MISHAWAKA, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HILLS INSURANCE COMPANY INC C/O FRANCISCAN ALLIANCE INC, founded in 2002, is a mid-sized nonprofit in the Mutual Benefit sector that reported $16.5M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.4M, a strong 45% operating margin.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,532,712 | $29,753,708 | -0.4% |
| Expenses | $9,121,031 | $12,510,739 | -0.3% |
| Net Income | $7,411,681 | $17,242,969 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEVIN D LEAHY | DIRECTOR/PRESIDENT/CHAIR | 1.0 |
Officer
Director
|
$0 | $197,552 | $2,665,008 |
| DANIEL CONNER | VICE PRESIDENT (UNTIL 01/23) | 1.0 |
Officer
|
$0 | $50,104 | $288,208 |
| CHASE KUNKEL | ADMIN DIRECTOR (01/23 - 09/23) | 1.0 |
Officer
|
$0 | $32,429 | $206,544 |
| JOSEPH INWALD | VICE PRESIDENT (09/23 - 10/23) | 1.0 |
Officer
|
$0 | $2,497 | $94,091 |
| MICHAEL NORTH | INTERIM VP (AS OF 10/23) | 1.0 |
Officer
|
$0 | $0 | $87,771 |
| SISTER M ANN KATHLEEN MAGIERA | DIRECTOR, TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| RUSSELL A YOUNG | DIRECTOR, ASSISTANT SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| SISTER LETHIA MARIE LEVEILLE | DIRECTOR, SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| SISTER JANE MARIE KLEIN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,532,712 | $9,121,031 | $235,145,789 | $7,411,681 |
| 2022 | $29,753,708 | $12,510,739 | $209,929,373 | $17,242,969 |
| 2021 | $7,136,194 | $30,886,332 | $233,016,594 | $-23,750,138 |
| 2020 | $-25,103,631 | $18,470,184 | $217,921,652 | $-43,573,815 |
| 2019 | $20,860,819 | $16,332,280 | $191,452,751 | $4,528,539 |
| 2018 | $23,974,960 | $18,076,848 | $179,155,934 | $5,898,112 |
Compare HILLS INSURANCE COMPANY INC C/O FRANCISCAN ALLIANCE INC with other nonprofits in Indiana and across the country.