    $343,899
    Other
    $270,318
    Deferred
    $414,940
    Nontaxable benefits
    $16,774
    Filer's total
    $1,461,091

  • Taira Kelley

    SVP Growth (to 7/12)

    Total calculated
    $1,392,343
    From this org
    $1,368,593
    From related orgs
    $0
    Other
    $23,750
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $179,813
    Bonus
    $310,608
    Other
    $878,172
    Deferred
    $12,171
    Nontaxable benefits
    $11,579
    Filer's total
    $1,392,343

  • Jenny Michael

    SVP Advocacy (to 4/1)

    Total calculated
    $1,196,721
    From this org
    $1,113,036
    From related orgs
    $0
    Other
    $83,685
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $191,996
    Bonus
    $308,665
    Other
    $612,375
    Deferred
    $73,605
    Nontaxable benefits
    $10,080
    Filer's total
    $1,196,721

  • Anthony Principi

    Chairman

    Total calculated
    $280,000
    From this org
    $280,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $280,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $280,000

  • Edward Thomas Brodmerkel

    Vice Chairman

    Total calculated
    $210,000
    From this org
    $210,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,000

  • David Miller

    Director

    Total calculated
    $170,000
    From this org
    $170,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,000

  • Craig Brown

    Director

    Total calculated
    $160,000
    From this org
    $160,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,000

  • Thomas Edwards

    Director

    Total calculated
    $160,000
    From this org
    $160,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,000

  • Thomas Kelly

    Director

    Total calculated
    $160,000
    From this org
    $160,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,000

  • Linda Willett

    Director

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,000

  • Anthony Winns

    Director

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,000

  • Jai Pillai

    Former Chief Operating Ofr

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

    Schedule J breakdown matched by us

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

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, and on a Form 990-PF Part VIII's — 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

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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 1a:
Nine of the board members listed on Schedule J, Part II were reimbursed for travel to and from board meetings utilizing first/business class travel. The amount reimbursed was not treated as compensation as it was business related.
Form 990, Schedule J, Part I, Question 3:
The Company utilizes a compensation committee, independent compensation consultant, CEO written employment contract, compensation survey or study, review of form 990 of other organizations, and approval by the board or compensation committee comprised solely of independent directors.
Form 990, Schedule J, Part I, Question 4a:
CareSource Management Services LLC ("CSMS") made severance payments to Richard Topping, Jai Pillai, Taira Kelley, and Jenny Michael during the calendar year. The payments are included in Part VII, Column D 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 persons were paid under the plan in 2024: Richard Topping $39,893, Taira Kelley $28,597, and Jenny Michael $15,855. The payments are included in Part VII, Column D 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 D 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; Scott Markovich $335,705; Sanjoy Musunuri $344,974; David Williams $244,695; Devon Valencia $327,725; Jennifer Dougherty $291,555; Edward Stubbers $188,273; Isaac Davidi $183,158; Fred Schulz $30,587; Stephen Ringel $227,166; Steve Smitherman $182,442; Taira Kelley $132,831; and Jenny Michael $179,516. 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 D 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 I, Question 6:
The following persons listed on Form 990, Part VII, Section A, line 1a are or were employees of CSMS: Erhardt Preitauer, Lawrence Smart, Richard Topping, Scott Markovich, Sanjoy Musunuri, David Williams, Devon Valencia, Jennifer Dougherty, Edward Stubbers, Isaac Davidi, Fred Schulz, Stephen Ringel, Steve Smitherman, Taira Kelley, and Jenny Michael. All of these listed persons are or were eligible for a performance bonus as part of their compensation packages. The amount of this Annual Incentive Plan ("AIP") bonus is based on the degree of achievement of the Companies' goals and the Individual's goals, which is ultimately documented in the year end performance management process. The performance management process documents the company goals and individual goals, the corresponding potential performance bonus, and the progress/outcomes. The performance bonus is based on the employee's calendar year regular earnings.
Form 990, Schedule J, Part II:
All compensation amounts reported on Schedule J, Part II for all listed persons are paid by CSMS. Compensation paid to the CEO is pursuant to the terms of a written employment agreement between Mr. Preitauer and 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ImagineCare LLC

    PSN/TPA · FL · income $0 · assets $0

    Directly controlled by ICH LLC

  • CareSource Military & Veterans Holding

    Holding Co · DE · income $93,439 · assets $2,599,667

    Directly controlled by CSMSH LLC

  • CareSource Management Services LLC

    TPA · OH · income $1,196,451,999 · assets $252,122,841

    Directly controlled by CSMSH LLC

  • CareSource Rx Innovations LLC (Dissolved 101824)

    Rx Services · OH · income $0 · assets $0

    Directly controlled by CSMSH LLC

  • Gem City Reinsurance LLC

    Captive Ins · MT · income $963,799 · assets $17,902,831

    Directly controlled by CSMSH LLC

  • CareSource Oklahoma Holding LLC

    Holding Co · DE · income $0 · assets $0

    Directly controlled by CSMSH LLC

  • CareSource Management Services Holding LLC

    Holding Co · DE · income $23,661,710 · assets $305,824,043

    Directly controlled by CSH LLC

  • Columbus Medical Services LLC

    Healthcare · DE · income $0 · assets $0

    Directly controlled by COH LLC

  • Columbus Educational Services LLC

    No Activity · DE · income $0 · assets $0

    Directly controlled by COH LLC

  • CareSource Holding III LLC

    Holding Co · OH · income $1,451,543 · assets $54,142,777

    Directly controlled by CareSource

  • CareSource Holding II LLC

    Holding Co · OH · income $0 · assets $0

    Directly controlled by CareSource

  • CareSource Holding LLC

    Holding Co · OH · income $21,455,795 · assets $336,541,120

    Directly controlled by CareSource

  • CareSource Real Estate Holdings LLC

    R/E Holding · OH · income $13,313,979 · assets $88,706,435

    Directly controlled by CareSource

  • CareSource at Home LLC (Dissolved 101824)

    Home Health · OH · income $0 · assets $0

    Directly controlled by CareSource

  • CareSource Network Partners LLC

    Contracting · OH · income $0 · assets $0

    Directly controlled by CareSource

  • CareSource Reinsurance LLC

    Captive Ins · MT · income $148,556,415 · assets $167,886,368

    Directly controlled by CareSource

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CareSource Diversity & Social Impact Investment

    N/A · Investing · DE · 100% owned · share of income $88,098 · share of assets $3,478,743

    Directly controlled by CareSource

  • CareSource Midwest Fund LLC

    N/A · Investing · DE · 100% owned · share of income $66,847 · share of assets $1,978,823

    Directly controlled by CareSource

  • ImagineCare Holdings LLC

    N/A · Holding Co · DE · 100% owned · share of income $32,568 · share of assets $1,565,530 · general or managing partner

    Directly controlled by CSMSH LLC

  • HAP Empowered Holding LLC

    N/A · Holding Co · DE · 40% owned · share of assets $52,839,878

    Directly controlled by CSH III LLC

  • CareSource Bayou Holding LLC

    N/A · Holding Co · DE · 51% owned · share of assets $1,020,000 · general or managing partner

    Directly controlled by CSMSH LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CareSource Virginia Co (Dissolved 101724)

    C · No activity · VA · 100% owned · controlled entity

    Directly controlled by CareSource

  • CareSource Arkansas Health Plan Co

    C · HMO Insurance · AR · 100% owned · share of income $70,788 · share of assets $1,667,704 · controlled entity

    Directly controlled by CS Holding LLC

  • Kids' CareAlliance Co (Dissolved 111324)

    C · No activity · OH · 100% owned · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource Oklahoma Health Plan Co

    C · HMO Ins Plan · OK · 100% owned · share of income $73,863 · share of assets $1,627,292 · controlled entity

    Directly controlled by CSOKH LLC

  • CareSource Kansas LLC

    C · HMO Ins Plan · KS · 100% owned · share of income $50,790 · share of assets $1,586,769 · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource North Carolina Co

    C · HMO Ins Plan · NC · 100% owned · share of income $35,525,164 · share of assets $48,480,963 · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource Passe LLC

    C · RBPO Ins Plan · AR · 49% owned · share of income $1,867,412 · share of assets $11,921,053 · controlled entity

    Directly controlled by CS Holding LLC

  • Columbus Organization Holdings LLC

    C · Holding Co · DE · 100% owned · share of income $19,933,410 · share of assets $129,605,531 · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource Tennessee Co

    C · Accident and Health; Life Ins · TN · 100% owned · share of income $140,812 · share of assets $3,346,285 · controlled entity

    Directly controlled by CSMSH LLC

  • Columbus Medical Services Inc

    C · No activity · MD · 100% owned · controlled entity

    Directly controlled by COH LLC

  • CareSource Iowa Co (Dissolved 112624)

    C · HMO Ins Plan · IA · 100% owned · share of income $49,102 · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource Florida Co

    C · HMO Ins Plan · FL · 100% owned · share of income $304,397 · share of assets $7,521,991 · controlled entity

    Directly controlled by CSMSH LLC

  • CareSource Bayou Health LLC

    C · HMO Ins Plan · TX · 51% owned · share of income $94,064 · share of assets $2,137,766 · controlled entity

    Directly controlled by CS Bayou Hold

  • CareSource Reinsurance II LLC

    C · Captive Ins · MT · 100% owned · share of income $94,702,698 · share of assets $12,808,406 · controlled entity

    Directly controlled by CSH II LLC

  • GCRE Protected Cell No 3 - CS LLC

    C · Captive Ins · MT · 100% owned · share of income $1,519,654 · share of assets $2,562,609 · controlled entity

    Directly controlled by GCRE

  • HAP CareSource

    C · HMO Ins Plan · MI · 40% owned · share of income $319,619,773 · share of assets $122,388,255 · controlled entity

    Directly controlled by HAP Emp Hold

  • CareSource Military & Veterans Co

    C · Tricare CPD · OH · 100% owned · share of income $118,277 · share of assets $2,599,667 · controlled entity

    Directly controlled by CSMVH LLC

  • CGCRE Protected Cell No 2 - MS LLC (Incorporated 42524)

    C · Captive Ins · MT · 100% owned · share of income $344,433 · share of assets $15,344,433 · controlled entity

    Directly controlled by GCRE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349314731

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