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
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
16 people listed on the 990.
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 15aNo
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.
Questions for Mdwise INC
Your first name shows with your question. Mdwise INC answers here, for everyone.
Beginning january 1, 2023, mdwise was granted a four-year contract with the state of indiana 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 the healthy indiana plan) for certain…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $203.7M | $135.3M |
| InvestmentsLn 11–13 | $72.1M | $77.8M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $693.8M | $686.2M |
| LiabilitiesLn 26 | $455.5M | $434.7M |
| Net assetsLn 32 | $238.3M | $251.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $616K | $616K | ||
| Other salaries and wagesLn 7 | $25.7M | $21.8M | $3.9M | |
| Pension plan contributionsLn 8 | $1.1M | $925K | $163K | |
| Other employee benefitsLn 9 | $3.8M | $3.2M | $563K | |
| Payroll taxesLn 10 | $1.4M | $1.2M | $203K | |
| Legal feesLn 11b | $170K | $144K | $25K | |
| Accounting feesLn 11c | $376K | $319K | $56K | |
| Investment management feesLn 11f | $373K | $373K | ||
| Other fees for servicesLn 11g | $18.4M | $15.6M | $2.8M | |
| Advertising and promotionLn 12 | $214K | $214K | ||
| Office expensesLn 13 | $2.8M | $2.4M | $417K | |
| Information technologyLn 14 | $10.0M | $8.5M | $1.5M | |
| OccupancyLn 16 | $1.2M | $1.0M | $182K | |
| TravelLn 17 | $79K | $67K | $12K | |
| Conferences, conventions and meetingsLn 19 | $8K | $7K | $1K | |
| InterestLn 20 | $10.5M | $8.9M | $1.6M | |
| Depreciation, depletion and amortizationLn 22 | $967K | $822K | $145K | |
| InsuranceLn 23 | $45K | $45K | ||
| Other expenses (24a–d)Ln 24 | $1.69B | $1.69B | −$181K | |
| All other expensesLn 24e | $983K | $836K | $147K | |
| Total functional expensesLn 25 | $1.77B | $1.75B | $11.8M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Aug 10, 2026 | $1.7B | $1.6B | $30.3M | $257.3M | 990 PDF |
| FY2024 ViewingFiled with the IRS Aug 13, 2025 | $1.8B | $1.8B | $47.3M | $251.4M | 990 PDF |
| FY2023Filed with the IRS Jan 15, 2025 | $2.0B | $1.9B | $59.7M | $238.3M | 990 PDF |
| FY2022Filed with the IRS Aug 8, 2023 | $1.9B | $1.8B | $52.9M | $274.6M | 990 PDF |
| FY2021Filed with the IRS Aug 24, 2022 | $1.6B | $1.5B | $45.9M | $208.5M | 990 PDF |
| FY2020Filed with the IRS Sep 30, 2021 | $1.3B | $1.3B | $52.1M | $199.3M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,812,972,288 revenue, 12 lines filed
Part VI · Governance 0 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $1,812,972,288 across 3 lines filed
Part IX · Statement of functional expenses $1,765,706,104 across 20 lines filed
Part X · Balance sheet $686,158,141 assets, 12 lines filed
Part XI · Reconciliation of net assets $251,445,394 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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