Caresource West Virginia Co
85% goes to programs Thin reserves Growing revenue
Caresource West Virginia Co is a 501(c)(3) organization based in Dayton, Ohio, registered in 2017, with $214,719,988 in FY2024 revenue. CharityIndex grades it B+, and it directs about 85% of spending to programs.
Po Box 8738, Dayton, OH, 45401 EIN 47-3028244 Since 2017
Revenue (FY2024)
$214.7M
▲ 107.8% vs prior year
Health median: $840K
Expenses (FY2024)
$209.5M
Net assets
$16.7M
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 rating85% 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 West Virginia Co: 85% to programs earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% 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 West Virginia Co: 1 mo reserves · +2% 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 West Virginia 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 West Virginia 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 west virginia co. is a nonprofit hmo licensed by the state of west virginia.
Contact & location
- Address
- Po Box 8738, Dayton, OH, 45401
- City
- Dayton
- State
- Ohio
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.4M (FY2016) to $214.7M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $122.8MNet assets $16.7M
Operating margin
2.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$139.6M
Total liabilities
$122.8M
Net assets
$16.7M
Salaries & benefits
$0
0% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $214,719,988▲108% | $209,483,593▲117% | $16,747,572▲45.7% | $139,591,982▲103% | 990 |
| 2023 | $103,332,039▲25.6% | $96,431,596▲19.7% | $11,497,534▲152% | $68,624,913▲43.9% | 990 |
| 2022 | $82,246,044▲17.2% | $80,534,117▲14.4% | $4,565,255▲59.9% | $47,704,956▲36.9% | 990 |
| 2021 | $70,193,588▲30.6% | $70,414,194▲29.1% | $2,854,656▼7.2% | $34,850,129▲32.2% | 990 |
| 2020 | $53,733,424▲2.6% | $54,549,804▲5.9% | $3,075,262▼21.0% | $26,367,795▼3.5% | 990 |
| 2019 | $52,362,618▲3.4% | $51,529,493▼8.8% | $3,891,642▲27.2% | $27,324,026▲9.3% | 990 |
| 2018 | $50,663,596▲57.3% | $56,498,574▲77.0% | $3,058,517▼65.6% | $25,009,769▲0.3% | 990 |
| 2017 | $32,204,956▲496% | $31,924,665▲437% | $8,893,495▲146% | $24,942,499▲227% | 990 |
| 2016 | $5,404,593 | $5,947,996 | $3,613,204 | $7,627,426 | 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 | Assistant Treasurer | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Express Scripts Inc | Pharmacy Services | $22,598,262 |
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Frequently asked questions
- Is Caresource West Virginia Co a legitimate nonprofit?
- Yes. Caresource West Virginia Co is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3028244, based in Dayton, Ohio. Donations are tax-deductible.
- What is Caresource West Virginia Co's EIN?
- Caresource West Virginia Co's Employer Identification Number (EIN) is 47-3028244.
- How much revenue does Caresource West Virginia Co report?
- Caresource West Virginia Co reported $214,719,988 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Caresource West Virginia Co's spending goes to programs?
- Caresource West Virginia Co spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caresource West Virginia Co have?
- CharityIndex grades Caresource West Virginia Co B+, based on program efficiency and fundraising cost.
- How much does Caresource West Virginia Co's highest-paid employee make?
- The highest reported compensation on Caresource West Virginia Co's latest Form 990 is $0, paid to Edward Stubbers (Secretary/director (eff 6/1)).
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Data for Caresource West Virginia Co (EIN 47-3028244) 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.