# Stedman-Wade Health Services, Inc.

Health Center, NC
Page: https://astrelis.co/providers/health_center/341824  
This twin: https://astrelis.co/providers/health_center/341824.md  
CMS Certification Number (CCN): 341824  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Total patients (UDS) (FY2024):** 7,438. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total visits (all service types) (FY2024):** 22,928. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 5. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 21.5%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2025):** -83.2%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $4.6M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +0.3%. 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

### Stedman-Wade Health Services, Inc., NC

Match to this profile: shared CCN: more than one filed organization claims this certification number (method: exact name and state (FACLAND tier 1)).

- FY ending 2025-01-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-01-GSAFAC-0000385574

| Line | FY ending 2025-01-31 |
|---|---:|
| cash and investments (current) (Statement of financial position) | 1,189,444 [derived, p.5] |
| patient receivables, net (Statement of financial position) | 415,064 [derived, p.5] |
| grants and other receivables (Statement of financial position) | 118,037 [derived, p.5] |
| other current assets (Statement of financial position) | 12,601 [derived, p.5] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 1,735,146 [extracted, p.5] |
| property and equipment, net (Statement of financial position) | 6,064,360 [derived, p.5] |
| other long-term assets (Statement of financial position) | 1,943,256 [derived, p.5] |
| TOTAL ASSETS (Statement of financial position) | 9,742,762 [extracted, p.5] |
| payables and accrued expenses (Statement of financial position) | 678,014 [derived, p.5] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | absent (not printed, or not read) |
| other current liabilities (Statement of financial position) | absent (not printed, or not read) |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 678,014 [extracted, p.5] |
| long-term debt and leases (Statement of financial position) | 300,508 [derived, p.5] |
| other long-term liabilities (Statement of financial position) | absent (not printed, or not read) |
| TOTAL LIABILITIES (Statement of financial position) | 978,522 [extracted, p.5] |
| net assets without donor restrictions (Statement of financial position) | 8,764,240 [derived, p.5] |
| net assets with donor restrictions (Statement of financial position) | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 8,764,240 [extracted, p.5] |
| patient service revenue, net (Statement of activities) | 4,629,181 [derived, p.6] |
| pharmacy and 340B revenue (Statement of activities) | absent (not printed, or not read) |
| federal grants (Statement of activities) | absent (not printed, or not read) |
| other grants and contracts (Statement of activities) | 2,170,282 [derived, p.6] |
| contributions (Statement of activities) | 236,203 [derived, p.6] |
| other revenue (Statement of activities) | 1,567,698 [derived, p.6] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 8,603,364 [extracted, p.6] |
| salaries and benefits (Statement of activities) | absent (not printed, or not read) |
| supplies and pharmaceuticals (Statement of activities) | absent (not printed, or not read) |
| purchased and professional services (Statement of activities) | absent (not printed, or not read) |
| occupancy (Statement of activities) | absent (not printed, or not read) |
| depreciation and amortization (Statement of activities) | absent (not printed, or not read) |
| interest (Statement of activities) | absent (not printed, or not read) |
| other expenses (Statement of activities) | 8,459,040 [derived, p.6] |
| TOTAL EXPENSES (Statement of activities) | 8,459,040 [extracted, p.6] |
| OPERATING RESULT (Statement of activities) | absent (not printed, or not read) |
| non-operating and other changes (Statement of activities) | absent (not printed, or not read) |
| CHANGE IN NET ASSETS (Statement of activities) | 144,324 [extracted, p.6] |
| net assets, beginning (Statement of activities) | 8,619,916 [extracted, p.6] |
| net assets, end (Statement of activities) | 8,764,240 [extracted, p.6] |

| Ratio | FY ending 2025-01-31 |
|---|---:|
| Days cash on hand | absent [not computed] |
| Current ratio | 2.56x [plausible] |
| Operating margin | absent [not computed] |
| Total margin | 1.7% [plausible] |
| Patient revenue share | 53.8% [plausible] |
| Grant dependency | absent [not computed] |
| Salaries share | absent [not computed] |
| Days in patient receivables | 33 days [plausible] |
| Debt to net assets | absent [not computed] |
| Health center award share | absent [not computed] |

### Stedman-Wade Health Services, Inc., NC

Match to this profile: shared CCN: more than one filed organization claims this certification number (method: exact name and state (FACLAND tier 1)).

- FY ending 2024-01-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-01-GSAFAC-0000370198
- FY ending 2023-01-31 (audit year 2023): income statement foots only; audit as filed https://app.fac.gov/dissemination/summary/2023-01-GSAFAC-0000001524
- FY ending 2022-01-31 (audit year 2022): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2022-01-CENSUS-0000082240

| Line | FY ending 2024-01-31 | FY ending 2023-01-31 | FY ending 2022-01-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 3,412,408 [derived, p.5] | 3,047,025 [derived, p.6] | 1,701,911 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 373,457 [derived, p.5] | 251,451 [derived, p.6] | 208,098 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 62,897 [derived, p.5] | 21,176 [derived, p.6] | 8,079 [derived, p.6] |
| other current assets (Statement of financial position) | 11,873 [derived, p.5] | 5,630 [derived, p.6] | 5,401 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 3,860,635 [extracted, p.5] | 3,325,282 [extracted, p.6] | 1,923,489 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 5,795,566 [derived, p.5] | 5,194,933 [derived, p.6] | 4,724,790 [derived, p.6] |
| other long-term assets (Statement of financial position) | 446,031 [derived, p.5] | 389,239 [derived, p.6] | 163,160 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 10,102,232 [extracted, p.5] | 8,909,454 [extracted, p.6] | 6,811,439 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 570,833 [derived, p.5] | 540,964 [derived, p.6] | 429,901 [derived, p.6] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | 230,711 [derived, p.6] | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | 610,976 [derived, p.5] | 260,780 [derived, p.6] | 312,584 [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) | 1,181,809 [extracted, p.5] | absent (not printed, or not read) | absent (not printed, or not read) |
| long-term debt and leases (Statement of financial position) | 300,506 [derived, p.5] | absent (not printed, or not read) | absent (not printed, or not read) |
| 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) | 1,482,315 [extracted, p.5] | 1,032,455 [extracted, p.6] | 742,485 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 8,619,917 [derived, p.5] | 7,876,998 [derived, p.6] | 6,068,955 [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) | 8,619,917 [extracted, p.5] | 6,639,644 [extracted, p.6] | 4,500,371 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 3,830,675 [derived, p.6] | 7,319,992 [derived, p.7] | 6,443,968 [derived, p.7] |
| pharmacy and 340B revenue (Statement of activities) | 859,851 [derived, p.6] | 656,335 [derived, p.7] | 668,963 [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) | 2,915,507 [derived, p.6] | 4,046,106 [derived, p.7] | 3,833,609 [derived, p.7] |
| contributions (Statement of activities) | 1,644,302 [derived, p.6] | 259,586 [derived, p.7] | 181,058 [derived, p.7] |
| other revenue (Statement of activities) | 338,990 [derived, p.6] | 181,361 [derived, p.7] | 68,920 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 9,589,325 [extracted, p.6] | 9,387,966 [extracted, p.7] | 8,008,777 [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) | 7,676,489 [derived, p.6] | 7,248,692 [derived, p.7] | 6,072,407 [derived, p.7] |
| TOTAL EXPENSES (Statement of activities) | 7,676,489 [extracted, p.6] | 7,248,692 [extracted, p.7] | 6,072,406 [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) | 1,912,836 [extracted, p.6] | 2,139,274 [extracted, p.7] | 1,936,371 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 6,707,081 [extracted, p.6] | 4,500,370 [extracted, p.7] | 2,563,999 [extracted, p.7] |
| net assets, end (Statement of activities) | 8,619,917 [extracted, p.6] | 6,639,644 [extracted, p.7] | 4,500,371 [extracted, p.7] |

| Ratio | FY ending 2024-01-31 | FY ending 2023-01-31 | FY ending 2022-01-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 3.27x [plausible] | absent [not computed] | absent [not computed] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | 19.9% [plausible] | 22.8% [plausible] | 24.2% [plausible] |
| Patient revenue share | 39.9% [plausible] | 78.0% [plausible] | 80.5% [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 | 36 days [plausible] | 13 days [plausible] | 12 days [plausible] |
| Debt to net assets | 0.11x [plausible] | absent [not computed] | absent [not computed] |
| 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 (Stedman-Wade Health Services, Inc.; Stedman-Wade Health Services, 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, "Stedman-Wade Health Services, Inc.", https://astrelis.co/providers/health_center/341824, 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.