Civic Intelligence

Elevance Health Cares Inc

EIN 83-1172556 • 501(c)3 • Indianapolis, IN

Profile

Elevance health cares, inc. Is organized and operated exclusively to conduct, support, encourage, and assist charitable, educational, and other programs and projects. See schedule o.

220 Virginia AvenueIndianapolis, IN 46204

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

8.6%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

26%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,767,030

Up $456,492 (+8.6%) from 2023

Liabilities

Down

$59,303

Down $47,274 (-44%) from 2023

Net Assets

Up

$5,707,727

Up $503,766 (+9.7%) from 2023

Revenue

Up

$1,798,807

Up $368,021 (+26%) from 2023

Expenses

Up

$1,403,967

Up $350,765 (+33%) from 2023

Net Income

Up

$394,840

Up $17,256 (+4.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2018: $839,163Liabilities 2018: $0Net Assets 2018: $839,1632018Assets 2019: $1,166,793Liabilities 2019: $0Net Assets 2019: $1,166,7932019Assets 2020: $3,162,069Liabilities 2020: $24,153Net Assets 2020: $3,137,9162020Assets 2021: $4,313,771Liabilities 2021: $29,111Net Assets 2021: $4,284,6602021Assets 2022: $4,757,377Liabilities 2022: $22,405Net Assets 2022: $4,734,9722022Assets 2023: $5,310,538Liabilities 2023: $106,577Net Assets 2023: $5,203,9612023Assets 2024: $5,767,030Liabilities 2024: $59,303Net Assets 2024: $5,707,7272024

Highlighted filing

2024

Assets$5,767,030
Liabilities$59,303
Net Assets$5,707,727

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2018: $849,857Expenses 2018: $10,694Net Income 2018: $839,1632018Revenue 2019: $457,989Expenses 2019: $130,359Net Income 2019: $327,6302019Revenue 2020: $2,373,577Expenses 2020: $412,403Net Income 2020: $1,961,1742020Revenue 2021: $1,425,402Expenses 2021: $295,153Net Income 2021: $1,130,2492021Revenue 2022: $1,015,530Expenses 2022: $460,270Net Income 2022: $555,2602022Revenue 2023: $1,430,786Expenses 2023: $1,053,202Net Income 2023: $377,5842023Revenue 2024: $1,798,807Expenses 2024: $1,403,967Net Income 2024: $394,8402024

Highlighted filing

2024

Revenue$1,798,807
Expenses$1,403,967
Net Income$394,840

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.1
Gross Receipts
$1,798,807
Mission and Program Overview

Mission

Elevance health cares, inc. Is organized and operated exclusively to conduct, support, encourage, and assist charitable, educational, and other programs and projects. See schedule o.

Elevance Health CARES was created for associates by associates as a way to support them in times of personal hardship and disaster. Elevance Health CARES provides essential assistance during some of life's most challenging moments through several signature programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,070,296$3,192,963▼ $1,877,333
Savings and Temporary Cash Investments$0$2,205,110▲ $2,205,110
Pledges and Grants Receivable$130,276$330,290▲ $200,014
Cash and Non-Interest-Bearing Accounts$109,966$38,667▼ $71,299
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$5,310,538$5,767,030▲ $456,492
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$106,577$59,303▼ $47,274
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$106,577$59,303▼ $47,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,425,298$3,792,010▲ $1,366,712
Net Assets With Donor Restrictions$2,778,663$1,915,717▼ $862,946
Total Net Assets Fund Balance$5,203,961$5,707,727▲ $503,766
Total Liabilities and Net Assets / Fund Balance$5,310,538$5,767,030▲ $456,492
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lance R ChrismanBoard of Directors Chair
Maggie T BowdenPresident
Leah M BirkVice President
Katie HeenanBoard of Directors
Taylor RhodesExecutive Director (BEG 02/2024)
Michael LockardExecutive Director (end 01/2024)
Sara R SchlugeAssistant Secretary
Eric K NobleAssistant Treasurer
Kathleen S KieferSecretary
Vincent E ScherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,559,955
Program Service Revenue
$0
Investment Income
$238,852
Other Revenue
$0
All Other Contributions
$764,955
Change in Net Assets
$394,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,798,594
Revenue Not Reported on Financial Statements
$213
Revenue Not Reported on Form 990
$136,338
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,934,932
Total Revenue per Form 990
$1,798,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,156,978
Other Expenses$246,989
Total Fundraising Expense$69,444
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,114,978--$1,114,978
Fees for Services Management$95,569$49,364$57,382$202,315
Grants to Domestic Individuals$39,000--$39,000
Fees for Services Other$0$16,657$12,062$28,719
Fees for Services Accounting-$9,634-$9,634
Insurance-$6,108-$6,108
Foreign Grants$3,000--$3,000
Fees for Service Investment Mgmnt Fees-$213-$213
Total Functional Expenses$1,252,547$81,976$69,444$1,403,967

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,431,166
Total Expenses per Form 990$1,403,967
Expenses per Audited Statements$1,403,754
Expenses Not Reported on Form 990$27,412
Expenses Not Reported on Financial Statements$213
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Emergency Assistance FoundationWest Palm Beach, FL501(c)(3)-$1,100,000
International Association of Lions ClubOak Brook, IL501(c)(3)-$8,028
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

LANCE R. CHRISMAN, MAGGIE T. BOWDEN, LEAH M. BIRK, VINCENT E. SCHER, SARA R. SCHLUGE, ERIC NOBLE, TAYLOR RHODES, KATIE HEENAN, AND KATHLEEN S. KIEFER - Business relationship

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization answered question 8b no because there were no committees during 2024 acting on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The assistant secretary collects all information needed to complete form 990 and reviews the completed return. Once the form has been reviewed and finalized, the 990 is made available to the board prior to filing with the irs. The form 990 is also reviewed by an independent accounting firm.

Form 990, Part VI, Line 12C Conflict of interest policy

The board of directors may require the organization's directors, officers, or employees to complete annually (or as otherwise required by the board) a disclosure statement regarding any actual or potential conflict of interest described in the bylaws. The disclosure statement shall be in such a form as may be prescribed by the board and may include information regarding a person's participation as a director, officer, or employee of any other nonprofit organization. The board of directors shall be responsible for oversight of all disclosures or failures to disclose and to take appropriate action in the case of any actual or potential conflict of interest transaction. The failure of the organization, its board of directors, or any or all of its directors, officers, or employees to comply with the conflict of interest provisions of these bylaws shall not invalidate, cancel, void, or make voidable any contract, relationship, action, transaction, debt, commitment, or obligation of the corporation that otherwise is valid and enforceable under applicable.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The compensation of the executive director was determined by the related organization elevance health inc.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII, Section A COMPENSATION OF OFFICERS AND DIRECTORS

The organization does not directly compensate officers and directors of the board. The individuals are compensated by the related organization and the organization will make the officers compensation available upon request. The organization does pay a management fee to the related organization which does includes compensation for the executive director and other employee.

Filing and Contact Details

Filer

Filer Name
Elevance Health Cares Inc
EIN
83-1172556
Phone
3174886000
Address
220 VIRGINIA AVENUE, INDIANAPOLIS, IN 46204

Signing Officer

Name
Sara Schluge
Title
Director
Phone
3174886000
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
In
Voting Board Members
4
Independent Board Members
0
Employees
2
Volunteers
11

Preparer

Firm
Forvis Mazars LLP
Address
820 Massachusetts Ave Suite 1370, Indianapolis, IN 46204
Preparer
Nicole Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 9,978 including grants of $ 9,978)(Revenue $ 0) The Elevance Health CARES community grants program provides pre-positioned, emergency response funding and programmatic support of disaster relief efforts.

Form 990, Part V, Line 2A NUMBER OF EMPLOYEES

One elevance health cares inc. Employee is paid through a common paymaster. Elevance health inc. (ein: 35-2145715) is the common paymaster. Elevance health inc. Files all required federal employment tax returns, which includes the one elevance health cares inc. Employee.

Financial Statement Notes

Schedule D, Part X, Line 2 ASC 740 DISCLOSURE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/MissionDesc0Elevance Health CARES was created for associates by associates as a way to support them in times of personal hardship and disaster. Elevance Health CARES provides essential assistance during some of life's most challenging moments through several signature programs.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0TAYLOR RHODES
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Elevance Health CARES Memorial Scholarship Fund is a program to assist surviving children of Elevance Health inc. associates who have lost their lives during their time of employment.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt042000
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IRS990/ProgSrvcAccomActy3Grp/Desc0ELEVANCE HEALTH CHAMPIONS HELP TO BUILD AWARENESS AND MAKE DONATIONS TO HEALTH-RELATED TAX-EXEMPT ORGANIZATIONS AND PROGRAMS ACROSS THE COUNTRY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0The Elevance Health CARES community grants program provides pre-positioned, emergency response funding and programmatic support of disaster relief efforts.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 ASC 740 DISCLOSURE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ELEVANCE MEMORIAL SCHOLARSHIP GRANTS

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