Careoregon INC EIN 93-0933975

Careoregon INC

Not yet claimed Claim this org →

Provides health plan services and reinvests in community programs to ensure quality, equitable healthcare for low-income Oregonians. For fiscal year 2024 it reported $2.5B in revenue, $2.8B in expenses, and $389.9M in net assets.Pt I

Founded
1994
Type
Hospital · Health Care
Location
Portland, OR
Website
www.careoregon.org
Filings
5 on file (2020–2024)
Revenue
$2.5BFY2024
Expenses
$2.8B
Net assets
$389.9M
People
26
Filings
5
Updates
0
More identity details & actions ⌄
EIN  93-0933975 Hospital Portland, OR Founded 1994
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Careoregon INC claims this page.

Know this organization? Claim it to add your story

Size
$100M+
What they do
Provides health plan services and reinvests in community programs to ensure quality, equitable healthcare for low-income Oregonians.
Leadership
Eric C Hunter · CEO, President & Board of Directors · $882K
Money in and out
$2.5B revenue, $2.8B expenses
Bottom line
-10% operating surplus
Financial scale & money flow · FY2024
Total revenue
$2.5B
Pt VIII · Ln 12
Total expenses
$2.8B
Pt IX · Ln 25
Net assets
$389.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$261.3M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04 Fundraising $0.00
Operating surplus
-10%
revenue over expenses, this legal entity▼ -608% vs prior filing year
Payroll share
7%
of this entity's spending is salaries & benefits▲ +1% vs prior filing year
Program spending
96%
of expenses reach program services+0.3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.5B
FY2024▲ +2%
Expenses
$2.8B
FY2024▲ +15%
Total assets
$1.1B
FY2024▼ -13%
Total liabilities
$730.5M
FY2024▲ +35%
Total revenue
$2.5B
Pt VIII · Ln 12
Total expenses
$2.8B
Pt IX · Ln 25
Net assets
$389.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$261.3M
Total assetsPt X · Ln 16$1.1B
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $2.7B of program spending, described in the organization's own filed words · FY2024.
01

Oregon Health Plan (medicaid) Program

See schedule o

$2.6Bprogram expense
02

Medicare Plan

See schedule o

$40.1Mprogram expense
03

Community Reinvestment

See schedule o

$35.7Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCareoregon INC
EINHdr · item D93-0933975
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.careoregon.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E31Z)
Ruling yearIRS BMFJun 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO, President & Board of Directors
$882,380Pt VII · Sec A
Chief Medical Officer
$633,184Pt VII · Sec A
Chief Operations Officer
$476,530Pt VII · Sec A
CFO, Board Treasurer
$439,961Pt VII · Sec A
SR. Med. Director, Clinical Services
$402,731Pt VII · Sec A
SR Med. Dir. - Benefit/Utilization
$397,827Pt VII · Sec A
Medical Director - Behavioral Health
$379,748Pt VII · Sec A
Vice President, Oral Health
$376,312Pt VII · Sec A

Eric C Hunter’s $882K as CEO, President & Board of Directors is at the 48th percentile of top reported officer pay among 1754 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Eric C Hunter$882,380$831,546$753,252$613,159$602,181
Amit R Shah$633,184$583,540$546,813$431,310$432,201
Amy L Dowd$476,530$442,377$416,812$346,617$336,635
Teresa K Learn$439,961$398,421$384,840$327,368$331,245
Safina F Koreishi$402,731
Mary B Engrav$397,827$358,864$357,610$310,122$300,006
Douglas R Luther$386,186$359,496$359,490$358,883
John Bischof$379,748$372,505$364,484$326,626

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Careoregon INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$2.5B · 97%
Investment income$69.3M · 3%
Program service revenue97%$2.5B
Investment income3%$69.3M
Contributions & grants$4.5M
— government grantsLn 1e$4.2M
Total revenueLn 12$2.5B

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04 Fundraising $0.00
Program services96%$2.7B
Management & general4%$114.1M
Fundraising$358K
Total functional expensesLn 25$2.8B

Balance Sheet

Part X · end of year
CashLn 1$69.7M
Total assetsLn 16$1.1B
Total liabilitiesLn 26$730.5M
Total net assetsLn 32$389.9M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $914.2M · Operating expenses/yr $2.8B
3.9 months
Where the money goes
Program services
Program services $2.7B · Total expenses $2.8B
96%
Management & General
Management & general $114.1M · Total expenses $2.8B
4%
Fundraising
Fundraising $358K · Total expenses $2.8B
0.01%
Cost to raise $1
Fundraising expense (3-yr avg) $305K · Solicited contributions (3-yr avg) $251K
$1.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.5M · Total revenue $2.5B
0.2%
Government reliance
Government grants $4.2M · Total revenue $2.5B
0.2%
Earned-income share
Program service revenue $2.5B · Total revenue $2.5B
97%
Investment reliance
Investment income $69.3M · Total revenue $2.5B
+3%
Program self-sufficiency
Program service revenue $2.5B · Total expenses $2.8B
88%
Growth & trend
Revenue growth (YoY)
This year $2.5B · Prior year $2.5B
+2%
Revenue CAGR
FY2020 $1.7B · FY2024 $2.5B
+10%
Net-asset trend (YoY)
End of year $389.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.5B · Expenses $2.8B
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1B
Net-asset ratio
Net assets $389.9M · Total assets $1.1B
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $788.3M · Other securities (Pt X, ln 12) $56.3M · Total assets (Pt X, ln 16) $1.1B
75%
People & payroll
Highest Reported Total Compensation
Individual Eric C Hunter · Reported title CEO, PRESIDENT & BOARD OF DIRECTORS · Highest reported compensation $882K · Total expenses $2.8B
0.03%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $205.9M · Total expenses $2.8B
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 8%
Revenue growth 2%
Investment management fee ratio 0.1%
Legal fee ratio 0.01%
Accounting fee ratio <0.01%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$85K
Grants paid · 553 grants · $131.1M · 2020–2024
Billi Irene Odegaard FundOR · FY2024$2,200,000
Trillium Family Services INCOR · FY2024$2,035,000
Ride Connection INCOR · FY2024$1,905,000
Neighborhood Health CenterOR · FY2024$1,515,000
Coda INCOR · FY2024$1,416,000
Morrison Child & Family ServicesOR · FY2024$1,119,533
The 4th Dimension Recovery CenterOR · FY2024$1,112,500
Cascadia HealthOR · FY2024$1,030,000
Columbiacare Services INCOR · FY2024$820,000
New NarrativeOR · FY2024$710,000
Clackamas CountyFY2024$670,000
Multnomah County Health DepartmentFY2024$501,618
Health Share of OregonOR · FY2024$500,000
Oregon Health and Sciences UnversityFY2024$489,166
Providence Health and ServicesFY2024$462,130
See all 553 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Careoregon INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.5B revenue · viewing · ⤓ 990 PDF
FY2023$2.5B revenue · ⤓ 990 PDF
FY2022$2.2B revenue · ⤓ 990 PDF
FY2021$1.9B revenue · ⤓ 990 PDF
FY2020$1.7B revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.