Banner Medical Group

EIN: 900532830 501(c)(3) Health Care

Phoenix, AZ

Total Revenue
$560,684,471
Total Expenses
$770,681,071
Total Assets
$154,301,996
Net Assets
$42,986,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AZ
Phone
6027474000
Tax Period
2023-01-01 to 2023-12-31

Banner Medical Group, founded in 2009, is a major nonprofit in the Health Care sector that reported $560.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $770.7M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO ASSIST BANNER HEALTH COMPLETE ITS MISSION, BANNER MEDICAL GROUP (BMG) WAS CREATED TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $690,647,703 Revenue: $555,513,828

BMG is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. BMG WAS FORMED FOR THE PURPOSES OF ENABLING THE BANNER...

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BMG is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. BMG WAS FORMED FOR THE PURPOSES OF ENABLING THE BANNER HEALTH SYSTEM TO PROVIDE INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT, THEREBY FURTHERING BANNER HEALTH'S EXEMPT PURPOSES BY ENABLING IT TO PROVIDE HIGHER QUALITY, MORE EFFICIENT (AND LESS DUPLICATIVE) AND LESS EXPENSIVE HEALTHCARE FOR THE COMMUNITIES IT SERVES. BY CONSOLIDATING PROVIDER EMPLOYMENT WITHIN A SINGLE ENTITY, BMG IS ABLE TO COORDINATE AND INTEGRATE WITH BANNER HEALTH IN ORDER TO IMPROVE TRANSPARENCY AND ACCOUNTABILITY IN THE PHYSICIAN OPERATIONS AND TO ALIGN THE PHYSICIAN OPERATIONS MORE FULLY AND CONSISTENTLY WITH THE EXEMPT PURPOSES AND OPERATIONS OF BANNER HEALTH. THIS ALLOWS THE BANNER HEALTH SYSTEM TO RESPOND TO CHANGES IN THE COMMUNITY HEALTHCARE SYSTEM ENCOURAGED BY THE PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010. BMG ACTIVITIES ARE PRIMARILY FUNDED THROUGH PROFESSIONAL REVENUE EARNED THROUGH THE ACTIVITIES OF THE EMPLOYED PROVIDERS AND SUPPORT FROM BH. BMG'S EMPLOYED PROVIDERS PROVIDE THE FOLLOWING SERVICES: A. MOST OF THE PROVIDERS ARE HOUSED IN BH CLINICS LOCATED THROUGHOUT THE SERVICE AREA OF BH'S ACUTE CARE HOSPITALS. THESE PROVIDERS INCLUDE PRIMARY CARE PROVIDERS AND SPECIALISTS WHO MEET THE HEALTHCARE NEEDS OF THE AREA BY PROVIDING HIGH-QUALITY HEALTHCARE IN A CONVENIENT AND PATIENT-FRIENDLY ENVIRONMENT. A NUMBER OF THESE PROVIDERS WILL EVENTUALLY BE GROUPED INTO LARGER BH CENTERS WHICH WILL PROVIDE A VARIETY OF PRIMARY AND SPECIALIST PHYSICIAN SERVICES AND ANCILLARY SERVICES SUCH AS CLINICAL LABORATORY, IMAGING, PHYSICAL THERAPY, AMBULATORY SURGERY, AND OTHER SERVICES FOUND IN MULTI-SPECIALTY PHYSICIAN CLINIC SITES. B. ANOTHER GROUP OF BMG'S PROVIDERS ARE WORKING, AND WILL CONTINUE TO WORK, PRIMARILY IN BH'S ACUTE CARE HOSPITALS TO PROVIDE SPECIALTY PROCEDURE-BASED CARE, SUCH AS CARDIOLOGY, GASTROENTEROLOGY, UROLOGY, RADIOLOGY, CARDIOVASCULAR SURGERY, BARIATRIC SURGERY, ORTHOPEDIC SURGERY AND GENERAL SURGERY. THIS GROUP OF PROVIDERS ALSO INCLUDES HOSPITALISTS, WHO PROVIDE 24/7 CARE FOR PATIENTS ADMITTED TO BANNER HEALTH'S ACUTE CARE HOSPITALS, AND INTENSIVISTS, WHO PROVIDE CARE FOR PATIENTS ADMITTED TO BANNER HEALTH'S INTENSIVE CARE UNITS, INCLUDING INTENSIVISTS WHO ARE EMPLOYED IN BH'S E-ICU, A REMOTE ICU MONITORING SYSTEM THAT ENABLES HIGHLY TRAINED AND EXPERIENCED INTENSIVISTS HOUSED IN REMOTE MONITORING CENTERS TO OBSERVE AND MONITOR ICU PATIENTS ON A 24/7 BASIS, INCLUDING PATIENTS ADMITTED TO ICUS IN BANNER HEALTH'S SMALLER, RURAL HOSPITALS. C. ANOTHER COMPONENT OF BMG'S PHYSICIANS ARE ALLIED HEALTH PROVIDERS WHO PROVIDE OCCUPATIONAL HEALTH SERVICES IN BANNER HEALTH'S OCCUPATIONAL HEALTH CLINICS. THESE CLINICS PROVIDE TRADITIONAL WORKERS COMPENSATION, EMPLOYEE HEALTH EVALUATIONS AND SIMILAR SERVICES, BOTH FOR BH'S SUBSTANTIAL WORKFORCE AND FOR EMPLOYERS IN THE COMMUNITIES SERVED BY BANNER HEALH'S HOSPITALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $616,475
Program Service Revenue $555,513,828
Investment Income $206,965
Other Revenue $4,347,203
TOTAL REVENUE $560,684,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $595,717,409
Fundraising Expenses $0
Program Expenses $690,647,703
Other Expenses $174,963,662
TOTAL EXPENSES $770,681,071

Year-over-Year Comparison

2023 2022 Change
Revenue $560,684,471 $501,671,533 +0.1%
Expenses $770,681,071 $671,337,671 +0.1%
Net Income $-209,996,600 $-169,666,138 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
4942
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,906,330
Total Directors
3
$1,906,330
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/TREASURER/Division CFO 20.0
Officer Director
$501,602 $38,565 $540,167
N/A Director/Secretary / COO - Medical Group 20.0
Officer Director
$376,226 $40,616 $416,842
N/A Director/CEO - BMG 20.0
Officer Director
$764,594 $184,727 $949,321
N/A Physician 40.0
Highest
$1,267,967 $24,944 $1,292,911
N/A Physician 40.0
Highest
$1,277,730 $38,478 $1,316,208
N/A PHYSICIAN 40.0
Highest
$1,375,021 $40,452 $1,415,473
N/A Physician 40.0
Highest
$1,558,800 $36,865 $1,595,665
N/A PHYSICIAN 40.0
Highest
$1,561,312 $30,056 $1,591,368
N/A Former Secretary 0.0
$0 $141,723 $668,530
N/A Former COO - Medical Group 0.0
$109,490 $2,615 $112,105
N/A FORMER ASSISTANT SECRETARY 0.0
$0 $12,837 $165,882
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $560,684,471 $770,681,071 $154,301,996 $-209,996,600
2022 $501,671,533 $671,337,671 $126,906,730 $-169,666,138
2021 $482,025,672 $630,674,350 $206,137,720 $-148,648,678
2020 $416,680,435 $563,058,453 $84,581,393 $-146,378,018
2019 $407,251,609 $516,495,464 $77,090,808 $-109,243,855
2018 $369,460,963 $479,503,795 $47,181,163 $-110,042,832
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