Skip to content
Nonprofiteer
← BANNER HEALTH

Form 990 for tax year 2023

Filed by BANNER HEALTH.

Totals

Total revenue
$9,479,573,911
Total expenses
$8,672,348,619
Contributions and grants received
$101,040,803
Grants paid
$31,275,339
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$7,875,624,361
Management and general expenses
$796,724,258
Fundraising expenses
$0
Program service expenses (Part III)
$7,875,624,361

Program services were 90.8% 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
    $107,500
    From this org
    $107,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • PETER S FINE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $14,031,376
    From this org
    $8,178,948
    From related orgs
    $0
    Other
    $5,852,428
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,761,121
    Bonus
    $6,039,401
    Other
    $378,426
    Deferred
    $5,830,518
    Nontaxable benefits
    $21,910
    Filer's total
    $14,031,376

  • QUENTIN P SMITH JR

    DIRECTOR/CHAIRMAN

    Total calculated
    $111,500
    From this org
    $111,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • CHRISTOPHER VOLK

    DIRECTOR

    Total calculated
    $99,000
    From this org
    $99,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DAVID KIKUMOTO

    DIRECTOR

    Total calculated
    $91,000
    From this org
    $91,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DEAN HARRISON

    DIRECTOR

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

  • GILBERT DAVILA

    DIRECTOR

    Total calculated
    $99,000
    From this org
    $99,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHN KOSTER MD

    DIRECTOR

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • MARC SCHMITTLEIN

    DIRECTOR (THRU 06/2023)

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

  • MARK WALLACE

    DIRECTOR

    Total calculated
    $91,000
    From this org
    $91,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • MICHAEL GARNREITER

    DIRECTOR

    Total calculated
    $91,000
    From this org
    $91,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RICK MYERS

    DIRECTOR

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

  • SARA DIAL

    DIRECTOR

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

  • STEVE LYNN

    DIRECTOR (THRU 06/2023)

    Total calculated
    $47,500
    From this org
    $47,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • SUJATA GOSALIA

    DIRECTOR

    Total calculated
    $91,000
    From this org
    $91,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • VICKI KEISER

    DIRECTOR

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • AMY PERRY

    PRESIDENT

    Total calculated
    $5,637,332
    From this org
    $3,808,610
    From related orgs
    $0
    Other
    $1,828,722
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,157,324
    Bonus
    $2,623,884
    Other
    $27,402
    Deferred
    $1,796,410
    Nontaxable benefits
    $32,312
    Filer's total
    $5,637,332

  • BRENDA SCHAEFER

    VP, CHIEF INVESTMENT OFFICER

    Total calculated
    $833,719
    From this org
    $678,427
    From related orgs
    $0
    Other
    $155,292
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $381,762
    Bonus
    $256,713
    Other
    $39,952
    Deferred
    $143,378
    Nontaxable benefits
    $11,914
    Filer's total
    $833,719

  • DENNIS LARAWAY

    EVP, CHIEF FINANCIAL OFFICER (THRU 03/2023)

    Total calculated
    $1,956,159
    From this org
    $1,944,940
    From related orgs
    $0
    Other
    $11,219
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $189,883
    Bonus
    $1,599,645
    Other
    $155,412
    Deferred
    $7,641
    Nontaxable benefits
    $3,578
    Filer's total
    $1,956,159

  • DONALD NORDLUND

    EVP, CHIEF STRATEGY & GROWTH OFFICER

    Total calculated
    $2,691,224
    From this org
    $1,817,866
    From related orgs
    $0
    Other
    $873,358
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $701,412
    Bonus
    $1,005,991
    Other
    $110,463
    Deferred
    $854,057
    Nontaxable benefits
    $19,301
    Filer's total
    $2,691,224

  • ELIZABETH AVANT

    DIRECTOR LEGAL OPS & ASSISTANT SECRETARY

    Total calculated
    $165,882
    From this org
    $153,045
    From related orgs
    $0
    Other
    $12,837
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $133,465
    Bonus
    $18,981
    Other
    $599
    Deferred
    $5,251
    Nontaxable benefits
    $7,586
    Filer's total
    $165,882

  • JEAN FITTERER LANCE

    EVP, CHIEF LEGAL OFFICER & GENERAL COUNSEL

    Total calculated
    $1,692,141
    From this org
    $1,087,861
    From related orgs
    $0
    Other
    $604,280
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $547,860
    Bonus
    $490,970
    Other
    $49,031
    Deferred
    $580,820
    Nontaxable benefits
    $23,460
    Filer's total
    $1,692,141

  • JULIE A ALVARADO-DUBEK

    EVP, CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $1,640,302
    From this org
    $1,078,262
    From related orgs
    $0
    Other
    $562,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,715
    Bonus
    $539,618
    Other
    $44,929
    Deferred
    $537,482
    Nontaxable benefits
    $24,558
    Filer's total
    $1,640,302

  • MARJORIE BESSEL MD

    EVP, CHIEF CLINICAL OFFICER

    Total calculated
    $2,822,935
    From this org
    $2,010,592
    From related orgs
    $0
    Other
    $812,343
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $663,447
    Bonus
    $1,221,628
    Other
    $125,517
    Deferred
    $794,685
    Nontaxable benefits
    $17,658
    Filer's total
    $2,822,935

  • STACI DICKERSON

    EVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $1,481,563
    From this org
    $1,012,763
    From related orgs
    $0
    Other
    $468,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $397,191
    Bonus
    $300,000
    Other
    $315,572
    Deferred
    $460,194
    Nontaxable benefits
    $8,606
    Filer's total
    $1,481,563

  • DANIEL POST

    Chief Executive Officer - Large Facility

    Total calculated
    $1,189,446
    From this org
    $947,091
    From related orgs
    $0
    Other
    $242,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $535,449
    Bonus
    $385,204
    Other
    $26,438
    Deferred
    $213,430
    Nontaxable benefits
    $28,925
    Filer's total
    $1,189,446

  • DEBRA FLORES

    Chief Executive Officer - Large Facility

    Total calculated
    $1,059,927
    From this org
    $867,765
    From related orgs
    $0
    Other
    $192,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $485,590
    Bonus
    $331,833
    Other
    $50,342
    Deferred
    $167,236
    Nontaxable benefits
    $24,926
    Filer's total
    $1,059,927

  • LAMONT YODER

    DIVISION PRESIDENT

    Total calculated
    $1,381,730
    From this org
    $1,059,194
    From related orgs
    $0
    Other
    $322,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $557,276
    Bonus
    $444,861
    Other
    $57,057
    Deferred
    $292,596
    Nontaxable benefits
    $29,940
    Filer's total
    $1,381,730

  • LAURA ROBERTSON

    Chief Executive Officer - Large Facility

    Total calculated
    $1,236,305
    From this org
    $989,626
    From related orgs
    $0
    Other
    $246,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $535,080
    Bonus
    $393,146
    Other
    $61,400
    Deferred
    $214,219
    Nontaxable benefits
    $32,460
    Filer's total
    $1,236,305

  • MARGO KARSTEN

    Division President

    Total calculated
    $1,389,601
    From this org
    $1,075,459
    From related orgs
    $0
    Other
    $314,142
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    $509,679
    Bonus
    $483,703
    Other
    $82,077
    Deferred
    $289,998
    Nontaxable benefits
    $24,144
    Filer's total
    $1,389,601

  • SARAH FROST

    Chief Executive Officer - Large Facility

    Total calculated
    $1,078,393
    From this org
    $885,914
    From related orgs
    $0
    Other
    $192,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $492,120
    Bonus
    $349,992
    Other
    $43,802
    Deferred
    $189,598
    Nontaxable benefits
    $2,881
    Filer's total
    $1,078,393

  • TODD S WERNER

    SVP, ACUTE CARE DELIVERY

    Total calculated
    $2,583,563
    From this org
    $1,919,390
    From related orgs
    $0
    Other
    $664,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $876,471
    Bonus
    $919,966
    Other
    $122,953
    Deferred
    $638,050
    Nontaxable benefits
    $26,123
    Filer's total
    $2,583,563

  • ALEXANDRA MOREHOUSE MCREYNOLDS

    CHIEF MARKETING OFFICER

    Total calculated
    $1,428,698
    From this org
    $1,360,411
    From related orgs
    $0
    Other
    $68,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,888
    Bonus
    $761,054
    Other
    $260,469
    Deferred
    $46,627
    Nontaxable benefits
    $21,660
    Filer's total
    $1,428,698

  • CHARLES BOWEN

    SVP, Chief Supply Chain Officer

    Total calculated
    $1,219,654
    From this org
    $944,913
    From related orgs
    $0
    Other
    $274,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,264
    Bonus
    $428,207
    Other
    $56,442
    Deferred
    $257,093
    Nontaxable benefits
    $17,648
    Filer's total
    $1,219,654

  • DEANNA WISE

    SVP, CHIEF INFORMATION OFFICER

    Total calculated
    $1,461,676
    From this org
    $1,280,598
    From related orgs
    $0
    Other
    $181,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $600,357
    Bonus
    $574,385
    Other
    $105,856
    Deferred
    $162,518
    Nontaxable benefits
    $18,560
    Filer's total
    $1,461,676

  • ERIC REIMAN

    CEO & CSO, BANNER RESEARCH

    Total calculated
    $945,235
    From this org
    $929,252
    From related orgs
    $0
    Other
    $15,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $595,920
    Bonus
    $256,246
    Other
    $77,086
    Deferred
    $13,200
    Nontaxable benefits
    $2,783
    Filer's total
    $945,235

  • WILLIAM HOLLAND

    SVP, Care Management & CMIO

    Total calculated
    $1,190,151
    From this org
    $916,499
    From related orgs
    $0
    Other
    $273,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,027
    Bonus
    $412,208
    Other
    $54,264
    Deferred
    $247,312
    Nontaxable benefits
    $26,340
    Filer's total
    $1,190,151

  • DAVID BIXBY

    FORMER OFFICER

    Total calculated
    $668,530
    From this org
    $526,807
    From related orgs
    $0
    Other
    $141,723
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $523,392
    Other
    $3,415
    Deferred
    $141,646
    Nontaxable benefits
    $77
    Filer's total
    $668,530

  • REBECCA KUHN

    FORMER OFFICER

    Total calculated
    $835,808
    From this org
    $720,668
    From related orgs
    $0
    Other
    $115,140
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $720,668
    Other
    $0
    Deferred
    $115,134
    Nontaxable benefits
    $6
    Filer's total
    $835,808

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

  • 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 DTERMINE REASONABLENESS AND IS PAYABLE AFTER THE EXECUTIVE VESTS ON January 31, 2025. THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. 2. EXEC 457(B) - COVERED APPROXIMATELY 475 FORMER AND CURRENT EXECUTIVES. THIS NONQUALIFIED PLAN IS HELD AT FIDELITY INVESTMENTS AND IS 100% VESTED. TAXATION OCCURS UPON DISTRIBUTION. THE ONLY CONTRIBUTIONS ALLOWED ARE EMPLOYER CONTRIBUTIONS. EMPLOYER CONTRIBUTIONS TO EXEC 457(B) ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). 3. 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-YEARA 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). 2023 457(F) Distributions: JULIE ALVARADO-DUBEK $20,086 MAJORIE BESSELL $98,111 PETER FINE $346,038 MARGO KARSTEN $55,854 DENNIS LARAWAY $154,262 ALEXANDRA MOREHOUSE MCREYNOLDS $154,526 DONALD SCOTT NORDLUND $84,569 ERIC REIMAN $41,995 BRENDA SCHAEFER $14,782 TODD WERNER $96,129 LAMONT YODER $31,878 CHARLES BOWEN $31,796 DEBRA FLORES $23,936 SARAH FROST $20,506 WILLIAM HOLLAND $31,027 JEAN FRITTERER LANCE $22,510 LAURA ROBERTSON $36,328 DEANNA WISE $81,819 2023 457(F) Contributions: JULIE ANN ALVARADO-DUBEK $41,973 MAJORIE BESSELL $74,950 MARGO KARSTEN $44,064 JEAN FRITTERER LANCE $38,826 DENNIS LARAWAY $124,120 ALEXANDRA MOREHOUSE MCREYNOLDS $33,427 DONALD SCOTT NORDLUND $68,127 DANIEL POST $34,726 BRENDA SCHAEFER $11,465 TODD WERNER $100,106 DEANNA WISE $57,817 LAMONT YODER $44,012 CHARLES BOWEN $46,856 SARA FROST $26,774 WILLIAM HOLLAND $37,335 AMY PERRY $175,294 LAURA ROBERTSON $34,215
Schedule J, Part I, Line 7 Non-fixed payments
1. THE INDIVIDUALS IDENTIFIED BELOW PARTICIPATE IN A LONG-TERM INCENTIVE PLAN (LTIP) COVERING THREE-YEAR CYCLES FROM 2020-2022, 2021-2023, 2022-2024 AND 2023-2025. THE LTIP WAS DESIGNED AT THE INITIATIVE OF THE BANNER BOARD OF DIRECTORS WITH THE ASSISTANCE OF WILLIS TOWERS WATSON, AND ALL COMPONENTS WERE APPROVED BY THE BOARD. THE PLANS' AREAS OF PERFORMANCE TARGETS INCLUDE: STARTS RATING IMPROVEMENT, TRANSFORM REVENUE CYCLE ($ 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).

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349312811

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

The source document this was parsed from is served over the API, which is where bulk and document access live.