Banner Health

Nonprofit profile at a glance

EIN
450233470
IRS 990 coverage
2010–2024
Official website data refreshed
Jun 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Phoenix, AZ, USA
Phone
6027474000
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$10,839,690,022
Expenses
$9,313,327,921
Assets
$17,653,604,464
Liabilities
$7,712,504,965

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • PETER S FINE (CHIEF EXECUTIVE OFFICER)
  • AMY PERRY (PRESIDENT)
  • MARY SCHUBERT (Executive Director, Legal Services & Assistant Secretary)
  • DANIEL POST (Chief Executive Officer - Large Facility)
  • DEBRA FLORES (Chief Executive Officer - Large Facility)
  • LAMONT YODER (DIVISION PRESIDENT)

Highest reported compensation

  • PETER S FINE (CHIEF EXECUTIVE OFFICER): $13,535,312 total reported compensation
  • AMY PERRY (PRESIDENT): $9,052,648 total reported compensation
  • DONALD NORDLUND (EVP, CHIEF STRATEGY & GROWTH OFFICER): $3,173,659 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Making health care easier, so life can be better. Banner Health is one of the nation's largest nonprofit health systems, serving communities across six states with 33 hospital locations, more than 400 outpatient sites, health insurance plans and nearly 60,000 team members. We don’t answer to shareholders. We answer to our neighbors, families and the patients we serve every day. What makes us different? We're fully integrated. We deliver advanced care, manage insurance for more than 1 million members, conduct groundbreaking research and train the next generation of physicians, all working together under one mission driven system. This integration means easier access, better coordinated care, more affordable costs and health issues addressed.

What it reported doing in 2024

See schedule o

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 81
  • Accountability: 95
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.9; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 80.6% of revenue deployed · 90.4% of spending went to programs
  • Governance: 12 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5B in reported program spending
  • Leadership: top reported pay $13.5M · 37 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.5B reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 110 filed money-flow records
  • Related organizations: 135 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.