# Healthlinc, Inc.

Health Center, IN
Page: https://astrelis.co/providers/health_center/151052  
This twin: https://astrelis.co/providers/health_center/151052.md  
CMS Certification Number (CCN): 151052  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2019 to 2020)

Filings that are not a full fiscal year: FY2019 covers 190 days. These years sit in no comparison pool.

- **Operating margin (FY2020):** -0.2%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2020):** $2.1M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2020):** +11.3%. 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

### HealthLinc, Inc., IN

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-0000415855
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000367702
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000033536

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 21,380,685 [derived, p.6] | 19,626,286 [derived, p.6] | 13,183,454 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 2,720,709 [derived, p.6] | 4,857,531 [derived, p.6] | 5,838,092 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 631,833 [derived, p.6] | 849,525 [derived, p.6] | 1,592,172 [derived, p.6] |
| other current assets (Statement of financial position) | 2,033,685 [derived, p.6] | 1,830,861 [derived, p.6] | 1,699,151 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 26,766,912 [extracted, p.6] | 27,164,203 [extracted, p.6] | 22,312,869 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 29,641,785 [derived, p.6] | 29,093,422 [derived, p.6] | 26,556,387 [derived, p.6] |
| other long-term assets (Statement of financial position) | 11,692,098 [derived, p.6] | 11,404,075 [derived, p.6] | 11,349,032 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 68,100,795 [extracted, p.6] | 67,661,700 [extracted, p.6] | 60,218,288 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 8,440,767 [derived, p.7] | 8,085,632 [derived, p.6] | 7,485,095 [derived, p.6] |
| deferred revenue (Statement of financial position) | 271,255 [derived, p.7] | 208,225 [derived, p.6] | 194,738 [derived, p.6] |
| current debt and leases (Statement of financial position) | 1,288,867 [derived, p.7] | 1,232,983 [derived, p.6] | 820,431 [derived, p.6] |
| 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) | 10,000,889 [extracted, p.7] | 9,526,840 [extracted, p.6] | 8,500,264 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 9,975,504 [derived, p.7] | 11,183,591 [derived, p.6] | 10,795,865 [derived, p.6] |
| 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) | 19,976,393 [extracted, p.7] | 20,710,431 [extracted, p.6] | 19,296,129 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 47,955,135 [derived, p.7] | 46,118,387 [derived, p.6] | 40,085,175 [derived, p.6] |
| net assets with donor restrictions (Statement of financial position) | 169,267 [derived, p.7] | 832,882 [derived, p.6] | 836,984 [derived, p.6] |
| TOTAL NET ASSETS (Statement of financial position) | 48,124,402 [extracted, p.7] | 46,951,269 [extracted, p.6] | 40,922,159 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 45,927,113 [derived, p.10] | 35,278,778 [derived, p.8] | 35,750,510 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | 30,840,823 [derived, p.10] | 16,327,510 [derived, p.8] | 13,332,589 [derived, p.8] |
| 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) | 10,622,227 [derived, p.10] | 19,871,605 [derived, p.8] | 12,613,050 [derived, p.8] |
| contributions (Statement of activities) | 265,967 [derived, p.10] | 354,061 [derived, p.8] | 371,883 [derived, p.8] |
| other revenue (Statement of activities) | 2,791,332 [derived, p.10] | 10,745,356 [derived, p.8] | 8,022,004 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 90,447,462 [extracted, p.10] | 82,577,310 [extracted, p.8] | 70,090,036 [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) | 89,274,329 [extracted, p.10] | 76,548,200 [extracted, p.8] | 66,879,109 [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) | 1,173,133 [extracted, p.10] | 6,029,110 [extracted, p.8] | 3,210,927 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 46,951,269 [extracted, p.10] | 40,922,159 [extracted, p.8] | 37,711,232 [extracted, p.8] |
| net assets, end (Statement of activities) | 48,124,402 [extracted, p.10] | 46,951,269 [extracted, p.8] | 40,922,159 [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 | 2.68x [plausible] | 2.85x [plausible] | 2.62x [plausible] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | 1.3% [plausible] | 7.3% [plausible] | 4.6% [plausible] |
| Patient revenue share | 50.8% [plausible] | 42.7% [plausible] | 51.0% [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 | 22 days [plausible] | 50 days [plausible] | 60 days [plausible] |
| Debt to net assets | 0.23x [plausible] | 0.26x [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 (HealthLinc, 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, "Healthlinc, Inc.", https://astrelis.co/providers/health_center/151052, 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.