Louisiana Insurance Guaranty Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,337,133 | 8,714,841 | 1,622,292 | 203.5 | 11% |
| 2021 | 14,540,897 | 78,212,431 | −63,671,534 | 12.9 | 2% |
| 2022 | 286,761,854 | 462,470,125 | −175,708,271 | -2.4 | 0% |
In its most recent public year (2022), this organization spent $175,708,271 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.4 months), down from 203.5 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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