Caresource Management Group Co

“The Form 990 was provided to the following individuals for review prior to the time of filing: The organization's Audit Committee and each voting member of the governing body; the CEO, CFO, and VP Treasury; the internal Tax Department and an outside CPA firm; and internal general counsel and outside legal counsel.”

“Annually, each director, principal officer, and member of a committee with board-delegated powers ("interested person") shall confirm that they have received a copy of the CareSource Conflicts of Interest policy and have read, understood, and agree to comply with the policy. Interested Persons have an obligation to immediately report any Conflicts of Interest (including any relationships, positions, or circumstances that could contribute to a Conflict of Interest). All relevant information reported through the Conflict-of-Interest Policy will be sent to the Chairman of the Board for review. If the Interested Person with the Conflict of Interest is the Chairman of the Board, then the required disclosure must be provided to the Chief Legal Officer of CareSource. If it is not entirely clear whether a Conflict of Interest exists, then the person with the potential conflict must disclose the circumstances to CareSource's Chief Legal Officer. The Chief Legal Officer will consult with the Corporation's Corporate Compliance Officer or the Chairman of the Board to determine whether there exists a Conflict of Interest that is subject to this policy. Before Board action or other action by CareSource on a Transaction that involves a Conflict of Interest, an Interested Person who knows he or she has a Conflict of Interest must have disclosed to the Board all facts material to the Conflict of Interest. The Chairman of the Board may postpone Board or other corporate action on a Transaction until the Interested Person provides written information relating to the Conflict of Interest. An Interested Person who knows he or she has a Conflict of Interest must not participate in the Board's discussion of the Transaction except to disclose material facts and respond to questions. The Interested Person must not attempt to influence the Board's action on the Transaction, either at or outside the meeting. Prior to voting, the Board must be given an opportunity to discuss the Transaction without the person who has the Conflict of Interest being present. A Transaction involving a Conflict of Interest may be approved by the Board of CareSource if the material facts as to the Transaction and the Conflict of Interest are fully disclosed or known to the Board and the Board in good faith determines after reasonable investigation that (a) the Board is aware of all material facts concerning the Transaction and the Interested person's interest in the Transaction; (b) CareSource is entering into the Transaction for its own benefit; (c) the Transaction is fair and reasonable as to CareSource; and (d) CareSource could not have obtained a more advantageous arrangement with reasonable effort under the circumstances. The Person with the Conflict of Interest must not vote on the Transaction and must not be present in the room when the vote is taken.”

“The compensation committee consists of board members who are independent. The compensation committee establishes the company's general compensation philosophy and oversees and approves the development, adoption, and implementation of compensation plans and programs for the company's officers and executives. The compensation committee receives a report of comparability data prepared by an independent compensation consultant surveying data for comparable organizations' reasonable compensation. The comparability data is presented to the independent board members in a written document in advance of the meeting, and the independent comparability study is presented by the author of the study during the course of the meeting. Additionally, the minutes of each meeting are prepared, distributed, and approved at the next regularly scheduled compensation committee meeting. The compensation consultant does no other business with the CareSource Family of Companies other than determining the reasonableness of compensation and consulting on the compensation plan design. At least annually, the compensation committee assesses the work of the compensation consultants.”

“CareSource's ("the Company") Form 1023 is available for public inspection upon request, and Form 990 is available for public inspection upon request in accordance with IRC Section 6104(d). The Company's Form 990 is also available on the U.S. nonprofit database website at www.guidestar.org. The Company does not make its audited financial statements available to the public. The Company's articles of incorporation are available on the Ohio Secretary of State's website at www.sos.state.oh.us.”

“A copy of Form 990 is not required to be filed with the state of Ohio. CareSource does, however, file the Ohio Annual Report with the Ohio Attorney General. Therefore, Ohio is listed on Form 990, Part VI, Section C, Question 17.”

“The supported organizations operate consistently within section 501(c)(3) of the Internal Revenue Code ("IRC") and are classified as public charities. CareSource, as a supporting organization, provides strategic oversight to CareSource Ohio, Inc., CareSource Indiana, Inc., CareSource Kentucky Co., CareSource Georgia Co., CareSource West Virginia Co., and CareSource Life Services Co (Dissolved 11/15/24). The company operates as a policy-making supporting organization for the supported organizations and conducts activities consistent with such purpose. The company's supported organizations offer a variety of insurance products in multiple markets across numerous geographical markets. Most offerings relate to Medicaid, Medicare, or the Healthcare Exchange.”

“Consulting Fees: Program service expenses 190,278,045. Management and general expenses 0. Fundraising expenses 0. Total expenses 190,278,045.”

“Changes in net assets for related entities 260,161,061. Other Comprehensive Income - Mark to Market Adj -1,472,032.”