Skip to content
Nonprofiteer
← CARESOURCE INDIANA INC

Form 990 for tax year 2022

Filed by CARESOURCE INDIANA INC.

Totals

Total revenue
$1,036,113,607
Total expenses
$1,049,992,612
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$918,677,750
Management and general expenses
$131,314,862
Fundraising expenses
$0
Program service expenses (Part III)
$918,677,750

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Erhardt Preitauer

    President & CEO

    Total calculated
    $7,910,538
    From this org
    $0
    From related orgs
    $3,656,889
    Other
    $4,253,649
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,271,556 related
    Bonus
    $0 + $1,935,465 related
    Other
    $0 + $449,868 related
    Deferred
    $0 + $4,232,490 related
    Nontaxable benefits
    $0 + $21,159 related
    Filer's total
    $0 + $7,910,538 related

  • Jai Pillai

    Chief Operating Officer

    Total calculated
    $2,106,825
    From this org
    $0
    From related orgs
    $1,235,514
    Other
    $871,311
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,475 related
    Bonus
    $0 + $478,850 related
    Other
    $0 + $133,189 related
    Deferred
    $0 + $856,649 related
    Nontaxable benefits
    $0 + $14,662 related
    Filer's total
    $0 + $2,106,825 related

  • Lawrence Smart

    Chief Financial Officer

    Total calculated
    $2,071,755
    From this org
    $0
    From related orgs
    $1,072,888
    Other
    $998,867
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $535,956 related
    Bonus
    $0 + $424,371 related
    Other
    $0 + $112,561 related
    Deferred
    $0 + $975,380 related
    Nontaxable benefits
    $0 + $23,487 related
    Filer's total
    $0 + $2,071,755 related

  • Scott Markovich

    EVP Markets & Products, Dir

    Total calculated
    $1,917,841
    From this org
    $0
    From related orgs
    $966,866
    Other
    $950,975
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,787 related
    Bonus
    $0 + $354,760 related
    Other
    $0 + $106,319 related
    Deferred
    $0 + $911,682 related
    Nontaxable benefits
    $0 + $39,293 related
    Filer's total
    $0 + $1,917,841 related

  • Daniel McCabe

    Chief Admin Officer (To 4/22)

    Total calculated
    $1,520,864
    From this org
    $0
    From related orgs
    $1,505,969
    Other
    $14,895
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,152 related
    Bonus
    $0 + $1,044,619 related
    Other
    $0 + $341,198 related
    Deferred
    $0 + $7,379 related
    Nontaxable benefits
    $0 + $7,516 related
    Filer's total
    $0 + $1,520,864 related

  • Steve Smitherman

    President Market, Director

    Total calculated
    $1,201,530
    From this org
    $0
    From related orgs
    $637,575
    Other
    $563,955
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,156 related
    Bonus
    $0 + $226,600 related
    Other
    $0 + $71,819 related
    Deferred
    $0 + $523,304 related
    Nontaxable benefits
    $0 + $40,651 related
    Filer's total
    $0 + $1,201,530 related

  • Stephanie Williams

    SVP Ch Acty, Dir (Eff 4/22)

    Total calculated
    $1,101,742
    From this org
    $0
    From related orgs
    $524,391
    Other
    $577,351
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,884 related
    Bonus
    $0 + $19,972 related
    Other
    $0 + $164,535 related
    Deferred
    $0 + $555,141 related
    Nontaxable benefits
    $0 + $22,210 related
    Filer's total
    $0 + $1,101,742 related

  • William Coffin Jr

    VP Mkt Finance, Dir (To 4/22)

    Total calculated
    $547,196
    From this org
    $0
    From related orgs
    $524,895
    Other
    $22,301
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $44,311 related
    Bonus
    $0 + $203,209 related
    Other
    $0 + $277,375 related
    Deferred
    $0 + $15,188 related
    Nontaxable benefits
    $0 + $7,113 related
    Filer's total
    $0 + $547,196 related

  • David Finkel

    Former EVP Markets, Director

    Total calculated
    $194,579
    From this org
    $0
    From related orgs
    $194,579
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $194,579 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $194,579 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
The process the Organization goes through to establish the reasonable executive compensation is the same for all the CareSource Family of companies. The organization 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. CareSource Management Services LLC ("CSMS"), a related organization, has in place Claw back provisions within its executive compensation plans that generally require executives to pay back compensation to CSMS in the event a subsequent legal, accounting, regulatory or compliance issue is discovered over which the executive had direct responsibility and control during the executive's employment.
Form 990, Schedule J, Part I, Line 4a
Daniel McCabe, David Finkel, and William Coffin, Jr. received severance payments that are properly reported on Schedule J, Part II, Column B(iii).
Form 990, Schedule J, Part I, Question 4b
The following listed persons listed on Form 990, Part VII, Section A, participate in a supplemental nonqualified retirement plan of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, Scott Markovich, Steve Smitherman, and Stephanie Williams. Amounts are accrued monthly for plan participants. The plans provide 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 plans provide for normal terms and conditions contained in a standard nonqualified retirement plan. The following listed persons listed on Form 990, Part VII, Section A, participate in a long-term incentive plan of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, Scott Markovich, Steve Smitherman, and Stephanie Williams. The plan provides compensation to the participants based on annual and long-term goals. The long-term incentive plan will pay out if these goals, or a subset of these goals, are achieved over a three-year period. If a participant leaves their employment prior to this three-year performance period, they forfeit any amounts accrued under this plan. Employees must be employed on the date which the long-term incentive plan is paid, which in no event is later than March 15th. Exceptions to this general statement include death, disability, or a qualified retirement, which may result in prorated payment. Amounts paid or accrued in 2022 for both deferred compensation arrangements include the following: Erhardt Preitauer $2,272,354, Jai Pillai $375,388, Lawrence Smart $554,835, Scott Markovich $517,955, Steve Smitherman $282,573, and Stephanie Williams $288,979.
Form 990, Schedule J, Part I, Question 6b
The following persons listed on Form 990, Part VII, Section A, Line 1a are or were employees of CSMS: Erhardt Preitauer, Jai Pillai, Lawrence Smart, Scott Markovich, Daniel McCabe, Steve Smitherman, Stephanie Williams, William Coffin Jr, and David Finkel. 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

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313179349307511

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.