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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Banner Medical Group

Banner Medical Group

Fiscal year ending 2024. Filed on November 7, 2025.

2901 N Central Ave Suite 160
Ste 160
Phoenix, Arizona 85012

Banner Medical Group (EIN: 90-0532830) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Banner Medical Group, a 501(c)(3) charitable organization, reported compensation for 10 out of 3,955 total employees. Among the employees shown here, the average compensation is $974,128. The highest compensated employee at Banner Medical Group is Michael Saint-Cyr, M.D. with fiscal year 2024 compensation of $1,560,337.

Revenue, expenses, and employee compensation

Revenue

$609,389,041

Expenses

$822,940,766

Employee compensation

$640,892,774
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Saint-Cyr, M.D.
Physician
$1,560,337
$1,526,281 No related comp$34,056
Rajeev Kathuria, M.D.
Physician
$1,558,590
$1,523,754 No related comp$34,836
Martin Benoit, M.D.
Physician
$1,397,707
$1,354,582 No related comp$43,125
John Toth, M.D.
Physician
$1,374,217
$1,333,033 No related comp$41,184
Gordon Cohen, M.D.
Physician
$1,245,025
$1,218,034 No related comp$26,991
Shiva Birdi, M.D.
Ceo/President/Chair
$1,113,721
$934,046 No related comp$179,675
Carol Karp
Treasurer/Division CFO
$575,087
$529,587 No related comp$45,500
Monica Bejarano
Chief Operating Officer and Secretary
$378,795
$349,467 No related comp$29,328
David Bixby
Former Secretary (Termed 6/30/2022)
$334,657
$0 $258,418 $76,239
Garrick Richards, M.D.
Director/Secretary / COO - Medical Group (Thru Feb 2024)
$203,142
$199,852 No related comp$3,290

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Healthcare Workforce Logistics Holdings LLC
Medical Staffing
$7,757,914
Chg Companies Inc.
Medical Staffing
$5,528,350
Weatherby Locums Inc
Medical Staffing
$2,452,619
Integrity Building Corp
Healthcare and Hospital General Contracting
$1,486,401
Goodmans Interior Structures
Healthcare Furniture
$1,420,773

Mission Statement

TO ASSIST BANNER HEALTH COMPLETE ITS MISSION, BANNER MEDICAL GROUP (BMG) WAS CREATED TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.

Revisions to this organization profile

November 7, 2025:
2024 Banner Medical Group 990 filed
November 5, 2024:
2023 Banner Medical Group 990 filed
November 8, 2023:
2022 Banner Medical Group 990 filed

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Banner Medical Group Colorado
Phoenix, Arizona