LOUISIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION (EIN 721199390) - 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

1991

Legal Domicile

Principal Officer

JULIE FUSELIER

Phone

2253810656

Tax Period

2023-01-01 to 2023-12-31

LOUISIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION, founded in 1991, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 61% operating margin.

Mission

GUARANTY ASSOCIATION FOR INSOLVENT LIFE AND HEALTH 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 $3,484,293

Investment Income $977,263

Other Revenue $5,334,099

TOTAL REVENUE $9,795,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,799,139

TOTAL EXPENSES $3,799,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,795,655	$4,137,945	+1.4%
Expenses	$3,799,139	$2,124,298	+0.8%
Net Income	$5,996,516	$2,013,647	+2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOREY HARVEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS MUNSON	VICE-CHAIRMAN, ASSISTANT SECRETARY (THRU 02/23)	1.00	Officer Director	$0	$0	$0
DONNA D FRAICHE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE FUSELIER	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
MARGARET SHEHEE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SKIP BRAZIEL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TINDALL	VICE CHAIRMAN, ASSISTANT SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DARIE JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
GERALD DAUL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LAGRONE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
SAKINA SHARP	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EICHELBERGER	DIRECTOR	1.00	Director	$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	$9,795,655	$3,799,139	$31,850,644	$5,996,516
2022	$4,137,945	$2,124,298	$26,155,689	$2,013,647
2021	$4,660,798	$1,981,187	$23,716,815	$2,679,611
2020	$4,149,551	$2,405,326	$20,844,401	$1,744,225
2019	$1,623,735	$1,165,687	$19,102,926	$458,048
2018	$4,111,682	$679,362	$18,542,223	$3,432,320

LOUISIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION