Hills Insurance Company Inc
1515 W Dragoon Trl, Mishawaka, IN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $36,784,851 | $23,229,689 | $116,167,173 |
| FY2023 | $16,532,712 | $9,121,031 | $97,776,663 |
| FY2022 | $29,753,708 | $12,510,739 | $63,043,846 |
| FY2021 | $7,136,194 | $30,886,332 | $86,548,028 |
| FY2020 | -$25,103,631 | $18,470,184 | $83,544,133 |
| FY2019 | $20,860,819 | $16,332,280 | $72,753,899 |
| FY2018 | $23,974,960 | $18,076,848 | $54,942,382 |
| FY2017 | $20,076,579 | $11,770,763 | $65,398,609 |
| FY2016 | $17,214,422 | $21,453,523 | $47,190,244 |
| FY2015 | $19,230,563 | $29,222,472 | $44,681,635 |
| FY2014 | $16,710,211 | $16,581,259 | $65,713,827 |
| FY2013 | $13,217,824 | $11,648,001 | $63,324,411 |
| FY2012 | $22,802,561 | $16,621,945 | $53,853,786 |
| FY2011 | $23,375,141 | $17,023,768 | $42,406,995 |
Form 990 filings
The returns filed by Hills Insurance Company Inc (EIN 03-0372512), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $17,802,641 | 48% |
| Other revenue | $18,982,210 | 52% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $22,341,202 | 96% |
| Management & general | $888,487 | 4% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 52% of total revenue in FY2024.
- Program services accounted for 96% of functional expenses, management & general 4%, and fundraising 0%.
- 96% of functional expenses went to program services in FY2024. That is higher than 30.9% of 110 Mutual & Membership Benefit organizations nationwide (too few in IN for a state comparison).
- Net assets covered about 60 months of expenses at the end of the reporting year. That puts it in the 46th percentile among 153 Mutual & Membership Benefit organizations in IN.
- Total revenue was higher than 97.4% of 155 Mutual & Membership Benefit organizations in IN.
- Total revenue rose from $23,375,141 in FY2011 to $36,784,851 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2015, FY2016, FY2020, FY2021).
- Net assets grew from $42,406,995 to $116,167,173 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDING SELF-INSURANCE TO HOSPITALS OWNED AND/OR CONTROLLED BY ITS MEMBER, FRANCISCAN ALLIANCE, INC.
IRS status
| Ruling year | 2004 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | Y200 — Mutual & Membership Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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