Nonprofit · EIN 94-2958258
BANNER-UNIVERSITY MEDICAL GROUP
Tax-exempt · PHOENIX, AZ 85012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $614,544,747 | $890,709,600 | -$276,164,853 | $131,319,319 | $111,378,536 | $19,940,783 |
| December 31, 2023 | 990 | $538,849,638 | $705,942,769 | -$167,093,131 | $90,744,185 | $71,348,002 | $19,396,183 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,149,671
- Program service revenue
- $612,395,076
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,646,749
- Compensation of officers, directors and key employees
- $1,230,911
- Other salaries and wages
- $608,000,755
- Salaries, compensation and benefits (total)
- $681,388,696
- Professional fundraising fees
- $0
- Legal fees
- $349,091
- Occupancy
- $6,155,539
- Travel
- $1,023,148
- Depreciation
- $2,879,013
- Program services (functional)
- $782,719,446
- Management and general (functional)
- $107,990,154
Balance sheet and other
- Total assets, start of year
- $90,744,185
- Total assets, end of year
- $131,319,319
- Total liabilities, end of year
- $111,378,536
- Net assets, end of year
- $19,940,783
- Land, buildings and equipment
- $18,072,266
- Net assets without donor restrictions
- $19,901,237
- Net assets with donor restrictions
- $39,546
- Gross receipts
- $614,544,747
- Employees
- 3,687
- Volunteers
- 575
- Year formed
- 1983
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DONALD NORDLUND | Director / Chief Strategy/Growth Officer - Banner Health Former | 8 | $0 | $2,065,892 | $1,107,767 |
| MARJORIE BESSEL MD | Director / CCO - Banner Health Trustee or director | 2 | $0 | $1,898,397 | $1,022,997 |
| STACI DICKERSON | TREASURER Trustee or director, Officer | 2 | $0 | $1,710,569 | $926,669 |
| RISHI GOSALIA MD | Physician Highest-paid employee | 40 | $1,856,371 | $0 | $48,351 |
| WILBER SU MD | Physician Highest-paid employee | 40 | $1,847,727 | $0 | $46,419 |
| EVAN LEDERMAN MD | SUPERVISOR, FACULTY PHYSICIAN PROGRAM DIRECTOR - SPORTS MEDICINE Highest-paid employee | 40 | $1,856,456 | $0 | $35,859 |
| TAMIM SULTANI MD | Physician Highest-paid employee | 40 | $1,730,953 | $0 | $24,350 |
| Khaled Malkawi MD | Physician Highest-paid employee | 40 | $1,653,050 | $0 | $45,548 |
| MICHAEL KUPFERMAN MD | DIRECTOR/SENIOR VP, PHYSICIAN ENTERPRISE Trustee or director, Officer | 40 | $0 | $1,419,208 | $115,295 |
| VENKATA EVANI MD | Co-Chairman / CEO Trustee or director, Officer | 40 | $1,075,863 | $0 | $155,049 |
| John Arnold | Secretary (Beginning July) Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MICHAEL DAKE | Co-Chairman Trustee or director, Officer | 4 | $0 | $0 | $0 |
| FREDRIC WONDISFORD MD | DIRECTOR (Termed Oct 2024) Trustee or director | 4 | $0 | $0 | $0 |
| MICHAEL ABECASSIS | Director Trustee or director | 4 | $0 | $0 | $0 |
| LISA RULNEY | Secretary (Until July) Officer | 4 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARJORIE BESSEL MD | Director / CCO - Banner Health Trustee or director | 2 | $0 | $2,010,592 | $812,343 |
| DONALD NORDLUND | Director / Chief Strategy/Growth Officer - Banner Health Former | 8 | $0 | $1,817,866 | $873,358 |
| DENNIS LARAWAY | Director/Treasurer (UNTIL 3/3/23) / CFO - Banner Health Trustee or director, Officer | 2 | $0 | $1,944,940 | $11,219 |
| FRANCISCO ARABIA MD | PHYSICIAN EXECUTIVE ADVANCE HEART FAILURE Highest-paid employee | 40 | $1,699,063 | $0 | $27,129 |
| TAMIM SULTANI MD | Physician Highest-paid employee | 40 | $1,662,668 | $0 | $19,310 |
| RISHI GOSALIA MD | Physician Highest-paid employee | 40 | $1,485,772 | $0 | $44,258 |
| STACI DICKERSON | TREASURER Trustee or director, Officer | 2 | $0 | $1,012,763 | $468,800 |
| TOSHINOBU KAZUI MD | PHYSICIAN Highest-paid employee | 40 | $1,357,888 | $0 | $36,564 |
| EVAN LEDERMAN MD | SUPERVISOR, FACULTY PHYSICIAN PROGRAM DIRECTOR - SPORTS MEDICINE Highest-paid employee | 40 | $1,307,116 | $0 | $13,541 |
| MICHAEL KUPFERMAN MD | DIRECTOR/SENIOR VP, PHYSICIAN ENTERPRISE Trustee or director, Officer | 40 | $0 | $805,342 | $250,933 |
| VENKATA EVANI MD | Co-Chairman / CEO Trustee or director, Officer | 40 | $737,362 | $0 | $156,772 |
| CAROL KARP | Former Director Former | 0 | $0 | $501,602 | $38,565 |
| GEORGE DAMRON | Former VP Financial Operations & Division CFO Former | 2 | $0 | $409,200 | $0 |
| SCOTT HOFFERBER | Former Officer Former | 0 | $0 | $205,325 | $22,960 |
| MICHAEL DAKE | Co-Chairman Trustee or director, Officer | 4 | $0 | $0 | $0 |
| FREDRIC WONDISFORD MD | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| GUY REED | Director (until 10/13/23) Trustee or director | 4 | $0 | $0 | $0 |
| MICHAEL ABECASSIS | Director Trustee or director | 4 | $0 | $0 | $0 |
| LISA RULNEY | Secretary Officer | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2901 N CENTRAL AVE STE 160, PHOENIX, AZ 85012-2702
- In care of
- % 9S - PAYROLL
- Principal officer (990 for 2024)
- Venkata Evani MD, 2901 N Central Ave Suite 160, Phoenix, AZ 85012
- Signed the 990
- Venkata Evani, CO-CHAIRMAN / CEO
- Phone
- (602) 747-4000
- Website
- www.bannerhealth.com
- Return prepared by
- CROWE LLP
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.
Program accomplishments
- 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 OExpenses $782,719,446 · grants $1,646,749 · revenue $612,395,076
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2958258
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E300)
- Assets (IRS master file)
- $131,319,319
- Income (IRS master file)
- $614,544,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $614,544,747 | $890,709,600 | $131,319,319 | IRS |
| 990 | December 2023 | $538,849,638 | $705,942,769 | $90,744,185 | XML |
| 990 | December 2022 | $487,837,050 | $636,011,874 | $98,779,478 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2958258).
Questions about BANNER-UNIVERSITY MEDICAL GROUP
- What is the EIN of BANNER-UNIVERSITY MEDICAL GROUP?
- The employer identification number (EIN) of BANNER-UNIVERSITY MEDICAL GROUP is 94-2958258.
- Is BANNER-UNIVERSITY MEDICAL GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to BANNER-UNIVERSITY MEDICAL GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANNER-UNIVERSITY MEDICAL GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANNER-UNIVERSITY MEDICAL GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANNER-UNIVERSITY MEDICAL GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BANNER-UNIVERSITY MEDICAL GROUP?
- The 990 for the year ended December 31, 2024 names Venkata Evani MD.
- Who are the officers and directors of BANNER-UNIVERSITY MEDICAL GROUP?
- The 990 for the year ended December 31, 2024 lists 15 people; 6 received compensation from the organization.
- How much revenue does BANNER-UNIVERSITY MEDICAL GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $614,544,747, expenses of $890,709,600 and total assets of $131,319,319 at year end.
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