Banner Medical Group Colorado (EIN 900532831) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

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.

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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%)

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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

1170

Volunteers

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

$1,906,330

Total Directors

$1,906,330

Key Employees

Highest Compensated

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

Banner Medical Group Colorado