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Hills Insurance Company
Hills Insurance Company reported $36.8 million in revenue and $23.2 million in expenses for calendar year 2024. Of every $100 it spent, $96.18 went to program services, $3.82 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 51.6% of the total. The highest compensation it reported for one person was $3,036,555 (DIRECTOR/PRESIDENT/CHAIR). Revenue rose 76% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 41 covered mutual & membership benefit charities: $96.16 programs, $3.84 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $37MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.2% | 95.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.8% | 3.8% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | — |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 0.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 48.4% | 79.8% |
| Highest reported compensation Part VII-A, columns D–F | $3,036,555 | $654,166 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 13.07% | 1.64% |
| People paid over $100,000 Part VII, line 2 | 0 | 0 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 60.0 | 22.6 |
| Independent voting board members Part VI 1a–1b | 4 of 5 | 92.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFranciscan 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR/PRESIDENT/CHAIR Director/trustee, officer, 1.0 hrs/week | $0 | $2,927,664 | $108,891 | $3,036,555 |
| FORMER VICE PRESIDENT Former, 0.0 hrs/week | $0 | $264,836 | $31,304 | $296,140 |
| FORMER ADMIN DIRECTOR Former, 0.0 hrs/week | $0 | $136,783 | $27,052 | $163,835 |
| INTERIM VICE PRESIDENT Officer, 1.0 hrs/week | $0 | $63,274 | $0 | $63,274 |
0 people received more than $100,000 in reportable compensation from Hills Insurance Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Hills Insurance Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hills Insurance Company, you can publish a response that is linked from this page.
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Of every $100 Hills Insurance Company spent in 2024, $96.18 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Hills Insurance Company's spending goes to programs?
In calendar year 2024, Hills Insurance Company reported that 96.2% of its $23.2 million in expenses went to program services, 3.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hills Insurance Company pay its top executive?
The largest total compensation Hills Insurance Company reported for one person in calendar year 2024 was $3,036,555, for the role of DIRECTOR/PRESIDENT/CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hills Insurance Company get its money?
Of $36.8 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 48.4% from program service revenue (Form 990, Part VIII).
Is Hills Insurance Company a registered charity?
The IRS lists EIN 03-0372512 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523219349318217 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349321958 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349316882 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349328387 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349302877 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349313780 · read the filing
All filings for EIN 03-0372512: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.