Civic Intelligence

Mdwise Medicaid Network Inc

990 • Fiscal year 2019 • EIN 47-3192307

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 07, 2020

2955 N Meridian StreetIndianapolis, IN 46208

(317) 822-7100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

1.10x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.17x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Net Margin

16th percentile

-0.4%

Higher net margin than 16% of similar nonprofits.

2019 filings • $1B+ nonprofits • Source year 2019

Top Officer Pay

56th percentile

$1,621,790

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2019 filings • $1B+ nonprofits • Source year 2019

Asset Growth

7th percentile

-3.7%

Faster asset growth than 7% of similar nonprofits.

2019 filings • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

48%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Down

$197,903,847

Down $7,545,550 (-3.7%) from 2018

Net Assets

Down

-$19,814,937

Down $5,771,527 (-41%) from 2018

Liabilities

Down

$217,718,784

Down $1,774,023 (-0.8%) from 2018

Revenue

Up

$1,283,082,524

Up $414,514,800 (+48%) from 2018

Expenses

Up

$1,288,854,051

Up $402,312,917 (+45%) from 2018

Net Income

Up

-$5,771,527

Up $12,201,883 (+68%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0-$200MAssets 2015: $90,879,759Liabilities 2015: $95,004,965Net Assets 2015: -$4,125,2062015Assets 2016: $38,135,960Liabilities 2016: $143,935,505Net Assets 2016: -$105,799,5452016Assets 2017: $130,382,260Liabilities 2017: $126,452,260Net Assets 2017: $3,930,0002017Assets 2018: $205,449,397Liabilities 2018: $219,492,807Net Assets 2018: -$14,043,4102018Assets 2019: $197,903,847Liabilities 2019: $217,718,784Net Assets 2019: -$19,814,9372019Assets 2020: $175,595,255Liabilities 2020: $210,877,569Net Assets 2020: -$35,282,3142020Assets 2021: $350,160,986Liabilities 2021: $393,035,826Net Assets 2021: -$42,874,8402021Assets 2022: $356,440,572Liabilities 2022: $412,750,780Net Assets 2022: -$56,310,2082022Assets 2023: $271,631,867Liabilities 2023: $348,454,586Net Assets 2023: -$76,822,7192023Assets 2024: $308,571,167Liabilities 2024: $394,018,193Net Assets 2024: -$85,447,0262024

Highlighted filing

2019

Assets$197,903,847
Liabilities$217,718,784
Net Assets-$19,814,937

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0B$2.0B$1.0B$0-$1.0BRevenue 2015: $491,119,980Expenses 2015: $495,245,186Net Income 2015: -$4,125,2062015Revenue 2016: $997,240,168Expenses 2016: $1,098,914,507Net Income 2016: -$101,674,3392016Revenue 2017: $952,001,096Expenses 2017: $926,266,237Net Income 2017: $25,734,8592017Revenue 2018: $868,567,724Expenses 2018: $886,541,134Net Income 2018: -$17,973,4102018Revenue 2019: $1,283,082,524Expenses 2019: $1,288,854,051Net Income 2019: -$5,771,5272019Revenue 2020: $1,393,180,417Expenses 2020: $1,408,647,794Net Income 2020: -$15,467,3772020Revenue 2021: $1,636,579,109Expenses 2021: $1,644,171,635Net Income 2021: -$7,592,5262021Revenue 2022: $1,958,415,953Expenses 2022: $1,971,851,321Net Income 2022: -$13,435,3682022Revenue 2023: $2,012,532,335Expenses 2023: $2,033,044,846Net Income 2023: -$20,512,5112023Revenue 2024: $1,907,710,603Expenses 2024: $1,916,334,910Net Income 2024: -$8,624,3072024

Highlighted filing

2019

Revenue$1,283,082,524
Expenses$1,288,854,051
Net Income-$5,771,527
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 7, 2020
Return Version
2019v5.1
Gross Receipts
$1,283,082,524
Mission and Program Overview

Mission

The mission of MDwise Medicaid Network is to improve the health of our patients and community through innovation and excellence in care, education, research and service.

Mdwise medicaid network 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)

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$99,130,389▲ $99,130,389
Accounts Receivable$126,350,450$89,699,289▼ $36,651,161
Cash and Non-Interest-Bearing Accounts$46,612,221$9,074,169▼ $37,538,052
Total Assets$205,449,397$197,903,847▼ $7,545,550
Other Assets Total$32,486,726$0▼ $32,486,726
Liabilities
Deferred Revenue$151,418,352$200,645,241▲ $49,226,889
Accounts Payable and Accrued Expenses$67,824,455$17,073,543▼ $50,750,912
Other Liabilities$250,000$0▼ $250,000
Total Liabilities$219,492,807$217,718,784▼ $1,774,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-14,043,410$-19,814,937▼ $5,771,527
Total Net Assets Fund Balance$-14,043,410$-19,814,937▼ $5,771,527
Total Liabilities and Net Assets / Fund Balance$205,449,397$197,903,847▼ $7,545,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin B TompkinsChairman
Kathleen KendallPresident & CEO
Bruce HayesPresident & CEO - Part Year
Carol SolomonAssistant Treasurer
James MaguireCFO
David E MazurkiewiczTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,281,414,175
Investment Income
$1,668,349
Other Revenue
$0
Change in Net Assets
$-5,771,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,288,854,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$6,717,712$1,185,479-$7,903,191
Other Expenses$7,760,897$4,528,334-$7,760,897
Fees for Services Other$770,555$135,979-$906,534
Fees for Services Legal$87,555$15,451-$103,006
Total Functional Expenses$1,096,690,083$192,163,968$0$1,288,854,051
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is mclaren integrated hmo group.

Form 990, Part VI, Section A, Line 7A

Mclaren integrated hmo group, mdwise's sole member has the power to appoint the board of directors

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by mdwise's president & ceo and also by the cfo prior to filing. As part of an integrated health system, the parent board also reviews the form 990.

Form 990, Part VI, Section B, Line 12C

Each mdwise board member, officer and senior management executive completes the mdwise conflict of interest disclosure form annually. The board chair and president/ceo review all completed forms to identify any potential conflicts. Any identified potential conflict is investigated and raised with the individual, as appropriate, to resolve the conflict or determine if any action is needed, up to and including, possible removal from the board, or officer/senior management position. Any identified conflicts are reported to the full board of directors.

Form 990, Part VI, Section B, Line 15

No has been answered to lines 15a & 15b, as the filing organization reimburses mdwise for officers' compensation pursuant to a management services agreement. All officers of mdwise medicaid network, inc. Are employees of an affiliated entity mdwise, inc.

Form 990, Part VI, Section C, Line 19

The governing documents and conflict of interest policy are provided upon request.

FORM 990, PART VI, SECTION B, LINES 13 & 14:

Mdwise medicaid network has adopted and complies with all policies established by its affiliated company, mdwise inc.

Filing and Contact Details

Filer

Filer Name
Mdwise Medicaid Network Inc
EIN
47-3192307
Phone
3178227100
Address
2955 N MERIDIAN STREET, INDIANAPOLIS, IN 46208
Doing Business As
Mdwise Excel

Signing Officer

Name
Cheryl Diehl
Title
Interim Chief Financial Officer
Phone
3178227100
Signed
2020-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Diehl
Formed
2015
Legal Domicile
In
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
4

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 500, AUBURN HILLS, MI 48326
Preparer
David Lowenthal
Phone
2483757100
Raw XML AppendixShowing 400 of 1,132 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE HAYES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEVIN B TOMPKINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID E MAZURKIEWICZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3KATHLEEN KENDALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CAROL SOLOMON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5JAMES MAGUIRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO - PART YEAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4ASSISTANT TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5CFO
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IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO/EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 1 BOXES HAVE BEEN CHECKED. THE CORPORATE CEO, SUBSIDIARY CEOS AND CORPORATE EXECUTIVE & SENIOR VICE-PRESIDENTS IN SOME INSTANCES HAVE RECEIVED TAX INDEMNIFICATION FOR THE FOLLOWING BENEFITS: VEHICLE COSTS, GROUP TERM LIFE INSURANCE, SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS, AND HEALTH CLUB OR SOCIAL DUES. THESE BENEFITS HAVE BEEN INCLUDED IN TAXABLE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE CEO/EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt2PART I, LINE 4A: BRUCE HAYES RECEIVED SEVERANCE PAYMENTS TOTALING $192,480 DURING THE TAX YEAR. PAYMENTS ARE MADE IN BIWEEKLY INSTALLMENTS OVER A 20 WEEK PERIOD PER THE AGREEMENT SIGNED BY THE PARTIES. PART I, LINE 4B: MDWISE MAINTAINS TWO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES (THE "SERPS"). THE OLD SERP WAS CLOSED TO NEW PARTICIPANTS ON OCTOBER 1, 2006, AND THE NEW SERP BECAME EFFECTIVE AS OF JANUARY 1, 2007. NO EMPLOYEE MAY PARTICIPATE IN BOTH OF THE SERPS. THE OLD SERP IS STRUCTURED AS A DEFINED BENEFIT PLAN THAT ESSENTIALLY REPLACES THE BENEFITS THE PARTICIPANT IS NOT PERMITTED TO RECEIVE UNDER MDWISE'S QUALIFIED RETIREMENT PLAN DUE TO IRS LIMITATIONS APPLICABLE TO QUALIFIED PLANS. THE BENEFIT UNDER THE OLD SERP IS PAYABLE IN EITHER THE FORM OF A LUMP SUM DISTRIBUTION OR IN MONTHLY PAYMENTS EQUAL TO THE ACTUARIAL EQUIVALENT OF THE PARTICIPANT'S ACCRUED BENEFIT. THE BENEFIT IS PAID AT AGE 55, AND IF THE PARTICIPANT REMAINS EMPLOYED, THE BENEFIT IS PAID UPON TERMINATION OF EMPLOYMENT, REDUCED TO TAKE INTO ACCOUNT THE BENEFIT PREVIOUSLY PAID. THE NEW SERP IS STRUCTURED AS A DEFINED CONTRIBUTION PLAN, AND MDWISE CONTRIBUTES 15 PERCENT OF EACH PARTICIPANT'S COMPENSATION TO THE PLAN EACH YEAR FOR ALLOCATION TO THE PARTICIPANT'S ACCOUNT. PARTICIPANTS IN THE NEW SERP BECOME VESTED IN THEIR ACCOUNTS UPON THE EARLIER OF FIVE YEARS OF PARTICIPATION IN THE PLAN OR ATTAINMENT OF AGE 60. PARTICIPANTS IN THE NEW SERP SELF-DIRECT THE INVESTMENT OF THEIR ACCOUNTS AND HAVE THE ACTUAL INVESTMENT RETURN CREDITED OR DEBITED TO THEIR ACCOUNTS. THE BENEFIT UNDER THE NEW SERP IS EQUAL TO THE PARTICIPANT'S ACCOUNT BALANCE, AND THE BENEFIT IS PAID IN A SINGLE SUM WITHIN 60 DAYS OF THE PARTICIPANT'S TERMINATION DATE. BENEFITS UNDER BOTH SERPS ARE PROVIDED ON A TAX-NEUTRAL BASIS. BOTH SERPS ARE DESIGNED TO COMPLY WITH INTERNAL REVENUE CODE SECTIONS 457(F) AND 409A.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt3MDWISE'S PARENT COMPANY, MCLAREN HEALTH CARE (MHC), HAS A LEADERSHIP INCENTIVE PROGRAM FOR LEADERS OF THE CORPORATION, SUBSIDIARY EXECUTIVES AND DIRECTORS, MANAGERS AND SUPERVISORS. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ORGANIZATION'S ABILITY TO ACHIEVE ITS GOALS BY PROVIDING TOP OFFICIALS AND THE BOARD OF DIRECTORS WITH A TOOL FOR (A) CLEARLY COMMUNICATING PERFORMANCE ON THE PART OF KEY LEADERS, (B) STIMULATING AND REWARDING SUPERIOR LEVELS OF PERFORMANCE ON THE PART OF KEY LEADERS WHICH WILL ULTIMATELY BENEFIT THE COMMUNITIES MHC SERVES, AND (C) PROTECTING MHC'S ABILITY TO COMPETE WITH OTHER EMPLOYERS FOR HIGH-TALENT LEADERS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I, LINES 4A-B
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc3PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE ORGANIZATION IS MCLAREN INTEGRATED HMO GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MCLAREN INTEGRATED HMO GROUP, MDWISE'S SOLE MEMBER HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY MDWISE'S PRESIDENT & CEO AND ALSO BY THE CFO PRIOR TO FILING. AS PART OF AN INTEGRATED HEALTH SYSTEM, THE PARENT BOARD ALSO REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MDWISE BOARD MEMBER, OFFICER AND SENIOR MANAGEMENT EXECUTIVE COMPLETES THE MDWISE CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THE BOARD CHAIR AND PRESIDENT/CEO REVIEW ALL COMPLETED FORMS TO IDENTIFY ANY POTENTIAL CONFLICTS. ANY IDENTIFIED POTENTIAL CONFLICT IS INVESTIGATED AND RAISED WITH THE INDIVIDUAL, AS APPROPRIATE, TO RESOLVE THE CONFLICT OR DETERMINE IF ANY ACTION IS NEEDED, UP TO AND INCLUDING, POSSIBLE REMOVAL FROM THE BOARD, OR OFFICER/SENIOR MANAGEMENT POSITION. ANY IDENTIFIED CONFLICTS ARE REPORTED TO THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO HAS BEEN ANSWERED TO LINES 15A & 15B, AS THE FILING ORGANIZATION REIMBURSES MDWISE FOR OFFICERS' COMPENSATION PURSUANT TO A MANAGEMENT SERVICES AGREEMENT. ALL OFFICERS OF MDWISE MEDICAID NETWORK, INC. ARE EMPLOYEES OF AN AFFILIATED ENTITY MDWISE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MDWISE MEDICAID NETWORK HAS ADOPTED AND COMPLIES WITH ALL POLICIES ESTABLISHED BY ITS AFFILIATED COMPANY, MDWISE INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINES 13 & 14:
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