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Nonprofiteer
← Banner Health Plan Inc

Form 990 for tax year 2024

Filed by Banner Health Plan Inc.

Totals

Total revenue
$214,827,195
Total expenses
$312,608,454
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$243,840,869
Management and general expenses
$68,767,585
Fundraising expenses
$0
Program service expenses (Part III)
$243,840,869

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES LEHN

    DIRECTOR/TREASURER

    Total calculated
    $1,691,122
    From this org
    $0
    From related orgs
    $1,212,334
    Other
    $478,788
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $594,353 related
    Bonus
    $0 + $535,421 related
    Other
    $0 + $82,560 related
    Deferred
    $0 + $450,706 related
    Nontaxable benefits
    $0 + $28,082 related
    Filer's total
    $0 + $1,691,122 related

  • JAMES STRINGHAM

    Director/President

    Total calculated
    $1,144,537
    From this org
    $0
    From related orgs
    $956,418
    Other
    $188,119
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,337 related
    Bonus
    $0 + $378,206 related
    Other
    $0 + $61,875 related
    Deferred
    $0 + $156,180 related
    Nontaxable benefits
    $0 + $31,939 related
    Filer's total
    $0 + $1,144,537 related

  • MARJORIE BESSEL MD

    DIRECTOR/SECRETARY

    Total calculated
    $2,921,394
    From this org
    $0
    From related orgs
    $1,898,397
    Other
    $1,022,997
    Hours/week
    2 + 46 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

  • DONALD NORDLUND

    DIRECTOR

    Total calculated
    $3,173,659
    From this org
    $0
    From related orgs
    $2,065,892
    Other
    $1,107,767
    Hours/week
    2 + 42 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

  • DONNA SICKLER

    DIRECTOR

    Total calculated
    $1,059,632
    From this org
    $0
    From related orgs
    $885,261
    Other
    $174,371
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,680 related
    Bonus
    $0 + $351,712 related
    Other
    $0 + $66,869 related
    Deferred
    $0 + $143,792 related
    Nontaxable benefits
    $0 + $30,579 related
    Filer's total
    $0 + $1,059,632 related

  • JOSEPH GREGORY MD

    DIRECTOR

    Total calculated
    $690,576
    From this org
    $0
    From related orgs
    $628,570
    Other
    $62,006
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,020 related
    Bonus
    $0 + $142,915 related
    Other
    $0 + $41,635 related
    Deferred
    $0 + $29,599 related
    Nontaxable benefits
    $0 + $32,407 related
    Filer's total
    $0 + $690,576 related

  • MICHAEL KUPFERMAN

    DIRECTOR (THRU 10/24)

    Total calculated
    $1,534,503
    From this org
    $0
    From related orgs
    $1,419,208
    Other
    $115,295
    Hours/week
    2 + 42 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

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 — 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 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). 457(F) PAYOUT: DENNIS LARAWAY $154,262 MAJORIE BESSEL, MD $98,111 DONALD NORDLUND $84,569 CHARLES LEHN $57,254 JOSEPH GREGORY, MD $15,528 EMPLOYER 457(F) DEPOSIT: MAJORIE BESSEL, MD $74,950 DONALD NORDLUND $68,127 CHARLES LEHN $46,856 JOSEPH GREGORY, MD $14,146
Schedule J, Part I, Line 7 Non-fixed payments
BANNER HEALTH PARTICIPATEA IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2020-2022, 2021-2023, 2022-2024 AND 2023-2025. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: STARTS RATING IMPROVEMENT, TRANSFORM REVENUE CYCLE ($ IMPROVEMENT), AND BUILD OUR BENCH TO REFLECT COMMUNITIES (VOICE, MINORITY %, SUCCESSION AND OTHER KEY LONG-TERM INITIATIVES. 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 2020-2022 CYCLE ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B) AS BONUS & INCENTIVE COMPENSATION. AMOUNTS ACCRUED FOR 2023 FOR THE 2021-2023, 2022-2024, 2023-2025 CYCLES (TO BE PAID OUT IN 2024, 2025, AND 2026 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 COMPANY ACHIEVEMENT 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 2023, THERE WERE 1,440 MIP PARTICIPANTS. THE MIP WAS ACCRUED IN 2022 FOR THE 2023 MIP PAYOUT. MIP COMPENSATION IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II).
Schedule J, Part I, Line 3 COMPENSATION OF CEO
THE COMPENSATION OF THE ORGANIZATION'S CEO IS DETERMINED BY A RELATED TAX-EXEMPT ORGANIZATION-BH. SEE SCHEDULE O FOR FORM 990, PART VI, LINES 15A AND 15B FOR THE PROCESS USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349305030

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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