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Nonprofiteer
← CARESOURCE WEST VIRGINIA CO

Form 990 for tax year 2023

Filed by CARESOURCE WEST VIRGINIA CO.

Totals

Total revenue
$103,332,039
Total expenses
$96,431,596
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$80,164,376
Management and general expenses
$16,267,220
Fundraising expenses
$0
Program service expenses (Part III)
$80,164,376

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Erhardt Preitauer

    Pres/CEO to 4/23 then Chr/Dir

    Total calculated
    $12,030,121
    From this org
    $0
    From related orgs
    $7,982,382
    Other
    $4,047,739
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,320,200 related
    Bonus
    $0 + $6,194,161 related
    Other
    $0 + $468,021 related
    Deferred
    $0 + $4,027,671 related
    Nontaxable benefits
    $0 + $20,068 related
    Filer's total
    $0 + $12,030,121 related

  • Richard Topping

    Secretary/Director (Eff 5/23)

    Total calculated
    $3,371,871
    From this org
    $0
    From related orgs
    $2,429,434
    Other
    $942,437
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,753 related
    Bonus
    $0 + $1,738,540 related
    Other
    $0 + $121,141 related
    Deferred
    $0 + $913,781 related
    Nontaxable benefits
    $0 + $28,656 related
    Filer's total
    $0 + $3,371,871 related

  • Lawrence Smart

    CFO, Treasurer/Dir (Eff 5/23)

    Total calculated
    $2,994,866
    From this org
    $0
    From related orgs
    $2,282,374
    Other
    $712,492
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,567 related
    Bonus
    $0 + $1,571,834 related
    Other
    $0 + $122,973 related
    Deferred
    $0 + $692,889 related
    Nontaxable benefits
    $0 + $19,603 related
    Filer's total
    $0 + $2,994,866 related

  • Scott Markovich

    Director (To 5/23)

    Total calculated
    $2,908,164
    From this org
    $0
    From related orgs
    $2,046,512
    Other
    $861,652
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $524,810 related
    Bonus
    $0 + $1,411,293 related
    Other
    $0 + $110,409 related
    Deferred
    $0 + $832,617 related
    Nontaxable benefits
    $0 + $29,035 related
    Filer's total
    $0 + $2,908,164 related

  • Jai Pillai

    Chief Operating Ofr (To 4/23)

    Total calculated
    $1,991,058
    From this org
    $0
    From related orgs
    $1,975,288
    Other
    $15,770
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,797 related
    Bonus
    $0 + $1,311,318 related
    Other
    $0 + $462,173 related
    Deferred
    $0 + $12,209 related
    Nontaxable benefits
    $0 + $3,561 related
    Filer's total
    $0 + $1,991,058 related

  • Stephanie Williams

    Dir (To 4/23) then Asst Treas

    Total calculated
    $1,422,827
    From this org
    $0
    From related orgs
    $874,375
    Other
    $548,452
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,045 related
    Bonus
    $0 + $441,980 related
    Other
    $0 + $74,350 related
    Deferred
    $0 + $537,620 related
    Nontaxable benefits
    $0 + $10,832 related
    Filer's total
    $0 + $1,422,827 related

  • Michael Taylor

    Dir (To 4/23), Pres (Eff 5/23)

    Total calculated
    $1,286,275
    From this org
    $0
    From related orgs
    $893,712
    Other
    $392,563
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,442 related
    Bonus
    $0 + $512,644 related
    Other
    $0 + $68,626 related
    Deferred
    $0 + $373,995 related
    Nontaxable benefits
    $0 + $18,568 related
    Filer's total
    $0 + $1,286,275 related

  • Daniel McCabe

    Former Chief Admin Officer

    Total calculated
    $140,542
    From this org
    $0
    From related orgs
    $140,542
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $140,542 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $140,542 related

  • William Coffin Jr

    Former VP Mkt Finance/Director

    Total calculated
    $24,304
    From this org
    $0
    From related orgs
    $24,304
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $24,304 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $24,304 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, a related entity, utilizes a compensation committee, independent compensation consultant, 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, Line 4a
Jai Pillai, Daniel McCabe, 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, Richard Topping, Lawrence Smart, Scott Markovich, Stephanie Williams, and Michael Taylor. 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, Richard Topping, Lawrence Smart, Scott Markovich, Stephanie Williams, and Michael Taylor. 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 2023 for both deferred compensation arrangements include the following: Erhardt Preitauer $1,820,312, Richard Topping $450,394, Lawrence Smart $450,852, Scott Markovich $409,557, Stephanie Williams $233,747, and Michael Taylor $204,703.
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, Richard Topping, Lawrence Smart, Scott Markovich, Jai Pillai, Stephanie Williams, and Michael Taylor. 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.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433189349305863

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