Louisiana Insurance Guaranty Association
501(c)(6)
100% goes to programs Thin reserves Growing revenue
Louisiana Insurance Guaranty Association is a 501(c)(6) organization based in Baton Rouge, Louisiana, registered in 1975, with $222,880,537 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
2142 Quail Run, Baton Rouge, LA, 70808 EIN 72-0889235 Since 1975
Revenue (FY2024)
$222.9M
▲ 4.5% vs prior year
Expenses (FY2024)
$221.0M
Net assets
-$216.3M
Employees
21
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Louisiana Insurance Guaranty Association: 100% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Louisiana Insurance Guaranty Association: 0 mo reserves · +1% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Louisiana Insurance Guaranty Association: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Louisiana Insurance Guaranty Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 2142 Quail Run, Baton Rouge, LA, 70808
- City
- Baton Rouge
- State
- Louisiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.6M (FY2013) to $222.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $600.0MNet assets -$216.3M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$383.7M
Total liabilities
$600.0M
Net assets
-$216.3M
Salaries & benefits
$2.1M
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $222,880,537▲4.5% | $221,046,738▼35.0% | -$216,315,191▲0.8% | $383,685,518▲0.5% | 990 |
| 2023 | $213,367,101▼25.6% | $339,949,905▼26.5% | -$218,151,119▼138% | $381,849,590▼24.9% | 990 |
| 2022 | $286,761,854▲1872% | $462,470,125▲491% | -$91,569,747▼209% | $508,430,962▲371% | 990 |
| 2021 | $14,540,897▲40.7% | $78,212,431▲797% | $84,139,899▼43.1% | $107,866,753▼27.0% | 990 |
| 2020 | $10,337,133▲28.0% | $8,714,841▼14.3% | $147,811,398▲1.1% | $147,811,398▲1.0% | 990 |
| 2019 | $8,074,522▼57.4% | $10,171,713▼24.8% | $146,189,237▼1.4% | $146,301,870▼1.3% | 990 |
| 2018 | $18,965,221▲15.5% | $13,525,144▼23.4% | $148,286,729▲3.8% | $148,286,729▲3.8% | 990 |
| 2017 | $16,422,423▲109% | $17,664,408▲38.9% | $142,846,179▼0.9% | $142,846,179▼0.9% | 990 |
| 2016 | $7,838,991▲77.3% | $12,718,006▼85.1% | $144,089,695▼3.3% | $144,089,695▼3.3% | 990 |
| 2015 | $4,420,579▼65.3% | $85,587,002▲660% | $148,940,373▼35.3% | $148,940,373▼35.3% | 990 |
| 2014 | $12,734,440▲126% | $11,261,267▲1.5% | $230,130,309▲0.6% | $230,210,674▲0.7% | 990 |
| 2013 | $5,637,443 | $11,099,219▲23.8% | $228,661,131▼2.3% | $228,661,131▼2.5% | 990 |
| 2012 | — | $8,967,050▲32.9% | $234,123,424▲0.5% | $234,425,929▲0.6% | 990 |
| 2011 | — | $6,747,268▼39.5% | $232,960,844▲8.0% | $232,960,844▲8.0% | 990 |
| 2010 | — | $11,156,364 | $215,648,926 | $215,648,926 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: John Wells — $267,000 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Wells | Executive Director | 40 | $267,000 |
| Deidre Arceneaux | Claims Manager | 40 | $184,208 |
| Ken Mann | Sr. Claim Examiner | 40 | $128,712 |
| Malcolm Twiner | Sr. Claim Examiner | 40 | $124,396 |
| Kerry Ciccone | Sr. Claim Examiner | 40 | $109,811 |
| Richard Guillot Jr | Property Litigation Manager | 40 | $103,654 |
| Aj Herbert | Director | 1 | — |
| Cullen Clark | Director | 1 | — |
| Denis Husers | Director | 1 | — |
| Jennifer Wise | Director | 1 | — |
| John Hawie | Treasurer | 1 | — |
| Michael Dutz | Director | 1 | — |
| Michael Rodrigue Jr | Director (3/14/2024) | 1 | — |
| Michael T Gray | Chair | 1 | — |
| Noel J Bunol IV | Director | 1 | — |
| Stephen Schrempp | Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Legions Claims | Claims Processing | $25,450,963 |
| Taylor Porter Brooks & Phillips | Defense Attorneys | $2,358,920 |
| Degan Blanchard & Nash | Defense Attorneys | $1,972,368 |
| Kelley Kronenberg PA | Defense Attorneys | $1,933,632 |
| Stephen R Barry Aplc | Defense Attorneys | $1,705,477 |
Frequently asked questions
- Is Louisiana Insurance Guaranty Association a legitimate nonprofit?
- Yes. Louisiana Insurance Guaranty Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 72-0889235, based in Baton Rouge, Louisiana.
- What is Louisiana Insurance Guaranty Association's EIN?
- Louisiana Insurance Guaranty Association's Employer Identification Number (EIN) is 72-0889235.
- How much revenue does Louisiana Insurance Guaranty Association report?
- Louisiana Insurance Guaranty Association reported $222,880,537 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Louisiana Insurance Guaranty Association's spending goes to programs?
- Louisiana Insurance Guaranty Association spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Louisiana Insurance Guaranty Association have?
- CharityIndex grades Louisiana Insurance Guaranty Association C, based on program efficiency and fundraising cost.
- How much does Louisiana Insurance Guaranty Association's highest-paid employee make?
- The highest reported compensation on Louisiana Insurance Guaranty Association's latest Form 990 is $267,000, paid to John Wells (Executive Director).
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Data for Louisiana Insurance Guaranty Association (EIN 72-0889235) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.