Careoregon Inc
- Assets
- $1.3b
- Revenue
- $2.5b
- Investments
- $0.0
- Employees
- 1,628
- Location
- Portland, OR
- Founding
- 06/1989
- Data as of
- 12/2023
- 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 12/2023, Careoregon Inc employed 1,628 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 12/2023, Careoregon Inc generated $2.5b in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $2.4b during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 9 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 675 individual grants totaling $116,996,333. 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
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
OREGON HEALTH PLAN (MEDICAID) PROGRAM - SEE SCHEDULE O
THE CCOS WE SUPPORT PROVIDE ACCESS FOR APPROXIMATELY 516,000 LOW-INCOME OREGONIANS. OUR WORK INVOLVES COORDINATING QUALITY HEALTH CARE FOR MEMBERS AND CONTRACTING WITH PUBLIC AND PRIVATE PROVIDERS TO PROVIDE HEALTH CARE SERVICES, INCLUDING PHYSICAL, MENTAL AND ORAL HEALTH. WE PROVIDE CUSTOMER SERVICE FUNCTIONS FOR THESE CCOS, ASSIST WITH HEALTH IMPROVEMENT PLANS FOR THE VARIOUS COMMUNITIES AND PROVIDE TECHNICAL SUPPORT FOR INFORMATION SERVICES, HUMAN RESOURCES, COMMUNICATIONS, PROCESS IMPROVEMENT AND OTHER FUNCTIONS. THESE SERVICES RESULT IN BETTER ACCESS TO QUALITY HEALTH CARE, LOWER COSTS, AND IMPROVED CARE FOR OUR MEMBERS AND FOR THE COMMUNITIES WE SERVE.
MEDICARE PLAN - SEE SCHEDULE O
COMMUNITY REINVESTMENT - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damien R Hall Board Chair | OfficerTrustee | 4 | $0 |
Susan M Hennessy Board Vice Chair | OfficerTrustee | 4 | $0 |
Kerry Barnett Board Of Director | Trustee | 4 | $0 |
Andrew Mcculloch Board Of Director | Trustee | 4 | $0 |
Glenn S Rodriquez Board Of Director (thru 03/23) | Trustee | 4 | $0 |
Brenda I Johnson Board Of Director (thru 03/23) | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Technology Group Software Development And Implementations | 12/30/23 | $1,977,913 |
Buchalter Legal And Professional Services | 12/30/23 | $1,043,418 |
Johnson Controls Fire Protection Lp Building Improvement | 12/30/23 | $652,672 |
Zelis Payment Holdings Healthcare Business Solutions | 12/30/23 | $616,685 |
Wakely Consulting Group Actuarial Services And Consulting | 12/30/23 | $578,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $849,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070,240 |
| Total Program Service Revenue | $2,449,130,145 |
| Investment income | $32,124,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,764 |
| Net Gain/Loss on Asset Sales | $686,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,483,276,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,250,689 |
| 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. | $3,952,580 |
| Compensation of current officers, directors, key employees. | $2,406,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,948,568 |
| Pension plan accruals and contributions | $10,817,818 |
| Other employee benefits | $54,981,895 |
| Payroll taxes | $20,810,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $933,293 |
| Fees for services: Accounting | $359,861 |
| Fees for services: Lobbying | $23,789 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,446,038 |
| Fees for services: Other | $35,581,936 |
| Advertising and promotion | $932,453 |
| Office expenses | $3,306,153 |
| Information technology | $17,857,278 |
| Royalties | $0 |
| Occupancy | $2,815,017 |
| Travel | $453,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $829,441 |
| Interest | -$149,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,680,685 |
| Insurance | $410,988 |
| All other expenses | $5,952,193 |
| Total functional expenses | $2,433,101,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,462 |
| Savings and temporary cash investments | $187,063,349 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,798,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,450,189 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,561,247 |
| Net Land, buildings, and equipment | $22,080,803 |
| Investments—publicly traded securities | $886,577,728 |
| Investments—other securities | $0 |
| Investments—program-related | $139,088 |
| Intangible assets | $0 |
| Other assets | $99,422,109 |
| Total assets | $1,282,104,525 |
| Accounts payable and accrued expenses | $99,804,842 |
| Grants payable | $0 |
| Deferred revenue | $922,780 |
| 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 | $440,243,341 |
| Total liabilities | $540,970,963 |
| Net assets without donor restrictions | $741,116,300 |
| Net assets with donor restrictions | $17,262 |
| 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 | $1,282,104,525 |
Grants Awarded
Over the last fiscal year, Careoregon Inc has awarded $71,361,640 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
4TH DIMENSION RECOVERY CENTER PURPOSE: EVENT SPONSORSHIP | $13,500 |
ACCESS PURPOSE: COMMUNITY BENEFIT INITIATIVE | $63,000 |
ADDICTIONS RECOVERY CENTER INC PURPOSE: STRATEGIC INITIATIVES GRANT | $1,500,000 |
AFRICAN FAMILY HOLISTIC HEALTH PURPOSE: COMMUNITY GIVING METRO AREA GRANT | $10,000 |
AFRICAN REFUGEE IMMIGRANT ORGANZATION PURPOSE: REDETERMINATION SUPPORT GRANT | $50,000 |
ARC OF MULTNOMAH CLACKAMAS PURPOSE: METRO AREA GRANT | $20,000 |