Mdwise Medicaid Network Inc
100% goes to programs Thin reserves Growing revenue
Mdwise Medicaid Network Inc is a 501(c)(4) organization based in Indianapolis, Indiana, registered in 2016, with $1,907,710,603 in FY2024 revenue. CharityIndex grades it C+, and it directs about 100% of spending to programs.
2955 N Meridian Street, Indianapolis, IN, 46208 EIN 47-3192307 Since 2016
Revenue (FY2024)
$1.9B
▼ 5.2% vs prior year
Health median: $840K
Expenses (FY2024)
$1.9B
Net assets
-$85.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+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 Mdwise Medicaid Network Inc: 100% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -0% 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 Medicaid Network Inc: 0 mo reserves · -0% margin earns a D 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 Medicaid Network Inc: 5 of 6 checks met earns a A 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 Mdwise Medicaid Network Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mdwise medicaid network 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).
Contact & location
- Address
- 2955 N Meridian Street, Indianapolis, IN, 46208
- City
- Indianapolis
- State
- Indiana
- Category
- Health Care
- Subcategory
- Health Care Financing
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $491.1M (FY2015) to $1.9B (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $394.0MNet assets -$85.4M
Operating margin
-0.5%
Spent more than it raised in the latest fiscal year.
Total assets
$308.6M
Total liabilities
$394.0M
Net assets
-$85.4M
Salaries & benefits
$0
0% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,907,710,603▼5.2% | $1,916,334,910▼5.7% | -$85,447,026▼11.2% | $308,571,167▲13.6% | 990 |
| 2023 | $2,012,532,335▲2.8% | $2,033,044,846▲3.1% | -$76,822,719▼36.4% | $271,631,867▼23.8% | 990 |
| 2022 | $1,958,415,953▲19.7% | $1,971,851,321▲19.9% | -$56,310,208▼31.3% | $356,440,572▲1.8% | 990 |
| 2021 | $1,636,579,109▲17.5% | $1,644,171,635▲16.7% | -$42,874,840▼21.5% | $350,160,986▲99.4% | 990 |
| 2020 | $1,393,180,417▲8.6% | $1,408,647,794▲9.3% | -$35,282,314▼78.1% | $175,595,255▼11.3% | 990 |
| 2019 | $1,283,082,524▲47.7% | $1,288,854,051▲45.4% | -$19,814,937▼41.1% | $197,903,847▼3.7% | 990 |
| 2018 | $868,567,724▼8.8% | $886,541,134▼4.3% | -$14,043,410▼457% | $205,449,397▲57.6% | 990 |
| 2017 | $952,001,096▼4.5% | $926,266,237▼15.7% | $3,930,000▲104% | $130,382,260▲242% | 990 |
| 2016 | $997,240,168▲103% | $1,098,914,507▲122% | -$105,799,545▼2465% | $38,135,960▼58.0% | 990 |
| 2015 | $491,119,980 | $495,245,186 | -$4,125,206 | $90,879,759 | 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 | — |
| Cheryl Diehl | Assistant Treasurer & Cfo | 1 | — |
| David E Mazurkiewicz | Treasurer | 0.5 | — |
| Jessica Cromer | President & Ceo | 21.5 | — |
| Kathleen Kendall | Secretary - Part Year | 1 | — |
| Tricia Brunton | Secretary | 1 | — |
Top vendors & contractors (FY2017)
| Contractor | Services | Paid |
|---|---|---|
| Mdwise Inc | Admin Fee | $44,459,615 |
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Compare Mdwise Medicaid Network Inc
Frequently asked questions
- Is Mdwise Medicaid Network Inc a legitimate nonprofit?
- Yes. Mdwise Medicaid Network Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 47-3192307, based in Indianapolis, Indiana.
- What is Mdwise Medicaid Network Inc's EIN?
- Mdwise Medicaid Network Inc's Employer Identification Number (EIN) is 47-3192307.
- How much revenue does Mdwise Medicaid Network Inc report?
- Mdwise Medicaid Network Inc reported $1,907,710,603 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mdwise Medicaid Network Inc's spending goes to programs?
- Mdwise Medicaid Network Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mdwise Medicaid Network Inc have?
- CharityIndex grades Mdwise Medicaid Network Inc C+, based on program efficiency and fundraising cost.
- How much does Mdwise Medicaid Network Inc's highest-paid employee make?
- The highest reported compensation on Mdwise Medicaid Network Inc's latest Form 990 is $0, paid to Brian Brown (Chairman).
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Data for Mdwise Medicaid Network Inc (EIN 47-3192307) 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.