Caresource Indiana Inc
- Assets
- $478.3m
- Revenue
- $1.0b
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 32-0121856
Organization Overview
Caresource Indiana Inc is located in Dayton, OH. The organization was established in 2007. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caresource Indiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Caresource Indiana Inc generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $1.0b during the year ending 12/2022. While expenses have increased by 42.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARESOURCE INDIANA, INC. ("CSIN"CARESOURCE INDIANA") IS A NONPROFIT ORGANIZATION ESTABLISHED UNDER THE STATE LAW OF INDIANA. CSIN IS A MEMBER OF THE CARESOURCE GROUP OF NONPROFIT ORGANIZATIONS (THE "CARESOURCE GROUP"). THE MISSION OF THE CARESOURCE GROUP IS TO MAKE A LASTING DIFFERENCE IN ITS MEMBERS' LIVES BY IMPROVING THEIR HEALTH AND WELL-BEING. CSIN FIRMLY ADHERES TO THIS MISSION, WHICH IT TERMS AS THE ORGANIZATION'S "HEARTBEAT," BY PROVIDING SERVICES THAT GO WELL BEYOND THE DELIVERY OF MEDICAL BENEFITS. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erhardt Preitauer President & CEO | Officer | 8 | $0 |
Jai Pillai Chief Operating Officer | Officer | 8 | $0 |
Lawrence Smart Chief Financial Officer | Officer | 8 | $0 |
Scott Markovich Evp Markets & Products, Dir | Trustee | 8 | $0 |
Daniel Mccabe Chief Admin Officer (to 4/22) | Officer | 1 | $0 |
Steve Smitherman President Market, Director | Trustee | 59 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Express Scripts Inc Pharmacy Services | 12/30/22 | $244,202,507 |
Skygen Usa Llc Medical Services | 12/30/22 | $21,877,659 |
Lcp Transportation Llc Transportation Svcs | 12/30/22 | $3,094,405 |
Axial Healthcare Management Inc Medical Services | 12/30/22 | $2,780,182 |
Dentaquest Group Inc Medical Services | 12/30/22 | $1,646,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,029,880,554 |
| Investment income | $6,306,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$73,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,113,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $485,719 |
| Fees for services: Accounting | $159,591 |
| Fees for services: Lobbying | $45,124 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,549 |
| Fees for services: Other | $33,090,916 |
| Advertising and promotion | $3,388,679 |
| Office expenses | $15,911,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,525,375 |
| Travel | $392,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,193,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $421,792 |
| All other expenses | $7,552,300 |
| Total functional expenses | $1,049,992,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,650,926 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,540,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $762,743 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $305,287,448 |
| Investments—other securities | $0 |
| Investments—program-related | $1,015,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,256,817 |
| Accounts payable and accrued expenses | $137,116,539 |
| Grants payable | $0 |
| Deferred revenue | $242,263,771 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,335,022 |
| Total liabilities | $407,715,332 |
| Net assets without donor restrictions | $70,541,485 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $478,256,817 |