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Nonprofit · EIN 32-0121856

CARESOURCE INDIANA INC

Tax-exempt · INDIANAPOLIS, IN 46204

Financials

$1.2B$1.1B2023$1.3B$1.3B2024
Revenue Expenses · by fiscal year end
Financials of CARESOURCE INDIANA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,324,786,071$1,304,987,103$19,798,968$437,371,962$281,190,899$156,181,063
December 31, 2023990$1,218,667,752$1,112,999,592$105,668,160$463,855,622$303,059,245$160,796,377
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,309,520,427
Investment income
$15,265,644
Net gain from sales of assets
$28,459
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$382,130
Accounting fees
$48,124
Occupancy
$2,612,371
Travel
$668,861
Program services (functional)
$1,147,270,796
Management and general (functional)
$157,716,307

Balance sheet and other

Total assets, start of year
$463,855,622
Total assets, end of year
$437,371,962
Total liabilities, end of year
$281,190,899
Net assets, end of year
$156,181,063
Publicly traded securities
$207,408,167
Net assets without donor restrictions
$156,181,063
Gross receipts
$2,678,091,325
Employees
0
Volunteers
0
Year formed
2004
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Erhardt PreitauerChair/Director
Trustee or director, Officer
8$0$6,076,721$6,124,441
Richard ToppingSecretary (To 5/31)
Officer
8$0$2,659,280$831,276
Lawrence SmartCFO, Treasurer/Director
Trustee or director, Officer
8$0$1,657,234$1,813,852
Edward StubbersSecretary (Eff 6/1)
Officer
8$0$1,060,829$1,137,246
Stephanie WilliamsAssistant Treasurer
Officer
10$0$936,707$1,020,408
Steve SmithermanPresident/Director
Trustee or director, Officer
59$0$1,029,377$431,714
Jai PillaiFormer Chief Operating Ofr
Former
0$0$244,761$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Erhardt PreitauerPres/CEO to 4/23 then Chr/Dir
Trustee or director, Officer
8$0$7,982,382$4,047,739
Richard ToppingSecretary (Eff 5/23)
Officer
8$0$2,429,434$942,437
Lawrence SmartCFO, Treasurer/Dir (Eff 5/23)
Trustee or director, Officer
8$0$2,282,374$712,492
Scott MarkovichDirector (To 5/23)
Trustee or director
8$0$2,046,512$861,652
Jai PillaiChief Operating Ofr (To 4/23)
Officer
8$0$1,975,288$15,770
Steve SmithermanPresident (Eff 5/23), Director
Trustee or director, Officer
59$0$1,087,503$550,961
Stephanie WilliamsDir (To 4/23) then Asst Treas
Trustee or director, Officer
10$0$874,375$548,452
Daniel McCabeFormer Chief Admin Officer
Former
0$0$140,542$0
William Coffin JrFormer VP Mkt Finance/Director
Former
0$0$24,304$0

Address and contacts

Address (IRS master file)
251 N ILLINOIS ST STE 300, INDIANAPOLIS, IN 46204-1929
In care of
% JANET FERNANDES
Principal officer (990 for 2024)
Steve Smitherman, Same as C above, Dayton, OH 45401
Signed the 990
Lawrence Smart, CFO
Phone
(937) 224-3300
Return prepared by
RSM US LLP

Mission

CareSource Indiana, Inc.'s mission is to make a lasting difference in members' lives by improving their health and well-being. The organization's vision is to transform lives through innovative health and life services. (continued on Schedule O)CareSource Indiana, Inc. is a health maintenance organization licensed by the state of Indiana and serves members through Marketplace, Medicaid, Healthy Indiana, and Hoosier Healthwise Plans.

990 for the year ended December 31, 2024

Program accomplishments

  • CareSource Indiana, Inc. ("CSIN") is a nonprofit organization established under the state law of Indiana. On February 2, 2007, CSIN received a determination letter from the Internal Revenue Service, recognizing CSIN as an organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, effective as of the date of CSIN's formation. CSIN is a member of the CareSource group of nonprofit tax-exempt organizations (the "CareSource Public Charities"). (Continued on Schedule O)The sole member of the CareSource Public Charities is CareSource, an Ohio nonprofit corporation that is tax-exempt under section 501(c)(3) of the Internal Revenue Code of 1986 (the "Code"). The CareSource Public Charities' primary activity for the last three decades has been to provide nonprofit Medicaid, Medicare, and Marketplace health maintenance organization ("HMO") services.As a mission-driven organization, CSIN follows the guidance of the CareSource Public Charities and is focused on transforming health care with innovative programs that address the social determinants of health, health equity, prevention and access to care. CSIN has served Hoosiers since 2016 with CareSource Marketplace plans. In 2017, CSIN was selected to serve Healthy Indiana Plan ("HIP") and Hoosier Healthwise ("HHW") Members. Since then, the health plan has launched a number of innovative programs including the CareSource Re-entry Program to ensure the successful transition of justice-involved individuals back into communities, as well as initiatives to remove barriers to health care, housing, employment, and maternal and infant health and to improve health equity.The State of Indiana requires all Medicaid plans to offer certain benefits, however, we offer so much more. Members enrolled in our CSIN plans have access to the following services:(1) Life Coaches who work with Members to connect them to community resources, provide support with educational & employment goals, and help coordinate rides to non-medical appointments in the community,(2) CareSource24, nurse advice line, (3) Care managers who can assist with housing, medical equipment, utilities and other urgent basic needs,(4) Rewards programs for all Members,(5) A free message three times per week, timed to the due date or baby's birth date, through pregnancy and up until the baby's first birthday,(6) One-on-one medication review and consultation with the pharmacist to ensure medications are appropriate and safe,(7) Telemedicine access to a doctor using a phone or computer, (8) CareSource mobile app for access to Member ID card, "how-to" videos and a quick search for doctors, and (9) Programs for asthma, ADHD, addiction, autism, behavioral health, chronic kidney disease and more.2024 Highlights:(1) CSIN supported the Bowen Health Clinic's Empowerment Art Competition, which awarded scholarship money to students at Fort Wayne's Northrop High School who created artwork which will be displayed at Bowen Clinic locations.(2) CSIN expanded our Bumps and Babies Fair to 8 locations across the state, connecting pregnant women and new families to critical resources to help them and their families live better lives.(3) CSIN worked with The City League and John Boner Centers in Indianapolis to launch a Health, Job, and Resource Fair connecting the community to resources just in time for Back To School.(4) CSIN supported Back To School events all across the state, including at La Casa De Amistad, Westminster Neighborhood Services, John Boner Center, Shalom Healthcare Center, Shepherd Community Center, Covering Kids and Families and more.(5) CSIN worked with partners at Indiana Pacers, Indianapolis Colts, Indiana University, Gary Railcats, South Bend Cubs, Fort Wayne Komets, Fort Wayne Tin Caps, and Indy Eleven to sponsor various programming that supports underserved populations. These included youth camps, reading programs, school field trips, and more.(6) CSIN hosted several vaccination events across the state, helping to prevent the spread of Covid, Flu, MMR, and other communicable diseases.
    Expenses $1,147,270,796 · revenue $1,309,520,427

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
32-0121856
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E80)
Assets (IRS master file)
$437,371,962
Income (IRS master file)
$2,678,091,325

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,324,786,071$1,304,987,103$437,371,962XML
990December 2023$1,218,667,752$1,112,999,592$463,855,622XML
990December 2022$1,036,113,607$1,049,992,612$478,256,817IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0121856).

Questions about CARESOURCE INDIANA INC

What is the EIN of CARESOURCE INDIANA INC?
The employer identification number (EIN) of CARESOURCE INDIANA INC is 32-0121856.
Is CARESOURCE INDIANA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to CARESOURCE INDIANA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARESOURCE INDIANA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CARESOURCE INDIANA INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CARESOURCE INDIANA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CARESOURCE INDIANA INC?
The 990 for the year ended December 31, 2024 names Steve Smitherman.
Who are the officers and directors of CARESOURCE INDIANA INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does CARESOURCE INDIANA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,324,786,071, expenses of $1,304,987,103 and total assets of $437,371,962 at year end.

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