Banner Health

EIN: 450233470 501(c)(3) Health Care

PHOENIX, AZ

Total Revenue
$9,479,573,911
Total Expenses
$8,672,348,619
Total Assets
$15,047,925,041
Net Assets
$7,827,547,998
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
AZ
Phone
6027474000
Tax Period
2023-01-01 to 2023-12-31

Banner Health, founded in 1938, is a large national nonprofit in the Health Care sector that reported $9.5B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.7B left a modest 9% surplus.

Mission

BANNER HEALTH'S NONPROFIT MISSION IS "MAKING HEALTH CARE EASIER, SO LIFE CAN BE BETTER".

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,040,803
Program Service Revenue $9,131,679,003
Investment Income $241,076,829
Other Revenue $5,777,276
TOTAL REVENUE $9,479,573,911

Expense Breakdown

Grants Paid $31,275,339
Salaries & Benefits $4,282,887,033
Fundraising Expenses $0
Program Expenses $7,875,624,361
Other Expenses $4,358,186,247
TOTAL EXPENSES $8,672,348,619

Year-over-Year Comparison

2023 2022 Change
Revenue $9,479,573,911 $8,495,325,836 +0.1%
Expenses $8,672,348,619 $8,128,108,942 +0.1%
Net Income $807,225,292 $367,216,894 +1.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
13
Employees
51932
Volunteers
3352

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$33,171,633
Total Directors
16
$15,230,876
Key Employees
7
$9,918,965
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/VICE-CHAIR 6.0
Officer Director
$107,500 $0 $107,500
N/A CHIEF EXECUTIVE OFFICER 40.0
Officer Director
$8,178,948 $5,852,428 $14,031,376
N/A DIRECTOR/CHAIRMAN 6.0
Officer Director
$111,500 $0 $111,500
N/A DIRECTOR 4.0
Director
$99,000 $0 $99,000
N/A DIRECTOR 4.0
Director
$91,000 $0 $91,000
N/A DIRECTOR 4.0
Director
$43,500 $0 $43,500
N/A DIRECTOR 4.0
Director
$99,000 $0 $99,000
N/A DIRECTOR 4.0
Director
$95,000 $0 $95,000
N/A DIRECTOR (THRU 06/2023) 4.0
Director
$43,500 $0 $43,500
N/A DIRECTOR 4.0
Director
$91,000 $0 $91,000
N/A DIRECTOR 4.0
Director
$91,000 $0 $91,000
N/A DIRECTOR 4.0
Director
$43,500 $0 $43,500
N/A DIRECTOR 4.0
Director
$43,500 $0 $43,500
N/A DIRECTOR (THRU 06/2023) 4.0
Director
$47,500 $0 $47,500
N/A DIRECTOR 4.0
Director
$91,000 $0 $91,000
N/A DIRECTOR 4.0
Director
$102,000 $0 $102,000
N/A PRESIDENT 40.0
Officer
$3,808,610 $1,828,722 $5,637,332
N/A VP, CHIEF INVESTMENT OFFICER 40.0
Officer
$678,427 $155,292 $833,719
N/A EVP, CHIEF FINANCIAL OFFICER (THRU 03/2023) 40.0
Officer
$1,944,940 $11,219 $1,956,159
N/A EVP, CHIEF STRATEGY & GROWTH OFFICER 40.0
Officer
$1,817,866 $873,358 $2,691,224
N/A DIRECTOR LEGAL OPS & ASSISTANT SECRETARY 40.0
Officer
$153,045 $12,837 $165,882
N/A EVP, CHIEF LEGAL OFFICER & GENERAL COUNSEL 40.0
Officer
$1,087,861 $604,280 $1,692,141
N/A EVP, CHIEF HUMAN RESOURCES OFFICER 40.0
Officer
$1,078,262 $562,040 $1,640,302
N/A EVP, CHIEF CLINICAL OFFICER 40.0
Officer
$2,010,592 $812,343 $2,822,935
N/A EVP, CHIEF FINANCIAL OFFICER 40.0
Officer
$1,012,763 $468,800 $1,481,563
N/A Chief Executive Officer - Large Facility 40.0
Key Emp
$947,091 $242,355 $1,189,446
N/A Chief Executive Officer - Large Facility 40.0
Key Emp
$867,765 $192,162 $1,059,927
N/A DIVISION PRESIDENT 40.0
Key Emp
$1,059,194 $322,536 $1,381,730
N/A Chief Executive Officer - Large Facility 40.0
Key Emp
$989,626 $246,679 $1,236,305
N/A Division President 40.0
Key Emp
$1,075,459 $314,142 $1,389,601
N/A Chief Executive Officer - Large Facility 40.0
Key Emp
$885,914 $192,479 $1,078,393
N/A SVP, ACUTE CARE DELIVERY 40.0
Key Emp
$1,919,390 $664,173 $2,583,563
N/A CHIEF MARKETING OFFICER 40.0
Highest
$1,360,411 $68,287 $1,428,698
N/A SVP, Chief Supply Chain Officer 40.0
Highest
$944,913 $274,741 $1,219,654
N/A SVP, CHIEF INFORMATION OFFICER 40.0
Highest
$1,280,598 $181,078 $1,461,676
N/A CEO & CSO, BANNER RESEARCH 40.0
Highest
$929,252 $15,983 $945,235
N/A SVP, Care Management & CMIO 40.0
Highest
$916,499 $273,652 $1,190,151
N/A FORMER OFFICER 0.0
$526,807 $141,723 $668,530
N/A FORMER OFFICER 0.0
$720,668 $115,140 $835,808
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,479,573,911 $8,672,348,619 $15,047,925,041 $807,225,292
2022 $8,495,325,836 $8,128,108,942 $13,723,050,138 $367,216,894
2021 $8,751,255,377 $8,082,987,870 $14,870,303,928 $668,267,507
2020 $7,472,338,143 $6,985,175,186 $14,496,823,687 $487,162,957
2019 $7,138,466,898 $6,456,059,999 $12,582,869,489 $682,406,899
2018 $6,767,434,029 $6,040,816,623 $10,967,547,022 $726,617,406
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