Careoregon Inc
- Assets
- $689.1m
- Revenue
- $1.7b
- Investments
- $0.0
- Employees
- 1,233
- Location
- Portland, OR
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 93-0933975
Organization Overview
Careoregon Inc is located in Portland, OR. The organization was established in 1989. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Careoregon Inc employed 1,233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2020, Careoregon Inc generated $1.7b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.6b during the year ending 12/2020. While expenses have increased by 11.4% per year over the past 6 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.
Since 2014, Careoregon Inc has awarded 458 individual grants totaling $31,321,153. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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
OREGON HEALTH PLAN (MEDICAID) PROGRAM - SEE SCHEDULE O
MEDICARE PLAN - SEE SCHEDULE O
COMMUNITY REINVESTMENT - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric C Hunter Ceo, President & Board Of Director | OfficerTrustee | 40 | $613,159 |
Amit R Shah Chief Medical Officer | Officer | 40 | $431,310 |
Douglas R Luther Sr. Medical Director, Operations | 40 | $359,490 | |
Amy L Dowd Chief Operations Officer | Officer | 40 | $346,617 |
Teresa K Learn Cfo, Board Treasurer | Officer | 40 | $327,368 |
John Bischof Medical Director - Behavioral Health | 40 | $326,626 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Technology Group Software Development And Implementations | 12/30/21 | $798,779 |
Change Healthcare Llc Software Development And Implementations | 12/30/21 | $573,728 |
Healthtrio Llc Software Development And Implementations | 12/30/21 | $495,196 |
Giftango Llc Digital Egifting - Admin & Health Manag | 12/30/21 | $480,000 |
Red Card Systems Llc Software Development And Implementations | 12/30/21 | $370,906 |
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 | $340,367 |
| Noncash contributions included in lines 1a–1f | $10,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,367 |
| Total Program Service Revenue | $1,695,413,839 |
| Investment income | $9,147,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,910 |
| Net Gain/Loss on Asset Sales | $320,237 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,720,355,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,743,081 |
| 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. | $2,500,429 |
| Compensation of current officers, directors, key employees. | $1,387,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,873,117 |
| Pension plan accruals and contributions | $6,249,333 |
| Other employee benefits | $31,528,625 |
| Payroll taxes | $13,417,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215,657 |
| Fees for services: Accounting | $243,800 |
| Fees for services: Lobbying | $30,684 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $685,486 |
| Fees for services: Other | $17,215,049 |
| Advertising and promotion | $1,010,028 |
| Office expenses | $2,336,797 |
| Information technology | $9,288,433 |
| Royalties | $0 |
| Occupancy | $2,510,221 |
| Travel | $190,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $335,586 |
| Interest | -$63,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,409,080 |
| Insurance | $230,565 |
| All other expenses | $15,335,967 |
| Total functional expenses | $1,623,207,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386 |
| Savings and temporary cash investments | $153,499,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,087,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,710,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,597,309 |
| Net Land, buildings, and equipment | $16,766,181 |
| Investments—publicly traded securities | $453,466,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,010,255 |
| Total assets | $689,139,364 |
| Accounts payable and accrued expenses | $56,976,460 |
| Grants payable | $0 |
| Deferred revenue | $688,637 |
| 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 | $187,109,085 |
| Total liabilities | $244,774,182 |
| Net assets without donor restrictions | $443,806,309 |
| Net assets with donor restrictions | $558,873 |
| 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 | $689,139,364 |
Grants Awarded
Over the last fiscal year, Careoregon Inc has awarded $9,942,381 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: 10 YEAR COLLABORATIVE AGREEMENT | $2,020,000 |
Medford, OR PURPOSE: BH WORKFORCE SUPPORT | $679,642 |
Medford, OR PURPOSE: EMERGENCY RELIEF GRANT | $600,000 |
CLACKAMAS COUNTY PURPOSE: WELLNESS2021AF GRANT | $529,000 |
Portland, OR PURPOSE: EMERGENCY RELIEF GRANT | $404,000 |
OREGON HEALTH AND SCIENCES UNIVERSITY PURPOSE: WORKFORCE RESOURCE/EMERGENCY RELIEF GRANT | $377,054 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Careoregon Inc has recieved totaling $71,078.
| Awarding Organization | Amount |
|---|---|
Ocf Joseph E Weston Public Foundation Portland, OR PURPOSE: Physical Health | $71,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
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 |