# Cherry Street Services, Inc.

Health Center, MI
Page: https://astrelis.co/providers/health_center/231176  
This twin: https://astrelis.co/providers/health_center/231176.md  
CMS Certification Number (CCN): 231176  
Release: 2321a4fc37a7 (2026-10-22)

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

Filings that are not a full fiscal year: FY2022 covers 109 days. These years sit in no comparison pool.

- **Total patients (UDS) (FY2024):** 55,459. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total visits (all service types) (FY2024):** 208,485. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 25. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 22.9%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2025):** -132.9%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $0.1M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** -7.2%. 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

### Cherry Street Services, Inc - Cherry Health, MI

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

- FY ending 2025-03-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-03-GSAFAC-0000389838
- FY ending 2024-03-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-03-GSAFAC-0000345109
- FY ending 2023-03-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-03-GSAFAC-0000006198

| Line | FY ending 2025-03-31 | FY ending 2024-03-31 | FY ending 2023-03-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 20,716,453 [derived, p.6] | 22,458,797 [derived, p.6] | 23,696,968 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 23,814,154 [derived, p.6] | 19,666,321 [derived, p.6] | 21,627,965 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 4,820,515 [derived, p.6] | 4,247,354 [derived, p.6] | 6,475,928 [derived, p.6] |
| other current assets (Statement of financial position) | 2,516,318 [derived, p.6] | 2,537,981 [derived, p.6] | 1,895,359 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 51,867,440 [extracted, p.6] | 48,910,453 [extracted, p.6] | 53,696,220 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 44,016,840 [derived, p.6] | 46,930,071 [derived, p.6] | 47,574,103 [derived, p.6] |
| other long-term assets (Statement of financial position) | 2,008,590 [derived, p.6] | 2,421,812 [derived, p.6] | 2,458,493 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 97,892,870 [extracted, p.6] | 98,262,336 [extracted, p.6] | 103,728,816 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 6,379,107 [derived, p.7] | 7,639,735 [derived, p.7] | 8,609,263 [derived, p.6] |
| deferred revenue (Statement of financial position) | 153,917 [derived, p.7] | 227,194 [derived, p.7] | 373,631 [derived, p.6] |
| current debt and leases (Statement of financial position) | 1,154,974 [derived, p.7] | 1,242,308 [derived, p.7] | 1,247,670 [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) | 7,687,998 [extracted, p.7] | 9,109,237 [extracted, p.7] | 10,230,564 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 14,691,097 [derived, p.7] | 15,567,144 [derived, p.7] | 16,253,552 [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) | 22,379,095 [extracted, p.7] | 24,676,381 [extracted, p.7] | 26,484,116 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 74,332,153 [derived, p.7] | 72,698,188 [derived, p.7] | 76,262,748 [derived, p.7] |
| net assets with donor restrictions (Statement of financial position) | 1,181,622 [derived, p.7] | 887,767 [derived, p.7] | 981,952 [derived, p.7] |
| TOTAL NET ASSETS (Statement of financial position) | 75,513,775 [extracted, p.7] | 73,585,955 [extracted, p.7] | 77,244,700 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 62,259,163 [derived, p.8] | 54,617,384 [derived, p.8] | 56,751,014 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| federal grants (Statement of activities) | 12,566,967 [derived, p.8] | 13,141,570 [derived, p.8] | 18,448,065 [derived, p.8] |
| other grants and contracts (Statement of activities) | 12,786,174 [derived, p.8] | 13,602,415 [derived, p.8] | 12,469,536 [derived, p.8] |
| contributions (Statement of activities) | 1,302,881 [derived, p.8] | 909,902 [derived, p.8] | 1,321,477 [derived, p.8] |
| other revenue (Statement of activities) | 2,875,522 [derived, p.8] | 3,747,547 [derived, p.8] | 3,176,457 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 91,790,707 [extracted, p.8] | 86,018,818 [extracted, p.8] | 92,166,549 [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) | 89,862,887 [derived, p.8] | 89,677,563 [derived, p.8] | 84,278,242 [derived, p.8] |
| TOTAL EXPENSES (Statement of activities) | 89,862,887 [extracted, p.8] | 89,677,563 [extracted, p.8] | 84,278,242 [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) | 1,927,820 [extracted, p.8] | -3,658,745 [extracted, p.8] | 7,888,307 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 73,585,955 [extracted, p.8] | 77,244,700 [extracted, p.8] | 69,356,393 [extracted, p.8] |
| net assets, end (Statement of activities) | 75,513,775 [extracted, p.8] | 73,585,955 [extracted, p.8] | 77,244,700 [extracted, p.8] |

| Ratio | FY ending 2025-03-31 | FY ending 2024-03-31 | FY ending 2023-03-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 6.75x [plausible] | 5.37x [plausible] | 5.25x [plausible] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | 2.1% [plausible] | -4.3% [plausible] | 8.6% [plausible] |
| Patient revenue share | 67.8% [plausible] | 63.5% [plausible] | 61.6% [plausible] |
| Grant dependency | 27.6% [plausible] | 31.1% [plausible] | 33.5% [plausible] |
| Salaries share | absent [not computed] | absent [not computed] | absent [not computed] |
| Days in patient receivables | 140 days [plausible] | 132 days [plausible] | 139 days [plausible] |
| Debt to net assets | 0.21x [plausible] | 0.23x [plausible] | 0.23x [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 (Cherry Street Services, Inc - Cherry Health; 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, "Cherry Street Services, Inc.", https://astrelis.co/providers/health_center/231176, 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.