# Ocean Health Initiatives, Inc.

Health Center, NJ
Page: https://astrelis.co/providers/health_center/311842  
This twin: https://astrelis.co/providers/health_center/311842.md  
CMS Certification Number (CCN): 311842  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Operating margin (FY2025):** -43.9%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $19.4M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +20.7%. 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

### OCEAN HEALTH INITIATIVES, INC., NJ

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-0000429695
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000378101
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000050381

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 15,306,409 [derived, p.5] | 8,741,732 [derived, p.5] | 5,011,658 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 6,264,566 [derived, p.5] | 4,860,324 [derived, p.5] | 4,531,500 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 603,789 [derived, p.5] | 353,379 [derived, p.5] | 362,980 [derived, p.6] |
| other current assets (Statement of financial position) | 311,099 [derived, p.5] | 284,965 [derived, p.5] | 481,768 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 22,485,863 [extracted, p.5] | 14,240,400 [extracted, p.5] | 10,387,906 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 11,774,117 [derived, p.5] | 11,832,293 [derived, p.5] | 12,584,058 [derived, p.6] |
| other long-term assets (Statement of financial position) | 1,789,941 [derived, p.5] | 1,415,941 [derived, p.5] | 2,297,801 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 36,049,921 [extracted, p.5] | 27,488,634 [extracted, p.5] | 25,269,765 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 3,487,843 [derived, p.5] | 2,235,683 [derived, p.5] | 2,914,584 [derived, p.6] |
| deferred revenue (Statement of financial position) | 2,331 [derived, p.5] | 87,957 [derived, p.5] | 150,000 [derived, p.6] |
| current debt and leases (Statement of financial position) | 673,638 [derived, p.5] | 689,625 [derived, p.5] | 1,301,653 [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) | 4,163,812 [extracted, p.5] | 3,013,265 [extracted, p.5] | 4,366,237 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 8,397,623 [derived, p.5] | 8,311,362 [derived, p.5] | 8,993,508 [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) | 12,561,435 [extracted, p.5] | 11,324,627 [extracted, p.5] | 13,359,745 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 23,488,486 [derived, p.5] | 16,164,007 [derived, p.5] | 11,910,020 [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) | 23,488,486 [extracted, p.5] | 16,164,007 [extracted, p.5] | 11,910,020 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 19,374,754 [derived, p.6] | 16,622,428 [derived, p.6] | 14,140,807 [derived, p.7] |
| 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) | absent (not printed, or not read) | 4,304,905 [derived, p.6] | 4,406,930 [derived, p.7] |
| other grants and contracts (Statement of activities) | 8,911,786 [derived, p.6] | 3,330,182 [derived, p.6] | 3,722,586 [derived, p.7] |
| contributions (Statement of activities) | 1,605,958 [derived, p.6] | 1,847,495 [derived, p.6] | 1,723,489 [derived, p.7] |
| other revenue (Statement of activities) | 5,226,834 [derived, p.6] | 4,290,988 [derived, p.6] | 3,493,512 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 35,119,332 [extracted, p.6] | 30,395,998 [extracted, p.6] | 27,487,324 [extracted, p.7] |
| salaries and benefits (Statement of activities) | 14,713,039 [derived, p.6] | 15,244,922 [derived, p.6] | 18,956,674 [derived, p.7] |
| 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) | 386,433 [derived, p.6] | 436,559 [derived, p.6] | 453,136 [derived, p.7] |
| other expenses (Statement of activities) | 11,953,083 [derived, p.6] | 9,683,088 [derived, p.6] | 9,413,425 [derived, p.7] |
| TOTAL EXPENSES (Statement of activities) | 27,052,555 [extracted, p.6] | 25,364,569 [extracted, p.6] | 28,823,235 [extracted, p.7] |
| OPERATING RESULT (Statement of activities) | 8,066,777 [extracted, p.6] | 5,031,429 [extracted, p.6] | -1,335,911 [extracted, p.7] |
| non-operating and other changes (Statement of activities) | -742,298 [derived, p.6] | -777,442 [derived, p.6] | -713,542 [derived, p.7] |
| CHANGE IN NET ASSETS (Statement of activities) | 7,324,479 [extracted, p.6] | 4,253,987 [extracted, p.6] | -2,049,453 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 16,164,007 [extracted, p.6] | 11,910,020 [extracted, p.6] | 13,959,473 [extracted, p.7] |
| net assets, end (Statement of activities) | 23,488,486 [extracted, p.6] | 16,164,007 [extracted, p.6] | 11,910,020 [extracted, p.7] |

| Ratio | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 5.40x [plausible] | 4.73x [plausible] | 2.38x [plausible] |
| Operating margin | 23.0% [plausible] | 16.6% [plausible] | -4.9% [plausible] |
| Total margin | 20.9% [plausible] | 14.0% [plausible] | -7.5% [plausible] |
| Patient revenue share | 55.2% [plausible] | 54.7% [plausible] | 51.4% [plausible] |
| Grant dependency | absent [not computed] | 25.1% [plausible] | 29.6% [plausible] |
| Salaries share | 54.4% [plausible] | 60.1% [plausible] | 65.8% [plausible] |
| Days in patient receivables | 118 days [plausible] | 107 days [plausible] | 117 days [plausible] |
| Debt to net assets | 0.39x [plausible] | 0.56x [plausible] | 0.86x [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 (OCEAN HEALTH INITIATIVES, 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, "Ocean Health Initiatives, Inc.", https://astrelis.co/providers/health_center/311842, 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.