Banner Medical Group Colorado
2901 N Central Ave Ste 106, Phoenix, AZ · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $118,725,205 | $189,754,937 | -$6,117,077 |
| FY2023 | $120,513,263 | $185,336,414 | $159,669 |
| FY2022 | $113,976,050 | $174,127,058 | -$564,622 |
| FY2021 | $111,211,021 | $184,121,587 | -$169,819 |
| FY2020 | $104,813,290 | $175,275,935 | $3,688,142 |
| FY2019 | $119,056,527 | $174,884,818 | $239,100 |
| FY2018 | $113,633,969 | $170,189,089 | $3,208,227 |
| FY2017 | $161,280,660 | $188,456,696 | -$495,034 |
| FY2016 | $155,102,827 | $186,176,143 | -$3,165,601 |
| FY2015 | $147,571,228 | $173,398,093 | -$2,361,262 |
| FY2014 | $137,027,454 | $163,962,514 | -$2,650,013 |
| FY2013 | $123,298,107 | $148,775,657 | -$3,246,393 |
| FY2012 | $50,100,968 | $61,521,046 | $662,065 |
Form 990 filings
The returns filed by Banner Medical Group Colorado (EIN 90-0532831), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,319 | <1% |
| Program service revenue | $118,631,417 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $179,445,719 | 95% |
| Management & general | $10,309,218 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2024. That is higher than 91.9% of 123 Health Care organizations in AZ.
- Net assets covered about -0.4 months of expenses at the end of the reporting year. That puts it in the 11th percentile among 369 Health Care organizations in AZ.
- Total revenue was higher than 86.9% of 388 Health Care organizations in AZ.
- Total revenue rose from $50,100,968 in FY2012 to $118,725,205 in FY2024. Revenue increased in 9 and decreased in 3 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 13 of 13 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $161,280,660 in FY2017.
- Net assets declined from $662,065 to -$6,117,077 between FY2012 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ASSIST BANNER HEALTH TO COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.
IRS status
| Ruling year | 2012 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E31 — Health Care (in AZ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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