Nonprofit · EIN 20-4372643
LIONS INSURANCE COMPANY
Tax-exempt · INDIANAPOLIS, IN 46205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,221,965 | $4,991,701 | $4,230,264 | $46,290,744 | $26,531,412 | $19,759,332 |
| December 31, 2023 | 990 | $8,662,689 | $2,816,118 | $5,846,571 | $40,622,119 | $25,093,051 | $15,529,068 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,063,170
- Investment income
- $2,158,795
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $324,799
- Program services (functional)
- $4,666,902
- Management and general (functional)
- $324,799
Balance sheet and other
- Total assets, start of year
- $40,622,119
- Total assets, end of year
- $46,290,744
- Total liabilities, end of year
- $26,531,412
- Net assets, end of year
- $19,759,332
- Net assets without donor restrictions
- $19,759,332
- Gross receipts
- $9,221,965
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2005
- State of legal domicile
- DC
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 |
|---|---|---|---|---|---|
| PAUL BABCOCK | PRESIDENT Trustee or director, Officer | 1 | $0 | $351,523 | $85,963 |
| NICHOLE GODDARD | SECRETARY Trustee or director, Officer | 1 | $0 | $307,679 | $64,969 |
| JAMES SIMPSON | TREASURER Trustee or director, Officer | 2 | $0 | $205,896 | $75,911 |
| ROBERT R PUTNAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT W LAZARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PAUL BABCOCK | PRESIDENT Trustee or director, Officer | 5 | $0 | $350,964 | $83,535 |
| NICHOLE GODDARD | SECRETARY Trustee or director, Officer | 5 | $0 | $268,221 | $58,662 |
| FRANCIS BROOKE DUNN | TREASURER (END 12/11/23) Former | 5 | $0 | $210,024 | $55,436 |
| JAMES SIMPSON | TREASURER (BEG 12/11/23) Trustee or director, Officer | 1 | $0 | $185,932 | $66,777 |
| ROBERT R PUTNAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT W LAZARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3838 N RURAL ST, INDIANAPOLIS, IN 46205-2930
- In care of
- % NICHOLE GODDARD
- Principal officer (990 for 2024)
- PAUL BABCOCK, 3838 North Rural Street, Indianapolis, IN 46205
- Signed the 990
- Paul Babcock, President
- Phone
- (317) 221-2267
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE INSURANCE COVERING THE PROFESSIONAL (MALPRACTICE) AND GENERAL LIABILITY EXPOSURES OF THE NURSING HOMES OPERATED BY HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (HHC); TO PROVIDE TAIL COVERAGE RELATING TO POTENTIAL EXPOSURE FOR PROFESSIONAL AND GENERAL CLAIMS INCURRED PRIOR TO THE INCEPTION OF LIONS INSURANCE COMPANY.
Program accomplishments
- LIONS INSURANCE COMPANY IS A COMPONENT UNIT OF HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (HHC). HHC IS A MUNICIPAL ENTITY CREATED BY STATE STATUTE, INDIANA CODE SECTION 16-22-8 ET SEQ. LIONS INSURANCE COMPANY IS A PURE CAPTIVE INSURER ORGANIZED AS A NONPROFIT CORPORATION THAT PROVIDES INSURANCE AND REINSURANCE COVERAGE FOR HHC'S NURSING HOMES.Expenses $4,666,902 · revenue $7,063,170
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
- 20-4372643
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E119)
- Assets (IRS master file)
- $46,290,744
- Income (IRS master file)
- $9,221,965
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,221,965 | $4,991,701 | $46,290,744 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $8,662,689 | $2,816,118 | $40,622,119 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $7,201,564 | $3,934,816 | $36,383,716 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 20-4372643).
Questions about LIONS INSURANCE COMPANY
- What is the EIN of LIONS INSURANCE COMPANY?
- The employer identification number (EIN) of LIONS INSURANCE COMPANY is 20-4372643.
- Is LIONS INSURANCE COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to LIONS INSURANCE COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LIONS INSURANCE COMPANY 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 LIONS INSURANCE COMPANY 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 LIONS INSURANCE COMPANY 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 LIONS INSURANCE COMPANY?
- The 990 for the year ended December 31, 2024 names PAUL BABCOCK.
- Who are the officers and directors of LIONS INSURANCE COMPANY?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LIONS INSURANCE COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,221,965, expenses of $4,991,701 and total assets of $46,290,744 at year end.
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