Mdwise Medicaid Network Inc
Indianapolis, IN 46208 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,727,116,763 | $1,725,301,797 | -$83,632,060 |
| FY2024 | $1,907,710,603 | $1,916,334,910 | -$85,447,026 |
| FY2023 | $2,012,532,335 | $2,033,044,846 | -$76,822,719 |
| FY2022 | $1,958,415,953 | $1,971,851,321 | -$56,310,208 |
| FY2021 | $1,636,579,109 | $1,644,171,635 | -$42,874,840 |
| FY2020 | $1,393,180,417 | $1,408,647,794 | -$35,282,314 |
| FY2019 | $1,283,082,524 | $1,288,854,051 | -$19,814,937 |
| FY2018 | $868,567,724 | $886,541,134 | -$14,043,410 |
| FY2017 | $952,001,096 | $926,266,237 | $3,930,000 |
| FY2016 | $997,240,168 | $1,098,914,507 | -$105,799,545 |
| FY2015 | $491,119,980 | $495,245,186 | -$4,125,206 |
Form 990 filings
The returns filed by Mdwise Medicaid Network Inc (EIN 47-3192307), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $1,727,055,996 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,725,301,797 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025. That is higher than 99.1% of 111 Health Care organizations in IN.
- Net assets covered about -0.6 months of expenses at the end of the reporting year. That puts it in the 4th percentile among 410 Health Care organizations in IN.
- Total revenue was higher than 99% of 413 Health Care organizations in IN.
- Total revenue rose from $491,119,980 in FY2015 to $1,727,116,763 in FY2025. Revenue increased in 6 and decreased in 4 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 9 of 11 reported years (FY2015, FY2016, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $2,012,532,335 in FY2023.
- Net assets declined from -$4,125,206 to -$83,632,060 between FY2015 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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).
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | E80 — Health Care (in IN) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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