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Nonprofiteer
← BANNER HEALTH

Form 990 for tax year 2024

Filed by BANNER HEALTH.

Totals

Total revenue
$10,839,690,022
Total expenses
$9,313,327,921
Contributions and grants received
$370,304,183
Grants paid
$69,511,221
Program services expenses (Part IX)
$8,423,708,253
Management and general expenses
$889,619,668
Fundraising expenses
$0
Program service expenses (Part III)
$8,468,064,528

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANNE MARIUCCI

    DIRECTOR/VICE-CHAIR

    Total calculated
    $161,000
    From this org
    $161,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $161,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,000

  • PETER S FINE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $13,535,312
    From this org
    $8,571,171
    From related orgs
    $0
    Other
    $4,964,141
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,818,398
    Bonus
    $6,314,634
    Other
    $438,139
    Deferred
    $4,940,672
    Nontaxable benefits
    $23,469
    Filer's total
    $13,535,312

  • QUENTIN P SMITH JR

    DIRECTOR/CHAIRMAN

    Total calculated
    $106,500
    From this org
    $106,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • CHRISTOPHER VOLK

    DIRECTOR

    Total calculated
    $102,500
    From this org
    $102,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DAVID KIKUMOTO

    DIRECTOR (THRU 08/24)

    Total calculated
    $43,500
    From this org
    $43,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DEAN HARRISON

    DIRECTOR

    Total calculated
    $90,500
    From this org
    $90,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • GILBERT DAVILA

    DIRECTOR

    Total calculated
    $102,500
    From this org
    $102,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHN KOSTER MD

    DIRECTOR

    Total calculated
    $98,500
    From this org
    $98,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • MARK WALLACE

    DIRECTOR

    Total calculated
    $98,500
    From this org
    $98,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • MICHAEL GARNREITER

    DIRECTOR

    Total calculated
    $90,500
    From this org
    $90,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RICK MYERS

    DIRECTOR

    Total calculated
    $90,500
    From this org
    $90,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • SARA WARD

    DIRECTOR

    Total calculated
    $90,500
    From this org
    $90,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • SUJATA GOSALIA

    DIRECTOR

    Total calculated
    $98,500
    From this org
    $98,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • VICKI KEISER

    DIRECTOR

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • AMY PERRY

    PRESIDENT

    Total calculated
    $9,052,648
    From this org
    $4,580,826
    From related orgs
    $0
    Other
    $4,471,822
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,408,566
    Bonus
    $3,144,358
    Other
    $27,902
    Deferred
    $4,437,208
    Nontaxable benefits
    $34,614
    Filer's total
    $9,052,648

  • BRENDA SCHAEFER

    VP, CHIEF INVESTMENT OFFICER

    Total calculated
    $909,286
    From this org
    $773,577
    From related orgs
    $0
    Other
    $135,709
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $421,541
    Bonus
    $310,453
    Other
    $41,583
    Deferred
    $122,194
    Nontaxable benefits
    $13,515
    Filer's total
    $909,286

  • DONALD NORDLUND

    EVP, CHIEF STRATEGY & GROWTH OFFICER

    Total calculated
    $3,173,659
    From this org
    $2,065,892
    From related orgs
    $0
    Other
    $1,107,767
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

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

  • JEAN FITTERER LANCE

    EVP, CHIEF LEGAL OFFICER & GENERAL COUNSEL

    Total calculated
    $2,926,123
    From this org
    $1,956,173
    From related orgs
    $0
    Other
    $969,950
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $628,197
    Bonus
    $1,278,213
    Other
    $49,763
    Deferred
    $945,190
    Nontaxable benefits
    $24,760
    Filer's total
    $2,926,123

  • JOSH GROESBECK

    SENIOR VP - ACUTE CARE COMM. DELIVERY

    Total calculated
    $1,179,177
    From this org
    $853,804
    From related orgs
    $0
    Other
    $325,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,812
    Bonus
    $329,432
    Other
    $47,560
    Deferred
    $289,010
    Nontaxable benefits
    $36,363
    Filer's total
    $1,179,177

  • JULIE A ALVARADO-DUBEK

    EVP, CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $2,403,846
    From this org
    $1,510,216
    From related orgs
    $0
    Other
    $893,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $550,660
    Bonus
    $912,618
    Other
    $46,938
    Deferred
    $866,399
    Nontaxable benefits
    $27,231
    Filer's total
    $2,403,846

  • MARJORIE BESSEL MD

    EVP, CHIEF CLINICAL OFFICER

    Total calculated
    $2,921,395
    From this org
    $1,898,398
    From related orgs
    $0
    Other
    $1,022,997
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $667,671
    Bonus
    $1,118,288
    Other
    $112,439
    Deferred
    $1,003,975
    Nontaxable benefits
    $19,022
    Filer's total
    $2,921,395

  • MARY SCHUBERT

    Executive Director, Legal Services & Assistant Secretary

    Total calculated
    $415,584
    From this org
    $391,753
    From related orgs
    $0
    Other
    $23,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,535
    Bonus
    $95,273
    Other
    $21,945
    Deferred
    $10,741
    Nontaxable benefits
    $13,090
    Filer's total
    $415,584

  • STACI DICKERSON

    EVP, CHIEF FINANCIAL OFFICER

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

    Schedule J breakdown matched by us

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

  • DANIEL POST

    Chief Executive Officer - Large Facility

    Total calculated
    $1,422,995
    From this org
    $1,208,515
    From related orgs
    $0
    Other
    $214,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $649,443
    Bonus
    $484,315
    Other
    $74,757
    Deferred
    $183,260
    Nontaxable benefits
    $31,220
    Filer's total
    $1,422,995

  • DEBRA FLORES

    Chief Executive Officer - Large Facility

    Total calculated
    $1,183,538
    From this org
    $1,029,410
    From related orgs
    $0
    Other
    $154,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $512,673
    Bonus
    $450,755
    Other
    $65,982
    Deferred
    $126,834
    Nontaxable benefits
    $27,294
    Filer's total
    $1,183,538

  • LAMONT YODER

    DIVISION PRESIDENT

    Total calculated
    $787,024
    From this org
    $771,274
    From related orgs
    $0
    Other
    $15,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,955
    Bonus
    $561,262
    Other
    $37,057
    Deferred
    $7,050
    Nontaxable benefits
    $8,700
    Filer's total
    $787,024

  • LAURA ROBERTSON

    Chief Executive Officer - Large Facility

    Total calculated
    $1,279,723
    From this org
    $1,068,224
    From related orgs
    $0
    Other
    $211,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $560,855
    Bonus
    $439,329
    Other
    $68,040
    Deferred
    $177,967
    Nontaxable benefits
    $33,532
    Filer's total
    $1,279,723

  • MARGO KARSTEN

    Division President

    Total calculated
    $1,525,241
    From this org
    $1,138,266
    From related orgs
    $0
    Other
    $386,975
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $521,076
    Bonus
    $535,553
    Other
    $81,637
    Deferred
    $361,694
    Nontaxable benefits
    $25,281
    Filer's total
    $1,525,241

  • SARAH FROST

    Chief Executive Officer - Large Facility (THRU 04/24)

    Total calculated
    $626,295
    From this org
    $618,872
    From related orgs
    $0
    Other
    $7,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,352
    Bonus
    $428,531
    Other
    $26,989
    Deferred
    $6,534
    Nontaxable benefits
    $889
    Filer's total
    $626,295

  • TODD S WERNER

    SVP, ACUTE CARE DELIVERY

    Total calculated
    $3,006,739
    From this org
    $2,117,412
    From related orgs
    $0
    Other
    $889,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $913,067
    Bonus
    $1,078,386
    Other
    $125,959
    Deferred
    $859,672
    Nontaxable benefits
    $29,655
    Filer's total
    $3,006,739

  • CHARLES BOWEN

    SVP, Chief Supply Chain Officer (THRU 01/24)

    Total calculated
    $1,086,766
    From this org
    $1,011,735
    From related orgs
    $0
    Other
    $75,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,251
    Bonus
    $474,241
    Other
    $57,243
    Deferred
    $55,885
    Nontaxable benefits
    $19,146
    Filer's total
    $1,086,766

  • DEANNA WISE

    SVP, CHIEF INFORMATION OFFICER (THRU 03/24)

    Total calculated
    $1,451,050
    From this org
    $1,441,197
    From related orgs
    $0
    Other
    $9,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,035
    Bonus
    $604,902
    Other
    $706,260
    Deferred
    $5,255
    Nontaxable benefits
    $4,598
    Filer's total
    $1,451,050

  • MATTHEW CALLISTER

    Senior Physician Executive Oncology & BMDACC

    Total calculated
    $1,144,885
    From this org
    $1,045,662
    From related orgs
    $0
    Other
    $99,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $743,267
    Bonus
    $275,886
    Other
    $26,509
    Deferred
    $67,860
    Nontaxable benefits
    $31,363
    Filer's total
    $1,144,885

  • MICHAEL REAGIN

    Executive VP, Chief Technology Officer

    Total calculated
    $1,617,799
    From this org
    $1,199,818
    From related orgs
    $0
    Other
    $417,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $409,692
    Bonus
    $400,000
    Other
    $390,126
    Deferred
    $410,040
    Nontaxable benefits
    $7,941
    Filer's total
    $1,617,799

  • RAMANJIT DHALIWAL

    VP, CMO Delivery

    Total calculated
    $1,132,699
    From this org
    $957,865
    From related orgs
    $0
    Other
    $174,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $484,557
    Bonus
    $410,032
    Other
    $63,276
    Deferred
    $148,612
    Nontaxable benefits
    $26,222
    Filer's total
    $1,132,699

  • DAVID BIXBY

    FORMER OFFICER

    Total calculated
    $334,657
    From this org
    $258,418
    From related orgs
    $0
    Other
    $76,239
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $258,418
    Bonus
    $0
    Other
    $0
    Deferred
    $76,239
    Nontaxable benefits
    $0
    Filer's total
    $334,657

  • REBECCA KUHN

    FORMER OFFICER

    Total calculated
    $280,640
    From this org
    $280,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $280,640
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $280,640

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1a First-class or charter travel
First class and business class travel are not reimbursable except as follows: (a) as set forth in a written agreement approved by the Banner Health Board Compensation Committee; or (b) upon prior written approval of the Banner Health CEO based on business need. First class or business class upgrades or coupon books are not reimbursable, unless: (a) as set forth in a written agreement approved by the Banner Health Board Compensation Committee; or (b) upon prior written approval of the Banner Health CEO based on business need.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
1. SERP III - COVERED 1 EXECUTIVE (PETER FINE). THIS NONQUALIFIED PLAN IS TO BE PAID OUT IN THE FIRST QUARTER OF 2025. PAYMENT WAS REVIEWED BY AN INDEPENDENT COMPENSATION COMMITTEE TO DeTERMINE REASONABLENESS AND IS PAYABLE AFTER THE EXECUTIVE VESTS ON January 31, 2025. 2. 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: JULIE ALVARADO-DUBEK $21,298 MAJORIE BESSELL $84,496 CHARLES BOWEN $31,990 Ramanjit Dhaliwal $37,849 PETER FINE $405,251 Debra Flores $37,792 Sarah Frost $26,464 John Groesbeck $22,367 MARGO KARSTEN $54,572 JEAN FRITTERER LANCE $22,101 DONALD SCOTT NORDLUND $74,183 Daniel Post $46,840 LAURA ROBERTSON $41,915 BRENDA SCHAEFER $15,537 TODD WERNER $98,437 DEANNA WISE $208,552 LAMONT YODER $36,330 2024 457(F) Contributions: JULIE ANN ALVARADO-DUBEK $57,032 MAJORIE BESSELL $84,560 CHARLES BOWEN $42,085 Ramanjit Dhaliwal $31,218 Staci Dickerson $51,248 John Groesbeck $21,519 MARGO KARSTEN $50,333 JEAN FRITTERER LANCE $65,648 DONALD SCOTT NORDLUND $93,538 Amy Perry $191,067 DANIEL POST $44,497 LAURA ROBERTSON $17,860 BRENDA SCHAEFER $17,860 TODD WERNER $119,525
Schedule J, Part I, Line 7 Non-fixed payments
1. BANNER HEALTH PARTICIPATES 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 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 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).

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

The 10 largest by cash amount. The API serves every itemized grant.

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
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349314283

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

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