Caresource Indiana Inc
88% goes to programs Growing revenue
Caresource Indiana Inc is a 501(c)(3) organization based in Dayton, Ohio, registered in 2007, with $1,324,786,071 in FY2024 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
Po Box 8738, Dayton, OH, 45401 EIN 32-0121856 Since 2007
Revenue (FY2024)
$1.3B
▲ 8.7% vs prior year
Health median: $840K
Expenses (FY2024)
$1.3B
Net assets
$156.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating88% to programs
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 Indiana Inc: 88% to programs earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +1% 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 Indiana Inc: 1 mo reserves · +1% margin earns a C+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Indiana Inc: 4 of 6 checks met earns a B 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 Indiana Inc: 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 our members' lives by improving their health and well-being. caresource indiana, inc. is a nonprofit hmo licensed by the state of indiana.
Contact & location
- Address
- Po Box 8738, Dayton, OH, 45401
- City
- Dayton
- State
- Ohio
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3,225 (FY2013) to $1.3B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $281.2MNet assets $156.2M
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$437.4M
Total liabilities
$281.2M
Net assets
$156.2M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,324,786,071▲8.7% | $1,304,987,103▲17.2% | $156,181,063▼2.9% | $437,371,962▼5.7% | 990 |
| 2023 | $1,218,667,752▲17.6% | $1,112,999,592▲6.0% | $160,796,377▲128% | $463,855,622▼3.0% | 990 |
| 2022 | $1,036,113,607▲4.6% | $1,049,992,612▲8.9% | $70,541,485▼20.1% | $478,256,817▲10.1% | 990 |
| 2021 | $990,208,142▲31.8% | $963,967,552▲29.4% | $88,252,202▲42.3% | $434,368,652▲32.6% | 990 |
| 2020 | $751,111,177▲17.0% | $744,908,345▲25.2% | $62,011,612▼27.7% | $327,554,719▲35.7% | 990 |
| 2019 | $641,719,004▼19.4% | $594,936,324▼24.4% | $85,808,780▲76.0% | $241,392,526▲4.4% | 990 |
| 2018 | $795,707,884▲122% | $786,449,043▲124% | $48,745,934▲23.4% | $231,216,052▲38.7% | 990 |
| 2017 | $358,614,607▲278% | $350,778,188▲201% | $39,487,093▲137% | $166,668,255▲143% | 990 |
| 2016 | $94,959,613▲66.4% | $116,404,473▲85.3% | $16,650,674▲106% | $68,699,557▲31.1% | 990 |
| 2015 | $57,072,388▲2931199% | $62,817,229▲19324% | $8,095,534▲261% | $52,383,997▲1661% | 990 |
| 2014 | $1,947▼39.6% | $323,400▲601% | $2,240,375▲43.4% | $2,974,336▲89.4% | 990 |
| 2013 | $3,225 | $46,129▲191% | $1,561,828▼18.0% | $1,570,139▼17.9% | 990 |
| 2012 | — | $15,853▼9.5% | $1,904,732▼0.3% | $1,912,737▼0.2% | 990 |
| 2011 | — | $17,521▼32.9% | $1,909,763▲0.6% | $1,915,877▼0.3% | 990 |
| 2010 | — | $26,095 | $1,899,265 | $1,922,516 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward Stubbers | Secretary (eff 6/1) | 8 | — |
| Erhardt Preitauer | Chair/director | 8 | — |
| Jai Pillai | Former Chief Operating Ofr | 0 | — |
| Lawrence Smart | Cfo, Treasurer/director | 8 | — |
| Richard Topping | Secretary (to 5/31) | 8 | — |
| Stephanie Williams | Assistant Treasurer | 10 | — |
| Steve Smitherman | President/director | 59 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Express Scripts Inc | Pharmacy Services | $318,951,966 |
| Scion Dental | Medical Services | $26,550,216 |
| Superior Vision Services Inc | Medical Services | $6,185,608 |
| Lcp Transportation LLC | Transportation Services | $4,360,198 |
| Dentaquest Group Inc | Medical Services | $2,322,771 |
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Compare Caresource Indiana Inc
Frequently asked questions
- Is Caresource Indiana Inc a legitimate nonprofit?
- Yes. Caresource Indiana Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 32-0121856, based in Dayton, Ohio. Donations are tax-deductible.
- What is Caresource Indiana Inc's EIN?
- Caresource Indiana Inc's Employer Identification Number (EIN) is 32-0121856.
- How much revenue does Caresource Indiana Inc report?
- Caresource Indiana Inc reported $1,324,786,071 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Caresource Indiana Inc's spending goes to programs?
- Caresource Indiana Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caresource Indiana Inc have?
- CharityIndex grades Caresource Indiana Inc B+, based on program efficiency and fundraising cost.
- How much does Caresource Indiana Inc's highest-paid employee make?
- The highest reported compensation on Caresource Indiana Inc's latest Form 990 is $0, paid to Edward Stubbers (Secretary (eff 6/1)).
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Data for Caresource Indiana Inc (EIN 32-0121856) 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.