Nonprofit · EIN 72-0889235
LOUISIANA INSURANCE GUARANTY ASSOCIATION
Tax-exempt · BATON ROUGE, LA 70808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $222,880,537 | $221,046,738 | $1,833,799 | $383,685,518 | $600,000,709 | -$216,315,191 |
| December 31, 2023 | 990 | $213,367,101 | $339,949,905 | -$126,582,804 | $381,849,590 | $600,000,709 | -$218,151,119 |
| December 31, 2022 | 990 | $286,761,854 | $462,470,125 | -$175,708,271 | $508,430,962 | $600,000,709 | -$91,569,747 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $203,408,984
- Investment income
- $19,473,682
- Net gain from sales of assets
- $576,845
- Other revenue
- -$2,129
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $180,667,498
- Compensation of officers, directors and key employees
- $292,886
- Other salaries and wages
- $1,450,432
- Salaries, compensation and benefits (total)
- $2,075,743
- Professional fundraising fees
- $0
- Legal fees
- $23,652
- Accounting fees
- $59,230
- Occupancy
- $31,426
- Travel
- $28,104
Balance sheet and other
- Total assets, start of year
- $381,849,590
- Total assets, end of year
- $383,685,518
- Total liabilities, end of year
- $600,000,709
- Net assets, end of year
- -$216,315,191
- Net assets without donor restrictions
- -$216,315,191
- Gross receipts
- $437,628,991
- Employees
- 21
- Volunteers
- 9
- Year formed
- 1971
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN WELLS | EXECUTIVE DIRECTOR Officer | 40 | $267,000 | $25,886 |
| DEIDRE ARCENEAUX | CLAIMS MANAGER Key employee | 40 | $184,208 | $11,472 |
| MALCOLM TWINER | SR. CLAIM EXAMINER Highest-paid employee | 40 | $124,396 | $13,109 |
| KEN MANN | SR. CLAIM EXAMINER Highest-paid employee | 40 | $128,712 | $8,437 |
| KERRY CICCONE | SR. CLAIM EXAMINER Highest-paid employee | 40 | $109,811 | $17,016 |
| RICHARD GUILLOT JR | PROPERTY LITIGATION MANAGER Highest-paid employee | 40 | $103,654 | $2,717 |
| CULLEN CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENIS HUSERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HAWIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL T GRAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NOEL J BUNOL IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN SCHREMPP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL DUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL RODRIGUE JR | DIRECTOR (3/14/2024) Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AJ HERBERT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN WELLS | EXECUTIVE DIRECTOR Officer | 40 | $345,839 | $29,360 |
| DEIDRE ARCENEAUX | CLAIMS MANAGER Key employee | 40 | $202,579 | $12,079 |
| MALCOLM TWINER | SR. CLAIM EXAMINER Highest-paid employee | 40 | $117,391 | $19,940 |
| KEN MANN | SR. CLAIM EXAMINER Highest-paid employee | 40 | $124,691 | $8,108 |
| KERRY CICCONE | SR. CLAIM EXAMINER Highest-paid employee | 40 | $100,005 | $16,726 |
| CINDY BETZ | DIRECTOR (THRU 03/23) Trustee or director | 1 | $0 | $0 |
| CULLEN CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENIS HUSERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HAWIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARKHAM R MCKNIGHT | DIRECTOR (THRU 09/23) Trustee or director | 1 | $0 | $0 |
| MICHAEL T GRAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NOEL J BUNOL IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN SCHREMPP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL DUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL RODRIGUE JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE LABORDE | GENERAL COUNSEL Trustee or director | 1 | $0 | $0 |
| STEWART GUERIN | LDI LIAISON Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN WELLS | LIGA DIRECTOR Officer | 40 | $269,675 | $25,808 |
| DEIDRE ARCENEAUX | CLAIMS MANAGER Highest-paid employee | 40 | $183,683 | $10,994 |
| MALCOLM TWINER | SR. CLAIM EXAMINER Highest-paid employee | 40 | $111,135 | $22,932 |
| KEN MANN | SR. CLAIM EXAMINER Highest-paid employee | 40 | $110,431 | $6,181 |
| CINDY BETZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CULLEN CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENIS HUSERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN HAWIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARKHAM R MCKNIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL T GRAY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NOEL J BUNOL IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN SCHREMPP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2142 QUAIL RUN, BATON ROUGE, LA 70808-4126
- Principal officer (990 for 2024)
- JOHN WELLS, 2142 QUAIL RUN DRIVE, BATON ROUGE, LA 708084126
- Signed the 990
- JOHN WELLS, EXECUTIVE DIRECTOR
- Phone
- (225) 291-4775
- Website
- WWW.LAIGA.ORG
- Return prepared by
- EAG GULF COAST LLC
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. FUNDS ARE PROVIDED FOR THE PAYMENT OF THE CLAIMS BY THE ASSESSMENT OF THE REMAINING MEMBER INSURANCE COMPANIES. ALL ADMITTED INSURANCE COMPANIES DOING BUSINESS IN LOUISIANA ARE REQUIRED TO BE MEMBERS OF THE ASSOCIATION (EXCLUDING CERTAIN LINES OF BUSINESS EXCLUDED BY STATUTE).
Program accomplishments
- LIGA SERVES AS A SAFETY NET FOR LOUISIANA INSURANCE POLICYHOLDERS. IN 2024, LIGA PAID APPROXIMATELY $127.5 MILLION TO POLICYHOLDERS AND THIRD PARTY CLAIMANTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-0889235
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $383,685,518
- Income (IRS master file)
- $437,628,991
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $222,880,537 | $221,046,738 | $383,685,518 | IRS |
| 990 | December 2023 | $213,367,101 | $339,949,905 | $381,849,590 | XML |
| 990 | December 2022 | $286,761,854 | $462,470,125 | $508,430,962 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-0889235).
Questions about LOUISIANA INSURANCE GUARANTY ASSOCIATION
- What is the EIN of LOUISIANA INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of LOUISIANA INSURANCE GUARANTY ASSOCIATION is 72-0889235.
- Is LOUISIANA INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to LOUISIANA INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOUISIANA INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOUISIANA INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOUISIANA INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOUISIANA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JOHN WELLS.
- Who are the officers and directors of LOUISIANA INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 6 received compensation from the organization, the highest $267,000 (JOHN WELLS, EXECUTIVE DIRECTOR).
- How much revenue does LOUISIANA INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $222,880,537, expenses of $221,046,738 and total assets of $383,685,518 at year end.
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