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Banner-University Care Advantage

Phoenix, AZ · EIN 46-3757358 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Banner-University Care Advantage reported $305.0 million in revenue and $319.4 million in expenses for calendar year 2024. Of every $100 it spent, $87.10 went to program services, $12.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.8% of the total. The highest compensation it reported for one person was $2,926,123 (SECRETARY). 212 people received more than $100,000 in reportable compensation. Revenue rose 7% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $319M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $305M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
87.1%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
12.9%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
98.8%93.7%
Highest reported compensation
Part VII-A, columns D–F
$2,926,123$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.92%1.34%
People paid over $100,000
Part VII, line 2
21227
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.26.6
Independent voting board members
Part VI 1a–1b
2 of 688.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$278M expenses · 100.0% of program spending · revenue $301M

Banner-university ("Care Advantage") holds a contract with the centers for medicare & medicaid services for the operation of a medicare advantage prescription drug health plan. The plan is a qualified plan under medicare to provide coverage to certain enrollees who qualify as part of a special needs population, who are dually eligible for both medicare and medicaid benefits. Care Advantage promotes the health of the community by engaging the following: (1) the provision of education programs regarding the benefits provided by Care Advantage to enrollees; (2) counseling and the provision of…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
SECRETARY
Officer, 2.0 hrs/week
$0$1,956,173$969,950$2,926,123
DIRECTOR/DIVISION PRESIDENT
Director/trustee, officer, 2.0 hrs/week
$0$1,212,334$478,788$1,691,122
Director/Vice President/CEO
Director/trustee, officer, 20.0 hrs/week
$0$956,418$188,119$1,144,537
TREASURER/VP FINANCE
Officer, 20.0 hrs/week
$0$885,261$174,371$1,059,632
VICE PRESIDENT/CMO
Key employee, 20.0 hrs/week
$0$896,716$139,926$1,036,642
DIRECTOR
Director/trustee, 2.0 hrs/week
$0$628,570$62,006$690,576
SENIOR DIRECTOR/CMO
Highest compensated employee, 20.0 hrs/week
$0$535,488$39,380$574,868
VICE PRESIDENT ASO ADMINISTRATOR
Key employee, 20.0 hrs/week
$0$491,160$69,230$560,390

212 people received more than $100,000 in reportable compensation from Banner-University Care Advantage (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$305M$319M87.1%$5.6M$2,926,123
2023 ⓘ$328M$330M87.9%$8.9M$1,956,159
2022 ⓘ$309M$330M88.8%$11M$3,071,412
2021 ⓘ$319M$315M89.1%$32M$3,654,059
2020 ⓘ$312M$305M89.5%$28M$3,172,038
2019 ⓘ$284M$275M91.7%$21M$2,865,385

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 2 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Banner-University Care Advantage's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Banner-University Care Advantage, you can publish a response that is linked from this page.

Questions people ask

How much of Banner-University Care Advantage's spending goes to programs?

In calendar year 2024, Banner-University Care Advantage reported that 87.1% of its $319.4 million in expenses went to program services, 12.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Banner-University Care Advantage pay its top executive?

The largest total compensation Banner-University Care Advantage reported for one person in calendar year 2024 was $2,926,123, for the role of SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Banner-University Care Advantage get its money?

Of $305.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.8% from program service revenue (Form 990, Part VIII).

Is Banner-University Care Advantage a registered charity?

The IRS lists EIN 46-3757358 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202513179349305481 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202403169349306430 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313149349304436 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213169349300601 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133199349323598 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023149349303847 · read the filing

All filings for EIN 46-3757358: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.