Caresource Kentucky Co
89% goes to programs Thin reserves Declining revenue
Caresource Kentucky Co is a 501(c)(3) organization based in Dayton, Ohio, registered in 2016, with $172,763,439 in FY2024 revenue. CharityIndex grades it C+, and it directs about 89% of spending to programs.
Po Box 8738, Dayton, OH, 45401 EIN 46-4991603 Since 2016
Revenue (FY2024)
$172.8M
▼ 8.2% vs prior year
Health median: $840K
Expenses (FY2024)
$205.7M
Net assets
-$4.2M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating89% 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 Kentucky Co: 89% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -19% 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 Kentucky Co: 0 mo reserves · -19% margin earns a D 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 Kentucky Co: 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 Kentucky Co: 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 kentucky co. is a nonprofit hmo licensed by the state of kentucky.
Contact & location
- Address
- Po Box 8738, Dayton, OH, 45401
- City
- Dayton
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10.0M (FY2015) to $172.8M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $60.5MNet assets -$4.2M
Operating margin
-19.0%
Spent more than it raised in the latest fiscal year.
Total assets
$56.3M
Total liabilities
$60.5M
Net assets
-$4.2M
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $172,763,439▼8.2% | $205,650,930▲11.3% | -$4,184,719▼115% | $56,338,207▼10.6% | 990 |
| 2023 | $188,297,102▼19.3% | $184,767,394▼22.3% | $28,708,292▲14.1% | $63,052,991▼3.2% | 990 |
| 2022 | $233,440,176▼25.5% | $237,898,173▼19.6% | $25,157,598▼15.1% | $65,144,241▼21.0% | 990 |
| 2021 | $313,174,321▲23.0% | $295,814,892▲21.2% | $29,615,497▼2.1% | $82,427,236▲6.5% | 990 |
| 2020 | $254,549,061▲7.4% | $244,062,173▲15.2% | $30,256,068▲1.6% | $77,405,583▲10.3% | 990 |
| 2019 | $237,068,323▼14.8% | $211,848,520▼23.7% | $29,769,180▲52.3% | $70,198,631▼10.7% | 990 |
| 2018 | $278,110,590▲172% | $277,729,119▲156% | $19,549,377▲2.0% | $78,641,159▲31.5% | 990 |
| 2017 | $102,086,373▲221% | $108,555,829▲168% | $19,167,906▲110% | $59,799,747▲90.6% | 990 |
| 2016 | $31,761,516▲218% | $40,447,875▲187% | $9,137,362▲56.9% | $31,378,367▲148% | 990 |
| 2015 | $9,995,816 | $14,089,439 | $5,823,721 | $12,638,298 | 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/director (eff 6/1) | 8 | — |
| Erhardt Preitauer | Chair/director | 8 | — |
| Jai Pillai | Former Chief Operating Ofr | 0 | — |
| Lawrence Smart | Cfo, Treasurer/director | 8 | — |
| Michael Taylor | President | 30 | — |
| Richard Topping | Secretary/director (to 5/31) | 8 | — |
| Stephanie Williams | Asst Treasurer | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Express Scripts Inc | Pharmacy Services | $80,430,439 |
| Dentaquest Group Inc | Medical Services | $323,358 |
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Compare Caresource Kentucky Co
Frequently asked questions
- Is Caresource Kentucky Co a legitimate nonprofit?
- Yes. Caresource Kentucky Co is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-4991603, based in Dayton, Ohio. Donations are tax-deductible.
- What is Caresource Kentucky Co's EIN?
- Caresource Kentucky Co's Employer Identification Number (EIN) is 46-4991603.
- How much revenue does Caresource Kentucky Co report?
- Caresource Kentucky Co reported $172,763,439 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Caresource Kentucky Co's spending goes to programs?
- Caresource Kentucky Co spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caresource Kentucky Co have?
- CharityIndex grades Caresource Kentucky Co C+, based on program efficiency and fundraising cost.
- How much does Caresource Kentucky Co's highest-paid employee make?
- The highest reported compensation on Caresource Kentucky Co's latest Form 990 is $0, paid to Edward Stubbers (Secretary/director (eff 6/1)).
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Data for Caresource Kentucky Co (EIN 46-4991603) 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.