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Nonprofiteer
← BANNER HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by BANNER HEALTH FOUNDATION.

Totals

Total revenue
$39,169,513
Total expenses
$40,172,582
Contributions and grants received
$29,744,281
Grants paid
$32,502,004
Program services expenses (Part IX)
$38,383,357
Management and general expenses
$1,470,338
Fundraising expenses
$318,887
Program service expenses (Part III)
$38,383,357

Program services were 95.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREA PETERSEN

    DIRECTOR/PRESIDENT/CEO

    Total calculated
    $981,461
    From this org
    $909,654
    From related orgs
    $0
    Other
    $71,807
    Hours/week
    36 + 5 related

    Schedule J breakdown matched by us

    Base
    $541,208
    Bonus
    $314,030
    Other
    $54,416
    Deferred
    $44,677
    Nontaxable benefits
    $27,130
    Filer's total
    $981,461

  • MI-AI PARRISH

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • SUSAN ANABLE

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • TONY ASTORGA

    DIRECTOR/CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    6

  • ADAM GOODMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ALISON LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BRUCE WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CINDY TEETS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CONNOR TRYHUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID VAN DENBURGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GRETCHEN KINSELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JEFF STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JEREMY SHARPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOHN GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOHN STRITTMATTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JORDAN ROSENBACH

    DIRECTOR (AS OF 09/24)

    Total calculated
    $0
    Hours/week
    4

  • JP MILLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KEITH GALBUT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KEN VAN WINKLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARK LEDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARK PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL BLANTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MORRIS STEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • NANCY DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • NICK MANSOUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • RAHUL CHAWLA MD

    DIRECTOR

    Total calculated
    $486,509
    From this org
    $0
    From related orgs
    $445,463
    Other
    $41,046
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,023 related
    Bonus
    $0 + $129,689 related
    Other
    $0 + $751 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,246 related
    Filer's total
    $0 + $486,509 related

  • SCOTT DOUGLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SHARON HARPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SHIVA BIRDI MD

    DIRECTOR

    Total calculated
    $1,113,722
    From this org
    $0
    From related orgs
    $934,046
    Other
    $179,676
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,686 related
    Bonus
    $0 + $372,102 related
    Other
    $0 + $50,258 related
    Deferred
    $0 + $144,716 related
    Nontaxable benefits
    $0 + $34,960 related
    Filer's total
    $0 + $1,113,722 related

  • STEVE HILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STEVEN MOAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STEVEN ORTEGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • THIRU THANGARAITHINAM

    DIRECTOR (AS OF 03/24)

    Total calculated
    $0
    Hours/week
    4

  • TODD HURST MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHRISTY ALTER

    SR DIR/VP DEVELOPMENT

    Total calculated
    $383,680
    From this org
    $347,484
    From related orgs
    $0
    Other
    $36,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,695
    Bonus
    $86,143
    Other
    $19,646
    Deferred
    $10,003
    Nontaxable benefits
    $26,193
    Filer's total
    $383,680

  • DEBORAH SHEPPARD

    SR DIR/CHIEF DEVELOPMENT OFFICER

    Total calculated
    $282,567
    From this org
    $250,364
    From related orgs
    $0
    Other
    $32,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,195
    Bonus
    $55,798
    Other
    $15,371
    Deferred
    $7,055
    Nontaxable benefits
    $25,148
    Filer's total
    $282,567

  • JENNIFER ROBERTSON

    SR DIR/CHIEF DEVELOPMENT OFFICER

    Total calculated
    $253,157
    From this org
    $233,455
    From related orgs
    $0
    Other
    $19,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,333
    Bonus
    $51,024
    Other
    $13,098
    Deferred
    $6,977
    Nontaxable benefits
    $12,725
    Filer's total
    $253,157

  • KRISTIN LESHINSKIE

    Senior Director, Chief Development Officer

    Total calculated
    $239,674
    From this org
    $227,629
    From related orgs
    $0
    Other
    $12,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,717
    Bonus
    $48,335
    Other
    $16,577
    Deferred
    $1,487
    Nontaxable benefits
    $10,558
    Filer's total
    $239,674

  • MEGAN BROWNELL

    SR DIR/VP COMMUNITY & EXTERNAL RELATIONS

    Total calculated
    $365,290
    From this org
    $323,762
    From related orgs
    $0
    Other
    $41,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,626
    Bonus
    $84,716
    Other
    $19,420
    Deferred
    $9,267
    Nontaxable benefits
    $32,261
    Filer's total
    $365,290

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). 2024 457(F) Distributions: Shiva Birdi MD $26,402 Andrea Petersen $27,448 2024 457(F) Contributions: Shiva Birdi MD $32,538 Andrea Petersen $27,448
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).
Schedule J, Part I, Line 3 COMPENSATION OF ORGANIZATION CEO
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.

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

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
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349310650

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