# Northshore Health Centers, Inc.

Health Center, IN
Page: https://astrelis.co/providers/health_center/151829  
This twin: https://astrelis.co/providers/health_center/151829.md  
CMS Certification Number (CCN): 151829  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Operating margin (FY2025):** -27.8%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $62.2M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +4.9%. 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

### NORTHSHORE HEALTH CENTERS, INC, IN

Match to this profile: identifier verified: the EIN the dataset carries for this CCN agrees with the filed EIN (method: normalized name and ZIP (FACLAND tier 2)).

- FY ending 2025-12-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-12-GSAFAC-0000419565
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000382361
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000042670

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 1,203,968 [derived, p.5] | 5,321,803 [derived, p.6] | 12,476,366 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 9,630,269 [derived, p.5] | 6,142,436 [derived, p.6] | 3,798,103 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 57,938 [derived, p.5] | 120,418 [derived, p.6] | 2,147,646 [derived, p.6] |
| other current assets (Statement of financial position) | 1,994,719 [derived, p.5] | 2,463,221 [derived, p.6] | 1,021,737 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 12,886,894 [extracted, p.5] | 14,047,878 [extracted, p.6] | 19,443,852 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 44,316,006 [derived, p.5] | 40,756,947 [derived, p.6] | 38,265,127 [derived, p.6] |
| other long-term assets (Statement of financial position) | 7,531,130 [derived, p.5] | 7,585,758 [derived, p.6] | 2,633,478 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 64,734,030 [extracted, p.5] | 62,390,583 [extracted, p.6] | 60,342,457 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 4,323,620 [derived, p.5] | 7,903,561 [derived, p.6] | 3,654,546 [derived, p.7] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | 1,118,337 [derived, p.7] |
| current debt and leases (Statement of financial position) | 3,350,698 [derived, p.5] | 2,335,329 [derived, p.6] | 1,347,735 [derived, p.7] |
| other current liabilities (Statement of financial position) | 200,245 [derived, p.5] | 285,530 [derived, p.6] | 148,024 [derived, p.7] |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 7,874,563 [extracted, p.5] | 10,524,420 [extracted, p.6] | 6,268,642 [extracted, p.7] |
| long-term debt and leases (Statement of financial position) | 35,987,309 [derived, p.5] | 31,261,784 [derived, p.6] | 24,001,344 [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) | 43,861,872 [extracted, p.5] | 41,786,204 [extracted, p.6] | 30,269,986 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 20,872,158 [derived, p.5] | 20,604,379 [derived, p.6] | 30,072,471 [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) | 20,872,158 [extracted, p.5] | 20,604,379 [extracted, p.6] | 30,072,471 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 58,858,156 [derived, p.6] | 54,710,735 [derived, p.7] | 49,246,600 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | 14,185,641 [derived, p.6] | 11,006,073 [derived, p.7] | 7,935,903 [derived, p.8] |
| federal grants (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | 5,938,172 [derived, p.8] |
| other grants and contracts (Statement of activities) | 6,073,557 [derived, p.6] | 6,677,893 [derived, p.7] | 275,261 [derived, p.8] |
| contributions (Statement of activities) | 134,547 [derived, p.6] | 437,900 [derived, p.7] | 120,000 [derived, p.8] |
| other revenue (Statement of activities) | 1,075,775 [derived, p.6] | 347,202 [derived, p.7] | 1,123,404 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 80,327,676 [extracted, p.6] | 73,179,803 [extracted, p.7] | 64,639,340 [extracted, p.8] |
| salaries and benefits (Statement of activities) | 50,500,589 [derived, p.6] | 53,313,756 [derived, p.7] | 42,417,144 [derived, p.8] |
| supplies and pharmaceuticals (Statement of activities) | 12,068,288 [derived, p.6] | 9,823,057 [derived, p.7] | 6,372,126 [derived, p.8] |
| purchased and professional services (Statement of activities) | 6,210,703 [derived, p.6] | 7,336,890 [derived, p.7] | 5,498,354 [derived, p.8] |
| occupancy (Statement of activities) | 2,835,868 [derived, p.6] | 2,458,097 [derived, p.7] | absent (not printed, or not read) |
| depreciation and amortization (Statement of activities) | 2,417,904 [derived, p.6] | 2,081,182 [derived, p.7] | 2,065,418 [derived, p.8] |
| interest (Statement of activities) | 1,575,838 [derived, p.6] | 1,010,306 [derived, p.7] | 955,314 [derived, p.8] |
| other expenses (Statement of activities) | 4,485,694 [derived, p.6] | 6,874,383 [derived, p.7] | 5,788,071 [derived, p.8] |
| TOTAL EXPENSES (Statement of activities) | 80,094,884 [extracted, p.6] | 82,897,671 [extracted, p.7] | 63,096,427 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | 232,792 [extracted, p.6] | -9,717,868 [extracted, p.7] | 1,542,913 [extracted, p.8] |
| non-operating and other changes (Statement of activities) | 34,987 [derived, p.6] | 249,776 [derived, p.7] | 3,500 [derived, p.8] |
| CHANGE IN NET ASSETS (Statement of activities) | 267,779 [extracted, p.6] | -9,468,092 [extracted, p.7] | 1,546,413 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 20,604,379 [extracted, p.6] | 30,072,471 [extracted, p.7] | 28,526,058 [extracted, p.8] |
| net assets, end (Statement of activities) | 20,872,158 [extracted, p.6] | 20,604,379 [extracted, p.7] | 30,072,471 [extracted, p.8] |

| Ratio | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| Days cash on hand | 6 days [plausible] | 24 days [plausible] | 75 days [plausible] |
| Current ratio | 1.64x [plausible] | 1.33x [plausible] | 3.10x [plausible] |
| Operating margin | 0.3% [plausible] | -13.3% [plausible] | 2.4% [plausible] |
| Total margin | 0.3% [plausible] | -12.9% [plausible] | 2.4% [plausible] |
| Patient revenue share | 73.3% [plausible] | 74.8% [plausible] | 76.2% [plausible] |
| Grant dependency | absent [not computed] | absent [not computed] | 9.6% [plausible] |
| Salaries share | 63.1% [plausible] | 64.3% [plausible] | 67.2% [plausible] |
| Days in patient receivables | 60 days [plausible] | 41 days [plausible] | 28 days [plausible] |
| Debt to net assets | 1.88x [plausible] | 1.63x [plausible] | 0.84x [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 (NORTHSHORE HEALTH CENTERS, INC; FAC-11 template snapshot, SRC-FAC-001).

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

## Cite this page

Astrelis Atlas, "Northshore Health Centers, Inc.", https://astrelis.co/providers/health_center/151829, 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.