# Healthy Connections, Inc.

Health Center, AR
Page: https://astrelis.co/providers/health_center/041988  
This twin: https://astrelis.co/providers/health_center/041988.md  
CMS Certification Number (CCN): 041988  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2021 to 2025)

Filings that are not a full fiscal year: FY2021 covers 82 days. These years sit in no comparison pool.

- **Operating margin (FY2025):** -131.8%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $14.9M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +16.9%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center

## Audited financial statements (Federal Audit Clearinghouse)

Read from the FAC-11 template of the audited statements: every line, every ratio and every status column print as the template carries them, and no figure is withheld. A report's tie status says whether its statements foot; a ratio's plausibility status says whether it sits inside its possible range; a median of fewer than five values says so. The figures were not audited by Astrelis. Contract: https://astrelis.co/methodology/fqhc-audit-contract

### HEALTHY CONNECTIONS, INC., AR

Match to this profile: matched by name (method: name and state).

- FY ending 2025-12-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-12-GSAFAC-0000428996
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000386021
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000058278

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 16,161,190 [derived, p.7] | 12,524,851 [derived, p.7] | 10,494,906 [derived, p.7] |
| patient receivables, net (Statement of financial position) | 11,132,487 [derived, p.7] | 5,853,288 [derived, p.7] | 5,243,775 [derived, p.7] |
| grants and other receivables (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other current assets (Statement of financial position) | 217,437 [derived, p.7] | 212,610 [derived, p.7] | 66,554 [derived, p.7] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 27,511,114 [extracted, p.7] | 18,590,749 [extracted, p.7] | 15,805,235 [extracted, p.7] |
| property and equipment, net (Statement of financial position) | 9,307,686 [derived, p.7] | 9,760,430 [derived, p.7] | 9,862,094 [derived, p.7] |
| other long-term assets (Statement of financial position) | 1,631,661 [derived, p.7] | 2,179,615 [derived, p.7] | 2,054,370 [derived, p.7] |
| TOTAL ASSETS (Statement of financial position) | 38,450,461 [extracted, p.7] | 30,530,794 [extracted, p.7] | 27,721,699 [extracted, p.7] |
| payables and accrued expenses (Statement of financial position) | 2,137,035 [derived, p.7] | 2,009,071 [derived, p.7] | 1,929,593 [derived, p.7] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | 1,129,048 [derived, p.7] | 724,366 [derived, p.7] | 557,329 [derived, p.7] |
| other current liabilities (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 3,266,083 [extracted, p.7] | 2,733,437 [extracted, p.7] | 2,486,922 [extracted, p.7] |
| long-term debt and leases (Statement of financial position) | 3,947,290 [derived, p.7] | 4,981,908 [derived, p.7] | 5,097,000 [derived, p.7] |
| other long-term liabilities (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL LIABILITIES (Statement of financial position) | 7,213,373 [extracted, p.7] | 7,715,345 [extracted, p.7] | 7,583,922 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 31,237,088 [derived, p.7] | 22,815,449 [derived, p.7] | 20,137,777 [derived, p.7] |
| net assets with donor restrictions (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 31,237,088 [extracted, p.7] | 22,815,449 [extracted, p.7] | 20,137,777 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 36,323,417 [derived, p.8] | 28,188,540 [derived, p.8] | 22,274,597 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| federal grants (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other grants and contracts (Statement of activities) | 5,620,101 [derived, p.8] | 7,161,083 [derived, p.8] | 7,204,882 [derived, p.8] |
| contributions (Statement of activities) | 78,625 [derived, p.8] | 428,073 [derived, p.8] | 954,940 [derived, p.8] |
| other revenue (Statement of activities) | 990,023 [derived, p.8] | 963,654 [derived, p.8] | 751,350 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 43,012,166 [extracted, p.8] | 36,741,350 [extracted, p.8] | 31,185,769 [extracted, p.8] |
| salaries and benefits (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| supplies and pharmaceuticals (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| purchased and professional services (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| occupancy (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| depreciation and amortization (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| interest (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other expenses (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL EXPENSES (Statement of activities) | 34,590,527 [extracted, p.8] | 34,063,678 [extracted, p.8] | 29,721,437 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| non-operating and other changes (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| CHANGE IN NET ASSETS (Statement of activities) | 8,421,639 [extracted, p.8] | 2,677,672 [extracted, p.8] | 1,464,332 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 22,815,449 [extracted, p.8] | 20,137,777 [extracted, p.8] | 18,673,445 [extracted, p.8] |
| net assets, end (Statement of activities) | 31,237,088 [extracted, p.8] | 22,815,449 [extracted, p.8] | 20,137,777 [extracted, p.8] |

| Ratio | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 8.42x [plausible] | 6.80x [plausible] | 6.36x [plausible] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | 19.6% [plausible] | 7.3% [plausible] | 4.7% [plausible] |
| Patient revenue share | 84.4% [plausible] | 76.7% [plausible] | 71.4% [plausible] |
| Grant dependency | absent [not computed] | absent [not computed] | absent [not computed] |
| Salaries share | absent [not computed] | absent [not computed] | absent [not computed] |
| Days in patient receivables | 112 days [plausible] | 76 days [plausible] | 86 days [plausible] |
| Debt to net assets | 0.16x [plausible] | 0.25x [plausible] | 0.28x [plausible] |
| Health center award share | absent [not computed] | absent [not computed] | absent [not computed] |

## Sources

HRSA Uniform Data System (awardee level; organization match Verified). CMS HCRIS cost reports, form CMS-224-14, as filed (the Medicare cost-report appendix). Federal Audit Clearinghouse single audits as filed (HEALTHY CONNECTIONS, INC.; FAC-11 template snapshot, SRC-FAC-001); the organization match is matched by name.

Methodology: https://astrelis.co/methodology · Data sources: https://astrelis.co/data-sources · Data philosophy: https://astrelis.co/data-philosophy

## Cite this page

Astrelis Atlas, "Healthy Connections, Inc.", https://astrelis.co/providers/health_center/041988, release 2321a4fc37a7 (2026-10-22). Figures as filed in the named public sources; not audited by Astrelis.

Figures are as filed in the named public sources. Astrelis is not a CPA firm and performs no audit, review or attestation of any facility.