Caresource
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Caresource is a 501(c)(3) organization based in Dayton, Ohio, registered in 2003, with $1,514,731,827 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
230 N Main St, Dayton, OH, 45402 EIN 31-1703368 Since 2003
Revenue (FY2024)
$1.5B
▼ 40.5% vs prior year
Health median: $840K
Expenses (FY2024)
$1.3B
Net assets
$2.3B
Employees
5,288
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Caresource: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Caresource: 22 mo reserves · +16% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Caresource: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Caresource: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
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.
Contact & location
- Address
- 230 N Main St, Dayton, OH, 45402
- City
- Dayton
- State
- Ohio
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $382.2M (FY2013) to $1.5B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $488.2MNet assets $2.3B
Operating margin
16.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.8B
Total liabilities
$488.2M
Net assets
$2.3B
Salaries & benefits
$717.3M
56% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,514,731,827▼40.5% | $1,272,933,992▼7.8% | $2,293,631,899▼21.7% | $2,781,857,674▼21.5% | 990 |
| 2023 | $2,546,732,879▲606% | $1,380,461,409▲4678% | $2,929,324,044▲297% | $3,545,839,148▲250% | 990 |
| 2022 | $360,633,144▼63.8% | $28,890,756▼96.6% | $737,185,298▲80.5% | $1,013,140,667▲44.9% | 990 |
| 2021 | $995,681,840▼11.6% | $844,039,813▼16.9% | $408,310,984▲16.2% | $699,160,352▼22.1% | 990 |
| 2020 | $1,126,549,677▼33.9% | $1,015,599,876▼40.9% | $351,353,192▲36.1% | $897,034,476▲9.6% | 990 |
| 2019 | $1,705,551,132▲6.2% | $1,718,096,033▲3.6% | $258,217,698▼4.9% | $818,501,167▼11.6% | 990 |
| 2018 | $1,606,200,191▲8.7% | $1,658,401,586▲12.6% | $271,382,097▼16.7% | $925,675,011▲17.9% | 990 |
| 2017 | $1,477,572,293▲20.1% | $1,472,575,757▲22.4% | $325,846,915▲2.1% | $784,887,549▲50.2% | 990 |
| 2016 | $1,230,019,436▲12.2% | $1,202,930,094▲18.8% | $319,012,086▲9.0% | $522,447,166▼7.1% | 990 |
| 2015 | $1,096,573,413▲74.2% | $1,012,555,597▲80.0% | $292,736,087▲38.7% | $562,649,367▲21.3% | 990 |
| 2014 | $629,331,055▲64.6% | $562,385,508▲83.1% | $211,089,931▲46.3% | $463,740,451▲71.9% | 990 |
| 2013 | $382,246,355 | $307,228,805▲63.6% | $144,279,090▲99.6% | $269,738,483▲52.6% | 990 |
| 2012 | — | $187,837,996▲18.8% | $72,269,233▲101% | $176,729,068▲131% | 990 |
| 2011 | — | $158,074,758▲23.4% | $35,898,376▲39.9% | $76,488,161▲5.0% | 990 |
| 2010 | — | $128,101,882 | $25,655,374 | $72,831,747 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Erhardt Preitauer — $6,076,721 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Erhardt Preitauer | President & Ceo, Director | 15 | $6,076,721 |
| Richard Topping | Secretary (to 5/31) | 15 | $2,659,280 |
| Scott Markovich | Evp Markets & Products | 15 | $1,702,416 |
| Lawrence Smart | Cfo, Treasurer | 15 | $1,657,234 |
| Sanjoy Musunuri | Evp Strategy & Bus Dev | 15 | $1,641,628 |
| David Williams | Evp & Chief Medical Ofr | 15 | $1,571,414 |
| Jennifer Dougherty | Chief Hr Officer | 45 | $1,449,812 |
| Devon Valencia | Chief Information Officer | 45 | $1,422,480 |
| Taira Kelley | Svp Growth (to 7/12) | 15 | $1,368,593 |
| Stephen Ringel | President Market | 1 | $1,163,559 |
| Jenny Michael | Svp Advocacy (to 4/1) | 15 | $1,113,036 |
| Edward Stubbers | Secretary (eff 6/1) | 15 | $1,060,829 |
| Steve Smitherman | President Market | 1 | $1,029,377 |
| Isaac Davidi | Svp Operations | 15 | $1,018,165 |
| Fred Schulz | Chief Operating Officer | 15 | $821,498 |
| Anthony Principi | Chairman | 10 | $280,000 |
| Jai Pillai | Former Chief Operating Ofr | 0 | $244,761 |
| Edward Thomas Brodmerkel | Vice Chairman | 8 | $210,000 |
| David Miller | Director | 8 | $170,000 |
| Craig Brown | Director | 8 | $160,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| O'neil Digital Solutions LLC | Consulting Services | $11,230,333 |
| Western Reserve Area Agency On Aging | Contract Services | $10,884,627 |
| Enhance Aca Plus LLC | Consulting Services | $10,599,952 |
| Ahead LLC | Consulting Services | $10,198,617 |
| Direction Home Akron Canton | Contract Services | $7,107,115 |
Grants received · $2.3M total
1 grant to Caresource totaling $2.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jobsohio | Economic development | 2019 | $2,300,000 |
Grants made · $7.6M in FY2024
34 grants totaling $7.6M in FY2024 — showing the 15 largest. All grants made by Caresource →
| Recipient | Purpose | Amount |
|---|---|---|
| Caresource Foundation | Grants on behalf of caresource's supported orgs | $3,500,000 |
| Caresource Mission | General support | $2,925,456 |
| Us Chamber of Commerce Foundation | Hiring our heroes sponsorship | $250,000 |
| The Big Hoopla Inc | General support | $195,000 |
| University of Dayton | Spotlight on mental health exhibition game sponsor | $100,000 |
| Clark County Health Department | General support | $100,000 |
| Preschool Promise Inc | Be ready by inititative | $75,000 |
| National Aftican American Male Wellness Agency | General support | $55,000 |
| The United Way of the Greater Dayton Area | General support | $50,000 |
| National Governors Association Center For Best Practices | 2024 annual ng partnership | $30,000 |
| Council of State Governments | General support | $25,000 |
| Society For the Improvement of Conditions For Stray Animals | 2025 mass food distribution support | $25,000 |
| Lutheran Services In America Incorporated | Ceo summit sponsorship | $25,000 |
| Sams Fans | Thread of hope sponsorship | $25,000 |
| Health Policy Institute of Ohio | Gos grant | $20,000 |
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Frequently asked questions
- Is Caresource a legitimate nonprofit?
- Yes. Caresource is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1703368, based in Dayton, Ohio. Donations are tax-deductible.
- What is Caresource's EIN?
- Caresource's Employer Identification Number (EIN) is 31-1703368.
- How much revenue does Caresource report?
- Caresource reported $1,514,731,827 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Caresource's spending goes to programs?
- Caresource spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caresource have?
- CharityIndex grades Caresource A+, based on program efficiency and fundraising cost.
- How much does Caresource's highest-paid employee make?
- The highest reported compensation on Caresource's latest Form 990 is $6,076,721, paid to Erhardt Preitauer (President & Ceo, Director).
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Data for Caresource (EIN 31-1703368) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.