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Nonprofiteer
← BANNER MEDICAL GROUP COLORADO

Form 990 for tax year 2022

Filed by BANNER MEDICAL GROUP COLORADO.

Totals

Total revenue
$113,976,050
Total expenses
$174,127,058
Contributions and grants received
$262,778
Grants paid
$0
Program services expenses (Part IX)
$163,687,279
Management and general expenses
$10,439,779
Fundraising expenses
$0
Program service expenses (Part III)
$163,687,279

Program services were 94.0% 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
    $520,594
    From this org
    $0
    From related orgs
    $481,976
    Other
    $38,618
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,142 related
    Bonus
    $0 + $110,116 related
    Other
    $0 + $38,718 related
    Deferred
    $0 + $16,264 related
    Nontaxable benefits
    $0 + $22,354 related
    Filer's total
    $0 + $520,594 related

  • DENNIS BIERLE

    DIRECTOR/COO - Medical Group

    Total calculated
    $693,928
    From this org
    $0
    From related orgs
    $650,891
    Other
    $43,037
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,069 related
    Bonus
    $0 + $233,787 related
    Other
    $0 + $162,035 related
    Deferred
    $0 + $22,454 related
    Nontaxable benefits
    $0 + $20,583 related
    Filer's total
    $0 + $693,928 related

  • GARRICK RICHARDS MD

    Director/Secretary / COO - Medical Group

    Total calculated
    $344,762
    From this org
    $0
    From related orgs
    $315,012
    Other
    $29,750
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,976 related
    Bonus
    $0 + $75,882 related
    Other
    $0 + $18,154 related
    Deferred
    $0 + $6,532 related
    Nontaxable benefits
    $0 + $23,218 related
    Filer's total
    $0 + $344,762 related

  • PATRICK RANKIN MD

    DIRECTOR/CEO - BMG

    Total calculated
    $866,145
    From this org
    $0
    From related orgs
    $858,238
    Other
    $7,907
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $75,551 related
    Bonus
    $0 + $309,310 related
    Other
    $0 + $473,377 related
    Deferred
    $0 + $3,078 related
    Nontaxable benefits
    $0 + $4,829 related
    Filer's total
    $0 + $866,145 related

  • SHIVA BIRDI MD

    Director/CEO - BMG

    Total calculated
    $864,475
    From this org
    $0
    From related orgs
    $709,977
    Other
    $154,498
    Hours/week
    20 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,853 related
    Bonus
    $0 + $175,851 related
    Other
    $0 + $50,273 related
    Deferred
    $0 + $123,992 related
    Nontaxable benefits
    $0 + $30,506 related
    Filer's total
    $0 + $864,475 related

  • BETH GIBBONS MD

    PHYSICIAN

    Total calculated
    $849,799
    From this org
    $813,600
    From related orgs
    $0
    Other
    $36,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $754,410
    Bonus
    $40,296
    Other
    $18,894
    Deferred
    $12,144
    Nontaxable benefits
    $24,055
    Filer's total
    $849,799

  • DWIGHT SLATER MD

    Physician

    Total calculated
    $949,760
    From this org
    $918,541
    From related orgs
    $0
    Other
    $31,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $700,144
    Bonus
    $217,600
    Other
    $797
    Deferred
    $0
    Nontaxable benefits
    $31,219
    Filer's total
    $949,760

  • KENNETH RICHARDS MD

    Physician

    Total calculated
    $975,409
    From this org
    $946,525
    From related orgs
    $0
    Other
    $28,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $505,641
    Bonus
    $418,370
    Other
    $22,514
    Deferred
    $12,180
    Nontaxable benefits
    $16,704
    Filer's total
    $975,409

  • MAURICE LYONS MD

    PHYSICIAN

    Total calculated
    $1,256,337
    From this org
    $1,217,420
    From related orgs
    $0
    Other
    $38,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $473,012
    Bonus
    $724,058
    Other
    $20,350
    Deferred
    $12,200
    Nontaxable benefits
    $26,717
    Filer's total
    $1,256,337

  • RYAN GRAVES MD

    PHYSICIAN

    Total calculated
    $928,623
    From this org
    $892,414
    From related orgs
    $0
    Other
    $36,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $518,927
    Bonus
    $353,391
    Other
    $20,096
    Deferred
    $12,200
    Nontaxable benefits
    $24,009
    Filer's total
    $928,623

  • DAVID BIXBY

    FORMER SECRETARY

    Total calculated
    $1,713,318
    From this org
    $0
    From related orgs
    $1,364,975
    Other
    $348,343
    Hours/week
    0 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,414 related
    Bonus
    $0 + $938,190 related
    Other
    $0 + $93,371 related
    Deferred
    $0 + $346,108 related
    Nontaxable benefits
    $0 + $2,235 related
    Filer's total
    $0 + $1,713,318 related

  • ELIZABETH AVANT

    FORMER ASSISTANT SECRETARY

    Total calculated
    $158,045
    From this org
    $0
    From related orgs
    $146,583
    Other
    $11,462
    Hours/week
    0 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,604 related
    Bonus
    $0 + $16,341 related
    Other
    $0 + $638 related
    Deferred
    $0 + $4,077 related
    Nontaxable benefits
    $0 + $7,385 related
    Filer's total
    $0 + $158,045 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 — 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 FILING ORGANIZATION, BMGC DOES NOT COMPENSATE OR PROVIDE BENEFITS TO BMGC'S CEO. ALL COMPENSATION AND BENEFITS OF BMGC'S CEO ARE DETERMINED BY BH AND PAID BY BANNER MEDICAL GROUP, BOTH RELATED TAX-EXEMPT ORGANIZATIONS. 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 individuals received severance pay during 2022 (included in Schedule J, Part II, Column (B)(iii): Patrick Rankin - $358,013 Dennis Bierle - $75,856
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXEC 457(F) - COVERED APPROXIMATELY 109 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) - EARLIER OF AGE 62, 5 YEARS FROM DATE OF DEPOSIT, OR RULE OF 80. 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). 2022 457(F) Distributions: Patrick Rankin - $111,895 Shiva Birdi - $29,241 Dennis Bierle - $58,326 David Bixby - $73,458 Carol Karp - $15,902 2022 457(F) Contributions: Shiva Birdi - $22,414 Dennis Bierle - $12,515 Carol Karp - $7,870
Schedule J, Part I, Line 7 Non-fixed payments
1. Some INDIVIDUALS PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2019-2021, 2020-2022, 2021-2023, AND 2022-2024. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BH BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: Starts Rating improvement, Transform Revenue Cycle ($ improvement), and Build Our Bench to Reflect Communities (VOICE, Minority %, Succession. AWARDS ARE CALCULATED AS A PERCENTAGE OF BASE SALARY ON THE LAST DAY OF THE THREE-YEAR CYCLE, AND PPORTUNITY 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 AVERAGE THREE-YEAR 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 BH BOARD COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS OF BH. 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 2019-2021 CYCLE ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) AS BONUS & INCENTIVE COMPENSATION. AMOUNTS ACCRUED FOR 2022 FOR THE 2020-2022, 2021-2023, AND 2022-2024 CYCLES (TO BE PAID OUT IN 2023, 2024 AND 2025 RESPECTIVELY) ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION. 2. BH 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 2022, THERE WERE 1,420 MIP PARTICIPANTS. THE MIP WAS ACCRUED IN 2022 FOR THE 2022 MIP, AND PAYOUTS ON THE 2021 MIP WERE PAID IN 2022. 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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343129349305469

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