Banner Medical Group
90% goes to programs $0 to raise $100 Thin reserves Growing revenue
Banner Medical Group is a 501(c)(3) organization based in Phoenix, Arizona, registered in 2012, with $609,389,041 in FY2024 revenue. CharityIndex grades it C+, and it directs about 90% of spending to programs.
2901 N Central Ave Ste 160, Phoenix, AZ, 85012 EIN 90-0532830 Since 2012
Revenue (FY2024)
$609.4M
▲ 8.7% vs prior year
Health median: $840K
Expenses (FY2024)
$822.9M
Net assets
$55.1M
Employees
3,955
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram 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 Medical Group: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
DFinancial health25% of the rating1 mo reserves · -35% 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 Medical Group: 1 mo reserves · -35% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Medical Group: 4 of 6 checks met earns a B 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 Medical Group: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 2901 N Central Ave Ste 160, Phoenix, AZ, 85012
- City
- Phoenix
- State
- Arizona
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $318.9M (FY2013) to $609.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $119.2MNet assets $55.1M
Operating margin
-35.0%
Spent more than it raised in the latest fiscal year.
Total assets
$174.3M
Total liabilities
$119.2M
Net assets
$55.1M
Salaries & benefits
$640.9M
78% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $609,389,041▲8.7% | $822,940,766▲6.8% | $55,147,643▲28.3% | $174,303,495▲13.0% | 990 |
| 2023 | $560,684,471▲11.8% | $770,681,071▲14.8% | $42,986,565▲1.6% | $154,301,996▲21.6% | 990 |
| 2022 | $501,671,533▲4.1% | $671,337,671▲6.4% | $42,300,581▼13.3% | $126,906,730▼38.4% | 990 |
| 2021 | $482,025,672▲15.7% | $630,674,350▲12.0% | $48,783,034▲70.0% | $206,137,720▲144% | 990 |
| 2020 | $416,680,435▲2.3% | $563,058,453▲9.0% | $28,697,751▲668% | $84,581,393▲9.7% | 990 |
| 2019 | $407,251,609▲10.2% | $516,495,464▲7.7% | -$5,051,466▼1610% | $77,090,808▲63.4% | 990 |
| 2018 | $369,460,963▼11.3% | $479,503,795▲2.0% | $334,589▼97.0% | $47,181,163▼15.7% | 990 |
| 2017 | $416,728,271▼5.0% | $470,325,830▼11.5% | $11,087,038▼62.6% | $55,996,491▼27.4% | 990 |
| 2016 | $438,888,467▲3.3% | $531,559,081▲6.4% | $29,637,601▲120% | $77,134,751▲19.9% | 990 |
| 2015 | $424,857,819▲14.9% | $499,354,040▲10.9% | $13,495,797▲1259% | $64,317,254▲60.3% | 990 |
| 2014 | $369,826,246▲16.0% | $450,197,024▲16.2% | -$1,164,266▼107% | $40,122,974▼24.4% | 990 |
| 2013 | $318,894,329 | $387,431,848▲48.8% | $16,965,734▲3.3% | $53,093,343▲26.5% | 990 |
| 2012 | — | $260,309,112 | $16,425,749 | $41,976,543 | 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: Michael Saint-cyr Md — $1,526,281 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Saint-cyr Md | Physician | 40 | $1,526,281 |
| Rajeev Kathuria Md | Physician | 40 | $1,523,754 |
| Martin Benoit Md | Physician | 40 | $1,354,582 |
| John Toth Md | Physician | 40 | $1,333,033 |
| Gordon Cohen Md | Physician | 40 | $1,218,034 |
| Shiva Birdi Md | Ceo/president/chair | 20 | $934,046 |
| Carol Karp | Treasurer/division Cfo | 20 | $529,587 |
| Monica Bejarano | Coo/secretary | 20 | $349,467 |
| Garrick Richards Md | Director/secretary / Coo - Medical Group (thru Feb 2024) | 20 | $199,852 |
| David Bixby | Former Secretary (termed 6/30/2022) | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Healthcare Workforce Logistics Holdings LLC | Medical Staffing | $7,757,914 |
| Chg Companies | Medical Staffing | $5,528,350 |
| Weatherby Locums Inc | Medical Staffing | $2,452,619 |
| Integrity Building Corp | Healthcare & Hospital General Contracting | $1,486,401 |
| Goodmans Interior Structures | Healthcare Furniture | $1,420,773 |
Grants received · $85K total
2 grants to Banner Medical Group totaling $85K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Society of Clinical Oncology | Contribution | 2022 | $25,000 |
| American Society of Clinical Oncology | Contribution | 2021 | $60,000 |
Grants made · $7,000 in FY2014
1 grant totaling $7,000 in FY2014. All grants made by Banner Medical Group →
| Recipient | Purpose | Amount |
|---|---|---|
| Weld Legacy Foundation | General support | $7,000 |
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Frequently asked questions
- Is Banner Medical Group a legitimate nonprofit?
- Yes. Banner Medical Group is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-0532830, based in Phoenix, Arizona. Donations are tax-deductible.
- What is Banner Medical Group's EIN?
- Banner Medical Group's Employer Identification Number (EIN) is 90-0532830.
- How much revenue does Banner Medical Group report?
- Banner Medical Group reported $609,389,041 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Banner Medical Group's spending goes to programs?
- Banner Medical Group spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Banner Medical Group have?
- CharityIndex grades Banner Medical Group C+, based on program efficiency and fundraising cost.
- How much does Banner Medical Group's highest-paid employee make?
- The highest reported compensation on Banner Medical Group's latest Form 990 is $1,526,281, paid to Michael Saint-cyr Md (Physician).
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Data for Banner Medical Group (EIN 90-0532830) 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.