# Packard Health, Inc.

Health Center, MI
Page: https://astrelis.co/providers/health_center/231189  
This twin: https://astrelis.co/providers/health_center/231189.md  
CMS Certification Number (CCN): 231189  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2023 to 2024)

Filings that are not a full fiscal year: FY2023 covers 261 days. These years sit in no comparison pool.

- **Total patients (UDS) (FY2024):** 15,486. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total visits (all service types) (FY2024):** 39,098. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 7. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 3.0%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2024):** -68.0%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2024):** $9.5M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2024):** -3.4%. 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

### Packard Health, Inc., MI

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

- FY ending 2025-08-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-08-GSAFAC-0000400569
- FY ending 2024-08-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-08-GSAFAC-0000344244
- FY ending 2023-08-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-08-GSAFAC-0000020256

| Line | FY ending 2025-08-31 | FY ending 2024-08-31 | FY ending 2023-08-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 6,266,889 [derived, p.5] | 5,760,413 [derived, p.5] | 6,965,896 [derived, p.5] |
| patient receivables, net (Statement of financial position) | 892,868 [derived, p.5] | 1,012,353 [derived, p.5] | 796,974 [derived, p.5] |
| grants and other receivables (Statement of financial position) | 1,896,212 [derived, p.5] | 1,148,868 [derived, p.5] | 649,437 [derived, p.5] |
| other current assets (Statement of financial position) | 661,412 [derived, p.5] | 567,027 [derived, p.5] | 322,783 [derived, p.5] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 9,717,381 [extracted, p.5] | 8,488,661 [extracted, p.5] | 8,735,090 [extracted, p.5] |
| property and equipment, net (Statement of financial position) | 8,811,547 [derived, p.5] | 8,996,155 [derived, p.5] | 8,991,054 [derived, p.5] |
| other long-term assets (Statement of financial position) | 298,814 [derived, p.5] | 581,154 [derived, p.5] | 714,773 [derived, p.5] |
| TOTAL ASSETS (Statement of financial position) | 18,827,742 [extracted, p.5] | 18,065,970 [extracted, p.5] | 18,440,917 [extracted, p.5] |
| payables and accrued expenses (Statement of financial position) | 1,026,059 [derived, p.6] | 844,158 [derived, p.6] | 617,225 [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) | 257,088 [derived, p.6] | 243,421 [derived, p.6] | 230,361 [derived, p.6] |
| other current liabilities (Statement of financial position) | 290,844 [derived, p.6] | 200,000 [derived, p.6] | 50,000 [derived, p.6] |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 1,573,991 [extracted, p.6] | 1,287,579 [extracted, p.6] | 897,586 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 1,856,367 [derived, p.6] | 2,113,455 [derived, p.6] | 2,356,876 [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) | 3,430,358 [extracted, p.6] | 3,401,034 [extracted, p.6] | 3,254,462 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 15,182,402 [derived, p.6] | 14,283,026 [derived, p.6] | 14,704,108 [derived, p.6] |
| net assets with donor restrictions (Statement of financial position) | 214,982 [derived, p.6] | 381,910 [derived, p.6] | 482,347 [derived, p.6] |
| TOTAL NET ASSETS (Statement of financial position) | 15,397,384 [extracted, p.6] | 14,664,936 [extracted, p.6] | 15,186,455 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 8,119,684 [derived, p.7] | 7,322,113 [derived, p.7] | 6,351,987 [derived, p.7] |
| pharmacy and 340B revenue (Statement of activities) | 4,316,075 [derived, p.7] | 2,488,987 [derived, p.7] | 138,511 [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) | 5,448,554 [derived, p.7] | 4,143,780 [derived, p.7] | 4,601,469 [derived, p.7] |
| contributions (Statement of activities) | 1,896,548 [derived, p.7] | 1,130,361 [derived, p.7] | 1,418,290 [derived, p.7] |
| other revenue (Statement of activities) | 2,842 [derived, p.7] | 45,539 [derived, p.7] | 170 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 19,783,703 [extracted, p.7] | 15,130,780 [extracted, p.7] | 12,510,427 [extracted, p.7] |
| 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) | 19,270,166 [extracted, p.7] | 15,943,999 [extracted, p.7] | 12,570,870 [extracted, p.7] |
| OPERATING RESULT (Statement of activities) | 513,537 [extracted, p.7] | -813,219 [extracted, p.7] | -60,443 [extracted, p.7] |
| non-operating and other changes (Statement of activities) | 218,911 [derived, p.7] | 291,700 [derived, p.7] | 196,869 [derived, p.7] |
| CHANGE IN NET ASSETS (Statement of activities) | 732,448 [extracted, p.7] | -521,519 [extracted, p.7] | 136,426 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 14,664,936 [extracted, p.7] | 15,186,455 [extracted, p.7] | 15,050,029 [extracted, p.7] |
| net assets, end (Statement of activities) | 15,397,384 [extracted, p.7] | 14,664,936 [extracted, p.7] | 15,186,455 [extracted, p.7] |

| Ratio | FY ending 2025-08-31 | FY ending 2024-08-31 | FY ending 2023-08-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 6.17x [plausible] | 6.59x [plausible] | 9.73x [plausible] |
| Operating margin | 2.6% [plausible] | -5.4% [plausible] | -0.5% [plausible] |
| Total margin | 3.7% [plausible] | -3.4% [plausible] | 1.1% [plausible] |
| Patient revenue share | 41.0% [plausible] | 48.4% [plausible] | 50.8% [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 | 40 days [plausible] | 51 days [plausible] | 46 days [plausible] |
| Debt to net assets | 0.14x [plausible] | 0.16x [plausible] | 0.17x [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 (Packard 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, "Packard Health, Inc.", https://astrelis.co/providers/health_center/231189, 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.