MY CHOICE WISCONSIN INC

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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

2016

Legal Domicile

Principal Officer

MARIA LEDGER

Phone

4144058034

Tax Period

2024-01-01 to 2024-12-31

MY CHOICE WISCONSIN INC, founded in 2016, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $4.5M left a modest 12% surplus.

Mission

WE INSPIRE PEOPLE TO EXPERIENCE LIFE AT ITS FULLEST BY ENCOURAGING OWNERSHIP OF HEALTH, FOSTERING INDEPENDENCE, AND SERVING THE WHOLE PERSON; AND DO SO WITH AN UNWAVERING COMMITMENT AS STEWARDS OF MEDICAID FUNDING.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

MY CHOICE WISCONSIN, INC. (THE "COMPANY OR "MCW") WAS A MANAGED CARE ORGANIZATION (MCO) THAT OPERATED THE STATE OF WISCONSIN FAMILY CARE PROGRAM. FAMILY CARE IS A MEDICAID LONG-TERM CARE PROGRAM...

MY CHOICE WISCONSIN, INC. (THE "COMPANY OR "MCW") WAS A MANAGED CARE ORGANIZATION (MCO) THAT OPERATED THE STATE OF WISCONSIN FAMILY CARE PROGRAM. FAMILY CARE IS A MEDICAID LONG-TERM CARE PROGRAM WHICH HELPED FRAIL ELDERS AND ADULTS WITH DISABILITIES GET THE SERVICES THEY NEED TO REMAIN IN THEIR HOMES. IN 2023, MY CHOICE WISCONSIN, INC. SOLD ITS OPERATIONS TO MOLINA HEALTHCARE, INC. PER THE OPERATING AGREEMENT, MY CHOICE WISCONSIN, INC. HAS NOT DISSOLVED AS OF 12/31/2024 HOWEVER IT IS IN THE PROCESS OF WINDING DOWN. ALL REMAINING ASSETS WILL BE TRANSFERRED TO A RELATED PARTY, THE TRILLIUM FOUNDATION, INC.

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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 $0

Investment Income $5,129,343

Other Revenue $0

TOTAL REVENUE $5,129,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,989,962

Fundraising Expenses $0

Other Expenses $498,707

TOTAL EXPENSES $4,488,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,129,343	$686,298,407	-1.0%
Expenses	$4,488,669	$524,979,851	-1.0%
Net Income	$640,674	$161,318,556	-1.0%

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

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

$1,973,167

Total Directors

$1,039,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA LEDGER	DIRECTOR AND CEO	10.00	Officer Director	$832,500	$0	$949,167
THOMAS ORENDORFF	DIRECTOR AND CHAIR	2.00	Officer Director	$3,334	$0	$10,000
MICHAEL MAYO SR	DIRECTOR AND VICE CHAIR	2.00	Officer Director	$3,334	$0	$10,000
MARIA RODRIGUEZ	DIRECTOR AND TREASURER	1.00	Officer Director	$3,334	$0	$10,000
KENNETH BYOM DO	DIRECTOR AND SECRETARY	1.00	Officer Director	$3,333	$0	$10,000
LYNDA KRELLWITZ	DIRECTOR	1.00	Director	$3,333	$0	$10,000
LEE S SEESE	DIRECTOR	2.00	Director	$3,333	$0	$10,000
THOMAS BERGERUD	DIRECTOR	1.00	Director	$3,333	$0	$10,000
KATHRYN BRIETZMAN	DIRECTOR	1.00	Director	$3,333	$0	$10,000
JOHN HINTZE	DIRECTOR	1.00	Director	$3,333	$0	$10,000
JAMES HODSON	CHIEF FINANCIAL OFFICER	10.00	Officer	$884,000	$0	$984,000
KEVIN COLLINS	FORMER CHIEF COMPLIANCE OFFICER	0.00		$780,000	$0	$780,000
BETSY VAN HEESCH	FORMER CHIEF OPERATIONS OFFICER	0.00		$750,000	$0	$750,000
BRION BEAUCHENE	FORMER CHIEF INFORMATION OFFICER	0.00		$474,490	$0	$474,490

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	$5,129,343	$4,488,669	$168,202,889	$640,674
2023	$686,298,407	$524,979,851	$266,601,317	$161,318,556
2022	$800,701,346	$762,761,178	$263,499,865	$37,940,168
2021	$713,856,193	$674,710,396	$194,369,927	$39,145,797
2020	$719,151,244	$693,536,664	$157,371,484	$25,614,580
2019	$355,571,150	$347,865,221	$88,916,590	$7,705,929
2018	$336,202,881	$330,427,509	$81,396,376	$5,775,372