HILLS INSURANCE COMPANY INC C/O FRANCISCAN ALLIANCE INC

EIN: 030372512 501(c)(3) Mutual Benefit

MISHAWAKA, IN

Total Revenue
$16,532,712
Total Expenses
$9,121,031
Total Assets
$235,145,789
Net Assets
$97,776,663
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VT
Principal Officer
KEVIN D LEAHY
Phone
5742563935
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

PROVIDING SELF-INSURANCE TO HOSPITALS OWNED AND/OR CONTROLLED BY ITS MEMBER, FRANCISCAN ALLIANCE, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,067,948
Investment Income $-535,236
Other Revenue $0
TOTAL REVENUE $16,532,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,208,528
Other Expenses $9,121,031
TOTAL EXPENSES $9,121,031

Year-over-Year Comparison

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%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$3,341,622
Total Directors
5
$2,665,008
Key Employees
0
$0
Highest Compensated
0
reported
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
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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
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