Banner Health
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Banner Health is a 501(c)(3) organization based in Phoenix, Arizona, registered in 1977, with $10,839,690,022 in FY2024 revenue. CharityIndex grades it A+, and it directs about 90% of spending to programs.
2901 N Central Ave Ste 160, Phoenix, AZ, 85012 EIN 45-0233470 Since 1977
Revenue (FY2024)
$10.8B
▲ 14.3% vs prior year
Health median: $840K
Expenses (FY2024)
$9.3B
Net assets
$9.9B
Employees
59,708
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Banner Health: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Banner Health: 13 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Banner Health: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Banner Health: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Banner health's nonprofit mission is "making health care easier, so life can be better".
Contact & location
- Address
- 2901 N Central Ave Ste 160, Phoenix, AZ, 85012
- City
- Phoenix
- State
- Arizona
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.5B (FY2013) to $10.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.7BNet assets $9.9B
Operating margin
14.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$17.7B
Total liabilities
$7.7B
Net assets
$9.9B
Salaries & benefits
$4.4B
48% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,839,690,022▲14.3% | $9,313,327,921▲7.4% | $9,941,099,499▲27.0% | $17,653,604,464▲17.3% | 990 |
| 2023 | $9,479,573,911▲11.6% | $8,672,348,619▲6.7% | $7,827,547,998▲11.9% | $15,047,925,041▲9.7% | 990 |
| 2022 | $8,495,325,836▼2.9% | $8,128,108,942▲0.6% | $6,993,800,040▼7.7% | $13,723,050,138▼7.7% | 990 |
| 2021 | $8,751,255,377▲17.1% | $8,082,987,870▲15.7% | $7,575,506,639▲8.0% | $14,870,303,928▲2.6% | 990 |
| 2020 | $7,472,338,143▲4.7% | $6,985,175,186▲8.2% | $7,015,002,296▲3.1% | $14,496,823,687▲15.2% | 990 |
| 2019 | $7,138,466,898▲5.5% | $6,456,059,999▲6.9% | $6,801,614,954▲14.3% | $12,582,869,489▲14.7% | 990 |
| 2018 | $6,767,434,029▲4.6% | $6,040,816,623▲4.2% | $5,949,335,450▲1.9% | $10,967,547,022▼2.2% | 990 |
| 2017 | $6,471,226,738▲2.3% | $5,798,241,480▲0.4% | $5,836,008,529▲17.7% | $11,219,408,293▲13.4% | 990 |
| 2016 | $6,326,720,478▲7.7% | $5,774,727,529▲6.4% | $4,958,862,572▲8.6% | $9,892,110,004▲4.1% | 990 |
| 2015 | $5,873,490,598▲23.1% | $5,428,669,563▲24.7% | $4,564,619,166▲2.4% | $9,499,405,153▲13.9% | 990 |
| 2014 | $4,769,437,583▲6.9% | $4,353,104,270▲9.4% | $4,456,323,660▲5.5% | $8,339,421,425▲6.6% | 990 |
| 2013 | $4,462,552,866 | $3,980,289,007▲3.6% | $4,225,104,293▲26.6% | $7,822,359,332▲9.2% | 990 |
| 2012 | — | $3,840,238,518▼2.2% | $3,336,310,810▲22.6% | $7,161,870,437▲13.7% | 990 |
| 2011 | — | $3,925,202,020▼2.4% | $2,721,618,423▼4.8% | $6,298,332,280▲3.3% | 990 |
| 2010 | — | $4,019,945,007 | $2,858,862,626 | $6,096,990,963 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Peter S Fine — $8,571,171 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Peter S Fine | Chief Executive Officer | 40 | $8,571,171 |
| Amy Perry | President | 40 | $4,580,826 |
| Todd S Werner | Svp, Acute Care Delivery | 40 | $2,117,412 |
| Donald Nordlund | Evp, Chief Strategy & Growth Officer | 40 | $2,065,892 |
| Jean Fitterer Lance | Evp, Chief Legal Officer & General Counsel | 40 | $1,956,173 |
| Marjorie Bessel Md | Evp, Chief Clinical Officer | 40 | $1,898,398 |
| Staci Dickerson | Evp, Chief Financial Officer | 40 | $1,710,569 |
| Julie A Alvarado-dubek | Evp, Chief Human Resources Officer | 40 | $1,510,216 |
| Deanna Wise | Svp, Chief Information Officer (thru 03/24) | 40 | $1,441,197 |
| Daniel Post | Chief Executive Officer - Large Facility | 40 | $1,208,515 |
| Michael Reagin | Executive Vp, Chief Technology Officer | 40 | $1,199,818 |
| Margo Karsten | Division President | 40 | $1,138,266 |
| Laura Robertson | Chief Executive Officer - Large Facility | 40 | $1,068,224 |
| Matthew Callister | Senior Physician Executive Oncology & Bmdacc | 40 | $1,045,662 |
| Debra Flores | Chief Executive Officer - Large Facility | 40 | $1,029,410 |
| Charles Bowen | Svp, Chief Supply Chain Officer (thru 01/24) | 40 | $1,011,735 |
| Ramanjit Dhaliwal | Vp, Cmo Delivery | 40 | $957,865 |
| Josh Groesbeck | Senior Vp - Acute Care Comm. Delivery | 40 | $853,804 |
| Brenda Schaefer | Vp, Chief Investment Officer | 40 | $773,577 |
| Lamont Yoder | Division President | 40 | $771,274 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mckesson Corporation | Pharmaceutical | $1,005,441,062 |
| American Express | Financial Services | $222,043,796 |
| Bank of America | Financial Services | $137,681,811 |
| Boston Scientific Corporation | Medical Devices | $85,599,565 |
| Johnson and Johnson Health Care Systems | Pharmaceutical and Medical Devices | $71,949,284 |
Grants received · $8.6M total
84 grants to Banner Health totaling $8.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Target Als Foundation Inc | Scientific research | 2025 | $202,642 |
| Mayo Clinic Group Return | Support charitable programs | 2024 | $55,117 |
| University of Southern California | Subaward | 2023 | $3,159,780 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2023 | $397,532 |
| Trustees of Boston University | Research | 2023 | $91,609 |
| Mayo Clinic Group Return | Support exempt purpose | 2023 | $60,873 |
| Johns Hopkins University | Sub-award | 2023 | $27,415 |
| St Marys Food Bank Alliance | Community food assistance | 2023 | $23,775 |
| Public Health Institute | Research | 2023 | $15,940 |
| Trustees of Boston University | Research research | 2022 | $141,665 |
| Public Health Institute | Research | 2022 | $105,266 |
| Trustees of Columbia University | Research | 2022 | $64,916 |
| Mayo Clinic Group Return | Support charitable programs | 2022 | $56,240 |
| Mayo Clinic | Support charitable programs | 2022 | $54,779 |
| American Cancer Society Inc | Patient support | 2022 | $20,000 |
Grants made · $69.3M in FY2024
73 grants totaling $69.3M in FY2024 — showing the 15 largest. All grants made by Banner Health →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Arizona Foundation | General support | $67,322,090 |
| Mckee Medical Center Foundation | General support | $325,000 |
| Perimeter Bicycling Association of America Inc | General support | $175,000 |
| American Cancer Society | General support | $170,085 |
| Coalition To Strengthen Americas Healthcare | General support | $125,000 |
| School Choice Arizona Inc | General support | $120,000 |
| Greeley Independence Stampede Inc | General support | $57,293 |
| Banner Health Foundation | General support | $50,500 |
| Connect Maricopa | General support | $50,000 |
| American Heart Association Inc | General support | $48,420 |
| Chicanos Por La Causa Inc | General support | $43,200 |
| Alzheimers Disease and Related Disorders Association Inc | General support | $37,250 |
| Ronald Mcdonald House Charities of Central and Northern Arizona Inc | General support | $35,000 |
| Sun Health Foundation | General support | $35,000 |
| Greater Phoenix Economic Council | General support | $30,000 |
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Frequently asked questions
- Is Banner Health a legitimate nonprofit?
- Yes. Banner Health is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-0233470, based in Phoenix, Arizona. Donations are tax-deductible.
- What is Banner Health's EIN?
- Banner Health's Employer Identification Number (EIN) is 45-0233470.
- How much revenue does Banner Health report?
- Banner Health reported $10,839,690,022 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Banner Health's spending goes to programs?
- Banner Health spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Banner Health have?
- CharityIndex grades Banner Health A+, based on program efficiency and fundraising cost.
- How much does Banner Health's highest-paid employee make?
- The highest reported compensation on Banner Health's latest Form 990 is $8,571,171, paid to Peter S Fine (Chief Executive Officer).
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Explore more
Data for Banner Health (EIN 45-0233470) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.