MDWISE INC (EIN 351931354) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

JESSICA CROMER

Phone

3178227100

Tax Period

2024-01-01 to 2024-12-31

MDWISE INC, founded in 1994, is a large national nonprofit that reported $1.8B in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,804,366,138

Investment Income $8,606,150

Other Revenue $0

TOTAL REVENUE $1,812,972,288

Expense Breakdown

Grants Paid $615,795

Salaries & Benefits $31,888,104

Fundraising Expenses $0

Program Expenses $1,753,869,541

Other Expenses $1,733,202,205

TOTAL EXPENSES $1,765,706,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,812,972,288	$1,962,990,873	-0.1%
Expenses	$1,765,706,104	$1,903,254,350	-0.1%
Net Income	$47,266,184	$59,736,523	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$5,916,867

Total Directors

$5,916,867

Key Employees

$1,005,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BROWN	CHAIRMAN	0.50	Officer Director	$0	$119,268	$706,132
CHERYL DIEHL	ASSISTANT TREASURER AND CFO	1.00	Officer Director	$0	$62,695	$411,642
DAVID MAZURKIEWICZ	TREASURER	0.50	Officer Director	$0	$50,376	$2,156,210
JESSICA CROMER	PRESIDENT AND CEO	21.50	Officer Director	$0	$145,867	$779,058
KATHLEEN KENDALL	SECRETARY - PART YEAR	1.00	Officer Director	$0	$79,067	$1,574,812
TRICIA BRUNTON	SECRETARY/VP FINANCE	41.00	Officer Director	$0	$33,457	$289,013
BRITTNEY MULLANEY	VP HEALTH SERVICES	40.00	Key Emp	$0	$12,922	$237,292
JOHNIE GOERGES	DIR BUSINESS TECHNOLOGY	40.00	Key Emp	$0	$43,110	$196,038
JOSHUA BURGER	DIR PROVIDER RELATIONS	40.00	Key Emp	$0	$35,360	$187,502
MARCIA SHIVELY	DIR BUSINESS SERVICES	40.00	Key Emp	$0	$22,347	$203,578
TIMOTHY NOONAN	DATA ANALYTICS ADMIN SR	40.00	Key Emp	$0	$9,187	$181,216
CHASITY HOWELL	VP PROVIDER SERVICES	40.00	Highest	$0	$41,300	$280,831
JEFFREY WHEELER	MEDICAL DIRECTOR	20.00	Highest	$0	$47,601	$445,034
LISA KNOWLES	DIR DENTAL PROGRAMS	20.00	Highest	$0	$28,700	$297,512
PATRICIA HEBENSTREIT	VP GENERAL COUNSEL	20.00	Highest	$0	$30,872	$400,860
WENDI POWELL	DIR PHARMACY	20.00	Highest	$0	$36,878	$279,998

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,812,972,288	$1,765,706,104	$686,158,141	$47,266,184
2023	$1,962,990,873	$1,903,254,350	$693,759,619	$59,736,523
2023	$1,962,990,873	$1,903,254,350	$693,759,619	$59,736,523
2022	$1,873,130,560	$1,820,219,621	$686,951,288	$52,910,939
2021	$1,573,928,863	$1,528,009,666	$465,353,374	$45,919,197
2020	$1,319,626,095	$1,267,569,966	$528,082,609	$52,056,129
2019	$1,263,222,506	$1,221,588,489	$368,555,855	$41,634,017
2018	$1,268,160,486	$1,244,996,271	$398,850,570	$23,164,215

MDWISE INC