Mdwise Inc
501(c)(4)
99% goes to programs Growing revenue
Mdwise Inc is a 501(c)(4) organization based in Indianapolis, Indiana, registered in 1995, with $1,812,972,288 in FY2024 revenue. CharityIndex grades it A, and it directs about 99% of spending to programs.
2955 N Meridian Street, Indianapolis, IN, 46208 EIN 35-1931354 Since 1995
Revenue (FY2024)
$1.8B
▼ 7.6% vs prior year
Expenses (FY2024)
$1.8B
Net assets
$251.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating99% 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 Mdwise Inc: 99% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +3% 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 Mdwise Inc: 2 mo reserves · +3% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Mdwise Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Mdwise Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Mdwise is a not-for-profit health maintenance organization contracting with healthcare providers to provide services to its members for two state medicaid programs: hoosier healthwise (hhw) and healthy indiana plan (hip) as well as the medicare advantage program within select counties in the state of indiana.
What they do
Beginning january 1, 2022, mdwise was granted a one-year contract with the centers for medicare and medicaid services ("cms") to arrange for and administer the medicare advantage programs in select counties within the state of indiana. this contract has been renewed for 2023 and 2024. mdwise has exited the medicare product line as of 12/31/2024.
Contact & location
- Address
- 2955 N Meridian Street, Indianapolis, IN, 46208
- City
- Indianapolis
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $457.6M (FY2013) to $1.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $434.7MNet assets $251.4M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$686.2M
Total liabilities
$434.7M
Net assets
$251.4M
Salaries & benefits
$31.9M
2% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,812,972,288▼7.6% | $1,765,706,104▼7.2% | $251,445,394▲5.5% | $686,158,141▼1.1% | 990 |
| 2023 | $1,962,990,873▲4.8% | $1,903,254,350▲4.6% | $238,304,037▼13.2% | $693,759,619▲1.0% | 990 |
| 2022 | $1,873,130,560▲19.0% | $1,820,219,621▲19.1% | $274,648,978▲31.7% | $686,951,288▲47.6% | 990 |
| 2021 | $1,573,928,863▲19.3% | $1,528,009,666▲20.5% | $208,502,653▲4.6% | $465,353,374▼11.9% | 990 |
| 2020 | $1,319,626,095▲4.5% | $1,267,569,966▲3.8% | $199,302,996▲38.1% | $528,082,609▲43.3% | 990 |
| 2019 | $1,263,222,506▼0.4% | $1,221,588,489▼1.9% | $144,352,606▲31.0% | $368,555,855▼7.6% | 990 |
| 2018 | $1,268,160,486▼14.3% | $1,244,996,271▼15.1% | $110,197,943▼5.5% | $398,850,570▲0.3% | 990 |
| 2017 | $1,479,206,943▲2.1% | $1,466,123,306▲3.3% | $116,624,000▲12.6% | $397,683,911▲28.1% | 990 |
| 2016 | $1,449,040,935▲38.7% | $1,419,550,651▲37.7% | $103,540,363▲39.8% | $310,489,675▼8.6% | 990 |
| 2015 | $1,044,972,543▲75.3% | $1,031,207,337▲73.6% | $74,050,079▲71.1% | $339,854,114▲244% | 990 |
| 2014 | $596,206,768▲30.3% | $593,878,332▲29.1% | $43,284,877▲32.9% | $98,883,222▲37.3% | 990 |
| 2013 | $457,589,942 | $460,189,122▲1.9% | $32,575,319▼10.2% | $72,023,514▼9.2% | 990 |
| 2012 | — | $451,761,122▲1.3% | $36,295,504▲8.2% | $79,282,022▲29.8% | 990 |
| 2011 | — | $445,811,150▼8.1% | $33,558,226▲7.3% | $61,059,469▼6.5% | 990 |
| 2010 | — | $485,135,222 | $31,260,773 | $65,287,517 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Brown | Chairman | 0.5 | — |
| Brittney Mullaney | Vp Health Services | 40 | — |
| Chasity Howell | Vp Provider Services | 40 | — |
| Cheryl Diehl | Assistant Treasurer and Cfo | 1 | — |
| David Mazurkiewicz | Treasurer | 0.5 | — |
| Jeffrey Wheeler | Medical Director | 20 | — |
| Jessica Cromer | President and Ceo | 21.5 | — |
| Johnie Goerges | Dir Business Technology | 40 | — |
| Joshua Burger | Dir Provider Relations | 40 | — |
| Kathleen Kendall | Secretary - Part Year | 1 | — |
| Lisa Knowles | Dir Dental Programs | 20 | — |
| Marcia Shively | Dir Business Services | 40 | — |
| Patricia Hebenstreit | Vp General Counsel | 20 | — |
| Timothy Noonan | Data Analytics Admin Sr | 40 | — |
| Tricia Brunton | Secretary/vp Finance | 41 | — |
| Wendi Powell | Dir Pharmacy | 20 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Modivcare Solutions LLC | Transportation | $9,410,020 |
| Aaretech LLC | Consulting | $1,536,822 |
| Robailey Consulting LLC | Consulting | $1,289,433 |
| Zipari Inc | Software | $805,047 |
| Otava LLC | Software | $631,639 |
Grants made · $327K in FY2024
13 grants totaling $327K in FY2024. All grants made by Mdwise Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Health & Hospital Corp of Marion County | General support | $99,000 |
| Indiana Family To Family Inc | General support | $90,000 |
| Indianapolis Zoological Society Inc | General support | $27,500 |
| Warren Arts and Education Foundation Inc | General support | $25,000 |
| Ga Food Services of Pinellas County LLC | General support | $15,120 |
| State of Indiana | General support | $15,050 |
| Shalom Health Care Center Inc | General support | $12,000 |
| Indianapolis Public Schools Education Foundation Inc | General support | $10,000 |
| Community Research & Resource Center | General support | $10,000 |
| Indiana Primary Health Care Assoc Inc | General support | $6,805 |
| Meridian Health Services Corp | General support | $5,700 |
| The Salvation Army | General support | $5,500 |
| Learfield | General support | $5,500 |
Frequently asked questions
- Is Mdwise Inc a legitimate nonprofit?
- Yes. Mdwise Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 35-1931354, based in Indianapolis, Indiana.
- What is Mdwise Inc's EIN?
- Mdwise Inc's Employer Identification Number (EIN) is 35-1931354.
- How much revenue does Mdwise Inc report?
- Mdwise Inc reported $1,812,972,288 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mdwise Inc's spending goes to programs?
- Mdwise Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mdwise Inc have?
- CharityIndex grades Mdwise Inc A, based on program efficiency and fundraising cost.
- How much does Mdwise Inc's highest-paid employee make?
- The highest reported compensation on Mdwise Inc's latest Form 990 is $0, paid to Brian Brown (Chairman).
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Data for Mdwise Inc (EIN 35-1931354) 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.