# Bowen Health, Inc.

Health Center, IN
Page: https://astrelis.co/providers/health_center/151099  
This twin: https://astrelis.co/providers/health_center/151099.md  
CMS Certification Number (CCN): 151099  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2022 to 2025)

Filings that are not a full fiscal year: FY2022 covers 421 days. These years sit in no comparison pool.

- **Total patients (UDS) (FY2024):** 20,772. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2025):** +28.4%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 16. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 18.9%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $69.9M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +36.9%. 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

### Bowen Health, Inc., IN

Match to this profile: matched by name (method: exact name and state (FACLAND tier 1)).

- FY ending 2024-06-30 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-06-GSAFAC-0000069519
- FY ending 2023-06-30 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-06-GSAFAC-0000016208

| Line | FY ending 2024-06-30 | FY ending 2023-06-30 |
|---|---:|---:|
| cash and investments (current) (Statement of financial position) | 36,976,796 [derived, p.6] | 15,361,318 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 8,390,159 [derived, p.6] | 7,287,010 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 4,435,295 [derived, p.6] | 4,740,164 [derived, p.6] |
| other current assets (Statement of financial position) | 1,107,511 [derived, p.6] | 1,438,898 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 51,155,959 [extracted, p.6] | 51,143,328 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 57,411,246 [derived, p.6] | 47,417,127 [derived, p.6] |
| other long-term assets (Statement of financial position) | 43,314,212 [derived, p.6] | 31,771,556 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 151,881,417 [extracted, p.6] | 130,332,011 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 12,162,994 [derived, p.7] | 10,746,605 [derived, p.7] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | 256,166 [derived, p.7] | 246,776 [derived, p.7] |
| other current liabilities (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 12,665,358 [extracted, p.7] | 10,993,381 [extracted, p.7] |
| long-term debt and leases (Statement of financial position) | 8,770,924 [derived, p.7] | 9,021,276 [derived, p.7] |
| other long-term liabilities (Statement of financial position) | 444,923 [derived, p.7] | 570,163 [derived, p.7] |
| TOTAL LIABILITIES (Statement of financial position) | 21,881,205 [extracted, p.7] | 20,584,820 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 130,000,212 [derived, p.7] | 109,747,191 [derived, p.7] |
| net assets with donor restrictions (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 130,000,212 [extracted, p.7] | 109,747,191 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 105,760,986 [derived, p.8] | 99,936,213 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | 1,819,742 [derived, p.8] | absent (not printed, or not read) |
| federal grants (Statement of activities) | 2,314,673 [derived, p.8] | 4,572,195 [derived, p.8] |
| other grants and contracts (Statement of activities) | 10,421,413 [derived, p.8] | 7,046,166 [derived, p.8] |
| contributions (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) |
| other revenue (Statement of activities) | 2,473,635 [derived, p.8] | 2,399,894 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 122,790,449 [extracted, p.8] | 113,954,468 [extracted, p.8] |
| salaries and benefits (Statement of activities) | 80,591,790 [derived, p.8] | 78,026,250 [derived, p.8] |
| supplies and pharmaceuticals (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) |
| purchased and professional services (Statement of activities) | 2,167,506 [derived, p.8] | 1,963,458 [derived, p.8] |
| occupancy (Statement of activities) | 6,101,453 [derived, p.8] | 5,185,582 [derived, p.8] |
| depreciation and amortization (Statement of activities) | 3,310,103 [derived, p.8] | 3,123,634 [derived, p.8] |
| interest (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) |
| other expenses (Statement of activities) | 15,665,960 [derived, p.8] | 14,385,450 [derived, p.8] |
| TOTAL EXPENSES (Statement of activities) | 107,836,812 [extracted, p.8] | 102,684,374 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | 14,953,637 [extracted, p.8] | 11,270,094 [extracted, p.8] |
| non-operating and other changes (Statement of activities) | 5,299,384 [derived, p.8] | 3,525,024 [derived, p.8] |
| CHANGE IN NET ASSETS (Statement of activities) | 20,253,021 [extracted, p.8] | 14,795,118 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 109,747,191 [extracted, p.8] | 94,952,073 [extracted, p.8] |
| net assets, end (Statement of activities) | 130,000,212 [extracted, p.8] | 109,747,191 [extracted, p.8] |

| Ratio | FY ending 2024-06-30 | FY ending 2023-06-30 |
|---|---:|---:|
| Days cash on hand | 129 days [plausible] | 56 days [plausible] |
| Current ratio | 4.04x [plausible] | 4.65x [plausible] |
| Operating margin | 12.2% [plausible] | 9.9% [plausible] |
| Total margin | 16.5% [plausible] | 13.0% [plausible] |
| Patient revenue share | 86.1% [plausible] | 87.7% [plausible] |
| Grant dependency | 10.4% [plausible] | 10.2% [plausible] |
| Salaries share | 74.7% [plausible] | 76.0% [plausible] |
| Days in patient receivables | 29 days [plausible] | 27 days [plausible] |
| Debt to net assets | 0.07x [plausible] | 0.08x [plausible] |
| Health center award share | 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 (Bowen Health, 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, "Bowen Health, Inc.", https://astrelis.co/providers/health_center/151099, 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.