LOUISIANA INSURANCE GUARANTY ASSOCIATION (EIN 720889235) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

JOHN WELLS

Phone

2252914775

Tax Period

2023-01-01 to 2023-12-31

LOUISIANA INSURANCE GUARANTY ASSOCIATION, founded in 1971, is a major nonprofit that reported $213.4M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $339.9M exceeded revenue, resulting in a 59% operating deficit.

Mission

LIGA IS AN ORGANIZATION CREATED BY THE INSURANCE GUARANTY ACT (LA. R.S. 1375-1394) TO PAY FOR THE CLAIMS OF INSOLVENT MEMBER INSURANCE COMPANIES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $194,627,090

Investment Income $18,741,443

Other Revenue $-1,432

TOTAL REVENUE $213,367,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,266,600

Fundraising Expenses $0

Other Expenses $57,661,882

TOTAL EXPENSES $339,949,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,367,101	$286,761,854	-0.3%
Expenses	$339,949,905	$462,470,125	-0.3%
Net Income	$-126,582,804	$-175,708,271	-0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$375,199

Total Directors

Key Employees

$214,658

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY BETZ	DIRECTOR (THRU 03/23)	1.00	Director	$0	$0	$0
CULLEN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DENIS HUSERS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WISE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HAWIE	TREASURER	1.00	Officer Director	$0	$0	$0
MARKHAM R MCKNIGHT	DIRECTOR (THRU 09/23)	1.00	Director	$0	$0	$0
MICHAEL T GRAY	CHAIR	1.00	Officer Director	$0	$0	$0
NOEL J BUNOL IV	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SCHREMPP	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL DUTZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RODRIGUE JR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LABORDE	GENERAL COUNSEL	1.00	Director	$0	$0	$0
STEWART GUERIN	LDI LIAISON	1.00	Director	$0	$0	$0
JOHN WELLS	EXECUTIVE DIRECTOR	40.00	Officer	$345,839	$29,360	$375,199
DEIDRE ARCENEAUX	CLAIMS MANAGER	40.00	Key Emp	$202,579	$12,079	$214,658
MALCOLM TWINER	SR. CLAIM EXAMINER	40.00	Highest	$117,391	$19,940	$137,331
KEN MANN	SR. CLAIM EXAMINER	40.00	Highest	$124,691	$8,108	$132,799
KERRY CICCONE	SR. CLAIM EXAMINER	40.00	Highest	$100,005	$16,726	$116,731

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	$213,367,101	$339,949,905	$381,849,590	$-126,582,804
2022	$286,761,854	$462,470,125	$508,430,962	$-175,708,271
2021	$14,540,897	$78,212,431	$107,866,753	$-63,671,534
2020	$10,337,133	$8,714,841	$147,811,398	$1,622,292
2019	$8,074,522	$10,171,713	$146,301,870	$-2,097,191
2018	$18,965,221	$13,525,144	$148,286,729	$5,440,077

LOUISIANA INSURANCE GUARANTY ASSOCIATION