Banner Alzheimers Foundation
Banner Alzheimer's Foundation shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 204862361 · Phoenix, AZ · NTEE: E112 · Updated: 2026-03-28
Is Banner Alzheimers Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Banner Alzheimers Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Banner Alzheimers Foundation
Banner Alzheimers Foundation (EIN: 204862361) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code E112. The organization reported total revenue of $8.4M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Banner Alzheimers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Banner Alzheimers Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $6.2M |
| Surplus / Deficit | $-191,351 |
| Total Assets | $30.6M |
| Total Liabilities | $97K |
| Net Assets | $30.5M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 58.8 months |
Financial Health Grade: B
In 2023, Banner Alzheimers Foundation reported a deficit of $191K with expenses exceeding revenue, holds 58.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Banner Alzheimers Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +189.8% | -36.2% | +3.1% |
| 2022 | -65.0% | +2.0% | -25.8% |
| 2021 | -66.4% | +19.8% | -3.8% |
| 2020 | +203.4% | -8.2% | +41.8% |
| 2019 | -42.1% | +30.2% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Banner Alzheimers Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Banner Alzheimers Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are drawn from the organization's funds, which is highly commendable for a foundation of its size with assets over $31 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Banner Alzheimers Foundation's IRS 990 filings:
- Significant expense-to-revenue deficits in multiple years (e.g., 2022: $9.79M expenses vs. $2.09M revenue; 2021: $9.60M expenses vs. $5.97M revenue)
- Inconsistent revenue streams, making long-term financial planning potentially challenging
Strengths
The following positive indicators were identified for Banner Alzheimers Foundation:
- No reported officer compensation across all filings, indicating high efficiency in directing funds to mission
- Strong asset base ($31,486,947 latest assets) providing financial stability
- Demonstrated ability to manage significant financial fluctuations while maintaining operations
- Consistent filing history (14 filings) indicating good compliance and transparency
Frequently Asked Questions about Banner Alzheimers Foundation
Is Banner Alzheimers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Banner Alzheimers Foundation (EIN: 204862361) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Banner Alzheimers Foundation spend its money?
Banner Alzheimers Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Banner Alzheimers Foundation tax-deductible?
Banner Alzheimers Foundation is registered as a tax-exempt nonprofit (EIN: 204862361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Banner Alzheimer's Foundation a good charity?
Based on the available data, Banner Alzheimer's Foundation appears to be a good charity, particularly due to its commitment to not paying officer compensation and its substantial asset base. However, potential donors should consider the fluctuating revenue and expense patterns.
Why are there significant deficits in some years, like 2022?
In 2022, the organization reported revenues of $2,089,381 against expenses of $9,791,838, resulting in a substantial deficit. This could be due to large, one-time program expenditures, investment losses, or a temporary dip in fundraising, which would require further investigation into their detailed financial statements.
How does Banner Alzheimer's Foundation sustain operations with fluctuating revenues?
The organization sustains operations despite fluctuating revenues by maintaining a significant asset base, which was $29,692,618 in 2022 and $30,600,097 in 2023. This allows them to cover expenses during periods of lower income, drawing from reserves built during more prosperous years like 2020.
Filing History
IRS 990 filing history for Banner Alzheimers Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Banner Alzheimers Foundation's revenue has grown by 178.5%, moving from $2.2M to $6.1M. Total assets increased by 403% over the same period, from $6.1M to $30.6M. Total functional expenses rose by 333.8%, from $1.4M to $6.2M. In its most recent filing year (2023), Banner Alzheimers Foundation reported a deficit of $191K, with expenses exceeding revenue. The organization holds $97K in liabilities against $30.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $30.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $6.2M | $30.6M | $97K | — | — |
| 2022 | $2.1M | $9.8M | $29.7M | $219K | — | View 990 |
| 2021 | $6.0M | $9.6M | $40.0M | $316K | — | View 990 |
| 2020 | $17.8M | $8.0M | $41.6M | $0 | — | View 990 |
| 2019 | $5.9M | $8.7M | $29.3M | $0 | — | View 990 |
| 2018 | $10.1M | $6.7M | $30.6M | $0 | — | View 990 |
| 2017 | $13.4M | $7.5M | $28.4M | $109K | — | View 990 |
| 2016 | $3.7M | $4.7M | $24.1M | $2.6M | — | View 990 |
| 2015 | $2.8M | $3.2M | $22.3M | $0 | — | View 990 |
| 2014 | $2.7M | $3.4M | $23.0M | $5K | — | View 990 |
| 2013 | $11.1M | $3.3M | $25.5M | $2.3M | — | View 990 |
| 2012 | $5.1M | $2.9M | $15.3M | $383K | — | View 990 |
| 2011 | $9.8M | $2.7M | $13.0M | $402K | — | View 990 |
| 2010 | $2.2M | $1.4M | $6.1M | $506K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $6.2M, and assets of $30.6M (revenue +189.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $9.8M, and assets of $29.7M (revenue -65.0% year-over-year).
- 2021: Revenue of $6.0M, expenses of $9.6M, and assets of $40.0M (revenue -66.4% year-over-year).
- 2020: Revenue of $17.8M, expenses of $8.0M, and assets of $41.6M (revenue +203.4% year-over-year).
- 2019: Revenue of $5.9M, expenses of $8.7M, and assets of $29.3M (revenue -42.1% year-over-year).
- 2018: Revenue of $10.1M, expenses of $6.7M, and assets of $30.6M (revenue -24.5% year-over-year).
- 2017: Revenue of $13.4M, expenses of $7.5M, and assets of $28.4M (revenue +262.0% year-over-year).
- 2016: Revenue of $3.7M, expenses of $4.7M, and assets of $24.1M (revenue +30.1% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.2M, and assets of $22.3M (revenue +5.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $3.4M, and assets of $23.0M (revenue -75.5% year-over-year).
- 2013: Revenue of $11.1M, expenses of $3.3M, and assets of $25.5M (revenue +115.6% year-over-year).
- 2012: Revenue of $5.1M, expenses of $2.9M, and assets of $15.3M (revenue -47.6% year-over-year).
- 2011: Revenue of $9.8M, expenses of $2.7M, and assets of $13.0M (revenue +350.2% year-over-year).
- 2010: Revenue of $2.2M, expenses of $1.4M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Banner Alzheimers Foundation:
Data Sources and Methodology
This transparency report for Banner Alzheimers Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.