Nonprofit · EIN 03-0372512
HILLS INSURANCE COMPANY INC
Tax-exempt · MISHAWAKA, IN 46544
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $36,784,851 | $23,229,689 | $13,555,162 | $255,927,701 | $139,760,528 | $116,167,173 |
| December 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN D LEAHY | DIRECTOR/PRESIDENT/CHAIR Trustee or director, Officer | 1 | $0 | $2,927,664 | $108,891 |
| DANIEL CONNER | FORMER VICE PRESIDENT Former | 0 | $0 | $264,836 | $31,304 |
| CHASE KUNKEL | FORMER ADMIN DIRECTOR Former | 0 | $0 | $136,783 | $27,052 |
| MICHAEL NORTH | INTERIM VICE PRESIDENT Officer | 1 | $0 | $63,274 | $0 |
| SISTER M ANN KATHLEEN MAGIERA | DIRECTOR, TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUSSELL A YOUNG | DIRECTOR, ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SISTER LETHIA MARIE LEVEILLE | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SISTER JANE MARIE KLEIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN D LEAHY | DIRECTOR/PRESIDENT/CHAIR Trustee or director, Officer | 1 | $0 | $2,467,456 | $197,552 |
| DANIEL CONNER | VICE PRESIDENT (UNTIL 01/23) Officer | 1 | $0 | $238,104 | $50,104 |
| CHASE KUNKEL | ADMIN DIRECTOR (01/23 - 09/23) Officer | 1 | $0 | $174,115 | $32,429 |
| JOSEPH INWALD | VICE PRESIDENT (09/23 - 10/23) Officer | 1 | $0 | $91,594 | $2,497 |
| MICHAEL NORTH | INTERIM VP (AS OF 10/23) Officer | 1 | $0 | $87,771 | $0 |
| SISTER M ANN KATHLEEN MAGIERA | DIRECTOR, TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUSSELL A YOUNG | DIRECTOR, ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SISTER LETHIA MARIE LEVEILLE | DIRECTOR, SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SISTER JANE MARIE KLEIN | DIRECTOR 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.
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 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
- 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
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $255,927,701
- Income (IRS master file)
- $184,131,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $36,784,851 | $23,229,689 | $255,927,701 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $16,532,712 | $9,121,031 | $235,145,789 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $29,753,708 | $12,510,739 | $209,929,373 | 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 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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