Overview
What is Caresource West Virginia Co?
Caresource West Virginia Co, also known as CSWV, is a nonprofit organization, legally established in West Virginia. Founded with the mission to make a lasting difference in people's lives, CSWV focuses on improving the health and well-being of its members. As a nonprofit Health Maintenance Organization (HMO), licensed by the State of West Virginia, CSWV operates under Section 501(c)(3) of the Internal Revenue Code, exempting it from federal income tax since its inception. The organization's vision is to transform lives through innovative health and life services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Caresource West Virginia Co has received a rating of 64%, which reflects a two-star designation indicating that there are notable areas for improvement within the organization. While the nonprofit demonstrates strong financial oversight with a perfect score for its audit and oversight committee and no material diversion of assets, it faces significant challenges regarding board independence and transparency.
The organization lacks independent board members, scoring 0% in that category, which raises concerns about governance and accountability. Additionally, Caresource West Virginia Co's website is missing critical financial documentation, including its tax form, which further limits transparency. Despite these issues, the nonprofit maintains a commendable program expense ratio of 84.15%, indicating a strong commitment to its mission-driven activities.
Overall, while Caresource West Virginia Co shows effectiveness in program spending and has implemented proper policies for conflict of interest and whistleblower protections, it must address its governance structure and improve its financial transparency to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Caresource West Virginia Co legitimate?
Caresource West Virginia Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caresource West Virginia Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Caresource West Virginia Co?
Caresource West Virginia Co is a non-profit organization dedicated to making a significant impact on the lives of its members by enhancing their health and overall well-being. With a mission to make a lasting difference, the organization aims to transform lives through innovative health and life services. Established under state law, Caresource West Virginia Co received federal tax-exempt status in 2017, allowing it to focus solely on improving the health and well-being of those it serves. By providing essential health services, the organization strives to create a positive and meaningful impact on the lives of its members.
Who is the CEO of Caresource West Virginia Co?
Erhardt Preitauer is the President & Ceo of Caresource West Virginia Co. The CEO's salary of Caresource West Virginia Co is $0 and their total compensation is $7,910,538.
What is the revenue of Caresource West Virginia Co?
Caresource West Virginia Co's revenue in 2022 was $82,246,044.
Who are the executives of Caresource West Virginia Co and what are their salaries?
Here are 9 key members and their salaries (Caresource West Virginia Co's CEO's salary is $0 and their total compensation is $7,910,538):
- Compensation: $0
- Related: $3,656,889
- Other: $4,253,649
- Compensation: $0
- Related: $1,235,514
- Other: $871,311
- Compensation: $0
- Related: $1,072,888
- Other: $998,867
- Compensation: $0
- Related: $966,866
- Other: $950,975
- Compensation: $0
- Related: $1,505,969
- Other: $14,895
- Compensation: $0
- Related: $524,391
- Other: $577,351
- Compensation: $0
- Related: $567,970
- Other: $450,179
- Compensation: $0
- Related: $524,895
- Other: $22,301
- Compensation: $0
- Related: $194,579
- Other: $0
Where can I find the form 990 for Caresource West Virginia Co?
Caresource West Virginia Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Caresource West Virginia Co
Caresource West Virginia Co, a nonprofit organization, is dedicated to making a significant difference in the lives of its members by enhancing their health and well-being. Established under the state law of West Virginia, this compassionate organization operates as a nonprofit Health Maintenance Organization (HMO), licensed by the state.
The mission of Caresource West Virginia Co is multifaceted, focusing on improving the health and well-being of its members. By transforming lives through innovative health and life services, this nonprofit aspires to leave a lasting impact on those it serves. The organization's vision goes beyond mere healthcare, striving to uplift individuals and help them reach their full potential.
Caresource West Virginia Co's commitment to its members extends beyond providing essential health services. The organization's determination to make a lasting difference is reflected in its exempt status from federal income tax under Section 501(c)(3) of the Internal Revenue Code. This recognition underscores the organization's unwavering dedication to its mission and the positive impact it has on the lives of its members.
In essence, Caresource West Virginia Co is an organization that goes above and beyond to make a significant difference in the lives of its members. Through its innovative health and life services, it strives to transform lives and leave a lasting impact.
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Impact
October, 2024
CareSource West Virginia Co significantly impacts the health and well-being of its members by providing comprehensive healthcare services tailored to their needs. The organization is dedicated to improving access to quality care, fostering healthier communities, and empowering individuals to achieve their health goals. Through innovative health and life services, CareSource works towards transforming lives, ensuring that members receive the support necessary to navigate their healthcare journey effectively. By focusing on education, prevention, and personalized care, CareSource creates a lasting difference in the lives of those it serves, contributing to overall community wellness and resilience.
This information is meant to be a general summary of Caresource West Virginia Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $520,847
- Program Service Revenue: $81,725,197
- Gross Receipts: $82,246,044
Assets and Liabilities:
- Total Assets: $47,704,956
- Total Liabilities: $43,139,701
- Net Assets: $4,565,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEDERAL HEALTH INSURANCE EXCHANGE
Revenue
$81,725,197
Organization Details
Founding Year
2015
Phone
(937) 224-3300Principal Officer
Erhardt Preitauer
Main Address
PO Box 8738, Dayton, OH, 454018738
NTEE Category
Code: E31 - Health
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