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Careoregon INC FY2022 filing

Tax-deductible

Portland, OR501(c)(3)Since 1994Health Care EIN 93-0933975Revenue $2.2B in FY2022

On file with the IRScareoregon.org315 Sw 5th Ave, 97204-1703 · Portland, ORTax-exempt since Jun 1989Publicly supported — 509(a)(2)

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To inspire and partner to create quality and equity in individual and community health

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$5.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $36.8M a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.3M
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $701.8M in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $85K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$504.1M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2B
+13% vs prior year
Spent
$2.1B
To programs
96%
Net assets
$666.6M
By yearFY2020–FY2024
Revenue
$2.2B
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7B
FY2021$1.9B
FY2022$2.2B
FY2023$2.5B
FY2024$2.5B
Expenses
$2.1B
FY2022▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6B
FY2021$1.7B
FY2022$2.1B
FY2023$2.4B
FY2024$2.8B
Net assets
$666.6M
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$444.4M
FY2021$630.1M
FY2022$666.6M
FY2023$741.1M
FY2024$389.9M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.0B Management & general 4% · $85.9M Fundraising 0% · $240K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $5.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Eric C Hunter
Ceo,president & Board of Director
$753,252Pt VII · Sec A
Amit R Shah
Chief Medical Officer
$546,813Pt VII · Sec A
Amy L Dowd
Chief Operations Officer
$416,812Pt VII · Sec A
Teresa K Learn
CFO, Board Treasurer
$384,840Pt VII · Sec A
John Bischof
Medical Director - Behavioral Health
$364,484Pt VII · Sec A
Douglas R Luther
SR. Medical Director, Operations
$359,496Pt VII · Sec A
Alyssa Franzen
Medical Director - VP Dental
$358,517Pt VII · Sec A
Mary B Engrav
Med. Director - Benefit/Utilization
$357,610Pt VII · Sec A

Eric C Hunter’s $882K as CEO, President & Board of Directors is at the 47th percentile of top reported officer pay among 1747 $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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides health plan services and reinvests in community programs to ensure quality, equitable healthcare for low-income Oregonians.

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Provided by the organization

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3 programs · $1.9B · in their own filed words · FY2022
01

Oregon Health Plan (medicaid) Program

See schedule o

$1.9Bprogram expense
02

Medicare Plan

See schedule o

$27.6Mprogram expense
03

Community Reinvestment

See schedule o

$14.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Ocf Joseph E Weston Public FoundationFY2024$85K
Total grants receivedfrom 1 funder$85K
Grants paid · 553 grants · $131.1M · 2020–2024
Legacy Emanuel Hospital & Health CenterOR · FY2024$10,100,000
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
Volunteers of America of Oregon INCOR · FY2024$780,000
New NarrativeOR · FY2024$710,000
Clackamas CountyFY2024$670,000
Providence Portland Medical FoundationOR · FY2024$650,000
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 →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2B
Ln 12
Fees for servicesLn 2g$2.1B
Investment incomeLn 3$18.9M
Gifts and grantsLn 1h$2.1M
Money outPt IX
$2.1B
Ln 25
Programscol B$2.0B
Managementcol C$85.9M
Fundraisingcol D$240K
Owns and owesPt X
$666.6M
net assets · Ln 32
Cash and savingsLn 1–2$307.2M
Total assetsLn 16$1.2B
LiabilitiesLn 26$504.1M
PeoplePt VI, VII
30
listed · VII A
PaidVII A14
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$2.1B
Investment incomeLn 3$18.9M
Other incomeLn 4–11$137K
Gains on assetsLn 7−$3.2M
Total revenueLn 12$2.2B
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$307.2M
Cash and savings togetherLn 1–2$307.2M
InvestmentsLn 11–13$701.8M
Land, buildings, equipmentLn 10c$14.9M
Other assetsLn 15$63.1M
Total assetsLn 16$1.2B
LiabilitiesLn 26$504.1M
Net assetsLn 32$666.6M
OperationsPt I, VI
EmployeesI 51,233
VolunteersI 6148
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$174.4M$307.2M
InvestmentsLn 11–13$659.8M$701.8M
Land, buildings, equipmentLn 10c$15.4M$14.9M
Total assetsLn 16$985.1M$1.17B
LiabilitiesLn 26$355.1M$504.1M
Net assetsLn 32$630.1M$666.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45.8M$45.8M
Pay of current officers, directors and key staffLn 5$3.6M$1.4M$2.2M
Other salaries and wagesLn 7$63.5M$42.5M$20.9M$85K
Pension plan contributionsLn 8$9.3M$6.1M$3.2M
Other employee benefitsLn 9$41.6M$29.0M$12.5M$107K
Payroll taxesLn 10$16.3M$10.7M$5.6M$27K
Legal feesLn 11b$1.0M$1.0M
Accounting feesLn 11c$278K$278K
Lobbying feesLn 11d$18K$18K
Investment management feesLn 11f$766K$766K
Other fees for servicesLn 11g$28.9M$10.8M$18.1M$4K
Advertising and promotionLn 12$1.2M$1.2M$58K$117
Office expensesLn 13$3.8M$1.8M$2.0M$4K
Information technologyLn 14$12.6M$378K$12.2M$58
OccupancyLn 16$2.8M$181K$2.6M$6K
TravelLn 17$254K$149K$105K$694
Conferences, conventions and meetingsLn 19$432K$189K$241K$2K
InterestLn 20−$136K−$136K
Depreciation, depletion and amortizationLn 22$1.9M$2K$1.9M
InsuranceLn 23$687K$687K
Other expenses (24a–d)Ln 24$1.81B$1.81B
All other expensesLn 24e$6.2M$4.6M$1.6M$3K
Total functional expensesLn 25$2.05B$1.96B$85.9M$240K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5B$2.8B−$261.3M$389.9M 990 PDF
FY2023 $2.5B$2.4B$50.2M$741.1M 990 PDF
FY2022 Viewing $2.2B$2.1B$108.2M$666.6M 990 PDF
FY2021 $1.9B$1.7B$189.7M$630.1M 990 PDF
FY2020 $1.7B$1.6B$97.1M$444.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,159,210,951 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $706,598$2,147,972
I-9 Program service revenuePrior year $1,898,973,135$2,138,042,237
I-10 Investment incomePrior year $16,833,008$18,883,661
I-11 Other revenuePrior year $382,723$137,081
I-12 Total revenuePrior year $1,916,895,464$2,159,210,951
I-13 Grants and similar amounts paidPrior year $11,563,229$45,760,265
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $119,734,729$134,363,992
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,595,939,285$1,870,887,810
I-18 Total expensesPrior year $1,727,237,243$2,051,012,067
I-19 Revenue less expensesPrior year $189,658,221$108,198,884
Part VI · Governance 13 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,159,210,951 across 8 lines filed
Lines not itemized here account for $196,007 of total revenue; see the IRS return.
VIII-1e Government grants$1,859,574
VIII-1f All other contributions, gifts and grants$288,398
VIII-1h Total contributions, gifts and grants$2,147,972
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,137,846,590$2,137,846,590
VIII-3 Investment incomeExcluded from tax $22,041,192$22,041,192
VIII-6 Net rental income or lossExcluded from tax $136,721$136,721
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,157,531−$3,157,531
VIII-12 Total revenueRelated to mission $2,138,046,323 · Unrelated business −$3,726 · Excluded from tax $19,020,382$2,159,210,951
Part IX · Statement of functional expenses $2,051,012,067 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $45,760,265$45,760,265
IX-5 Pay of current officers, directors and key staffPrograms $1,414,392 · Management $2,216,842$3,631,234
IX-7 Other salaries and wagesPrograms $42,487,537 · Management $20,909,367 · Fundraising $85,266$63,482,170
IX-8 Pension plan contributionsPrograms $6,110,298 · Management $3,220,530$9,330,828
IX-9 Other employee benefitsPrograms $29,000,960 · Management $12,503,545 · Fundraising $107,207$41,611,712
IX-10 Payroll taxesPrograms $10,662,630 · Management $5,618,162 · Fundraising $27,256$16,308,048
IX-11b Legal feesManagement $1,017,566$1,017,566
IX-11c Accounting feesManagement $278,168$278,168
IX-11d Lobbying feesManagement $18,263$18,263
IX-11f Investment management feesManagement $765,972$765,972
IX-11g Other fees for servicesPrograms $10,841,710 · Management $18,090,049 · Fundraising $4,213$28,935,972
IX-12 Advertising and promotionPrograms $1,158,778 · Management $58,116 · Fundraising $117$1,217,011
IX-13 Office expensesPrograms $1,827,858 · Management $1,959,372 · Fundraising $4,130$3,791,360
IX-14 Information technologyPrograms $377,879 · Management $12,207,664 · Fundraising $58$12,585,601
IX-16 OccupancyPrograms $180,773 · Management $2,647,654 · Fundraising $6,050$2,834,477
IX-17 TravelPrograms $148,625 · Management $105,029 · Fundraising $694$254,348
IX-19 Conferences, conventions and meetingsPrograms $189,118 · Management $240,789 · Fundraising $1,860$431,767
IX-20 InterestManagement −$135,860−$135,860
IX-22 Depreciation, depletion and amortizationPrograms $2,088 · Management $1,862,954$1,865,042
IX-23 InsuranceManagement $686,939$686,939
IX-24 Other expenses (24a–d)Programs $1,810,103,118$1,810,103,118
IX-24e All other expensesPrograms $4,621,364 · Management $1,613,694 · Fundraising $3,008$6,238,066
IX-25 Total functional expensesPrograms $1,964,887,393 · Management $85,884,815 · Fundraising $239,859$2,051,012,067
Part X · Balance sheet $1,170,734,548 assets, 17 lines filed
Asset lines not itemized here account for $39,685,435; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,519$10,905
X-2 Savings and temporary cash investmentsStart of year $174,433,285$307,216,254
X-3 Pledges and grants receivable$132,523
X-4 Accounts receivableStart of year $23,154,421$37,610,128
X-9 Prepaid expenses and deferred chargesStart of year $6,981,258$6,218,909
X-10c Land, buildings and equipment, netStart of year $15,355,729$14,943,066
X-11 Publicly traded securitiesStart of year $659,786,445$701,812,946
X-15 Other assetsStart of year $72,682,277$63,104,382
X-16 Total assetsStart of year $985,142,638$1,170,734,548
X-17 Accounts payable and accrued expensesStart of year $83,449,216$137,840,742
X-19 Deferred revenueStart of year $98,964$229,722
X-25 Other liabilitiesStart of year $271,505,978$366,074,390
X-26 Total liabilitiesStart of year $355,054,158$504,144,854
X-27 Net assets without donor restrictionsStart of year $629,770,050$666,094,582
X-28 Net assets with donor restrictionsStart of year $318,430$495,112
X-32 Total net assets or fund balancesStart of year $630,088,480$666,589,694
X-33 Total liabilities and net assetsStart of year $985,142,638$1,170,734,548
Part XI · Reconciliation of net assets $666,589,694 net assets at year end
XI-1 Total revenue$2,159,210,951
XI-2 Total expenses$2,051,012,067
XI-3 Revenue less expenses$108,198,884
XI-4 Net assets at start of year$630,088,480
XI-5 Net unrealized gains (losses) on investments−$70,197,670
XI-9 Other changes in net assets−$1,500,000
XI-10 Net assets at end of year$666,589,694

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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