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Nonprofiteer
← BANNER-UNIVERSITY MEDICAL GROUP

Form 990 for tax year 2022

Filed by BANNER-UNIVERSITY MEDICAL GROUP.

Totals

Total revenue
$487,837,050
Total expenses
$636,011,874
Contributions and grants received
$876,272
Grants paid
$1,400,684
Program services expenses (Part IX)
$567,480,305
Management and general expenses
$68,531,569
Fundraising expenses
$0
Program service expenses (Part III)
$567,480,305

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHAD WHELAN

    Division President (through 9/1/22)

    Total calculated
    $884,962
    From this org
    $815,540
    From related orgs
    $0
    Other
    $69,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $752,174
    Bonus
    $40,987
    Other
    $22,379
    Deferred
    $51,586
    Nontaxable benefits
    $17,836
    Filer's total
    $884,962

  • DENNIS LARAWAY

    Director/Treasurer / CFO - Banner Health

    Total calculated
    $3,071,412
    From this org
    $0
    From related orgs
    $2,565,572
    Other
    $505,840
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $973,581 related
    Bonus
    $0 + $1,388,473 related
    Other
    $0 + $203,518 related
    Deferred
    $0 + $483,779 related
    Nontaxable benefits
    $0 + $22,061 related
    Filer's total
    $0 + $3,071,412 related

  • GEORGE DAMRON

    VP Financial Operations & Division CFO (through 8/20/22)

    Total calculated
    $875,487
    From this org
    $0
    From related orgs
    $823,527
    Other
    $51,960
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,165 related
    Bonus
    $0 + $279,698 related
    Other
    $0 + $255,664 related
    Deferred
    $0 + $35,687 related
    Nontaxable benefits
    $0 + $16,273 related
    Filer's total
    $0 + $875,487 related

  • LARRY GOLDBERG

    President/Co-Chairman (through 3/4/2022)

    Total calculated
    $976,481
    From this org
    $0
    From related orgs
    $967,853
    Other
    $8,628
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,342 related
    Bonus
    $0 + $732,542 related
    Other
    $0 + $79,969 related
    Deferred
    $0 + $6,243 related
    Nontaxable benefits
    $0 + $2,385 related
    Filer's total
    $0 + $976,481 related

  • LISA RUNLEY

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL DAKE

    Co-Chairman

    Total calculated
    $0
    Hours/week
    2

  • VENKATA EVANI MD

    Co-Chairman / CEO

    Total calculated
    $806,058
    From this org
    $700,831
    From related orgs
    $0
    Other
    $105,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $498,582
    Bonus
    $160,865
    Other
    $41,384
    Deferred
    $87,691
    Nontaxable benefits
    $17,536
    Filer's total
    $806,058

  • DONALD NORDLUND

    Director / Chief Strategy/Growth Officer - Banner Health

    Total calculated
    $2,391,806
    From this org
    $0
    From related orgs
    $1,564,909
    Other
    $826,897
    Hours/week
    8 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,488 related
    Bonus
    $0 + $873,703 related
    Other
    $0 + $91,718 related
    Deferred
    $0 + $808,093 related
    Nontaxable benefits
    $0 + $18,804 related
    Filer's total
    $0 + $2,391,806 related

  • GUY REED

    Director

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE BESSEL MD

    Director / CCO - Banner Health

    Total calculated
    $2,476,380
    From this org
    $0
    From related orgs
    $1,675,989
    Other
    $800,391
    Hours/week
    8 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $641,373 related
    Bonus
    $0 + $921,847 related
    Other
    $0 + $112,769 related
    Deferred
    $0 + $783,112 related
    Nontaxable benefits
    $0 + $17,279 related
    Filer's total
    $0 + $2,476,380 related

  • MICHAEL ABECASSIS

    Director

    Total calculated
    $0
    Hours/week
    2

  • EVAN LEDERMAN MD

    Physician

    Total calculated
    $1,317,231
    From this org
    $1,304,518
    From related orgs
    $0
    Other
    $12,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,079,116
    Bonus
    $200,000
    Other
    $25,402
    Deferred
    $9,462
    Nontaxable benefits
    $3,251
    Filer's total
    $1,317,231

  • MICHAEL MURRAY MD

    Physician

    Total calculated
    $1,148,802
    From this org
    $1,110,373
    From related orgs
    $0
    Other
    $38,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,171
    Bonus
    $618,522
    Other
    $24,680
    Deferred
    $11,187
    Nontaxable benefits
    $27,242
    Filer's total
    $1,148,802

  • RISHI GOSALIA MD

    Physician

    Total calculated
    $1,156,574
    From this org
    $1,113,707
    From related orgs
    $0
    Other
    $42,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,956
    Bonus
    $1,090,765
    Other
    $19,986
    Deferred
    $12,200
    Nontaxable benefits
    $30,667
    Filer's total
    $1,156,574

  • TAMIM SULTANI MD

    Physician

    Total calculated
    $1,347,710
    From this org
    $1,328,709
    From related orgs
    $0
    Other
    $19,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,481
    Bonus
    $1,247,088
    Other
    $1,140
    Deferred
    $9,363
    Nontaxable benefits
    $9,638
    Filer's total
    $1,347,710

  • WILBER SU MD

    Physician

    Total calculated
    $1,336,179
    From this org
    $1,296,006
    From related orgs
    $0
    Other
    $40,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,069,628
    Bonus
    $204,750
    Other
    $21,628
    Deferred
    $12,200
    Nontaxable benefits
    $27,973
    Filer's total
    $1,336,179

  • CAROL KARP

    Former Director

    Total calculated
    $520,594
    From this org
    $0
    From related orgs
    $481,976
    Other
    $38,618
    Hours/week
    0 + 40 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

  • SCOTT HOFFERBER

    Former Officer

    Total calculated
    $415,449
    From this org
    $375,831
    From related orgs
    $0
    Other
    $39,618
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $229,436
    Bonus
    $107,421
    Other
    $38,974
    Deferred
    $17,281
    Nontaxable benefits
    $22,337
    Filer's total
    $415,449

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 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 in 2022 (included in Schedule J, Part II, Column (B)(iii): George Damron - $156,077
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: Marjorie Bessel - $89,190 Dennis Laraway - $175,644 Donald Nordlund - $68,337 Carol Karp - $15,902 Larry Goldberg - $78,344 George Damron - $75,621 Scott Hofferber - $19,057 Venkata Evani - $17,308 2022 457(F) Contributions: Marjorie Bessel - $71,751 Dennis Laraway - $124,120 Donald Nordlund - $66,327 Carol Karp - $7,870 George Damron - $24,014 Chad Whelan -$39,386 Venkata Evani - $24,714
Schedule J, Part I, Line 7 Non-fixed payments
1. SOME INDIVIDUALS PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2019-2021, 2020-2022, 2021-2023, AND 2022-2024. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: Starts Rating improvement, Transform Revenue Cycle ($ improvement), and Build Our Bench to Reflect Communities (VOICE, Minority %, Succession. 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 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 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. 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 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

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
202313139349302771

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