LAC ASSURANCE LTD

EIN: 464310313

MONROE, LA

Total Revenue
$544,104
Total Expenses
$82,188
Total Assets
$3,487,379
Net Assets
$3,105,030
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Principal Officer
JOHN SHACKELFORD III
Tax Period
2023-01-01 to 2023-12-31

LAC ASSURANCE LTD, founded in 2013, is a small nonprofit that reported $544K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $462K, a strong 85% operating margin.

Mission

THE COMPANY IS A NONPUBLIC INSURANCE ORGANIZATION PROVIDING LIABILITY COVERAGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $102,578
Other Revenue $441,526
TOTAL REVENUE $544,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,188
Other Expenses $82,188
TOTAL EXPENSES $82,188

Year-over-Year Comparison

2023 2022 Change
Revenue $544,104 $272,866 +1.0%
Expenses $82,188 $555,210 -0.9%
Net Income $461,916 $-282,344 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SHACKELFORD III PRESIDENT N/A
Officer
$0 $0 $0
TED SCHNEIDER SECRETARY N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $544,104 $82,188 $3,487,379 $461,916
2022 $272,866 $555,210 $2,960,786 $-282,344
2021 $311,749 $63,166 $3,157,503 $248,583
2020 $383,672 $50,576 $3,004,655 $333,096
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