Overview
What is Familycare Inc?
Familycare Inc, located at 2121 SW BROADWAY ST 115, Portland, OR 97201, is a nonprofit organization committed to providing community healthcare. Prior to 2019, Familycare Inc had a contract with the Oregon Health Plan/Medicaid to offer comprehensive healthcare services to approximately 106,000 members. After the contract expired in January 2018, the organization has been gradually winding down its operations, fulfilling remaining obligations under the agreement, which can extend up to 10 years past the contract end date. These obligations include handling claims, maintenance of insurance, system maintenance, recordkeeping, and reporting. Despite not receiving additional compensation for these duties after the contract end date, Familycare Inc continues its mission to provide cooperative and comprehensive healthcare to the community. The organization currently employs 4 individuals.
Official website here: www.familycareinc.org
Is Familycare Inc legitimate?
Familycare Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Familycare Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $511,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,434
For more financial information, click here
Official website here: www.familycareinc.org
What is the mission statement of Familycare Inc?
Familycare Inc's mission is centered around providing community healthcare. They strive to offer cooperative and comprehensive healthcare programs to the community at large. Prior to 2019, Familycare Inc. had a contract with the Oregon Health Plan/Medicaid, under which they delivered comprehensive healthcare to over 106,000 members. After the contract ended in 2018, Familycare Inc. has been gradually winding down its cooperative healthcare operations, fulfilling remaining obligations under the contract such as claims runout, insurance maintenance, system maintenance, recordkeeping, and reporting for specified time periods up to 10 years beyond the contract end date, without receiving any additional compensation after the contract's end.
Official website here: www.familycareinc.org
What is the revenue of Familycare Inc?
Familycare Inc's revenue in 2023 was $4,129,099.
Official website here: www.familycareinc.org
Who are the executives of Familycare Inc and what are their salaries?
The average compensation at Familycare Inc during 2023 was $189,772. There are 3 employees and 5 volunteers at Familycare Inc.
Here are 6 key members and their salaries:
- Compensation: $249,137
- Related: $0
- Other: $59,004
- Compensation: $160,119
- Related: $0
- Other: $43,546
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.familycareinc.org
Where can I find the form 990 for Familycare Inc?
Familycare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.familycareinc.org
Learn more at the official website: www.familycareinc.org
Mission Statement of Familycare Inc
Familycare Inc, a community healthcare provider, is committed to delivering cooperative and comprehensive healthcare programs to the community at large. The organization's mission is to enhance the wellbeing of the community by providing access to necessary healthcare services. Prior to 2019, Familycare Inc. was under a contract with Oregon Health Plan/Medicaid, offering comprehensive healthcare to its members. After the contract ended in January 2018, Familycare Inc. began winding down its cooperative healthcare operations, fulfilling its remaining obligations under the contract. These obligations, which extend up to 10 years post-contract end date, include handling claims, maintaining insurance, system maintenance, recordkeeping, and reporting. Despite not receiving additional compensation for these tasks after the contract termination, Familycare Inc. continues to fulfill its responsibilities to its former members.
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Impact
October, 2024
Familycare Inc has made a significant impact on community health care by supporting healthcare systems through advocacy and contributions. Before 2019, the organization played a critical role in providing cooperative health care services to a large member base, serving approximately 106,000 individuals under its contract with the Oregon Health Plan/Medicaid. This comprehensive approach ensured that members had access to essential health services.
Following the conclusion of its contract in January 2018, Familycare Inc has been focused on responsibly winding down its operations while fulfilling outstanding obligations. This includes managing claims runout and maintaining records and insurance for a period that could extend up to a decade after the contract ended. Despite no longer receiving compensation for these obligations, the organization's commitment to its community remains steadfast.
Through its ongoing efforts, Familycare Inc continues to support the local healthcare landscape, fostering a healthier community and promoting equitable access to care. The legacy of its cooperative healthcare programs still influences the way healthcare is approached and delivered in the region.
This information is meant to be a general summary of Familycare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,125,979
- Program Service Revenue: $322,300
- Gross Receipts: $55,024,337
Assets and Liabilities:
- Total Assets: $103,719,838
- Total Liabilities: $19,298,742
- Net Assets: $84,421,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$322,300
Organization Details
Founding Year
1984
Principal Officer
Jeffrey Heatherington
Website
www.familycareinc.orgNTEE Category
Code: E21Z - Health
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