Caresource Georgia Co
- Assets
- $549.1m
- Revenue
- $1.6b
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 47-2408339
Organization Overview
Caresource Georgia Co is located in Dayton, OH. The organization was established in 2017. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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 Georgia Co 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 12/2023, Caresource Georgia Co generated $1.6b in total revenue. All expenses for the organization totaled $1.5b during the year ending 12/2023. While expenses have increased by 140.0% 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
2023
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 GEORGIA CO. IS A NONPROFIT HMO LICENSED BY THE STATE OF GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARESOURCE GEORGIA CO. ("CSGA ") IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE STATE LAWS OF GEORGIA. ON JULY 18, 2017, CSGA RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, RECOGNIZING CSGA AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EFFECTIVE AS OF THE DATE OF CSGA'S FORMATION. CSGA IS A MEMBER OF THE CARESOURCE GROUP OF NONPROFIT TAX-EXEMPT ORGANIZATIONS (THE "CARESOURCE PUBLIC CHARITIES"). (CONTINUED ON SCHEDULE O)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erhardt Preitauer Pres/ceo To 4/23 Then Chr/dir | OfficerTrustee | 8 | $0 |
Richard Topping Secretary (eff 5/23) | Officer | 8 | $0 |
Lawrence Smart Cfo, Treasurer/dir (eff 5/23) | OfficerTrustee | 8 | $0 |
Scott Markovich Director (to 4/23) | Trustee | 8 | $0 |
Jai Pillai Chief Operating Ofr (to 4/23) | Officer | 8 | $0 |
Jason Bearden Dir (to 4/23), Pres (eff 5/23) | OfficerTrustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Superior Vision Services Inc Medical Services | 12/30/23 | $3,512,222 |
Express Scripts Inc Pharmacy Services | 12/30/23 | $166,718,287 |
Scion Dental Medical Services | 12/30/23 | $60,465,838 |
National Imaging Associates Inc Medical Services | 12/30/23 | $961,977 |
Georgia Department Of Public Health Medical Services | 12/30/23 | $1,519,284 |
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 | $1,593,070,521 |
| Investment income | $15,651,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$188,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,608,533,529 |
| 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 | $509,373 |
| Fees for services: Accounting | $430,569 |
| Fees for services: Lobbying | $41,729 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $181,163 |
| Fees for services: Other | $30,221,604 |
| Advertising and promotion | $5,449,863 |
| Office expenses | $6,056,328 |
| Information technology | $19,416,596 |
| Royalties | $0 |
| Occupancy | $4,033,000 |
| Travel | $766,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,056,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $763,645 |
| All other expenses | $13,281,845 |
| Total functional expenses | $1,481,484,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,001,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,867,960 |
| 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 | $160,533 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $113,067,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $549,096,937 |
| Accounts payable and accrued expenses | $214,622,434 |
| Grants payable | $0 |
| Deferred revenue | $118,667,267 |
| 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 | $14,344,899 |
| Total liabilities | $347,634,600 |
| Net assets without donor restrictions | $201,462,337 |
| 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 | $549,096,937 |