Banner Health

Legal name: Banner -University Medical Group

Nonprofit profile at a glance

EIN
942958258
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Phoenix, Arizona, USA
Phone
(602) 747-8157
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$614,544,747
Expenses
$890,709,600
Assets
$131,319,319
Liabilities
$111,378,536

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

Leadership & pay

15 people listed

Executive titles in this filing

  • VENKATA EVANI MD (Co-Chairman / CEO)

Highest reported compensation

  • DONALD NORDLUND (Director / Chief Strategy/Growth Officer - Banner Health): $3,173,659 total reported compensation
  • MARJORIE BESSEL MD (Director / CCO - Banner Health): $2,921,394 total reported compensation
  • STACI DICKERSON (TREASURER): $2,637,238 total reported compensation

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

Overview

Mission

Banner Health's nonprofit mission is to make health care easier, so life can be better. As a nonprofit health system, every dollar earned goes back into communities, not to shareholders.

What it reported doing in 2024

Banner-university medical group (bumg) is comprised of approximately 2,533 physicians. The physicians practice at banner health's hospitals and at numerous hospitals and clinics across tucson, southern Arizona, and Nevada. With the connections to the university of Arizona college of medicine, bumg physicians educate more than 1,300 medical students and train nearly as many postgraduate medical residents annually who will shape the future of health care in Arizona and beyond. Bumg conducts research at the university of Arizona's cancer center, steele children's research center, Arizona arthritis center, sarver heart center, and many other facilities and programs. Continued on schedule o

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 76
  • Accountability: 53
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.9%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 42.9%; rating input score 43; 12th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -44.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -1.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -5.5% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 6 operating locations identified
  • Where the money goes: 100% of revenue deployed · 87.9% of spending went to programs
  • Governance: 3 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $782.7M in reported program spending
  • Leadership: top reported pay $3.2M · 15 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $41.8M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 28 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.

Key Signals

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

  • Moderate — Accountability: Independent voting board scored 43/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.