Banner University Family Care
501(c)(3)
91% goes to programs Growing revenue
Banner University Family Care is a 501(c)(3) organization based in Phoenix, Arizona, registered in 2017, with $1,956,614,522 in FY2024 revenue. CharityIndex grades it B+, and it directs about 91% of spending to programs.
2901 N Central Ave Ste 160, Phoenix, AZ, 85012 EIN 46-3766901 Since 2017
Revenue (FY2024)
$2.0B
▼ 0.8% vs prior year
Expenses (FY2024)
$1.9B
Net assets
$222.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
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 →A+Program efficiency40% of the rating91% to programs
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 University Family Care: 91% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +3% 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 University Family Care: 1 mo reserves · +3% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 University Family Care: 5 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 University Family Care: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Manage and coordinate the delivery of quality health care services to enrollees under a contract with the arizona health care cost containment system in arizona.
Contact & location
Financial trends
Revenue grew from $836.8M (FY2018) to $2.0B (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $308.0MNet assets $222.4M
Operating margin
3.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$530.4M
Total liabilities
$308.0M
Net assets
$222.4M
Salaries & benefits
$48.8M
3% of expenses
Board members
6
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,956,614,522▼0.8% | $1,896,908,674▲1.6% | $222,383,968▲36.7% | $530,402,142▼19.5% | 990 |
| 2023 | $1,971,586,820▲9.4% | $1,866,830,894▲7.7% | $162,678,120▼30.2% | $658,933,680▼25.9% | 990 |
| 2022 | $1,802,728,081▲12.2% | $1,733,224,564▲12.5% | $232,922,194▲42.5% | $888,861,967▲58.2% | 990 |
| 2021 | $1,606,598,684▲12.9% | $1,540,786,421▲11.6% | $163,418,677▲67.4% | $561,977,146▲41.6% | 990 |
| 2020 | $1,422,835,077▲17.6% | $1,381,227,272▲13.8% | $97,606,414▲74.3% | $396,749,791▼5.3% | 990 |
| 2019 | $1,209,421,487▲44.5% | $1,213,328,249▲43.1% | $55,999,193▼1.9% | $419,125,808▲35.0% | 990 |
| 2018 | $836,821,216 | $848,015,665 | $57,105,955 | $310,409,718 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Joel Sinykin | Director | 2 | — |
| Ann Elizabeth Mathias | Director | 2 | — |
| Charles Lehn | Director/division President | 2 | — |
| Clinton Clarke | Vice President/cmo | 20 | — |
| Cori Norgaard | Senior Director | 20 | — |
| Crystal Waitkus | Secretary/assistant General Counsel | 2 | — |
| Donna Sickler | Treasurer/vp Finance | 20 | — |
| James Stringham | Director/vice President/ceo | 20 | — |
| Jean Fitterer Lance | Secretary | 2 | — |
| Jennifer Brooks | Vp, Aso Administrator | 20 | — |
| Joseph Gregory Md | Director | 2 | — |
| Matt Hall | Executive Director, It Insurance Division | 20 | — |
| Michael Brown | Senior Medical Director | 20 | — |
| Mike Brady | Executive Director, Cfo Medicaid | 20 | — |
| Natalya Faynboym | Senior Director/cmo | 20 | — |
| Sandra Stein | Senior Director/cmo | 20 | — |
| Shae Nafaji-piper | Director | 2 | — |
| Susan Benedetti | Senior Director, Chso Phso | 0 | — |
| Vicki Knight | Senior Medical Director | 20 | — |
| Zacary Aters | Executive Director, Chief Actuary | 20 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| None | — | — |
Frequently asked questions
- Is Banner University Family Care a legitimate nonprofit?
- Yes. Banner University Family Care is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-3766901, based in Phoenix, Arizona.
- What is Banner University Family Care's EIN?
- Banner University Family Care's Employer Identification Number (EIN) is 46-3766901.
- How much revenue does Banner University Family Care report?
- Banner University Family Care reported $1,956,614,522 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Banner University Family Care's spending goes to programs?
- Banner University Family Care spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Banner University Family Care have?
- CharityIndex grades Banner University Family Care B+, based on program efficiency and fundraising cost.
- How much does Banner University Family Care's highest-paid employee make?
- The highest reported compensation on Banner University Family Care's latest Form 990 is $0, paid to Aaron Joel Sinykin (Director).
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Data for Banner University Family Care (EIN 46-3766901) 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.