#54 of 500 · Health Plan / Insurer

Caresource

EIN 31-1703368 · OH · NTEE E110 · Form 990, fiscal 2023

A nonprofit managed care organization headquartered in Dayton, Ohio. It administers publicly funded health coverage, including Medicaid, Medicare, and Health Insurance Marketplace plans, coordinating medical, behavioral, and related benefits for its members. Originally focused on Medicaid in Ohio, it is one of the largest Medicaid managed care plans in the United States and operates across multiple states.

Financials, fiscal 2023

Revenue

$2.55B

Expenses

$1.38B

Total assets

$3.55B

Net assets

$2.93B

Operating margin

45.8%

1-year growth

606.2%

5-year growth (CAGR)

10.5%

Reserve (years of spending)

25.5

Contributions share

0.0%

Programme spending

50.0%

Fundraising cost

n/a

Executive pay share

2.61%

Employees

5,303

Revenue per employee

$480K

Grants paid

$15.8M

Years filing

20

NFP Health Score: 85 / 100

Financial 89 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To make a lasting difference in our members' lives by improving their health and well-being.

Revenue history