Banner Medical Group

EIN: 900532830 501(c)(3) Health Care

Phoenix, AZ

Total Revenue
$560,684,471
Total Expenses
$770,681,071
Total Assets
$154,301,996
Net Assets
$42,986,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AZ
Phone
6027474000
Tax Period
2023-01-01 to 2023-12-31

Banner Medical Group, founded in 2009, is a major nonprofit in the Health Care sector that reported $560.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $770.7M exceeded revenue, resulting in a 37% operating deficit.

Mission

ASSIST BANNER HEALTH COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.

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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 $616,475
Program Service Revenue $555,513,828
Investment Income $206,965
Other Revenue $4,347,203
TOTAL REVENUE $560,684,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $595,717,409
Fundraising Expenses $0
Program Expenses $690,647,703
Other Expenses $174,963,662
TOTAL EXPENSES $770,681,071

Year-over-Year Comparison

2023 2022 Change
Revenue $560,684,471 $501,671,533 +0.1%
Expenses $770,681,071 $671,337,671 +0.1%
Net Income $-209,996,600 $-169,666,138 +0.2%
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
3
Independent Members
N/A
Employees
4942
Volunteers
N/A

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
3
$1,906,330
Total Directors
3
$1,906,330
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/TREASURER/Division CFO 20.0
Officer Director
$501,602 $38,565 $540,167
N/A Director/Secretary / COO - Medical Group 20.0
Officer Director
$376,226 $40,616 $416,842
N/A Director/CEO - BMG 20.0
Officer Director
$764,594 $184,727 $949,321
N/A Physician 40.0
Highest
$1,267,967 $24,944 $1,292,911
N/A Physician 40.0
Highest
$1,277,730 $38,478 $1,316,208
N/A PHYSICIAN 40.0
Highest
$1,375,021 $40,452 $1,415,473
N/A Physician 40.0
Highest
$1,558,800 $36,865 $1,595,665
N/A PHYSICIAN 40.0
Highest
$1,561,312 $30,056 $1,591,368
N/A Former Secretary 0.0
$0 $141,723 $668,530
N/A Former COO - Medical Group 0.0
$109,490 $2,615 $112,105
N/A FORMER ASSISTANT SECRETARY 0.0
$0 $12,837 $165,882
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 $560,684,471 $770,681,071 $154,301,996 $-209,996,600
2022 $501,671,533 $671,337,671 $126,906,730 $-169,666,138
2021 $482,025,672 $630,674,350 $206,137,720 $-148,648,678
2020 $416,680,435 $563,058,453 $84,581,393 $-146,378,018
2019 $407,251,609 $516,495,464 $77,090,808 $-109,243,855
2018 $369,460,963 $479,503,795 $47,181,163 $-110,042,832
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