Mdwise INC FY2020 filing

Not tax-deductible

Indianapolis, IN501(c)(4)Since 1994 EIN 35-1931354Revenue $1.3B in FY2020

On file with the IRSmdwise.org2955 N Meridian Street, 46208-4798 · Indianapolis, INTax-exempt since Dec 1995

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To provide high-quality, affordable healthcare and improve the well-being of our members by engaging exceptional associates, community leaders and healthcare professionals.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
84¢ of each $1 spent went to programs.
$2.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $48.0M a year · 3% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$328.8M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3B
Spent
$1.3B
To programs
84%
Net assets
$199.3M
By yearFY2020–FY2025
Revenue
$1.3B
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3B
FY2021$1.6B
FY2022$1.9B
FY2023$2.0B
FY2024$1.8B
FY2025$1.7B
Expenses
$1.3B
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3B
FY2021$1.5B
FY2022$1.8B
FY2023$1.9B
FY2024$1.8B
FY2025$1.6B
Net assets
$199.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$199.3M
FY2021$208.5M
FY2022$274.6M
FY2023$238.3M
FY2024$251.4M
FY2025$257.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.1B Management & general 16% · $199.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Legal Counsel
$342,258Pt VII · Sec A
CFO (part Year)
$299,212Pt VII · Sec A
Medical Director
$282,328Pt VII · Sec A
VP Business Operations
$275,200Pt VII · Sec A
Director Clinical Pharmacy
$200,058Pt VII · Sec A
Director Pharmacy Analytics
$192,380Pt VII · Sec A
Director Finance
$173,762Pt VII · Sec A
Director Business Operations
$170,072Pt VII · Sec A
See Mdwise INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Administers managed care health insurance plans for Indiana residents enrolled in state Medicaid and Medicare programs through partnerships with local healthcare providers.

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Provided by the organization

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1 program · $1.1B · in their own filed words · FY2020
01

Beginning january 1, 2011, mdwise was granted a four-year contract with the state of indiana (the "state"), through the family and social service administration ("fssa") and office of medicaid policy and planning ("ompp"), to arrange for and administer two risk-based managed care programs ("hoosier healthwise and "healthy indiana plan")…

$1.1Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 82 grants · $1.9M · 2020–2025
Indiana Family to Family INCIN · FY2025$97,300
Health & Hospital Corp of Marion CountyFY2025$86,000
Midwest Urban Strategies INCWI · FY2025$50,000
Healthy Birth Day INCIA · FY2025$18,000
Family Entertainment Television INCFY2025$7,000
NAMI Indiana INCIN · FY2025$6,000
Ga Food Services of Pinellas County LLCFY2025$5,117
Health & Hospital Corp of Marion CountyFY2024$99,000
Indiana Family to Family INCIN · FY2024$90,000
Ga Food Services of Pinellas County LLCFY2024$15,120
State of IndianaFY2024$15,050
See all 82 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3B
Ln 12
Fees for servicesLn 2g$1.3B
Investment incomeLn 3$2.0M
Money outPt IX
$1.3B
Ln 25
Programscol B$1.1B
Managementcol C$199.0M
Owns and owesPt X
$199.3M
net assets · Ln 32
Cash and savingsLn 1–2$258.1M
Total assetsLn 16$528.1M
LiabilitiesLn 26$328.8M
PeoplePt VI, VII
18
listed · VII A
PaidVII A12
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3B
Investment incomeLn 3$2.0M
Gains on assetsLn 7−$49K
Total revenueLn 12$1.3B
Assets in detailPt X, end of year
SavingsLn 2$258.1M
Cash and savings togetherLn 1–2$258.1M
InvestmentsLn 11–13$67.3M
Land, buildings, equipmentLn 10c$98K
Total assetsLn 16$528.1M
LiabilitiesLn 26$328.8M
Net assetsLn 32$199.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$168.5M$258.1M
InvestmentsLn 11–13$63.3M$67.3M
Land, buildings, equipmentLn 10c$156K$98K
Total assetsLn 16$368.6M$528.1M
LiabilitiesLn 26$224.2M$328.8M
Net assetsLn 32$144.4M$199.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$155K$155K
Other salaries and wagesLn 7$7.4M$6.3M$1.1M
Pension plan contributionsLn 8$191K$162K$29K
Other employee benefitsLn 9$1.6M$1.4M$243K
Payroll taxesLn 10$602K$512K$90K
Legal feesLn 11b$25K$21K$4K
Accounting feesLn 11c$248K$211K$37K
Lobbying feesLn 11d$61K$52K$9K
Investment management feesLn 11f$4K$3K$590
Other fees for servicesLn 11g$627K$533K$94K
Advertising and promotionLn 12$334K$284K$50K
Office expensesLn 13$716K$609K$107K
Information technologyLn 14$2.5M$2.1M$376K
OccupancyLn 16$1.0M$886K$156K
TravelLn 17$23K$19K$3K
Conferences, conventions and meetingsLn 19$28K$24K$4K
InterestLn 20$10.4M$10.4M
Depreciation, depletion and amortizationLn 22$1.3M$1.1M$196K
InsuranceLn 23$57K$48K$9K
Other expenses (24a–d)Ln 24$1.24B$1.05B$186.0M
All other expensesLn 24e$230K$196K$35K
Total functional expensesLn 25$1.27B$1.07B$199.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7B$1.6B$30.3M$257.3M 990 PDF
FY2024 $1.8B$1.8B$47.3M$251.4M 990 PDF
FY2023 $2.0B$1.9B$59.7M$238.3M 990 PDF
FY2022 $1.9B$1.8B$52.9M$274.6M 990 PDF
FY2021 $1.6B$1.5B$45.9M$208.5M 990 PDF
FY2020 Viewing $1.3B$1.3B$52.1M$199.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,319,626,095 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,243,800,126$1,317,605,881
I-10 Investment incomePrior year $6,340,867$2,020,214
I-11 Other revenuePrior year $13,081,513$0
I-12 Total revenuePrior year $1,263,222,506$1,319,626,095
I-13 Grants and similar amounts paidPrior year $115,175$154,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,799,725$9,791,424
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,207,673,589$1,257,623,842
I-18 Total expensesPrior year $1,221,588,489$1,267,569,966
I-19 Revenue less expensesPrior year $41,634,017$52,056,129
Part VI · Governance 0 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,319,626,095 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,317,605,881$1,317,605,881
VIII-3 Investment incomeExcluded from tax $2,069,289$2,069,289
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$49,075−$49,075
VIII-12 Total revenueRelated to mission $1,317,605,881 · Unrelated business $0 · Excluded from tax $2,020,214$1,319,626,095
Part IX · Statement of functional expenses $1,267,569,966 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $154,700$154,700
IX-7 Other salaries and wagesPrograms $6,272,040 · Management $1,106,831$7,378,871
IX-8 Pension plan contributionsPrograms $162,414 · Management $28,661$191,075
IX-9 Other employee benefitsPrograms $1,376,520 · Management $242,915$1,619,435
IX-10 Payroll taxesPrograms $511,737 · Management $90,306$602,043
IX-11b Legal feesPrograms $21,348 · Management $3,767$25,115
IX-11c Accounting feesPrograms $211,055 · Management $37,245$248,300
IX-11d Lobbying feesPrograms $51,569 · Management $9,101$60,670
IX-11f Investment management feesPrograms $3,344 · Management $590$3,934
IX-11g Other fees for servicesPrograms $532,560 · Management $93,981$626,541
IX-12 Advertising and promotionPrograms $284,101 · Management $50,136$334,237
IX-13 Office expensesPrograms $608,581 · Management $107,397$715,978
IX-14 Information technologyPrograms $2,131,826 · Management $376,204$2,508,030
IX-16 OccupancyPrograms $886,027 · Management $156,358$1,042,385
IX-17 TravelPrograms $19,392 · Management $3,422$22,814
IX-19 Conferences, conventions and meetingsPrograms $24,191 · Management $4,269$28,460
IX-20 InterestManagement $10,435,953$10,435,953
IX-22 Depreciation, depletion and amortizationPrograms $1,112,626 · Management $196,346$1,308,972
IX-23 InsurancePrograms $48,238 · Management $8,512$56,750
IX-24 Other expenses (24a–d)Programs $1,053,979,176 · Management $185,996,325$1,239,975,501
IX-24e All other expensesPrograms $195,672 · Management $34,530$230,202
IX-25 Total functional expensesPrograms $1,068,587,117 · Management $198,982,849 · Fundraising $0$1,267,569,966
Part X · Balance sheet $528,082,609 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $168,471,834$258,105,128
X-4 Accounts receivableStart of year $136,624,706$202,550,177
X-10c Land, buildings and equipment, netStart of year $156,026$98,042
X-11 Publicly traded securitiesStart of year $63,303,289$67,329,262
X-16 Total assetsStart of year $368,555,855$528,082,609
X-17 Accounts payable and accrued expensesStart of year $218,790,670$311,722,323
X-25 Other liabilitiesStart of year $5,412,579$17,057,290
X-26 Total liabilitiesStart of year $224,203,249$328,779,613
X-27 Net assets without donor restrictionsStart of year $144,352,606$199,302,996
X-32 Total net assets or fund balancesStart of year $144,352,606$199,302,996
X-33 Total liabilities and net assetsStart of year $368,555,855$528,082,609
Part XI · Reconciliation of net assets $199,302,996 net assets at year end
XI-1 Total revenue$1,319,626,095
XI-2 Total expenses$1,267,569,966
XI-3 Revenue less expenses$52,056,129
XI-4 Net assets at start of year$144,352,606
XI-5 Net unrealized gains (losses) on investments$2,629,979
XI-9 Other changes in net assets$264,282
XI-10 Net assets at end of year$199,302,996

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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