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Nonprofiteer
← BANNER-UNIVERSITY MEDICAL GROUP

Form 990 for tax year 2024

Filed by BANNER-UNIVERSITY MEDICAL GROUP.

Totals

Total revenue
$614,544,747
Total expenses
$890,709,600
Contributions and grants received
$2,149,671
Grants paid
$1,646,749
Program service revenue
$612,395,076
Investment income
$0
Other revenue
$0
Total assets, end of year
$131,319,319
Total liabilities, end of year
$111,378,536
Net assets or fund balances, end of year
$19,940,783
Program services expenses (Part IX)
$782,719,446
Management and general expenses
$107,990,154
Fundraising expenses
$0
Program service expenses (Part III)
$782,719,446

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,978,142

  • 1f · All other contributions, gifts and grants

    $171,529

  • 2a · Program service revenue: Healthcare Services

    total $612,395,076 · related or exempt $612,395,076

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,646,749 · program services $1,646,749

  • 5 · Compensation of officers, directors and key employees

    total $1,230,911 · management and general $1,230,911

  • 7 · Other salaries and wages

    total $608,000,755 · program services $594,705,789 · management and general $13,294,966

  • 8 · Pension plan contributions

    total $11,160,990 · program services $10,894,879 · management and general $266,111

  • 9 · Other employee benefits

    total $33,389,757 · program services $32,593,647 · management and general $796,110

  • 10 · Payroll taxes

    total $27,606,283 · program services $26,948,068 · management and general $658,215

  • 11b · Fees: legal

    total $349,091 · management and general $349,091

  • 11g · Fees: other

    total $72,220,065 · program services $67,886,861 · management and general $4,333,204 · fundraising $0

  • 12 · Advertising and promotion

    total $22,049 · program services $22,049

  • 13 · Office expenses

    total $775,817 · program services $729,268 · management and general $46,549

  • 14 · Information technology

    total $100,827 · program services $94,777 · management and general $6,050

  • 16 · Occupancy

    total $6,155,539 · program services $5,786,207 · management and general $369,332

  • 17 · Travel

    total $1,023,148 · program services $961,759 · management and general $61,389

  • 19 · Conferences, conventions and meetings

    total $17,949 · program services $16,872 · management and general $1,077

  • 20 · Interest

    total $5,487,857 · management and general $5,487,857

  • 22 · Depreciation, depletion and amortization

    total $2,879,013 · program services $2,706,272 · management and general $172,741

  • 23 · Insurance

    total $17,231,610 · program services $16,197,713 · management and general $1,033,897

  • 24a · Other expenses: Corporate Allocations

    total $43,031,107 · management and general $43,031,107

  • 24b · Other expenses: Billing and Coding

    total $35,909,323 · management and general $35,909,323

  • 24c · Other expenses: Staff Development/Education

    total $3,513,279 · program services $3,513,279

  • 24d · Other expenses: Medical Supplies

    total $3,253,755 · program services $3,253,755

  • 24e · All other expenses

    total $15,703,726 · program services $14,761,502 · management and general $942,224 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,063 · end of year $4,563

  • 4 · Accounts receivable

    beginning of year $54,759,782 · end of year $93,287,824

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $630,908 · end of year $1,275,238

  • 10a · Land, buildings and equipment: cost or other basis

    $42,140,793

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,068,527

  • 10c · Land, buildings and equipment, net

    beginning of year $17,299,335 · end of year $18,072,266

  • 12 · Investments: other securities

    beginning of year $34,708 · end of year $39,546

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $39,832 · end of year $701,831

  • 15 · Other assets

    beginning of year $17,975,557 · end of year $17,938,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,665,054 · end of year $84,879,108

  • 19 · Deferred revenue

    beginning of year $0 · end of year $45,131

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $21,682,948 · end of year $26,454,297

  • 27 · Net assets without donor restrictions

    beginning of year $19,361,475 · end of year $19,901,237

  • 28 · Net assets with donor restrictions

    beginning of year $34,708 · end of year $39,546

Mission and programs · 2024

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.

Activities or mission (Part I)

ASSIST BANNER HEALTH (BH) COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.

  • 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

    Expenses $782,719,446 · Grants $1,646,749 · Revenue $612,395,076

As filed on the 2024 return.

Listed in Part VII

  • John Arnold

    Secretary (Beginning July)

    Total calculated
    $0
    Hours/week
    4

  • Michael Dake

    Co-Chairman

    Total calculated
    $0
    Hours/week
    4

  • Michael Kupferman MD

    DIRECTOR/SENIOR VP, PHYSICIAN ENTERPRISE

    Total calculated
    $1,534,503
    From this org
    $0
    From related orgs
    $1,419,208
    Other
    $115,295
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,352 related
    Bonus
    $0 + $646,021 related
    Other
    $0 + $256,835 related
    Deferred
    $0 + $87,637 related
    Nontaxable benefits
    $0 + $27,658 related
    Filer's total
    $0 + $1,534,503 related

  • Staci Dickerson

    TREASURER

    Total calculated
    $2,637,238
    From this org
    $0
    From related orgs
    $1,710,569
    Other
    $926,669
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $923,792 related
    Bonus
    $0 + $762,198 related
    Other
    $0 + $24,579 related
    Deferred
    $0 + $902,778 related
    Nontaxable benefits
    $0 + $23,891 related
    Filer's total
    $0 + $2,637,238 related

  • Venkata Evani MD

    Co-Chairman / CEO

    Total calculated
    $1,230,912
    From this org
    $1,075,863
    From related orgs
    $0
    Other
    $155,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,552
    Bonus
    $472,044
    Other
    $54,267
    Deferred
    $135,705
    Nontaxable benefits
    $19,344
    Filer's total
    $1,230,912

  • Fredric Wondisford MD

    DIRECTOR (Termed Oct 2024)

    Total calculated
    $0
    Hours/week
    4

  • Marjorie Bessel MD

    Director / CCO - Banner Health

    Total calculated
    $2,921,394
    From this org
    $0
    From related orgs
    $1,898,397
    Other
    $1,022,997
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $667,670 related
    Bonus
    $0 + $1,118,288 related
    Other
    $0 + $112,439 related
    Deferred
    $0 + $1,003,975 related
    Nontaxable benefits
    $0 + $19,022 related
    Filer's total
    $0 + $2,921,394 related

  • Michael Abecassis

    Director

    Total calculated
    $0
    Hours/week
    4

  • Lisa Rulney

    Secretary (Until July)

    Total calculated
    $0
    Hours/week
    4

  • Evan Lederman MD

    SUPERVISOR, FACULTY PHYSICIAN PROGRAM DIRECTOR - SPORTS MEDICINE

    Total calculated
    $1,892,315
    From this org
    $1,856,456
    From related orgs
    $0
    Other
    $35,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,068,624
    Bonus
    $757,308
    Other
    $30,524
    Deferred
    $8,769
    Nontaxable benefits
    $27,090
    Filer's total
    $1,892,315

  • Khaled Malkawi MD

    Physician

    Total calculated
    $1,698,598
    From this org
    $1,653,050
    From related orgs
    $0
    Other
    $45,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $502,646
    Bonus
    $1,127,754
    Other
    $22,650
    Deferred
    $13,800
    Nontaxable benefits
    $31,748
    Filer's total
    $1,698,598

  • Rishi Gosalia MD

    Physician

    Total calculated
    $1,904,722
    From this org
    $1,856,371
    From related orgs
    $0
    Other
    $48,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $980,957
    Bonus
    $854,204
    Other
    $21,210
    Deferred
    $13,800
    Nontaxable benefits
    $34,551
    Filer's total
    $1,904,722

  • Tamim Sultani MD

    Physician

    Total calculated
    $1,755,303
    From this org
    $1,730,953
    From related orgs
    $0
    Other
    $24,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $987,264
    Bonus
    $719,549
    Other
    $24,140
    Deferred
    $13,800
    Nontaxable benefits
    $10,550
    Filer's total
    $1,755,303

  • Wilber Su MD

    Physician

    Total calculated
    $1,894,146
    From this org
    $1,847,727
    From related orgs
    $0
    Other
    $46,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,067,232
    Bonus
    $758,867
    Other
    $21,628
    Deferred
    $13,800
    Nontaxable benefits
    $32,619
    Filer's total
    $1,894,146

  • Donald Nordlund

    Director / Chief Strategy/Growth Officer - Banner Health

    Total calculated
    $3,173,659
    From this org
    $0
    From related orgs
    $2,065,892
    Other
    $1,107,767
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,551 related
    Bonus
    $0 + $1,217,591 related
    Other
    $0 + $102,750 related
    Deferred
    $0 + $1,087,065 related
    Nontaxable benefits
    $0 + $20,702 related
    Filer's total
    $0 + $3,173,659 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION. SEE SCHEDULE O FOR FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXEC 457(F) - COVERED APPROXIMATELY 100 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS. VESTING OCCURS UPON MEETING VESTING REQUIREMENTS (SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE). AWARDS ARE SUBJECT TO A ROLLING THREE-YEAR VESTING SCHEDULE - OR A TEAM MEMBER REACHES THE AGE OF 65, 3 YEARS FROM THE DATE OF DEPOSIT. TAXATION OCCURS UPON DISTRIBUTION (IF VESTED). THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. PAYOUT AMOUNTS ARE TAXABLE AND INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). DEPOSIT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). 2024 457(F) Distributions: Marjorie Bessel MD $84,496 Venkata Evani MD $27,238 Carol Karp $11,135 Michael Kupferman MD $87,658 Donald Nordlund $74,183 2024 457(F) Contributions: Marjorie Bessel MD $84,560 Staci Dickerson $51,248 Venkata Evani MD $38,935 Carol Karp $7,641 Michael Kupferman MD $73,837 Donald Nordlund $93,538
Schedule J, Part I, Line 7 Non-fixed payments
1. THE INDIVIDUALS IDENTIFIED BELOW PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM, 2022-2024, 2023-2025 AND 2024-2026. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: IMPROVING THE RN EXPERIENCE, EXPANDING MARKET PRESENCE, and JOURNEY TO ZERO HARM . AWARDS ARE CALCULATED AS A PERCENTAGE OF BASE SALARY ON THE LAST DAY OF THE THREE-YEAR CYCLE, AND OPPORTUNITY VARIES BY POSITION LEVEL. THE PLAN REQUIRES A THRESHOLD LEVEL OF FINANCIAL PERFORMANCE BEFORE ANY AWARDS CAN BE MADE, AND THE AMOUNT OF THE AWARDS VARIES WITH THE DEGREE OF ACHIEVEMENT OF THE TARGETS. THE MAXIMUM LTIP PAYOUT OPPORTUNITY RANGES FROM 30% TO 255% OF THE BASE SALARY as of December 31 in the last year of the three-year plan. AWARDS HAVE BEEN ACCRUED UNDER THE LTIP, BUT NO PAYMENTS ARE MADE UNTIL AFTER YEAR-END AND ACHIEVEMENT IS VERIFIED BY THE BANNER HEALTH BOARD COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS OF BANNER HEALTH. ALL LTIP COMPENSATION PAYMENTS ARE REPORTED IN THE INCENTIVE AND BONUS COMPENSATION SHOWN IN SCHEDULE J, PART II, COLUMN (B)(II). AMOUNTS PAID FOR THE 2021-2023 CYCLE ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) AS BONUS & INCENTIVE COMPENSATION. AMOUNTS ACCRUED FOR 2024 FOR THE 2022-2024, 2023-2025, 2024-2026 CYCLES (TO BE PAID OUT IN 2025, 2026, AND 2027 RESPECTIVELY) ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C) AS DEFERRED COMPENSATION. 2. Banner Health HAS A MANAGEMENT INCENTIVE PLAN (MIP) WHICH IS BASED ON COMPANYACHIEVEMENT OF SEVERAL FINANCIAL AND NON-FINANCIAL/CLINICAL QUALITY METRICS THAT ARE ESTABLISHED ANNUALLY BY THE Banner Health BOARD OF DIRECTORS. AWARDS ARE GRANTED AS A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AND VARY WITH THE POSITION LEVEL OF THE PARTICIPATING EMPLOYEE, RANGING FROM 7% TO 110% OF BASE SALARY. IN 2024, THERE WERE 1,441 MIP PARTICIPANTS. THE MIP WAS ACCRUED IN 2023 FOR THE 2024 MIP payout. MIP COMPENSATION IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). 3. Clinical Physicians employed by Banner are typically paid on the basis of a compensation system that incorporates a base salary and a non-fixed productivity component that is based upon the physician's productivity. All bonus and incentive compensation under this plan is included in Schedule J, Part II, Column B(ii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • UNIVERSITY OF ARIZONA

    $1,646,749

    MEDICAL EDUCATION AND RESEARCH

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BANNER - U DENTAL SERVICES LLC

    MEDICAL SVCS · AZ · income $0 · assets $0

    Directly controlled by BUMG

  • BANNER - U HOSPITAL BASED PHYSICIANS

    MEDICAL SVCS · AZ · income $186,022,695 · assets $39,750,358

    Directly controlled by BUMG

  • BANNER - U PHYSICIAN SPECIALISTS LLC

    MEDICAL SVCS · AZ · income $333,390,525 · assets $71,240,731

    Directly controlled by BUMG

  • BANNER - U SUPER SPECIALISTS LLC

    MEDICAL SVCS · AZ · income $0 · assets $0

    Directly controlled by BUMG

  • BANNER-UMG INTEGRATED HEALTH CLINIC LLC

    MEDICAL SVCS · AZ · income $0 · assets $0

    Directly controlled by BUMG

  • BANNER - U PRIMARY CARE PHYSICIANS LLC

    MEDICAL SVCS · AZ · income $95,131,526 · assets $20,328,230

    Directly controlled by BUMG

  • BANNER-UMG PEDIATRIC SLEEP LLC

    MEDICAL SVCS · AZ · income $0 · assets $0

    Directly controlled by BUMG

  • BANNER-UMG ADULT SLEEP LLC

    MEDICAL SVCS · AZ · income $0 · assets $0

    Directly controlled by BUMG

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BHSM REHABILITATION LLC

    N/A · MEDICAL SERVICES · DE

    Directly controlled by NA

  • BANNER ATLAS JV LLC

    N/A · Outpatient SURGERY Center · AZ

    Directly controlled by NA

  • BANNER AIR LLC

    N/A · MEDICAL TRANSPORT · DE

    Directly controlled by NA

  • BANNER WEST VALLEY CARDIOLOGY MANAGEMENT LLC

    N/A · MEDICAL MANAGEMENT · AZ

    Directly controlled by NA

  • SONORA QUEST LABORATORIES

    N/A · LABORATORY · AZ

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BANNER PLAN ADMINISTRATION INC

    C Corporation · THIRD PARTY ADMIN · AZ

    Directly controlled by NA

  • BANNER INDEMNITY LTD

    C Corporation · INVESTMENTS · CJ

    Directly controlled by NA

  • BANNER HEALTH NETWORK

    C Corporation · ACCOUNTABLE CARE · AZ

    Directly controlled by NA

  • THE UNIV OF AZ HEALTH PLANS-U HEALTHCARE

    C Corporation · HEALTH INSURANCE · AZ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.1
Source object
202533119349302248

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