Vision Care Of Oregon Inc in Rancho Cordova, California (CA)

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Vision Care Of Oregon Inc
Employer Identification Number (EIN)930639517
Name of OrganizationVision Care Of Oregon Inc
AddressRancho Cordova, CA 95670
Tax Period2003
Asset Amount$11,480,386
Amount of Income$26,812,841
Form 990 Revenue Amount$26,812,841
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Group Health Practice (Health Maintenance Organizations)


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Amount of income in 2003: $26,812,841
Vision Care Of Oregon Inc: 

 $26,812,841
Other organizations performing similar types of work: 

 $164,342,401

Assets in 2003: $11,480,386
This organization: 

 $11,480,386
Other organizations performing similar types of work: 

 $42,287,125

Expenses in 2003: $25,543,538
This organization: 

 $25,543,538
Other organizations performing similar types of work: 

 $162,179,470

Income to expenses ratio in 2003: 1.0
Vision Care Of Oregon Inc: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2003: 88.7%
This organization: 

 88.7%
Other organizations performing similar types of work: 

 91.9%

Financial snapshot ($)

Revenue for 2003

Assets at end of 2003

Expenses for 2003

Functional Expenses for 2003 ($)

Income-Producing Activities for 2003

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003
Total revenue$19,005,514$21,224,583$26,049,381$26,812,841
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$18,498,704$20,726,511$25,982,455$26,672,928
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$506,810$498,072$66,926$139,913
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$18,094,972$18,919,207$26,953,973$25,543,538
Program services$16,081,495$16,642,091$24,106,601$22,665,037
Management and general$2,013,477$2,277,116$2,847,372$2,878,501
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$8,950,884$11,088,175$10,097,072$11,480,386
Excess or (deficit) for the year$910,542$2,305,376$-904,592$1,269,303
Net assets or fund balances at beginning of year$8,090,630$8,950,884$11,088,175$10,097,072
Other changes in net assets or fund balances$-50,288$-168,085$-86,511$114,011
Statement of Functional Expenses (for 2003)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$25,543,538$22,665,037$2,878,501$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$19,599,888
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$192,696$192,696$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$8,400$0$8,400$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$5,742,554$2,872,453$2,870,101$0
Balance Sheets
2000200120022003
Total assets$12,424,521$14,129,432$13,808,894$14,807,331
Cash - non-interest-bearing$868,584$1,418,647$1,251,663$1,026,352
Savings and temporary cash investments$291,071$370,436$6,114,160$5,701,494
Accounts receivable less allowance for doubtful accounts$1,195,421$810,071$723,426$732,423
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities
Investments - other securities$9,944,730$11,435,883$5,704,474$7,317,841
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$124,715$94,395$15,171$29,221
Total liabilities$3,473,637$3,041,257$3,711,822$3,326,945
Accounts payable and accrued expenses$3,448,183$343,211$354,417$304,309
Grants payable$0$0$0$0
Deferred revenue$25,454$20,017$11,699$9,010
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$2,678,029$3,345,706$3,013,626
Total liabilities and net assets/fund balances$12,424,521$14,129,432$13,808,894$14,807,331
Total net assets or fund balances$8,950,884$11,088,175$10,097,072$11,480,386
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003
Total revenue$19,005,514$21,224,583$26,049,381$26,812,841
Total revenue, gains, and other support per audited financial statements$9,006,882$13,976,748$18,910,423$19,635,032
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$9,998,632$7,247,835$7,138,958$7,177,809
Investment expenses$0$0$0$0
Other$9,998,632$7,247,835$7,138,958$7,177,809
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003
Total expenses$18,094,972$18,919,207$26,953,973$25,543,538
Total expenses and losses per audited financial statements$7,054,808$12,969,998$20,805,016$18,364,768
Other revenue$254,335$584,353$1,058,645$1,022,817
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$254,335$584,353$1,058,645$1,022,817
Other expenses$11,294,499$6,533,562$7,207,602$8,201,587
Investment expenses$0$0$0$0
Other$11,294,499$6,533,562$7,207,602$8,201,587
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2003)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$139,913$26,672,928
Program service revenue
Program service revenue 1000000$000$0$24,996,517
Program service revenue 2000000$000$0$1,676,411
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$139,913$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2003)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2003)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2003)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2003)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1California Vision ServiceRancho Cordova, CA 95670CA$626,353,122
2Sharp Health Plan4000 Ruffin Rd Ste A, San Diego, CA 92123-1849CA1995-11$325,602,754
3Inter Valley Health Plan Inc300 S Park Ave Ste 300, Pomona, CA 91766-1500CA1979-03$238,672,358
4Scan Health Plan Arizona3800 Kilroy Airport Way Ste 100, Long Beach, CA 90806-6818CA2008-04$132,256,400
5Vision Service Plan IncRancho Cordova, CA 95670CA$121,232,283
6Total Health Care Usa Inc3011 W Grand Blvd Ste 1600, Detroit, MI 48202-3000MI1998-01$114,873,177
7Vision Service Plan3333 Quality Dr, Rncho Cordova, CA 95670-7985CA1966-02$71,780,655
8Mid-Atlantic Vision Service Plan Inc3333 Quality Dr, Rncho Cordova, CA 95670-7985CA1972-01$70,821,129
9Health Plan Of The Redwoods, Sloan Daniel Officer In BankruptcyPO BOX 1673, Santa Rosa, CA 95402-1673CA1980-05$67,603,044
10Indiana Vision Services Inc3333 Quality Dr, Rncho Cordova, CA 95670-7985CA1979-11$41,762,326
11Pacific Health Advantage221 Main Street 1500, San Francisco, CA 94105CA1999-11$27,235,715
12Vision Care Of Oregon IncRancho Cordova, CA 95670CA$26,812,841
13Wisconsin Vision Services Inc3333 Quality Dr, Rncho Cordova, CA 95670-7985CA1968-06$22,186,157
14Community Health Plan IncOne Kaiser Plaza Suite 1550l, Oakland, CA 94612-3610CA1981-10$18,125,796
15Kaiser Foundation Health Plan Of Connecticut IncOakland, CA 94612CA$12,578,784
16Kaiser Foundation Health Plan /Kansas City IncOakland, CA 94612CA$9,289,858
17Alaska Vision Services Inc3333 Quality Dr, Rncho Cordova, CA 95670-7985CA1984-03$8,098,282
18West Penn Physician Practice Network320 E North Ave, Pittsburgh, PA 15212-4756PA2008-08$1,391,387
19South Hills Medical Associates Inc565 Coal Valley Road, Pittsburgh, PA 15236PA1998-02$0
20Upstate Urology Inc750 E Adams St Cwb 2nd Fl, Syracuse, NY 13210-2306NY2012-12$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
California19
Colorado5
Connecticut1
District of Columbia2
Florida2
Georgia1
Hawaii2
Idaho1
Illinois3
Indiana2
Kansas1
Kentucky1
Massachusetts6
Maryland1
Michigan17
Minnesota8
Missouri2
North Dakota1
New Jersey1
New Mexico1
New York19
Ohio7
Oklahoma1
Oregon6
Pennsylvania5
Rhode Island1
South Dakota1
Tennessee2
Texas7
Utah4
Virginia2
Vermont1
Washington1
Wisconsin4
West Virginia1
International1
Total142

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