Health Plan Of Careoregon Inc
- Assets
- $107.0m
- Revenue
- $318.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 46-3264330
Organization Overview
Health Plan Of Careoregon Inc is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Plan Of Careoregon Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Health Plan Of Careoregon Inc generated $318.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $316.7m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND PARTNER TO CREATE QUALITY AND EQUITY IN INDIVIDUAL AND COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICARE PLAN - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damien R Hall Board Chair | OfficerTrustee | 1 | $0 |
Susan M Hennessy Board Vice Chair | OfficerTrustee | 1 | $0 |
Kerry Barnett Board Of Director | Trustee | 1 | $0 |
Andrew Mcculloch Board Of Director | Trustee | 1 | $0 |
Glenn S Rodriquez Board Of Director | Trustee | 1 | $0 |
Brenda I Johnson Board Of Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Launchpoint Ventures Llc Software Development | 12/30/23 | $309,242 |
Steven Pearse Broker Commission | 12/30/23 | $276,645 |
Carrie Duffey Broker Commission | 12/30/23 | $857,359 |
Purfoods Post-discharge Meal Delivery Services | 12/30/23 | $337,031 |
Steven Richards Broker Commission | 12/30/23 | $233,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $315,815,096 |
| Investment income | $2,810,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,625,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $930,122 |
| Compensation of current officers, directors, key employees. | $395,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,599,038 |
| Pension plan accruals and contributions | $1,968,263 |
| Other employee benefits | $3,249,661 |
| Payroll taxes | $1,685,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,939 |
| Fees for services: Other | $10,610,492 |
| Advertising and promotion | $83,421 |
| Office expenses | $816,879 |
| Information technology | $476,616 |
| Royalties | $0 |
| Occupancy | $6,179 |
| Travel | $25,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,019 |
| Interest | $449,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,891,501 |
| Total functional expenses | $316,700,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,343,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,677,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,404,073 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $70,657,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,946,546 |
| Total assets | $107,028,876 |
| Accounts payable and accrued expenses | $741,390 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,176,799 |
| Total liabilities | $58,918,189 |
| Net assets without donor restrictions | $48,110,687 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,028,876 |