# Healthnet, Inc.

Health Center, IN
Page: https://astrelis.co/providers/health_center/151010  
This twin: https://astrelis.co/providers/health_center/151010.md  
CMS Certification Number (CCN): 151010  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2019 to 2025)

- **Total patients (UDS) (FY2024):** 60,775. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total visits (all service types) (FY2024):** 225,913. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 29. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 21.7%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2025):** -1.8%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $12.3M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** -0.6%. 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

### HealthNet, Inc., IN

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

- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000380685
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000052527
- FY ending 2022-12-31 (audit year 2022): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2022-12-GSAFAC-0000017614

| Line | FY ending 2024-12-31 | FY ending 2023-12-31 | FY ending 2022-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 4,013,238 [derived, p.6] | 4,246,130 [derived, p.6] | 5,083,928 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 2,265,313 [derived, p.6] | 1,169,094 [derived, p.6] | 979,118 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 2,936,612 [derived, p.6] | 4,141,195 [derived, p.6] | 4,081,903 [derived, p.6] |
| other current assets (Statement of financial position) | 1,013,946 [derived, p.6] | 793,048 [derived, p.6] | 932,970 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 10,229,109 [extracted, p.6] | 10,349,467 [extracted, p.6] | 11,077,919 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 15,595,797 [derived, p.6] | 15,251,220 [derived, p.6] | 17,008,316 [derived, p.6] |
| other long-term assets (Statement of financial position) | 20,034,115 [derived, p.6] | 20,715,349 [derived, p.6] | 7,536,416 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 45,859,021 [extracted, p.6] | 46,316,036 [extracted, p.6] | 46,756,265 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 8,056,183 [derived, p.6] | 6,261,013 [derived, p.6] | 7,433,135 [derived, p.6] |
| deferred revenue (Statement of financial position) | 2,439,644 [derived, p.6] | 3,427,295 [derived, p.6] | 2,485,105 [derived, p.6] |
| current debt and leases (Statement of financial position) | 3,745,678 [derived, p.6] | 4,288,998 [derived, p.6] | absent (not printed, or not read) |
| 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) | 14,241,505 [extracted, p.6] | 13,977,306 [extracted, p.6] | 11,796,069 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 10,234,388 [derived, p.6] | 11,058,634 [derived, p.6] | absent (not printed, or not read) |
| 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) | 24,475,893 [extracted, p.6] | 25,035,940 [extracted, p.6] | 21,453,711 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 21,383,128 [derived, p.6] | 21,280,096 [derived, p.6] | 25,302,554 [derived, p.6] |
| 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) | 21,383,128 [extracted, p.6] | 21,280,096 [extracted, p.6] | 25,302,554 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 49,965,086 [derived, p.7] | 47,252,901 [derived, p.7] | 42,386,079 [derived, p.7] |
| pharmacy and 340B revenue (Statement of activities) | 3,394,606 [derived, p.7] | 4,260,265 [derived, p.7] | 4,513,537 [derived, p.7] |
| federal grants (Statement of activities) | 21,109,013 [derived, p.7] | 23,048,513 [derived, p.7] | 24,660,803 [derived, p.7] |
| other grants and contracts (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| contributions (Statement of activities) | 2,666,230 [derived, p.7] | 1,805,003 [derived, p.7] | 1,614,749 [derived, p.7] |
| other revenue (Statement of activities) | 866,865 [derived, p.7] | 1,618,222 [derived, p.7] | 1,610,213 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 79,662,082 [extracted, p.7] | 77,984,904 [extracted, p.7] | 74,785,381 [extracted, p.7] |
| salaries and benefits (Statement of activities) | 59,307,187 [derived, p.7] | 62,142,795 [derived, p.7] | 61,915,712 [derived, p.7] |
| supplies and pharmaceuticals (Statement of activities) | 820,762 [derived, p.7] | 2,331,761 [derived, p.7] | 1,912,048 [derived, p.7] |
| purchased and professional services (Statement of activities) | 3,124,745 [derived, p.7] | 4,023,221 [derived, p.7] | 3,249,455 [derived, p.7] |
| occupancy (Statement of activities) | 6,087,798 [derived, p.7] | 6,372,676 [derived, p.7] | 5,495,016 [derived, p.7] |
| depreciation and amortization (Statement of activities) | 1,252,592 [derived, p.7] | 1,311,237 [derived, p.7] | 1,439,784 [derived, p.7] |
| 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) | 7,047,914 [derived, p.7] | 5,823,272 [derived, p.7] | 5,024,366 [derived, p.7] |
| TOTAL EXPENSES (Statement of activities) | 79,556,650 [extracted, p.7] | 82,004,962 [extracted, p.7] | 79,036,381 [extracted, p.7] |
| OPERATING RESULT (Statement of activities) | 105,432 [extracted, p.7] | -4,020,058 [extracted, p.7] | -4,251,000 [extracted, p.7] |
| non-operating and other changes (Statement of activities) | -2,400 [derived, p.7] | -2,400 [derived, p.7] | -2,400 [derived, p.7] |
| CHANGE IN NET ASSETS (Statement of activities) | 103,032 [extracted, p.7] | -4,022,458 [extracted, p.7] | -4,253,400 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 21,280,096 [extracted, p.7] | 25,302,554 [extracted, p.7] | 29,555,954 [extracted, p.7] |
| net assets, end (Statement of activities) | 21,383,128 [extracted, p.7] | 21,280,096 [extracted, p.7] | 25,302,554 [extracted, p.7] |

| Ratio | FY ending 2024-12-31 | FY ending 2023-12-31 | FY ending 2022-12-31 |
|---|---:|---:|---:|
| Days cash on hand | 19 days [plausible] | 19 days [plausible] | 24 days [plausible] |
| Current ratio | 0.72x [plausible] | 0.74x [plausible] | 0.94x [plausible] |
| Operating margin | 0.1% [plausible] | -5.2% [plausible] | -5.7% [plausible] |
| Total margin | 0.1% [plausible] | -5.2% [plausible] | -5.7% [plausible] |
| Patient revenue share | 62.7% [plausible] | 60.6% [plausible] | 56.7% [plausible] |
| Grant dependency | absent [not computed] | absent [not computed] | absent [not computed] |
| Salaries share | 74.5% [plausible] | 75.8% [plausible] | 78.3% [plausible] |
| Days in patient receivables | 17 days [plausible] | 9 days [plausible] | 8 days [plausible] |
| Debt to net assets | 0.65x [plausible] | 0.72x [plausible] | absent [not computed] |
| Health center award share | absent [not computed] | absent [not computed] | absent [not computed] |

## Sources

HRSA Uniform Data System (awardee level; organization match Probable). CMS HCRIS cost reports, form CMS-224-14, as filed (the Medicare cost-report appendix). Federal Audit Clearinghouse single audits as filed (HealthNet, 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, "Healthnet, Inc.", https://astrelis.co/providers/health_center/151010, 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.