Nonprofit · EIN 35-1904455
FRANCISCAN ACO INC
Tax-exempt · INDIANAPOLIS, IN 46227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $89,035,428 | $82,024,088 | $7,011,340 | $23,345,177 | $7,763,629 | $15,581,548 |
| December 31, 2023 | 990 | $84,872,357 | $87,732,642 | -$2,860,285 | $15,847,712 | $7,277,504 | $8,570,208 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $488,328
- of which government grants
- $473,093
- Program service revenue
- $77,355,627
- Investment income
- $0
- Other revenue
- $11,191,473
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
- Occupancy
- $1,126,065
- Travel
- $153,504
- Depreciation
- $342,372
- Program services (functional)
- $82,024,088
Balance sheet and other
- Total assets, start of year
- $15,847,712
- Total assets, end of year
- $23,345,177
- Total liabilities, end of year
- $7,763,629
- Net assets, end of year
- $15,581,548
- Land, buildings and equipment
- $2,730,681
- Net assets without donor restrictions
- $15,581,548
- Gross receipts
- $89,035,428
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- IN
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 |
|---|---|---|---|---|---|
| KEVIN D LEAHY | PRESIDENT AND DIRECTOR Trustee or director, Officer | 5 | $0 | $2,927,664 | $108,891 |
| SISTER M ALINE SHULTZ | CHAIRPERSON & DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER M ANN KATHLEEN MAGIERA | TREASURER AND DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER LETHIA MARIE LEVEILLE | SECRETARY AND DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER M MADONNA ROUGEAU | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| THOMAS GRYZBEK | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| ALLAN GILLESPIE MD | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| ERNEST IANNOTTA | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| MICHAEL SMITH | DIRECTOR, PACE Trustee or director | 5 | $0 | $0 | $0 |
| CYNTHIA EVANS | DIRECTOR, PACE Trustee or director | 5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN D LEAHY | PRESIDENT AND DIRECTOR Trustee or director, Officer | 5 | $0 | $2,467,456 | $197,552 |
| SISTER M ALINE SHULTZ | CHAIRPERSON & DIR (AS OF 8/23) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER JANE MARIE KLEIN | CHAIRPERSON & DIR (THRU 08/23) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER M ANN KATHLEEN MAGIERA | TREASURER AND DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER LETHIA MARIE LEVEILLE | SECRETARY AND DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| SISTER M MADONNA ROUGEAU | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| THOMAS ROBERTS MD | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| DONALD KERNER MD | DIRECTOR (THRU 08/23) Trustee or director | 5 | $0 | $0 | $0 |
| THOMAS GRYZBEK | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| ALLAN GILLESPIE MD | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| ERNEST IANNOTTA | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| SUSAN FRYMAN | DIRECTOR (THRU 10/23) Trustee or director | 5 | $0 | $0 | $0 |
| MICHAEL SMITH | DIRECTOR, PACE (AS OF 10/23) Trustee or director | 5 | $0 | $0 | $0 |
| CYNTHIA EVANS | DIRECTOR, PACE (AS OF 10/23) Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 E SOUTHPORT RD, INDIANAPOLIS, IN 46227-8553
- In care of
- % LISA ANDERSON
- Principal officer (990 for 2024)
- KEVIN D LEAHY, 1515 DRAGOON TRAIL, MISHAWAKA, IN 46544
- Signed the 990
- SISTER LETHIA MARIE LEVEILLE, SECRETARY
- Phone
- (317) 782-6875
- Return prepared by
- PwC US Tax LLP
Mission
SEE SCHEDULE O
Program accomplishments
- FRANCISCAN ACO, INC. ("ACO", "FRANCISCAN") WAS FORMED IN 2011, AND WAS THE FIRST AND ONLY PIONEER ACO IN INDIANA AND AMONG THE FIRST IN THE COUNTRY TO PARTNER WITH MEDICARE AS AN ACO. FRANCISCAN ACO PARTICIPATES IN THE MEDICARE SHARED SAVINGS ACO PROGRAM AND NONGOVERNMENTAL VALUE BASED PROGRAMS TO MEET THE NEEDS OF PATIENTS. THE ACO SUPPORTS PATIENTS AND PROVIDERS IN BOTH INDIANA AND ILLINOIS THROUGH THE COLLABORATIVE EFFORTS OF THE FOLLOWING PARTNERS: (A) 12 TAX-EXEMPT HOSPITALS OPERATED, DIRECTLY AND INDIRECTLY, BY FRANCISCAN ALLIANCE, INC.; (B) FRANCISCAN PHYSICIAN NETWORK, A FRANCISCAN ALLIANCE, INC. EMPLOYED MULTI-SPECIALTY GROUP OF PRIMARY AND SPECIALTY-CARE PROVIDERS THROUGHOUT THE STATE OF INDIANA AND ILLINOIS; (C) SPECIALTY PHYSICIANS OF ILLINOIS, LLC, AN EMPLOYED MULTI-SPECIALTY GROUP OF SPECIALTY-CARE PROVIDERS IN ILLINOIS, SERVING FRANCISCAN HEALTH CHICAGO HEIGHTS AND FRANCISCAN HEALTH OLYMPIA FIELDS; (D) INDIANA INTERNAL MEDICINE CONSULTANTS WHICH INCLUDES ST. FRANCIS MEDICAL GROUP, LLC, PROVIDES HEALTHCARE SERVICES TO COMPLEX INTERNAL MEDICINE PATIENTS ACROSS INDIANAPOLIS IN BOTH INPATIENT AND OUTPATIENT SETTINGS; AND (E) OTHER HEALTHCARE PARTNERS INCLUDE MAJOR MULTISPECIALTY ASSOCIATES AND MAJOR HOSPITAL. CURRENTLY FRANCISCAN ACO PARTICIPATES IN THE MEDICARE SHARED SAVINGS PROGRAM (MSSP); ANTHEM MEDICARE ADVANTAGE; HUMANA MEDICARE ADVANTAGE; UNITED HEALTHCARE MEDICARE ADVANTAGE; AND AETNA MEDICARE ADVANTAGE. AS A PARTICIPANT IN CMS (CENTERS FOR MEDICARE & MEDICAID SERVICES) MSSP PROGRAM FOR 2024, FRANCISCAN ACO WAS RESPONSIBLE FOR THE COST AND QUALITY OF CARE FOR APPROXIMATELY 38,000 PATIENTS. RESULTS OF THIS PARTICIPATION SHOWED A QUALITY SCORE OF 90.7%, HIGHER THAN BOTH THE NATIONAL AND STATE AVERAGE. HIGHLIGHTS OF PERFORMANCE INCLUDE MEASURES OF SCREENING FOR FUTURE FALL RISK AND STATIN THERAPY FOR THE PREVENTION AND TREATMENT OF CARDIOVASCULAR DISEASE RESULTS BOTH BEING ABOVE 90%. 2024 PERFORMANCE RESULTED IN FRANCISCAN ACO SAVING CMS APPROXIMATELY $32.8 MILLION DOLLARS. FRANCISCAN ACO THROUGH ITS INTERACTIONS WITH PARTICIPANT PROVIDERS AND HOSPITALS, HELPS TO SUPPORT IMPROVED RATES OF WELLNESS AND PREVENTION ACTIVITIES, SUCH AS YEARLY CHECKUPS AND CANCER SCREENINGS, ALONG WITH BETTER MANAGEMENT FOR CHRONIC DISEASES, SUCH AS DIABETES AND HYPERTENSION. THE ACO WORKS WITH CARE TEAMS, PATIENTS AND FAMILIES THROUGHOUT THE CONTINUUM, WORKING TO IMPROVE CARE COORDINATION, DECREASE AVOIDABLE HOSPITAL ADMISSIONS AND READMISSIONS. THESE ACTIVITIES HELP SUPPORT THE OPPORTUNITY FOR IMPROVED OVERALL PATIENT HEALTH, BETTER QUALITY AND EXPERIENCE OF CARE AND LOWER COSTS OF CARE WHERE APPROPRIATE.Expenses $50,608,594 · revenue $52,238,898
- FRANCISCAN SENIOR HEALTH & WELLNESS, A PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE), IS A COMMUNITY-BASED HEALTHCARE PROGRAM CREATED FOR PEOPLE 55 OR OLDER WHO ARE ELIGIBLE FOR NURSING-HOME LEVEL CARE, BUT PREFER TO RECEIVE THEIR CARE IN THEIR OWN FAMILIAR SURROUNDINGS. OUR PROGRAM ENABLES SENIORS TO LIVE AS INDEPENDENTLY AS POSSIBLE BY PROVIDING TRULY ALL-INCLUSIVE SERVICES. IN ADDITION TO ADDRESSING EACH PARTICIPANT'S UNIQUE MEDICAL NEEDS, WE ALSO HELP WITH THE SOCIAL, EMOTIONAL AND PRACTICAL CHALLENGES THAT OLDER ADULTS OFTEN FACE. THROUGH INTERACTIONS WITH PEERS, STIMULATING ACTIVITIES AND OTHER SUPPORTIVE SERVICES, PARTICIPANTS WILL ENJOY A BETTER QUALITY OF LIFE. FRANCISCAN SENIOR HEALTH & WELLNESS IS A MEMBER OF THE NATIONAL PACE ASSOCIATION (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY). THE PACE MODEL OF CARE IS CENTERED AROUND THE BELIEF THAT THE WELL-BEING OF SENIORS WITH CHRONIC CARE NEEDS, AND THEIR FAMILIES, ARE BETTER SERVED IN THEIR OWN COMMUNITIES WHENEVER POSSIBLE.Expenses $31,415,494 · revenue $36,308,202
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
- 35-1904455
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E02)
- Assets (IRS master file)
- $23,345,177
- Income (IRS master file)
- $89,035,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $89,035,428 | $82,024,088 | $23,345,177 | IRS |
| 990 | December 2023 | $84,872,357 | $87,732,642 | $15,847,712 | XML |
| 990 | December 2022 | $55,973,643 | $43,308,151 | $19,218,258 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 35-1904455).
Questions about FRANCISCAN ACO INC
- What is the EIN of FRANCISCAN ACO INC?
- The employer identification number (EIN) of FRANCISCAN ACO INC is 35-1904455.
- Is FRANCISCAN ACO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FRANCISCAN ACO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FRANCISCAN ACO 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 FRANCISCAN ACO 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 FRANCISCAN ACO 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 FRANCISCAN ACO INC?
- The 990 for the year ended December 31, 2024 names KEVIN D LEAHY.
- Who are the officers and directors of FRANCISCAN ACO INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does FRANCISCAN ACO INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $89,035,428, expenses of $82,024,088 and total assets of $23,345,177 at year end.
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