Banner Health Foundation

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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

1978

Legal Domicile

Phone

6027474483

Tax Period

2024-01-01 to 2024-12-31

Banner Health Foundation, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $39.2M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Net assets of $163.4M represent 50 months of operating reserves.

Mission

ESTABLISHED IN 2001, BANNER HEALTH FOUNDATION SECURES AND STEWARDS CHARITABLE CONTRIBUTIONS TO ADVANCE BANNER HEALTH'S MISSION, INVESTING IN FACILITIES AND PROGRAMS THAT SUPPORT ADVANCEMENTS IN CARE, RESEARCH, MEDICAL EDUCATION, PATIENT SERVICES, AND A VARIETY OF COMMUNITY BENEFITS.

Program Service Accomplishments

Program 1

Expenses: $38,383,357 Revenue: $1,212

THE BANNER HEALTH FOUNDATION FOSTERS A SPIRIT OF GIVING BY MAKING HEALTHCARE SOLUTIONS A REALITY FOR OUR COMMUNITY. CONTRIBUTIONS MADE TO THE FOUNDATION ARE INVESTED LOCALLY IN BANNER HEALTH'S...

THE BANNER HEALTH FOUNDATION FOSTERS A SPIRIT OF GIVING BY MAKING HEALTHCARE SOLUTIONS A REALITY FOR OUR COMMUNITY. CONTRIBUTIONS MADE TO THE FOUNDATION ARE INVESTED LOCALLY IN BANNER HEALTH'S NOT-FOR-PROFIT FACILITIES AND PROGRAMS TO ADVANCE HEALTH AND WELLNESS. CARING FOR THE FUTURE OF ARIZONA SINCE 1978, BANNER HEALTH FOUNDATION IS SUPPORTED BY THE GENEROSITY OF INDIVIDUAL DONORS, THE PUBLIC AND PRIVATE SECTORS, AND HUNDREDS OF ACTIVE VOLUNTEERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,744,281

Program Service Revenue $0

Investment Income $9,948,513

Other Revenue $-523,281

TOTAL REVENUE $39,169,513

Expense Breakdown

Grants Paid $32,502,004

Salaries & Benefits $5,711,408

Fundraising Expenses $318,887

Program Expenses $38,383,357

Other Expenses $1,640,283

TOTAL EXPENSES $40,172,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,169,513	$25,703,563	+0.5%
Expenses	$40,172,582	$25,395,316	+0.6%
Net Income	$-1,003,069	$308,247	-4.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

168

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

$981,461

Total Directors

$2,581,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA PETERSEN	DIRECTOR/PRESIDENT/CEO	36.0	Officer Director	$909,654	$71,807	$981,461
MI-AI PARRISH	DIRECTOR/VICE CHAIRMAN	4.0	Officer Director	$0	$0	$0
SUSAN ANABLE	DIRECTOR/SECRETARY	4.0	Officer Director	$0	$0	$0
TONY ASTORGA	DIRECTOR/CHAIRMAN/TREASURER	6.0	Officer Director	$0	$0	$0
ADAM GOODMAN	DIRECTOR	4.0	Director	$0	$0	$0
ALISON LEWIS	DIRECTOR	4.0	Director	$0	$0	$0
BRUCE WARD	DIRECTOR	4.0	Director	$0	$0	$0
CINDY TEETS	DIRECTOR	4.0	Director	$0	$0	$0
CONNOR TRYHUS	DIRECTOR	4.0	Director	$0	$0	$0
DAVID VAN DENBURGH	DIRECTOR	4.0	Director	$0	$0	$0
GRETCHEN KINSELLA	DIRECTOR	4.0	Director	$0	$0	$0
JEFF STONE	DIRECTOR	4.0	Director	$0	$0	$0
JEREMY SHARPE	DIRECTOR	4.0	Director	$0	$0	$0
JOHN GRAHAM	DIRECTOR	4.0	Director	$0	$0	$0
JOHN STRITTMATTER	DIRECTOR	4.0	Director	$0	$0	$0
JORDAN ROSENBACH	DIRECTOR (AS OF 09/24)	4.0	Director	$0	$0	$0
JP MILLON	DIRECTOR	4.0	Director	$0	$0	$0
KEITH GALBUT	DIRECTOR	4.0	Director	$0	$0	$0
KEN VAN WINKLE	DIRECTOR	4.0	Director	$0	$0	$0
MARK LEDERMAN	DIRECTOR	4.0	Director	$0	$0	$0
MARK PETERSON	DIRECTOR	4.0	Director	$0	$0	$0
MICHAEL BLANTON	DIRECTOR	4.0	Director	$0	$0	$0
MORRIS STEIN	DIRECTOR	4.0	Director	$0	$0	$0
NANCY DAVIS	DIRECTOR	4.0	Director	$0	$0	$0
NICK MANSOUR	DIRECTOR	4.0	Director	$0	$0	$0
RAHUL CHAWLA MD	DIRECTOR	4.0	Director	$0	$41,046	$486,509
SCOTT DOUGLAS	DIRECTOR	4.0	Director	$0	$0	$0
SHARON HARPER	DIRECTOR	4.0	Director	$0	$0	$0
SHIVA BIRDI MD	DIRECTOR	4.0	Director	$0	$179,676	$1,113,722
STEVE HILTON	DIRECTOR	4.0	Director	$0	$0	$0
STEVEN MOAK	DIRECTOR	4.0	Director	$0	$0	$0
STEVEN ORTEGA	DIRECTOR	4.0	Director	$0	$0	$0
THIRU THANGARAITHINAM	DIRECTOR (AS OF 03/24)	4.0	Director	$0	$0	$0
TODD HURST MD	DIRECTOR	4.0	Director	$0	$0	$0
CHRISTY ALTER	SR DIR/VP DEVELOPMENT	40.0	Highest	$347,484	$36,196	$383,680
DEBORAH SHEPPARD	SR DIR/CHIEF DEVELOPMENT OFFICER	40.0	Highest	$250,364	$32,203	$282,567
JENNIFER ROBERTSON	SR DIR/CHIEF DEVELOPMENT OFFICER	40.0	Highest	$233,455	$19,702	$253,157
KRISTIN LESHINSKIE	Senior Director, Chief Development Officer	40.0	Highest	$227,629	$12,045	$239,674
MEGAN BROWNELL	SR DIR/VP COMMUNITY & EXTERNAL RELATIONS	40.0	Highest	$323,762	$41,528	$365,290

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	$39,169,513	$40,172,582	$186,856,486	$-1,003,069
2023	$25,703,563	$25,395,316	$163,710,107	$308,247
2022	$30,126,773	$22,666,456	$144,074,291	$7,460,317
2021	$27,502,678	$19,723,055	$138,766,928	$7,779,623
2020	$19,685,026	$28,530,522	$124,606,717	$-8,845,496
2019	$18,877,452	$26,301,830	$120,225,636	$-7,424,378
2018	$15,627,030	$13,786,507	$116,684,389	$1,840,523