# Triad Health Systems, Inc.

Health Center, KY
Page: https://astrelis.co/providers/health_center/181864  
This twin: https://astrelis.co/providers/health_center/181864.md  
CMS Certification Number (CCN): 181864  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Operating margin (FY2024):** -838.0%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $-0.8M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** -4.0%. 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

### TRIAD HEALTH SYSYEMS INC, KY

Match to this profile: identifier verified: the EIN the dataset carries for this CCN agrees with the filed EIN (method: exact name and state (FACLAND tier 1)).

- FY ending 2025-12-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-12-GSAFAC-0000421790
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000380079
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000062319

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 2,961,693 [derived, p.6] | 3,286,336 [derived, p.6] | 3,512,132 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 146,362 [derived, p.6] | 201,368 [derived, p.6] | 201,056 [derived, p.6] |
| grants and other receivables (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | 609,476 [derived, p.6] |
| other current assets (Statement of financial position) | 1,146,969 [derived, p.6] | 1,140,136 [derived, p.6] | 1,678,628 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 4,479,423 [extracted, p.6] | 4,627,840 [extracted, p.6] | 6,001,292 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 2,322,297 [derived, p.6] | 2,652,585 [derived, p.6] | 2,838,559 [derived, p.6] |
| other long-term assets (Statement of financial position) | 534,572 [derived, p.6] | 2,466,257 [derived, p.6] | 2,866,106 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 8,196,283 [extracted, p.6] | 9,746,682 [extracted, p.6] | 11,705,957 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 1,024,787 [derived, p.6] | 954,150 [derived, p.6] | 854,021 [derived, p.6] |
| 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) | 288,978 [derived, p.6] | 454,973 [derived, p.6] | 426,022 [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) | 1,319,615 [extracted, p.6] | 1,409,123 [extracted, p.6] | 1,280,043 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 1,515,575 [derived, p.6] | 3,353,656 [derived, p.6] | 3,817,450 [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) | 3,695,268 [extracted, p.6] | 4,762,779 [extracted, p.6] | 5,097,493 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 4,501,015 [derived, p.6] | 4,983,903 [derived, p.6] | 6,608,464 [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) | 4,501,015 [extracted, p.6] | 4,983,903 [extracted, p.6] | 6,608,464 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 3,855,236 [derived, p.7] | 4,186,580 [derived, p.7] | 4,517,908 [derived, p.7] |
| pharmacy and 340B revenue (Statement of activities) | 7,167,550 [derived, p.7] | 4,457,855 [derived, p.7] | 3,045,547 [derived, p.7] |
| 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) | 3,472,232 [derived, p.7] | 3,558,621 [derived, p.7] | 3,837,648 [derived, p.7] |
| contributions (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other revenue (Statement of activities) | 429,788 [derived, p.7] | 142,128 [derived, p.7] | 176,565 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 14,924,806 [extracted, p.7] | 12,345,184 [extracted, p.7] | 11,577,668 [extracted, p.7] |
| salaries and benefits (Statement of activities) | 7,296,764 [derived, p.7] | 7,205,453 [derived, p.7] | 6,887,117 [derived, p.7] |
| supplies and pharmaceuticals (Statement of activities) | 5,537,994 [derived, p.7] | 4,325,424 [derived, p.7] | 2,443,826 [derived, p.7] |
| purchased and professional services (Statement of activities) | 1,008,469 [derived, p.7] | 988,299 [derived, p.7] | 1,098,215 [derived, p.7] |
| occupancy (Statement of activities) | 754,023 [derived, p.7] | 652,324 [derived, p.7] | 703,908 [derived, p.7] |
| depreciation and amortization (Statement of activities) | 356,305 [derived, p.7] | 379,498 [derived, p.7] | 313,646 [derived, p.7] |
| interest (Statement of activities) | 78,282 [derived, p.7] | 57,668 [derived, p.7] | 66,066 [derived, p.7] |
| other expenses (Statement of activities) | 375,857 [derived, p.7] | 361,079 [derived, p.7] | 333,234 [derived, p.7] |
| TOTAL EXPENSES (Statement of activities) | 15,407,694 [extracted, p.7] | 13,969,745 [extracted, p.7] | 11,846,012 [extracted, p.7] |
| 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) | -482,888 [extracted, p.7] | -1,624,561 [extracted, p.7] | -268,344 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 4,983,903 [extracted, p.7] | 6,608,464 [extracted, p.7] | 6,876,808 [extracted, p.7] |
| net assets, end (Statement of activities) | 4,501,015 [extracted, p.7] | 4,983,903 [extracted, p.7] | 6,608,464 [extracted, p.7] |

| Ratio | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| Days cash on hand | 72 days [plausible] | 89 days [plausible] | 111 days [plausible] |
| Current ratio | 3.39x [plausible] | 3.28x [plausible] | 4.69x [plausible] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | -3.2% [plausible] | -13.2% [plausible] | -2.3% [plausible] |
| Patient revenue share | 25.8% [plausible] | 33.9% [plausible] | 39.0% [plausible] |
| Grant dependency | absent [not computed] | absent [not computed] | absent [not computed] |
| Salaries share | 47.4% [plausible] | 51.6% [plausible] | 58.1% [plausible] |
| Days in patient receivables | 14 days [plausible] | 18 days [plausible] | 16 days [plausible] |
| Debt to net assets | 0.40x [plausible] | 0.76x [plausible] | 0.64x [plausible] |
| 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 (TRIAD HEALTH SYSYEMS 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, "Triad Health Systems, Inc.", https://astrelis.co/providers/health_center/181864, 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.