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Filing year 2024

HILLS INSURANCE COMPANY INC

Mishawaka, Indiana·EIN 03-0372512·NTEE Y200 · Mutual & Membership Benefit·501(c)(3)
Total revenue
$36.8M
Total assets
$255.9M
Total expenses
$23.2M
Reported officers
8
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.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Director/president/chair
Median to 75th percentile
$109k
$117k
Former Vice President
Board Vice President
Median to 75th percentile
$31k
$34k
Former Admin Director
Former Officer/director/trustee
10th to 25th percentilevs all sectors nationwide
$27k
$29k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at HILLS INSURANCE COMPANY INC equaled 0.5% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.5%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 45%
from 2023

From $198k in 2023 to $109k in 2024.

$198k
2023
$109k
2024
In today's dollarsEst.
Down 46% in real terms$218k to $117k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 45% from 2023 to 2024, while revenue rose 122%.

$198k in 2023 to $109k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

1
DirectEmployers Association Inc2024
$759k
2
HILLS INSURANCE COMPANY INC2024
$109k
See full Executive Director compensation rankings across Mutual & Membership Benefit
FAQ

Common questions about HILLS INSURANCE COMPANY INC

What does the Chief Executive Officer of HILLS INSURANCE COMPANY INC earn?

In 2024, the Chief Executive Officer of HILLS INSURANCE COMPANY INC received $108,891 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HILLS INSURANCE COMPANY INC compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at HILLS INSURANCE COMPANY INC falls between the median and the 75th percentile. In 2024, the highest total compensation at HILLS INSURANCE COMPANY INC equaled 0.5% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are HILLS INSURANCE COMPANY INC's revenue and expenses?

In 2024, HILLS INSURANCE COMPANY INC reported $36.8M in total revenue and $23.2M in total expenses on its IRS Form 990.

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