CareSource is a nonprofit health plan and one of the nation's largest Managed Medicaid Plans, headquartered in Dayton, Ohio. Founded in 1999, the organization serves more than 1.5 million consumers across Ohio, Kentucky, Indiana, and West Virginia. CareSource operates as a supporting organization under section 509(a)(3) of the Internal Revenue Code, providing strategic oversight to its supported public charities including CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co., CareSource Georgia Co., CareSource West Virginia Co., and CareSource Life Services Co.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8B
-21.5% YoY
Revenue
$1.5B
-40.5% YoY
Net Investment Income
$136.5M
-89.3% YoY
Expenses
$1.3B
-7.8% YoY
Mission & Focus Areas
CareSource's mission centers on making a lasting difference in members' lives by improving their health and well-being. The organization offers services for Medicaid, Medicare, and Federal Exchange members.
The CareSource Foundation, established in 2006, focuses on the following priority areas:
- Support health education and promote healthy habits
- Improve maternal, infant and child health
- Support individuals with disabilities and other complex populations to live independently
- Eliminate poverty and provide services to low- and moderate-income families
- Encourage healthy communities
- Develop innovative approaches to address critical health issues
- Enhance the lives of children, adults, and families
Grantmaking
Since 2006, The CareSource Foundation has awarded more than $35.5 million to nonprofits (with some sources indicating over $39 million in total awards).
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Geographic Focus
Where this funder awards grants
The CareSource Foundation's grant-making focuses primarily on Ohio, North Carolina, and Georgia, with recent expansion into Nevada.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
CareSource (Parent Organization) - 2023:
- Total revenues: $2,546,732,879
- Total expenses: $1,380,461,409
- Total assets: $3,545,839,148
The CareSource Foundation - 2024:
- Total assets: $1,053,870
- Total giving: $3,145,400
- Total revenues: $3,680,093
- Total expenses: $3,421,600
CareSource Overall - 2024:
- Revenue: $1.51 billion
- Expenses: $1.27 billion
- Total assets: $2.78 billion
- Total liabilities: $488 million
The CareSource Foundation holds a Four-Star rating with a 96% score based on Accountability & Finance metrics.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,781,857,674 | $3,545,839,148 | $1,013,140,667 |
| Revenue | $1,514,731,827 | $2,546,732,879 | $360,633,144 |
| Expenses | $1,272,933,992 | $1,380,461,409 | $28,890,756 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $136,541,643 | $1,272,038,863 | $296,178,447 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
- Erhardt Preitauer: Runs The CareSource Foundation
- CareSource employs 5,303 people as of 2023
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Erhardt Preitauer | President & CEO, Director | 15 | $6,076,721 |
| Lawrence Smart | CFO, Treasurer | 15 | $1,657,234 |
| Richard Topping | Secretary (to 5/31) | 15 | $2,659,280 |
| Scott Markovich | EVP Markets & Products | 15 | $1,702,416 |
| Sanjoy Musunuri | EVP Strategy & Bus Dev | 15 | $1,641,628 |
| David Williams | EVP & Chief Medical Ofr | 15 | $1,571,414 |
| Devon Valencia | Chief Information Officer | 45 | $1,422,480 |
| Jennifer Dougherty | Chief HR Officer | 45 | $1,449,812 |
| Edward Stubbers | Secretary (Eff 6/1) | 15 | $1,060,829 |
| Isaac Davidi | SVP Operations | 15 | $1,018,165 |
| Fred Schulz | Chief Operating Officer | 15 | $821,498 |
| Stephen Ringel | President Market | 1 | $1,163,559 |
| Steve Smitherman | President Market | 1 | $1,029,377 |
| Taira Kelley | SVP Growth (to 7/12) | 15 | $1,368,593 |
| Jenny Michael | SVP Advocacy (to 4/1) | 15 | $1,113,036 |
| Anthony Principi | Chairman | 10 | $280,000 |
| Edward Thomas Brodmerkel | Vice Chairman | 8 | $210,000 |
| David Miller | Director | 8 | $170,000 |
| Craig Brown | Director | 8 | $160,000 |
| Thomas Edwards | Director | 8 | $160,000 |
| Thomas Kelly | Director | 8 | $160,000 |
| Linda Willett | Director | 8 | $150,000 |
| Anthony Winns | Director | 8 | $150,000 |
| Jai Pillai | Former Chief Operating Ofr | — | $244,761 |
Recent News & Activity
Recent developments and announcements
The CareSource Foundation hosts an annual Hearts for Hope event supporting the Foundation's efforts. The 2025 event featured multiple sponsorship tiers including MVP, All-Star, Hall of Fame, Game Changer, Champion, and Friends of the Foundation sponsors.
CareSource Foundation Invests $300,000 in Community Health ...Recent grant initiatives include the Community Health Innovation Grant Challenge and workforce development grants, such as support for behavioral health workforce elevation in Ohio through Integrated Services.
CareSource Foundation Invests $300,000 in Community Health ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does CareSource fund?
CareSource's mission centers on making a lasting difference in members' lives by improving their health and well-being. The organization offers services for Medicaid, Medicare, and Federal Exchange members. The CareSource Foundation, established in 2006, focuses on the following priority areas: • Support health education and promote healthy habits • Improve maternal, infant and child health • Support individuals with disabilities and other complex populations to live independently • Eliminate p…
How do I apply for a grant from CareSource?
Since 2006, The CareSource Foundation has awarded more than $35.5 million to nonprofits (with some sources indicating over $39 million in total awards). **Financial Overview:** • Total assets: $1,053,870 (2024) • Total giving: $3,145,400 (2024) • Total revenues: $3,680,093 (2024) • Total expenses: $3,421,600 (2024) **Grant Characteristics:** • Typical award range: $6,000–$332,940 • The Foundation invests in initiatives and organizations that improve the health and well-being of CareSource's mem…
Where does CareSource make grants?
The CareSource Foundation's grant-making focuses primarily on Ohio, North Carolina, and Georgia, with recent expansion into Nevada.
What is CareSource's EIN?
CareSource's EIN (Employer Identification Number) is 31-1703368. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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