Health Plan Of Careoregon Inc
- Assets
- $112.8m
- Revenue
- $220.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 07/2017
- Data as of
- 12/2021
- 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 12/2021, Health Plan Of Careoregon Inc generated $220.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $223.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 years. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn S Rodriquez Board Chairman | OfficerTrustee | 1 | $0 |
Susan M Hennessy Board Vice Chairman | OfficerTrustee | 1 | $0 |
Eric C Hunter Ceo, President & Board Of Director | OfficerTrustee | 6.21 | $0 |
Erin D Fair Chief Strategy Officer, Bd Sec Thru 6/21 | Officer | 5.88 | $0 |
Jeremiah Rigsby Chief Of Staff & Secretary | Officer | 7.18 | $0 |
Teresa K Learn Cfo, Board Treasurer | Officer | 6.33 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carrie Duffey Broker Commission By Fte | 12/30/21 | $519,008 |
Giftango Llc Distributing Gift Cards As An Incentive | 12/30/21 | $22,234,172 |
Purfoods Meals Services | 12/30/21 | $282,133 |
Steven Pearse Individual/sole Proprietorship, Commissi | 12/30/21 | $203,323 |
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 | $218,129,991 |
| Investment income | $1,555,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,197,809 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,883,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $691,768 |
| Compensation of current officers, directors, key employees. | $266,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,140,443 |
| Pension plan accruals and contributions | $1,198,244 |
| Other employee benefits | $1,717,769 |
| Payroll taxes | $850,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,840 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,152 |
| Fees for services: Other | $5,814,943 |
| Advertising and promotion | $3,699 |
| Office expenses | $536,518 |
| Information technology | $239,434 |
| Royalties | $0 |
| Occupancy | $90 |
| Travel | $27 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $635 |
| Interest | $543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,066,290 |
| Total functional expenses | $223,849,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,511,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,592,042 |
| 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 | $28,350,855 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $59,190,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,055 |
| Total assets | $112,759,988 |
| Accounts payable and accrued expenses | $3,675,620 |
| 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 | $53,223,721 |
| Total liabilities | $56,899,341 |
| Net assets without donor restrictions | $55,860,647 |
| 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 | $112,759,988 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps Health Plan Services Inc San Diego, CA | $139,795,375 | $826,602,498 |
Western Health Advantage Sacramento, CA | $64,316,752 | $677,026,958 |
Sutter Health Plan Sacramento, CA | $169,138,076 | $619,408,553 |
Health Plan Of Careoregon Inc Portland, OR | $112,759,988 | $220,883,468 |
Childrens Hospital Los Angeles Medical Group Inc Los Angeles, CA | $101,677,661 | $233,357,504 |
Covenant Medical Group Renton, WA | $85,719,045 | $175,229,421 |
Aspire Health Plan Monterey, CA | $18,926,964 | $76,415,009 |
Aocds Medical Benefits Trust Santa Ana, CA | $48,989,840 | $75,173,933 |
Washington Township Medical Foundation Fremont, CA | $11,186,588 | $49,801,998 |
Teton Valley Health Care Inc Driggs, ID | $19,138,827 | $28,172,165 |
University Of Nevada School Of Med Multispecialty Group Practice Nort Reno, NV | $4,763,933 | $16,309,444 |
Pomona Community Health Center Pomona, CA | $7,919,334 | $13,089,731 |