Banner-University Medical Group
- Assets
- $98.8m
- Revenue
- $487.8m
- Investments
- $30.4k
- Employees
- 3,362
- Location
- Phoenix, AZ
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 94-2958258
Organization Overview
Banner-University Medical Group is located in Phoenix, AZ. The organization was established in 1985. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Banner-University Medical Group employed 3,362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner-University Medical Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Banner-University Medical Group generated $487.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $636.0m during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST BANNER HEALTH (BH) COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BANNER-UNIVERSITY MEDICAL GROUP (BUMG) IS COMPRISED OF APPROXIMATELY 1,000 PHYSICIANS. THE PHYSICIANS PRACTICE AT BH'S HOSPITALS AND AT NUMEROUS HOSPITALS AND CLINICS ACROSS TUCSON, SOUTHERN ARIZONA, AND NEVADA. WITH THE CONNECTIONS TO THE UNIVERSITY OF ARIZONA COLLEGE OF MEDICINE, BUMG PHYSICIANS EDUCATE MORE THAN 500 MEDICAL STUDENTS AND TRAIN NEARLY AS MANY POSTGRADUATE MEDICAL RESIDENTS ANNUALLY. THEY ALSO CONDUCT RESEARCH AT THE UNIVERSITY OF ARIZONA'S CANCER CENTER, STEELE CHILDREN'S RESEARCH CENTER, ARIZONA ARTHRITIS CENTER, SARVER HEART CENTER, AND MANY OTHER FACILITIES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Division President (through 9/1/22) | OfficerTrustee | 40 | $815,540 |
Name Not Listed Director/treasurer / CFO - Banner Health | OfficerTrustee | 2 | $0 |
Name Not Listed VP Financial Operations & Division CFO (through 8/20/22) | OfficerTrustee | 2 | $0 |
Name Not Listed President/co-Chairman (through 3/4/2022) | OfficerTrustee | 40 | $0 |
Name Not Listed Secretary | OfficerTrustee | 4 | $0 |
Name Not Listed Co-Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Workforce Logistics Holdings Llc Medical Staffing | 12/30/22 | $8,734,524 |
Arizona Urology Specialists Pllc Medical Services | 12/30/22 | $1,627,044 |
Scribe One Limited Llc Medical Staffing | 12/30/22 | $1,248,771 |
Weatherby Locums Inc Medical Staffing | 12/30/22 | $944,750 |
Arizona Center For Hand Surgery Pc Medical Staffing | 12/30/22 | $851,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $551,669 |
| Government grants | $190,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $876,272 |
| Total Program Service Revenue | $486,960,736 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,837,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400,684 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,892,205 |
| Compensation of current officers, directors, key employees. | $1,892,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,804,586 |
| Pension plan accruals and contributions | $8,833,446 |
| Other employee benefits | $25,214,106 |
| Payroll taxes | $21,460,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $331,685 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,250,257 |
| Advertising and promotion | $26,874 |
| Office expenses | $623,555 |
| Information technology | $440,859 |
| Royalties | $0 |
| Occupancy | $3,417,273 |
| Travel | $918,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,013 |
| Interest | $454,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,478,854 |
| Insurance | $12,345,731 |
| All other expenses | $10,308,762 |
| Total functional expenses | $636,011,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,469,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,594,186 |
| Net Land, buildings, and equipment | $11,373,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,406 |
| Investments—program-related | $0 |
| Intangible assets | $39,832 |
| Other assets | $13,270,389 |
| Total assets | $98,779,478 |
| Accounts payable and accrued expenses | $56,542,155 |
| Grants payable | $0 |
| Deferred revenue | $3,267,755 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,261,397 |
| Total liabilities | $77,071,307 |
| Net assets without donor restrictions | $21,677,765 |
| Net assets with donor restrictions | $30,406 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,779,478 |