Skip to content
Nonprofiteer
← BANNER MEDICAL GROUP

Form 990 for tax year 2023

Filed by BANNER MEDICAL GROUP.

Totals

Total revenue
$560,684,471
Total expenses
$770,681,071
Contributions and grants received
$616,475
Grants paid
$0
Program service revenue
$555,513,828
Investment income
$206,965
Other revenue
$4,347,203
Total assets, end of year
$154,301,996
Total liabilities, end of year
$111,315,431
Net assets or fund balances, end of year
$42,986,565
Program services expenses (Part IX)
$690,647,703
Management and general expenses
$80,033,368
Fundraising expenses
$0
Program service expenses (Part III)
$690,647,703

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CAROL KARP

    DIRECTOR/TREASURER/Division CFO

    Total calculated
    $540,167
    From this org
    $501,602
    From related orgs
    $0
    Other
    $38,565
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $344,762
    Bonus
    $122,430
    Other
    $34,410
    Deferred
    $15,770
    Nontaxable benefits
    $22,795
    Filer's total
    $540,167

  • GARRICK RICHARDS MD

    Director/Secretary / COO - Medical Group

    Total calculated
    $416,842
    From this org
    $376,226
    From related orgs
    $0
    Other
    $40,616
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $267,206
    Bonus
    $88,466
    Other
    $20,554
    Deferred
    $16,536
    Nontaxable benefits
    $24,080
    Filer's total
    $416,842

  • SHIVA BIRDI MD

    Director/CEO - BMG

    Total calculated
    $949,321
    From this org
    $764,594
    From related orgs
    $0
    Other
    $184,727
    Hours/week
    20 + 22 related

    Schedule J breakdown matched by us

    Base
    $465,459
    Bonus
    $244,763
    Other
    $54,372
    Deferred
    $153,031
    Nontaxable benefits
    $31,696
    Filer's total
    $949,321

  • GORDON COHEN MD

    Physician

    Total calculated
    $1,292,911
    From this org
    $1,267,967
    From related orgs
    $0
    Other
    $24,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,022,068
    Bonus
    $238,375
    Other
    $7,524
    Deferred
    $0
    Nontaxable benefits
    $24,944
    Filer's total
    $1,292,911

  • JOHN TOTH MD

    Physician

    Total calculated
    $1,316,208
    From this org
    $1,277,730
    From related orgs
    $0
    Other
    $38,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $624,251
    Bonus
    $629,300
    Other
    $24,179
    Deferred
    $13,200
    Nontaxable benefits
    $25,278
    Filer's total
    $1,316,208

  • MARTIN BENOIT MD

    PHYSICIAN

    Total calculated
    $1,415,473
    From this org
    $1,375,021
    From related orgs
    $0
    Other
    $40,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $901,972
    Bonus
    $445,982
    Other
    $27,067
    Deferred
    $13,200
    Nontaxable benefits
    $27,252
    Filer's total
    $1,415,473

  • RAJEEV KATHURIA MD

    Physician

    Total calculated
    $1,595,665
    From this org
    $1,558,800
    From related orgs
    $0
    Other
    $36,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $896,250
    Bonus
    $655,786
    Other
    $6,764
    Deferred
    $13,200
    Nontaxable benefits
    $23,665
    Filer's total
    $1,595,665

  • SUNDEEP PATEL

    PHYSICIAN

    Total calculated
    $1,591,368
    From this org
    $1,561,312
    From related orgs
    $0
    Other
    $30,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,074,802
    Bonus
    $459,108
    Other
    $27,402
    Deferred
    $13,200
    Nontaxable benefits
    $16,856
    Filer's total
    $1,591,368

  • DAVID BIXBY

    Former Secretary

    Total calculated
    $668,530
    From this org
    $0
    From related orgs
    $526,807
    Other
    $141,723
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $523,392 related
    Other
    $0 + $3,415 related
    Deferred
    $0 + $141,646 related
    Nontaxable benefits
    $0 + $77 related
    Filer's total
    $0 + $668,530 related

  • DENNIS BIERLE

    Former COO - Medical Group

    Total calculated
    $112,105
    From this org
    $109,490
    From related orgs
    $0
    Other
    $2,615
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $106,875
    Other
    $2,615
    Deferred
    $2,615
    Nontaxable benefits
    $0
    Filer's total
    $112,105

  • ELIZABETH AVANT

    FORMER ASSISTANT SECRETARY

    Total calculated
    $165,882
    From this org
    $0
    From related orgs
    $153,045
    Other
    $12,837
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,465 related
    Bonus
    $0 + $18,981 related
    Other
    $0 + $599 related
    Deferred
    $0 + $5,251 related
    Nontaxable benefits
    $0 + $7,586 related
    Filer's total
    $0 + $165,882 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION. SEE SCHEDULE O FOR FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAY DURING 2023 (INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III): DENNIS BIERLE - $2,615
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXEC 457(F) - COVERED APPROXIMATELY 100 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS. VESTING OCCURS UPON MEETING VESTING REQUIREMENTS (SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE). Awards are subject to a rolling three-year vesting schedule - or a team member reaches the age of 65, 3 years from date of deposit. TAXATION OCCURS UPON DISTRIBUTION (IF VESTED). THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. PAYOUT AMOUNTS ARE TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). DEPOSIT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). 457(F) DISTRIBUTION: SHIVA BIRDI, MD $31,101 CAROL KARP $9,503 EMPLOYER 457(F) Contributions: SHIVA BIRDI, MD $25,346 CAROL KARP $7,108 DENNIS BIERHLE $2,615
Schedule J, Part I, Line 7 Non-fixed payments
1. CERTAIN BMG INDIVIDUALS PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2020-2022, 2021-2023, 2022-2024 AND 2023-2025. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: STARTS RATING IMPROVEMENT, TRANSFORM REVENUE CYCLE ($ IMPROVEMENT), AND BUILD OUR BENCH TO REFLECT COMMUNITIES (VOICE, MINORITY %, SUCCESSION AND OTHER KEY LONG-TERM INITIATIVES. AWARDS ARE CALCULATED AS A PERCENTAGE OF BASE SALARY ON THE LAST DAY OF THE THREE-YEAR CYCLE, AND OPPORTUNITY VARIES BY POSITION LEVEL. THE PLAN REQUIRES A THRESHOLD LEVEL OF FINANCIAL PERFORMANCE BEFORE ANY AWARDS CAN BE MADE, AND THE AMOUNT OF THE AWARDS VARIES WITH THE DEGREE OF ACHIEVEMENT OF THE TARGETS. THE MAXIMUM LTIP PAYOUT OPPORTUNITY RANGES FROM 30% TO 255% OF THE BASE SALARY as of December 31 in the last year of the three-year plan. AWARDS HAVE BEEN ACCRUED UNDER THE LTIP, BUT NO PAYMENTS ARE MADE UNTIL AFTER YEAR-END AND ACHIEVEMENT IS VERIFIED BY THE BANNER HEALTH BOARD COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS OF BANNER HEALTH. ALL LTIP COMPENSATION PAYMENTS ARE REPORTED IN THE INCENTIVE AND BONUS COMPENSATION SHOWN IN SCHEDULE J, PART II, COLUMN (B)(II). AMOUNTS PAID FOR THE 2020-2022 CYCLE ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) AS BONUS & INCENTIVE COMPENSATION. AMOUNTS ACCRUED FOR 2023 FOR THE 2021-2023, 2022-2024, 2023-2025 CYCLES (TO BE PAID OUT IN 2024, 2025, AND 2026 RESPECTIVELY) ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION. 2. BANNER HEALTH HAS A MANAGEMENT INCENTIVE PLAN (MIP) WHICH IS BASED ON COMPANY ACHIEVEMENT OF SEVERAL FINANCIAL AND NON-FINANCIAL/CLINICAL QUALITY METRICS THAT ARE ESTABLISHED ANNUALLY BY THE BANNER HEALTH BOARD OF DIRECTORS. AWARDS ARE GRANTED AS A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AND VARY WITH THE POSITION LEVEL OF THE PARTICIPATING EMPLOYEE, RANGING FROM 7% TO 110% OF BASE SALARY. IN 2023, THERE WERE 1,440 MIP PARTICIPANTS. THE MIP WAS ACCRUED IN 2022 FOR THE 2023 MIP PAYOUT. MIP COMPENSATION IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). 3. Clinical Physicians employed by Banner are typically paid on the basis of a compensation system that incorporates a base salary and a non-fixed productivity component that is based upon the physician's productivity. All bonus and incentive compensation under this plan is included in Schedule J, Part II, Column B(ii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202443109349303444

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.