IRS Form 990 · EIN 90-0532830

Banner Medical Group

Phoenix, AZ 85012-2702 · Tax year 2023

NTEE E31Group Health Practice

$560.7M

Total revenue

$770.7M

Total expenses

$-210.0M

Net income

-37.5%

Operating margin

Financial summary

Compared to 1 organizations with NTEE E31 in AZ

Avg revenue (peers)

$120.5M

This org:$560.7M

Avg net income (peers)

$-64.8M

This org:$-210.0M

Avg top exec comp (peers)

$1.0M

This org (highest):$1.6M

10 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
Michael Saint-Cyr MD	PHYSICIAN	40	$588K	$1.6M
RAJEEV KATHURIA MD	Physician	40	$885K	$1.6M
MARTIN BENOIT MD	PHYSICIAN	40	$919K	$1.4M
JOHN TOTH MD	Physician	40	$668K	$1.4M
GORDON COHEN MD	Physician	40	$990K	$1.2M
SHIVA BIRDI MD	CEO/President/Chair	20	$512K	$1.1M
CAROL KARP	TREASURER/Division CFO	20	$360K	$575K
Monica Bejarano	COO/Secretary	20	$259K	$379K
GARRICK RICHARDS MD	Director/Secretary / COO - Medical Group (Thru Feb 2024)	20	$31K	$203K
DAVID BIXBY	Former Secretary (Termed 6/30/2022)	0	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$560.7M	$770.7M	$-210.0M	$154.3M
2022	$501.7M	$671.3M	$2K	$126.9M
2021	$482.0M	$630.7M	$6K	$206.1M
2020	$416.7M	$563.1M	$3K	$84.6M
2019	$407.3M	$516.5M	$17K	$77.1M
2018	$369.5M	$479.5M	$-110.0M	$47.2M
2017	$416.7M	$470.3M	$-7K	$56.0M
2016	$438.9M	$531.6M	$-92.7M	$77.1M
2015	$424.9M	$499.4M	$-7K	$64.3M

This organization appears to be a hospital. Explore additional data sources: