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Nonprofit · EIN 03-0372512

HILLS INSURANCE COMPANY INC

Tax-exempt · MISHAWAKA, IN 46544

Financials

$16.5M$9.1M2023$36.8M$23.2M2024
Revenue Expenses · by fiscal year end
Financials of HILLS INSURANCE COMPANY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$36,784,851$23,229,689$13,555,162$255,927,701$139,760,528$116,167,173
December 31, 2023990$16,532,712$9,121,031$7,411,681$235,145,789$137,369,126$97,776,663
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$17,802,641
Investment income
$18,982,210
Net gain from sales of assets
$14,242,914
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$6,100
Accounting fees
$209,747
Program services (functional)
$22,341,202
Management and general (functional)
$888,487

Balance sheet and other

Total assets, start of year
$235,145,789
Total assets, end of year
$255,927,701
Total liabilities, end of year
$139,760,528
Net assets, end of year
$116,167,173
Publicly traded securities
$173,536,535
Net assets without donor restrictions
$116,167,173
Gross unrelated business income
$798
Gross receipts
$184,131,018
Employees
0
Volunteers
0
Year formed
2002
State of legal domicile
VT

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KEVIN D LEAHYDIRECTOR/PRESIDENT/CHAIR
Trustee or director, Officer
1$0$2,927,664$108,891
DANIEL CONNERFORMER VICE PRESIDENT
Former
0$0$264,836$31,304
CHASE KUNKELFORMER ADMIN DIRECTOR
Former
0$0$136,783$27,052
MICHAEL NORTHINTERIM VICE PRESIDENT
Officer
1$0$63,274$0
SISTER M ANN KATHLEEN MAGIERADIRECTOR, TREASURER
Trustee or director, Officer
1$0$0$0
RUSSELL A YOUNGDIRECTOR, ASSISTANT SECRETARY
Trustee or director, Officer
1$0$0$0
SISTER LETHIA MARIE LEVEILLEDIRECTOR, SECRETARY
Trustee or director, Officer
1$0$0$0
SISTER JANE MARIE KLEINDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KEVIN D LEAHYDIRECTOR/PRESIDENT/CHAIR
Trustee or director, Officer
1$0$2,467,456$197,552
DANIEL CONNERVICE PRESIDENT (UNTIL 01/23)
Officer
1$0$238,104$50,104
CHASE KUNKELADMIN DIRECTOR (01/23 - 09/23)
Officer
1$0$174,115$32,429
JOSEPH INWALDVICE PRESIDENT (09/23 - 10/23)
Officer
1$0$91,594$2,497
MICHAEL NORTHINTERIM VP (AS OF 10/23)
Officer
1$0$87,771$0
SISTER M ANN KATHLEEN MAGIERADIRECTOR, TREASURER
Trustee or director, Officer
1$0$0$0
RUSSELL A YOUNGDIRECTOR, ASSISTANT SECRETARY
Trustee or director, Officer
1$0$0$0
SISTER LETHIA MARIE LEVEILLEDIRECTOR, SECRETARY
Trustee or director, Officer
1$0$0$0
SISTER JANE MARIE KLEINDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1515 W DRAGOON TRL, MISHAWAKA, IN 46544-4710
In care of
% KAREN MAHONEY
Principal officer (990 for 2024)
KEVIN D LEAHY, 1515 DRAGOON TRAIL, MISHAWAKA, IN 46544
Signed the 990
SISTER LETHIA MARIE LEVEILLE, SECRETARY
Phone
(574) 256-3935
Return prepared by
PwC US Tax LLP

Mission

ORGANIZED AND OPERATED AS A CAPTIVE INSURANCE COMPANY TO ISSUE POLICIES OF PROFESSIONAL AND GENERAL LIABILITY AND OTHER PROPERTY AND CASUALTY INSURANCES TO FRANCISCAN ALLIANCE, INC. AND AFFILIATES.

990 for the year ended December 31, 2024

Program accomplishments

  • FRANCISCAN ALLIANCE, INC. IS A NOT-FOR-PROFIT CORPORATION WHICH PROVIDES HEALTH CARE AND RELATED SERVICES TO THE COMMUNITIES IN WHICH IT OPERATES. THE SPONSORSHIP OF FRANCISCAN ALLIANCE, INC. IS UNDER THE GOVERNANCE OF THE SISTERS OF ST. FRANCIS OF PERPETUAL ADORATION. HOSPITALS OWNED AND/OR CONTROLLED BY FRANCISCAN ALLIANCE, INC. ARE NOT-FOR-PROFIT HEALTH CARE PROVIDERS ESTABLISHED TO MEET THE HEALTH CARE NEEDS OF AREA RESIDENTS. THE HILLS INSURANCE COMPANY, INC. IS A WHOLLY-OWNED SUBSIDIARY OF FRANCISCAN ALLIANCE, INC. FORMED TO PROVIDE SELF-INSURANCE FOR FRANCISCAN ALLIANCE, INC. IN THIS REGARD, THE HILLS INSURANCE COMPANY, INC. PROVIDES PROFESSIONAL AND GENERAL LIABILITY INSURANCE COVERAGES TO ITS MEMBER, FRANCISCAN ALLIANCE, INC., AND THE HOSPITALS OWNED AND/OR CONTROLLED BY FRANCISCAN ALLIANCE, INC.
    Expenses $22,341,202 · revenue $17,802,641

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0372512
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$255,927,701
Income (IRS master file)
$184,131,018

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$36,784,851$23,229,689$255,927,701XML
990-TDecember 2024–––IRS
990December 2023$16,532,712$9,121,031$235,145,789XML
990-TDecember 2023–––IRS
990December 2022$29,753,708$12,510,739$209,929,373IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 03-0372512).

Questions about HILLS INSURANCE COMPANY INC

What is the EIN of HILLS INSURANCE COMPANY INC?
The employer identification number (EIN) of HILLS INSURANCE COMPANY INC is 03-0372512.
Is HILLS INSURANCE COMPANY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to HILLS INSURANCE COMPANY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does HILLS INSURANCE COMPANY INC 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 HILLS INSURANCE COMPANY INC 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 HILLS INSURANCE COMPANY INC 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 HILLS INSURANCE COMPANY INC?
The 990 for the year ended December 31, 2024 names KEVIN D LEAHY.
Who are the officers and directors of HILLS INSURANCE COMPANY INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does HILLS INSURANCE COMPANY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $36,784,851, expenses of $23,229,689 and total assets of $255,927,701 at year end.

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