INDEPENDENT INSURANCE AGENTS AND BROKERS OF LOUISIANA INC

EIN: 720373619

BATON ROUGE, LA

Total Revenue
$2,179,630
Total Expenses
$1,675,701
Total Assets
$11,022,226
Net Assets
$10,394,836
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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
1924
Legal Domicile
LA
Principal Officer
BEN ALBRIGHT
Phone
2258198007
Tax Period
2024-07-01 to 2025-06-30

INDEPENDENT INSURANCE AGENTS AND BROKERS OF LOUISIANA INC, founded in 1924, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $504K, a strong 23% operating margin.

Mission

THE MISSION OF THE INDEPENDENT INSURANCE AGENTS & BROKERS OF LOUISIANA, WORKING IN THE PUBLIC INTEREST, IS TO BE THE UNRELENTING ADVOCATE FOR INDEPENDENT INSURANCE AGENTS AND TO MEET THE EDUCATION, POLITICAL, AND BUSINESS NEEDS OF IIABL MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $940,668
Investment Income $634,195
Other Revenue $604,767
TOTAL REVENUE $2,179,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $516,515
Fundraising Expenses $0
Other Expenses $1,159,186
TOTAL EXPENSES $1,675,701

Year-over-Year Comparison

2024 2023 Change
Revenue $2,179,630 $2,136,521 +0.0%
Expenses $1,675,701 $1,048,825 +0.6%
Net Income $503,929 $1,087,696 -0.5%
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
24
Independent Members
24
Employees
7
Volunteers
24

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
8
$490,488
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN BODKIN-SMITH MEMBER 1.00
Director
$0 $0 $0
ARMOND SCHWING CIC PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
EUGENE MONTGOMERY MEMBER 1.00
Director
$0 $0 $0
BEAU HEAROD MEMBER 1.00
Director
$0 $0 $0
BRET HUGHES CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLES LEBLANC MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER S HAIK MEMBER 1.00
Director
$0 $0 $0
CHRISTY DESOTO MEMBER 1.00
Director
$0 $0 $0
CRAIG MARTEL MEMBER 1.00
Director
$0 $0 $0
DOMINIQUE DICARLO-CROUCH MEMBER 1.00
Director
$0 $0 $0
HARTWIG MOSS MEMBER 1.00
Director
$0 $0 $0
JOE KING MONTGOMERY SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
JOHN L BECKMANN III STATE NATIONAL DIRECTOR 1.00
Officer Director
$0 $0 $0
LYDIA MCMORRIS MEMBER 1.00
Director
$0 $0 $0
MAGGIE LANDRY YOUNG AGENTS REPRESENTATIVE 1.00
Officer Director
$0 $0 $0
MATT GRAHAM MEMBER 1.00
Director
$0 $0 $0
MATTHEW DE BLANC MEMBER 1.00
Director
$0 $0 $0
RANDY PERISE MEMBER 1.00
Director
$0 $0 $0
ROB EPPERS MEMBER 1.00
Director
$0 $0 $0
ROBERT PALMER MEMBER 1.00
Director
$0 $0 $0
ROBERT STONE MEMBER 1.00
Director
$0 $0 $0
ROSS HENRY CHAIRMAN-ELECT 1.00
Officer Director
$0 $0 $0
SETH OSTENDORFF MEMBER 1.00
Director
$0 $0 $0
STUART HARRIS MEMBER 1.00
Director
$0 $0 $0
BEN ALBRIGHT CEO 40.00
Officer
$99,638 $0 $180,701
JEFF ALBRIGHT FORMER CEO 40.00
Officer
$165,981 $8,770 $309,787
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
2025 $2,179,630 $1,675,701 $11,022,226 $503,929
2024 No data No data No data No data
2023 $2,023,369 $1,905,847 $10,143,507 $117,522
2022 $1,762,629 $1,520,209 $9,967,133 $242,420
2021 $1,588,188 $1,139,639 $11,038,195 $448,549
2020 $1,130,777 $1,169,241 $9,228,824 $-38,464
2019 $1,567,269 $1,431,220 $9,257,991 $136,049
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