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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 Portercare Adventist Health System

Portercare Adventist Health System

Fiscal year ending 2023. Filed on November 15, 2024.

6061 S Willow Drive
C
Greenwood Village, Colorado 80111

Portercare Adventist Health System (EIN: 84-0438224) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Portercare Adventist Health System, a 501(c)(3) charitable organization, reported compensation for 28 out of 492 total employees. Among the employees shown here, the average compensation is $1,564,050. The highest compensated employee at Portercare Adventist Health System is Banko Peter with fiscal year 2023 compensation of $8,978,109.

Revenue, expenses, and employee compensation

Revenue

$731,175,522

Expenses

$824,419,557

Employee compensation

$327,817,288
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Banko Peter
Former Officer
$8,978,109
$0 $8,101,604 $876,505
Gaasch Andrew
Treasurer/Cfo (End 8/23)
$3,361,500
$0 $3,099,191 $262,309
Enderson Dan
Sec/Group President/Cfo (Beg 8/23)
$3,327,242
$0 $3,016,062 $311,180
Rathbun Paul
Director (End 8/23)
$3,159,893
$0 $2,655,900 $503,993
Banks David
Director/Chairman (Beg 11/23)
$2,385,812
$0 $2,205,351 $180,461
Randolph Karsten
Director/Multi State CFO (Beg 8/23)
$2,368,832
$0 $2,198,983 $169,849
Bacon Kenneth
Dir/Chairman Multi State CEO (End 11/23)
$2,044,666
$0 $1,770,929 $273,737
Rajpalmd Sharad
Surgeon-Neuro
$1,722,350
$1,672,543 No related comp$49,807
Folkenberg Todd
CEO Porter Adventist Hospital
$1,426,522
$0 $1,270,050 $156,472
Jennings M.D. Jason
Surgeon-Orthopedic
$1,215,781
$1,163,346 No related comp$52,435
Yang M.D. Charlie
Surgeon-Orthopedic
$1,207,282
$1,158,921 No related comp$48,361
Miner M.D. Todd
Surgeon-Orthopedic
$1,164,229
$1,109,169 No related comp$55,060

Benchmark Employee Compensation

Non-Employee Board Members

Houmann Lars
Director
$24,761
$0 $24,761 No other comp
Thurber Gary
Director
$6,503
$0 $6,503 No other comp
Thurber John Mic
Director
$5,706
$0 $5,706 No other comp

Contractors

South Denver Cardiology Associates PC
Cardiology
$35,255,450
Centura Health Corporation
Billing IT and Lab
$26,612,487
Neurosurgery One
Neuro/Spine
$11,281,562
Hss Security
Security
$7,631,921
Peak Gastroenterology Associates
Gastroenterology
$6,225,849

Mission Statement

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Revisions to this organization profile

November 17, 2025:
2024 Portercare Adventist Health System 990 filed
November 15, 2024:
2023 Portercare Adventist Health System 990 filed
May 15, 2023:
2022 Portercare Adventist Health System 990 filed

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