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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Lions Insurance Company

Lions Insurance Company

Fiscal year ending 2022. Filed on November 14, 2023.

3838 North Rural Street
4th Floor
Indianapolis, Indiana 46205

Lions Insurance Company (EIN: 20-4372643) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Lions Insurance Company, a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $360,214. The highest compensated employee at Lions Insurance Company is Paul Babcock with fiscal year 2022 compensation of $406,889.

Revenue, expenses, and employee compensation

Revenue

$7,201,564

Expenses

$3,934,816

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Paul Babcock
President (Beg. 12/19/22)
$406,889
$0 $334,824 $72,065
Frances Brooke Dunn
Treasurer (Beg. 12/19/22)
$372,776
$0 $302,933 $69,843
Norman Aranda
President (End 12/19/22)
$300,977
$0 $222,913 $78,064

Benchmark Employee Compensation

Non-Employee Board Members

Nichole Goddard
Secretary (Beg. 12/19/22)
$138,224
$0 $115,436 $22,788
Robert W Lazard
Board Member (Beg. 12/19/22)
No compensation reported
Geeta Karnik
Board Member (End 12/19/22)
No compensation reported
Robert R Putnam
Board Member
No compensation reported

Contractors

Riley Bennett and Egloff LLP
Legal
$491,455
Friedman Kaplan Seiler & Adelman LLP
Legal
$447,500
Kramer Levin Naftalis Frankel LLP
Legal
$400,000
Faegre Drinker Biddle & Reath LLC
Legal and Consulting
$345,905
Schultz and Pogue LLP
Legal
$293,734

Mission Statement

TO PROVIDE INSURANCE COVERING THE PROFESSIONAL (MALPRACTICE) AND GENERAL LIABILITY EXPOSURES OF THE NURSING HOMES OPERATED BY HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (HHC); TO PROVIDE TAIL COVERAGE RELATING TO POTENTIAL EXPOSURE FOR PROFESSIONAL AND GENERAL CLAIMS INCURRED PRIOR TO THE INCEPTION OF LIONS INSURANCE COMPANY.

Revisions to this organization profile

October 6, 2025:
2024 Lions Insurance Company 990 filed
November 14, 2024:
2023 Lions Insurance Company 990 filed
November 14, 2023:
2022 Lions Insurance Company 990 filed

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