MDWise Marketplace Inc (EIN 465270582) - 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

2014

Legal Domicile

Phone

3179634842

Tax Period

2021-01-01 to 2021-12-31

MDWise Marketplace Inc, founded in 2014, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2021. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.9M, a strong 95% operating margin.

Mission

MDwise Marketplace, Inc. offered qualified products on the Federally Facilitated Health Insurance Marketplace targeted toward individuals who do not qualify for Indiana Medicaid programs. Services have been discontinued and the organization is in a period of claims run-out.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,485,186

Investment Income $13,679

Other Revenue $75,713

TOTAL REVENUE $12,574,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $613,093

Other Expenses $645,776

TOTAL EXPENSES $645,776

Year-over-Year Comparison

	2021	2020	Change
Revenue	$12,574,578	$9,751,131	+0.3%
Expenses	$645,776	$9,906,690	-0.9%
Net Income	$11,928,802	$-155,559	-77.7%

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

Employees

N/A

Volunteers

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

$2,694,305

Total Directors

$3,033,187

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director/President (As of 6/23/2021)	1.0	Officer Director	$0	$50,181	$416,521
N/A	Vice Chair & Treasurer	1.0	Officer Director	$0	$0	$0
N/A	CHAIR, DIRECTOR	1.0	Officer Director	$0	$204,508	$1,865,713
N/A	President (Until 6/23/2021)	1.0	Officer Director	$0	$36,161	$412,071
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR (UNTIL 8/12/2021)	1.0	Director	$0	$41,695	$338,882

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
2021	$12,574,578	$645,776	No data	$11,928,802
2020	$9,751,131	$9,906,690	$1,611,179	$-155,559
2019	$17,065	$793,793	$5,877,483	$-776,728
2018	$15,896	$-290,838	$18,435,212	$306,734

MDWise Marketplace Inc