Skip to content
Nonprofiteer
← BANNER MEDICAL GROUP COLORADO

Form 990 for tax year 2023

Filed by BANNER MEDICAL GROUP COLORADO.

Totals

Total revenue
$120,513,263
Total expenses
$185,336,414
Contributions and grants received
$68,101
Grants paid
$0
Program service revenue
$120,358,541
Investment income
$0
Other revenue
$86,621
Total assets, end of year
$24,513,507
Total liabilities, end of year
$24,353,838
Net assets or fund balances, end of year
$159,669
Program services expenses (Part IX)
$175,459,398
Management and general expenses
$9,877,016
Fundraising expenses
$0
Program service expenses (Part III)
$175,459,398

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $58,283

  • 1f · All other contributions, gifts and grants

    $9,818

  • 2a · Program service revenue: Healthcare Services

    total $120,358,541 · related or exempt $120,358,541

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $5,155,944

  • 6b · Less rental expenses

    real property $5,069,323

  • 6c · Rental income or loss

    real property $86,621 · personal property $0

  • 6d · Net rental income or loss

    total $86,621 · excluded $86,621

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $118,045,633 · program services $115,562,451 · management and general $2,483,182

  • 8 · Pension plan contributions

    total $2,984,296 · program services $2,939,227 · management and general $45,069

  • 9 · Other employee benefits

    total $8,916,588 · program services $8,570,956 · management and general $345,632

  • 10 · Payroll taxes

    total $6,542,859 · program services $6,365,604 · management and general $177,255

  • 11f · Fees: investment management

    total $589 · management and general $589

  • 11g · Fees: other

    total $12,503,024 · program services $12,501,653 · management and general $1,371 · fundraising $0

  • 12 · Advertising and promotion

    total $29,301 · management and general $29,301

  • 13 · Office expenses

    total $634,544 · program services $632,377 · management and general $2,167

  • 14 · Information technology

    total $133,523 · program services $121,639 · management and general $11,884

  • 16 · Occupancy

    total $9,326,893 · program services $8,744,458 · management and general $582,435

  • 17 · Travel

    total $178,504 · program services $178,504

  • 20 · Interest

    total $458,815 · management and general $458,815

  • 22 · Depreciation, depletion and amortization

    total $782,022 · program services $782,022

  • 23 · Insurance

    total $3,911,815 · program services $3,900,574 · management and general $11,241

  • 24a · Other expenses: Medical Supplies

    total $7,735,725 · program services $7,735,725

  • 24b · Other expenses: Billing and Coding

    total $5,558,751 · management and general $5,558,751

  • 24c · Other expenses: Recruitment

    total $1,599,722 · program services $1,596,889 · management and general $2,833

  • 24d · Other expenses: Staff Development/Education

    total $665,380 · program services $665,380

  • 24e · All other expenses

    total $5,328,430 · program services $5,161,939 · management and general $166,491 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,848 · end of year $4,862

  • 4 · Accounts receivable

    beginning of year $5,883,141 · end of year $7,229,395

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,373 · end of year $309,676

  • 10a · Land, buildings and equipment: cost or other basis

    $15,791,378

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,932,368

  • 10c · Land, buildings and equipment, net

    beginning of year $7,031,393 · end of year $6,859,010

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,845,078 · end of year $10,110,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,329,210 · end of year $13,641,299

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,102,245 · end of year $10,712,539

  • 27 · Net assets without donor restrictions

    beginning of year -$564,622 · end of year $159,669

Mission and programs · 2023

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.

  • 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.

    Expenses $175,459,398 · Revenue $120,358,541

As filed on the 2023 return.

Listed in Part VII

  • CAROL KARP

    DIRECTOR/TREASURER/Division CFO

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

    Schedule J breakdown matched by us

    Base
    $0 + $344,762 related
    Bonus
    $0 + $122,430 related
    Other
    $0 + $34,410 related
    Deferred
    $0 + $15,770 related
    Nontaxable benefits
    $0 + $22,795 related
    Filer's total
    $0 + $540,167 related

  • GARRICK RICHARDS MD

    Director/Secretary / COO - Medical Group

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

    Schedule J breakdown matched by us

    Base
    $0 + $267,206 related
    Bonus
    $0 + $88,466 related
    Other
    $0 + $20,554 related
    Deferred
    $0 + $16,536 related
    Nontaxable benefits
    $0 + $24,080 related
    Filer's total
    $0 + $416,842 related

  • SHIVA BIRDI MD

    Director/CEO - BMG

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

    Schedule J breakdown matched by us

    Base
    $0 + $465,459 related
    Bonus
    $0 + $244,763 related
    Other
    $0 + $54,372 related
    Deferred
    $0 + $153,031 related
    Nontaxable benefits
    $0 + $31,696 related
    Filer's total
    $0 + $949,321 related

  • BETH GIBBONS MD

    PHYSICIAN

    Total calculated
    $856,794
    From this org
    $819,000
    From related orgs
    $0
    Other
    $37,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $746,708
    Bonus
    $53,406
    Other
    $18,886
    Deferred
    $13,200
    Nontaxable benefits
    $24,594
    Filer's total
    $856,794

  • DWIGHT SLATER MD

    Physician

    Total calculated
    $943,880
    From this org
    $911,643
    From related orgs
    $0
    Other
    $32,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $699,646
    Bonus
    $211,200
    Other
    $797
    Deferred
    $0
    Nontaxable benefits
    $32,237
    Filer's total
    $943,880

  • MAURICE LYONS MD

    PHYSICIAN

    Total calculated
    $1,032,061
    From this org
    $994,141
    From related orgs
    $0
    Other
    $37,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $649,090
    Bonus
    $322,881
    Other
    $22,170
    Deferred
    $13,200
    Nontaxable benefits
    $24,720
    Filer's total
    $1,032,061

  • NICHOLAS NOCE

    PHYSICIAN

    Total calculated
    $860,765
    From this org
    $819,111
    From related orgs
    $0
    Other
    $41,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $497,014
    Bonus
    $298,728
    Other
    $23,369
    Deferred
    $10,037
    Nontaxable benefits
    $31,617
    Filer's total
    $860,765

  • RYAN GRAVES MD

    PHYSICIAN

    Total calculated
    $1,045,090
    From this org
    $1,007,266
    From related orgs
    $0
    Other
    $37,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $545,774
    Bonus
    $441,363
    Other
    $20,129
    Deferred
    $13,200
    Nontaxable benefits
    $24,624
    Filer's total
    $1,045,090

  • 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
    $0
    From related orgs
    $109,490
    Other
    $2,615
    Hours/week
    0

    Schedule J breakdown matched by us

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

  • 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 FILING ORGANIZATION, BMGC DOES NOT COMPENSATE OR PROVIDE BENEFITS TO BMGC'S CEO. ALL COMPENSATION AND BENEFITS OF BMGC'S CEO ARE DETERMINED BY Banner Health 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 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) CONTRIBUTION: SHIVA BIRDI, MD $25,346 CAROL KARP $7,108 DENNIS BIERLE $2,615
Schedule J, Part I, Line 7 Non-fixed payments
1. SOME INDIVIDUALS PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2020-2022, 2021-2023, 2022-2024 AND 2023-2025. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: STARTS RATING IMPROVEMENT, TRANSFORM REVENUE CYCLE ($ 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).

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
202423109349304107

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.