CareOregon Advantage
Legal name: Health Plan of Careoregon Inc
Nonprofit profile at a glance
- EIN
- 463264330
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Portland, OR, USA
- Phone
- 503-416-4279
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Group Health Practice (Health Maintenance Organizations)
Reported finances
- Revenue
- $316,688,358
- Expenses
- $399,236,025
- Assets
- $137,957,685
- Liabilities
- $97,142,162
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- ERIC C HUNTER (CEO,PRESIDENT & BOARD OF DIRECTORS)
- JAMES SLATER (VICE PRESIDENT, PHARMACY)
Highest reported compensation
- ERIC C HUNTER (CEO,PRESIDENT & BOARD OF DIRECTORS): $930,771 total reported compensation
- AMIT R SHAH (CHIEF MEDICAL OFFICER): $697,138 total reported compensation
- AMY L DOWD (CHIEF OPERATIONS OFFICER): $547,955 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Members You deserve great health care. At CareOregon Advantage, your health is our priority. It’s our mission to provide you with dependable, high-quality care, with extra benefits and access to your choice of providers. View our member resources section to search for providers, learn about benefits, see our list of covered drugs and more. Read more.
What it reported doing in 2024
Medicare plan - see schedule o
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.6%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.1%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 8.9% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 94.6% of spending went to programs
- Governance: 12 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $377.7M in reported program spending
- Leadership: top reported pay $931K · 25 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.