Lions Insurance Company
Lions Insurance Company shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 204372643 · Indianapolis, IN · NTEE: E119 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $15.5M |
| Transparency Score | 90/100 |
Is Lions Insurance Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lions Insurance Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lions Insurance Company
Lions Insurance Company (EIN: 204372643) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code E119. The organization reported total revenue of $9.2M and total assets of $46.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lions Insurance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lions Insurance Company is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$5.8M |
| Total Assets | $40.6M |
| Total Liabilities | $25.1M |
| Net Assets | $15.5M |
| Operating Margin | 67.5% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 173.1 months |
Financial Health Grade: A
In 2023, Lions Insurance Company reported a surplus of $5.8M with revenue exceeding expenses, holds 173.1 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lions Insurance Company's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | -28.4% | +11.6% |
| 2022 | +13.9% | -40.7% | +11.1% |
| 2021 | -6.0% | -7.3% | +6.8% |
| 2020 | +3.0% | +24.9% | +10.0% |
| 2019 | +16.5% | +17.1% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lions Insurance Company with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lions Insurance Company allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.8%.
Executive Compensation Analysis
Lions Insurance Company consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with current revenue of over $9 million and assets exceeding $46 million. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently, warranting further scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lions Insurance Company's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure how leadership is compensated or supported.
- Lack of detailed program spending breakdown in the provided summary data, making it difficult to assess direct mission impact without further information.
Strengths
The following positive indicators were identified for Lions Insurance Company:
- Consistent and significant asset growth, demonstrating strong financial stewardship (from $20M in 2014 to $46M currently).
- Revenue consistently exceeding expenses in recent years, indicating financial stability and sustainability (e.g., $8.6M revenue vs. $2.8M expenses in 2023).
- Zero reported officer compensation, suggesting a high degree of financial efficiency and dedication of resources to the organization's mission.
- Healthy balance sheet with assets significantly exceeding liabilities.
Frequently Asked Questions about Lions Insurance Company
Is Lions Insurance Company a legitimate charity?
Lions Insurance Company (EIN: 204372643) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lions Insurance Company spend its money?
Lions Insurance Company directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lions Insurance Company tax-deductible?
Lions Insurance Company is registered as a tax-exempt nonprofit (EIN: 204372643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lions Insurance Company CEO make?
Lions Insurance Company's highest-compensated officer earns $9 annually. The organization reported $9.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lions Insurance Company's spending goes to programs?
Lions Insurance Company directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lions Insurance Company compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lions Insurance Company is above average for NTEE category E119 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lions Insurance Company located?
Lions Insurance Company is headquartered in Indianapolis, Indiana and files with the IRS under EIN 204372643. It is classified under NTEE code E119.
How many years of IRS 990 filings does Lions Insurance Company have?
Lions Insurance Company has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.2M in total revenue.
How does Lions Insurance Company manage to operate with 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with current revenue of $9,221,965 and assets of $46,290,744. This could indicate a fully volunteer executive leadership, or that compensation for key management is categorized under other expense lines, which would require a deeper dive into their detailed financial statements to understand fully.
What are the primary programs or services provided by Lions Insurance Company?
The provided IRS 990 data does not detail the specific programs or services offered by Lions Insurance Company. The NTEE code E119 typically relates to 'Insurance Providers', suggesting their mission involves providing insurance, likely for charitable or social welfare purposes given their nonprofit status.
What is the organization's strategy for managing its growing liabilities?
While liabilities have grown from $11,415,193 in 2014 to $25,093,051 in 2023, the asset growth has outpaced this, with assets increasing from $20,016,980 to $40,622,119 in the same period. This indicates a healthy financial position where assets comfortably cover liabilities, suggesting a prudent financial management strategy.
Filing History
IRS 990 filing history for Lions Insurance Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lions Insurance Company's revenue has grown by 122.5%, moving from $3.9M to $8.7M. Total assets increased by 137.9% over the same period, from $17.1M to $40.6M. Total functional expenses rose by 32.9%, from $2.1M to $2.8M. In its most recent filing year (2023), Lions Insurance Company reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $25.1M in liabilities against $40.6M in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $2.8M | $40.6M | $25.1M | — | View 990 |
| 2022 | $7.2M | $3.9M | $36.4M | $26.7M | — | View 990 |
| 2021 | $6.3M | $6.6M | $32.7M | $26.3M | — | View 990 |
| 2020 | $6.7M | $7.2M | $30.6M | $23.9M | — | View 990 |
| 2019 | $6.5M | $5.7M | $27.9M | $20.7M | — | View 990 |
| 2018 | $5.6M | $4.9M | $25.2M | $18.8M | — | View 990 |
| 2017 | $5.2M | $7.3M | $24.0M | $18.3M | — | View 990 |
| 2016 | $4.3M | $4.8M | $22.8M | $15.0M | — | View 990 |
| 2015 | $3.9M | $4.3M | $21.7M | $13.5M | — | View 990 |
| 2014 | $3.8M | $4.1M | $20.0M | $11.4M | — | View 990 |
| 2013 | $3.7M | $2.4M | $19.8M | $10.9M | — | View 990 |
| 2012 | $4.3M | $986K | $18.4M | $10.9M | — | View 990 |
| 2011 | $3.9M | $2.1M | $17.1M | $11.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $2.8M, and assets of $40.6M (revenue +20.3% year-over-year).
- 2022: Revenue of $7.2M, expenses of $3.9M, and assets of $36.4M (revenue +13.9% year-over-year).
- 2021: Revenue of $6.3M, expenses of $6.6M, and assets of $32.7M (revenue -6.0% year-over-year).
- 2020: Revenue of $6.7M, expenses of $7.2M, and assets of $30.6M (revenue +3.0% year-over-year).
- 2019: Revenue of $6.5M, expenses of $5.7M, and assets of $27.9M (revenue +16.5% year-over-year).
- 2018: Revenue of $5.6M, expenses of $4.9M, and assets of $25.2M (revenue +7.8% year-over-year).
- 2017: Revenue of $5.2M, expenses of $7.3M, and assets of $24.0M (revenue +19.8% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.8M, and assets of $22.8M (revenue +11.7% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.3M, and assets of $21.7M (revenue +1.5% year-over-year).
- 2014: Revenue of $3.8M, expenses of $4.1M, and assets of $20.0M (revenue +3.3% year-over-year).
- 2013: Revenue of $3.7M, expenses of $2.4M, and assets of $19.8M (revenue -14.6% year-over-year).
- 2012: Revenue of $4.3M, expenses of $986K, and assets of $18.4M (revenue +11.5% year-over-year).
- 2011: Revenue of $3.9M, expenses of $2.1M, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lions Insurance Company:
Data Sources and Methodology
This transparency report for Lions Insurance Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.