# Thunder Bay Community Health Service, Inc.

Health Center, MI
Page: https://astrelis.co/providers/health_center/231808  
This twin: https://astrelis.co/providers/health_center/231808.md  
CMS Certification Number (CCN): 231808  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Total patients (UDS) (FY2024):** 19,598. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2025):** -20.1%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 29. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 8.6%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $28.0M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +5.7%. 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

### Thunder Bay Community Health Services, MI

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 2025-02-28 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-02-GSAFAC-0000381176
- FY ending 2024-02-29 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-02-GSAFAC-0000054208
- FY ending 2023-02-28 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-02-GSAFAC-0000000353

| Line | FY ending 2025-02-28 | FY ending 2024-02-29 | FY ending 2023-02-28 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 9,081,194 [derived, p.7] | 8,246,817 [derived, p.7] | 5,643,986 [derived, p.7] |
| patient receivables, net (Statement of financial position) | 3,136,342 [derived, p.7] | 2,779,804 [derived, p.7] | 1,804,892 [derived, p.7] |
| grants and other receivables (Statement of financial position) | 523,640 [derived, p.7] | 312,171 [derived, p.7] | 551,107 [derived, p.7] |
| other current assets (Statement of financial position) | 487,993 [derived, p.7] | 690,722 [derived, p.7] | 500,175 [derived, p.7] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 13,229,169 [extracted, p.7] | 12,029,514 [extracted, p.7] | 8,500,160 [extracted, p.7] |
| property and equipment, net (Statement of financial position) | 11,056,758 [derived, p.7] | 10,384,067 [derived, p.7] | 10,663,786 [derived, p.7] |
| other long-term assets (Statement of financial position) | 568,983 [derived, p.7] | 530,895 [derived, p.7] | 375,189 [derived, p.7] |
| TOTAL ASSETS (Statement of financial position) | 24,854,910 [extracted, p.7] | 22,944,476 [extracted, p.7] | 19,539,135 [extracted, p.7] |
| payables and accrued expenses (Statement of financial position) | 1,414,063 [derived, p.7] | 1,435,168 [derived, p.7] | 1,203,315 [derived, p.7] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | 103,699 [derived, p.7] | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | 573,400 [derived, p.7] | 742,335 [derived, p.7] | 655,205 [derived, p.7] |
| 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) | 1,987,463 [extracted, p.7] | 2,281,202 [extracted, p.7] | 1,858,520 [extracted, p.7] |
| long-term debt and leases (Statement of financial position) | 2,183,381 [derived, p.7] | 2,858,464 [derived, p.7] | 3,086,821 [derived, p.7] |
| other long-term liabilities (Statement of financial position) | 553,935 [derived, p.7] | 454,401 [derived, p.7] | 455,959 [derived, p.7] |
| TOTAL LIABILITIES (Statement of financial position) | 4,724,779 [extracted, p.7] | 5,594,067 [extracted, p.7] | 5,401,300 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 20,122,829 [derived, p.7] | 17,344,200 [derived, p.7] | 14,137,835 [derived, p.7] |
| net assets with donor restrictions (Statement of financial position) | 7,302 [derived, p.7] | 6,209 [derived, p.7] | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 20,130,131 [extracted, p.7] | 17,350,409 [extracted, p.7] | 14,137,835 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 15,398,198 [derived, p.8] | 14,654,663 [derived, p.8] | 11,531,057 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | 13,334,235 [derived, p.8] | 10,387,864 [derived, p.8] | 8,882,464 [derived, p.8] |
| federal grants (Statement of activities) | 3,900,507 [derived, p.8] | 4,804,037 [derived, p.8] | 4,866,091 [derived, p.8] |
| other grants and contracts (Statement of activities) | 2,904,873 [derived, p.8] | 1,984,417 [derived, p.8] | 1,592,714 [derived, p.8] |
| contributions (Statement of activities) | 124,897 [derived, p.8] | 102,745 [derived, p.8] | 108,595 [derived, p.8] |
| other revenue (Statement of activities) | 653,529 [derived, p.8] | 810,869 [derived, p.8] | 402,776 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 36,316,239 [extracted, p.8] | 32,744,595 [extracted, p.8] | 27,383,697 [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) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL EXPENSES (Statement of activities) | 33,633,640 [extracted, p.8] | 29,582,211 [extracted, p.8] | 26,098,297 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | 2,682,599 [extracted, p.8] | 3,162,384 [extracted, p.8] | 1,285,400 [extracted, p.8] |
| non-operating and other changes (Statement of activities) | 97,123 [derived, p.8] | 50,190 [derived, p.8] | 6,174 [derived, p.8] |
| CHANGE IN NET ASSETS (Statement of activities) | 2,779,722 [extracted, p.8] | 3,212,574 [extracted, p.8] | 1,291,574 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 17,350,409 [extracted, p.8] | 14,137,835 [extracted, p.8] | 12,846,261 [extracted, p.8] |
| net assets, end (Statement of activities) | 20,130,131 [extracted, p.8] | 17,350,409 [extracted, p.8] | 14,137,835 [extracted, p.8] |

| Ratio | FY ending 2025-02-28 | FY ending 2024-02-29 | FY ending 2023-02-28 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 6.66x [plausible] | 5.27x [plausible] | 4.57x [plausible] |
| Operating margin | 7.4% [plausible] | 9.7% [plausible] | 4.7% [plausible] |
| Total margin | 7.7% [plausible] | 9.8% [plausible] | 4.7% [plausible] |
| Patient revenue share | 42.4% [plausible] | 44.8% [plausible] | 42.1% [plausible] |
| Grant dependency | 18.7% [plausible] | 20.7% [plausible] | 23.6% [plausible] |
| Salaries share | absent [not computed] | absent [not computed] | absent [not computed] |
| Days in patient receivables | 74 days [plausible] | 69 days [plausible] | 57 days [plausible] |
| Debt to net assets | 0.14x [plausible] | 0.21x [plausible] | 0.26x [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 (Thunder Bay Community Health Services; 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, "Thunder Bay Community Health Service, Inc.", https://astrelis.co/providers/health_center/231808, 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.