Banner Medical Group Colorado

EIN: 900532831 501(c)(3) Health Care

Phoenix, AZ

Total Revenue
$120,513,263
Total Expenses
$185,336,414
Total Assets
$24,513,507
Net Assets
$159,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

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

Banner Medical Group Colorado, founded in 2009, is a major nonprofit in the Health Care sector that reported $120.5M in total revenue in fiscal year 2023. Expenses of $185.3M exceeded revenue, resulting in a 54% operating deficit.

Mission

ASSIST BANNER HEALTH TO COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $175,459,398 Revenue: $120,358,541

Banner Medical Group Colorado (BMGC) is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL DETAILS. BMGC WAS FORMED FOR THE...

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Banner Medical Group Colorado (BMGC) is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL DETAILS. BMGC 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, BMGC IS ABLE TO COORDINATE AND INTEGRATE WITH BANNER HEALTH IN ORDER TO IMPROVE TRANSPARENCY AND ACCOUNTABILITY IN THE PROVIDER OPERATIONS AND TO ALIGN THE PROVIDERS 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. BMGC ACTIVITIES ARE PRIMARILY FUNDED THROUGH PROFESSIONAL REVENUE EARNED THROUGH THE ACTIVITIES OF THE EMPLOYED PHYSICIANS AND SUPPORT FROM BANNER HEALTH. BMGC'S EMPLOYED PROVIDERS PROVIDE THE FOLLOWING SERVICES: A. MOST OF THE PROVIDERS ARE HOUSED IN BANNER HEALTH CLINICS LOCATED THROUGHOUT THE SERVICE AREA OF BANNER HEALTH'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 PROVIDER SERVICES AND ANCILLARY SERVICES SUCH AS CLINICAL LABORATORY, IMAGING, PHYSICAL THERAPY, AMBULATORY SURGERY, AND OTHER SERVICES FOUND IN MULTI-SPECIALTY PROVIDER CLINIC SITES. B. ANOTHER GROUP OF BMGC'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 BH'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 BMGC'S PHYSICIANS AND ALLIED HEALTH PROVIDERS PROVIDE OCCUPATIONAL HEALTH SERVICES IN BH'S OCCUPATIONAL HEALTH CLINICS. THESE CLINICS PROVIDE TRADITIONAL WORKERS COMPENSATION, EMPLOYEE HEALTH EVALUATIONS AND SIMILAR SERVICES, BOTH FOR BANNER HEALTH'S SUBSTANTIAL WORKFORCE AND FOR EMPLOYERS IN THE COMMUNITIES SERVED BY BANNER HEALTH'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 $68,101
Program Service Revenue $120,358,541
Investment Income $0
Other Revenue $86,621
TOTAL REVENUE $120,513,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,489,376
Fundraising Expenses $0
Program Expenses $175,459,398
Other Expenses $48,847,038
TOTAL EXPENSES $185,336,414

Year-over-Year Comparison

2023 2022 Change
Revenue $120,513,263 $113,976,050 +0.1%
Expenses $185,336,414 $174,127,058 +0.1%
Net Income $-64,823,151 $-60,151,008 +0.1%
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
1170
Volunteers
75

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
$0 $38,565 $540,167
N/A Director/Secretary / COO - Medical Group 20.0
Officer Director
$0 $40,616 $416,842
N/A Director/CEO - BMG 20.0
Officer Director
$0 $184,727 $949,321
N/A PHYSICIAN 40.0
Highest
$819,000 $37,794 $856,794
N/A Physician 40.0
Highest
$911,643 $32,237 $943,880
N/A PHYSICIAN 40.0
Highest
$994,141 $37,920 $1,032,061
N/A PHYSICIAN 40.0
Highest
$819,111 $41,654 $860,765
N/A PHYSICIAN 40.0
Highest
$1,007,266 $37,824 $1,045,090
N/A FORMER SECRETARY 0.0
$0 $141,723 $668,530
N/A Former COO - Medical Group 0.0
$0 $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 $120,513,263 $185,336,414 $24,513,507 $-64,823,151
2022 $113,976,050 $174,127,058 $21,866,833 $-60,151,008
2021 $111,211,021 $184,121,587 $23,268,499 $-72,910,566
2020 $104,813,290 $175,275,935 $27,825,557 $-70,462,645
2019 $119,056,527 $174,884,818 $26,420,672 $-55,828,291
2018 $113,633,969 $170,189,089 $15,598,279 $-56,555,120
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