Banner Health
- Assets
- $14.9b
- Revenue
- $8.8b
- Investments
- -$87.9m
- Employees
- 50,471
- Location
- Phoenix, AZ
- Founding
- 01/1977
- Data as of
- 12/2021
- EIN
- 45-0233470
Organization Overview
Banner Health is located in Phoenix, AZ. The organization was established in 1977. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Banner Health employed 50,471 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Banner Health generated $8.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.1b during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Banner Health has awarded 304 individual grants totaling $173,770,944. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BANNER HEALTH'S NONPROFIT MISSION IS "MAKING HEALTH CARE EASIER, SO LIFE CAN BE BETTER".
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Corporation Pharmaceutical | 12/30/21 | $702,989,256 |
Prolink Healthcare Llc Healthcare Consulting | 12/30/21 | $247,514,776 |
American Express Financial Services | 12/30/21 | $181,927,728 |
Professional Respiratory Care Healthcare Consulting | 12/30/21 | $144,334,097 |
Bank Of America Financial Services | 12/30/21 | $115,418,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,876,807 |
| Government grants | $144,142,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,607,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,626,134 |
| Total Program Service Revenue | $8,175,020,841 |
| Investment income | $125,783,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,390,027 |
| Net Gain/Loss on Asset Sales | $278,434,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,751,255,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,429,369 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,591,750,915 |
| Pension plan accruals and contributions | $77,209,250 |
| Other employee benefits | $293,969,538 |
| Payroll taxes | $208,892,105 |
| Fees for services: Management | $21,307,097 |
| Fees for services: Legal | $4,214,521 |
| Fees for services: Accounting | $2,337,577 |
| Fees for services: Lobbying | $3,166,469 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $652,861,000 |
| Advertising and promotion | $18,154,735 |
| Office expenses | $230,895,757 |
| Information technology | $168,027,089 |
| Royalties | $0 |
| Occupancy | $102,013,076 |
| Travel | $2,211,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,820 |
| Interest | $141,136,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,907,028 |
| Insurance | $46,073,559 |
| All other expenses | $136,068,264 |
| Total functional expenses | $8,082,987,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,210,656 |
| Savings and temporary cash investments | $362,354,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,371,132,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,286,225 |
| Inventories for sale or use | $317,780,775 |
| Prepaid expenses and deferred charges | $110,553,426 |
| Net Land, buildings, and equipment | $4,139,055,377 |
| Investments—publicly traded securities | $6,634,773,776 |
| Investments—other securities | -$87,867,639 |
| Investments—program-related | $0 |
| Intangible assets | $298,400,226 |
| Other assets | $997,623,923 |
| Total assets | $14,870,303,928 |
| Accounts payable and accrued expenses | $1,108,143,201 |
| Grants payable | $0 |
| Deferred revenue | $467,305,846 |
| Tax-exempt bond liabilities | $3,713,140,326 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,047,841,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $958,366,876 |
| Total liabilities | $7,294,797,289 |
| Net assets without donor restrictions | $7,395,379,379 |
| Net assets with donor restrictions | $180,127,260 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,870,303,928 |
Grants Awarded
Over the last fiscal year, Banner Health has awarded $23,232,261 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: GENERAL SUPPORT | $22,176,310 |
Greeley, CO PURPOSE: GENERAL SUPPORT | $282,210 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $95,000 |
Phoenix, AZ PURPOSE: GENERAL SUPPORT | $86,000 |
Phoenix, AZ PURPOSE: GENERAL SUPPORT | $79,750 |
Greeley, CO PURPOSE: GENERAL SUPPORT | $51,040 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Banner Health has recieved totaling $406,267.
| Awarding Organization | Amount |
|---|---|
Colorado Rural Health Center Aurora, CO PURPOSE: GRANT PASSTHROUGH | $224,675 |
Colorado Rural Health Center Aurora, CO PURPOSE: GRANT PASSTHROUGH | $181,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventist Health System-West Roseville, CA | $3,327,906,475 | $789,421,387 |
Loma Linda Mercantile Loma Linda, CA | $5,623,174 | $892,472,678 |
Northbay Healthcare Group Fairfield, CA | $886,687,386 | $685,543,580 |
Centura Health Corporation Centennial, CO | $510,479,495 | $478,768,711 |
Health Care La Ipa Thousand Oaks, CA | $137,239,241 | $468,769,852 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Community Hospitals Of Central California Fresno, CA | $153,264,006 | $240,202,775 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
Renown Health Reno, NV | $1,033,752,208 | $203,266,795 |
The Colorado Health Foundation Denver, CO | $3,147,950,102 | $151,395,784 |
Pacific Central Coast Health Centers San Francisco, CA | $98,611,320 | $151,805,152 |
Arch Health Partners Inc Poway, CA | $55,148,296 | $114,017,124 |