# Virginia Garcia Memorial Health Center - Cornelius

Health Center, OR
Page: https://astrelis.co/providers/health_center/381800  
This twin: https://astrelis.co/providers/health_center/381800.md  
CMS Certification Number (CCN): 381800  
Release: 2321a4fc37a7 (2026-10-22)

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

- **Operating margin (FY2019):** -28.9%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2019):** $46.0M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2019):** +3.2%. 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

### VIRGINIA GARCIA MEDICAL HEALTH CENTER, OR

Match to this profile: matched by name (method: exact name and state (FACLAND tier 1)).

- FY ending 2025-03-31 (audit year 2025): balance sheet foots only; audit as filed https://app.fac.gov/dissemination/summary/2025-03-GSAFAC-0000383190
- FY ending 2024-03-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-03-GSAFAC-0000061022
- FY ending 2023-03-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-03-GSAFAC-0000001513

| Line | FY ending 2025-03-31 | FY ending 2024-03-31 | FY ending 2023-03-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 97,444,892 [derived, p.6] | 92,395,745 [derived, p.6] | 76,972,184 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 8,916,634 [derived, p.6] | 6,869,358 [derived, p.6] | 5,856,342 [derived, p.6] |
| grants and other receivables (Statement of financial position) | 1,157,759 [derived, p.6] | 1,939,106 [derived, p.6] | 1,569,745 [derived, p.6] |
| other current assets (Statement of financial position) | 3,011,004 [derived, p.6] | 886,262 [derived, p.6] | 435,294 [derived, p.6] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 110,530,289 [extracted, p.6] | 102,090,471 [extracted, p.6] | 84,833,565 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 45,392,407 [derived, p.6] | 30,866,271 [derived, p.6] | 26,508,923 [derived, p.6] |
| other long-term assets (Statement of financial position) | 46,781,640 [derived, p.6] | 61,011,102 [derived, p.6] | 28,205,673 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 202,704,336 [extracted, p.6] | 193,967,844 [extracted, p.6] | 139,548,161 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 7,793,257 [derived, p.6] | 7,400,133 [derived, p.6] | 4,026,653 [derived, p.6] |
| deferred revenue (Statement of financial position) | 2,834,312 [derived, p.6] | 2,458,480 [derived, p.6] | 868,488 [derived, p.6] |
| current debt and leases (Statement of financial position) | 1,998,979 [derived, p.6] | 1,868,590 [derived, p.6] | 1,725,617 [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) | 12,626,548 [extracted, p.6] | 11,727,203 [extracted, p.6] | 6,620,758 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 47,273,492 [derived, p.6] | 48,194,354 [derived, p.6] | 29,127,704 [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) | 59,900,040 [extracted, p.6] | 59,921,557 [extracted, p.6] | 35,748,462 [extracted, p.6] |
| net assets without donor restrictions (Statement of financial position) | 139,423,523 [derived, p.6] | 127,408,533 [derived, p.6] | 102,179,982 [derived, p.6] |
| net assets with donor restrictions (Statement of financial position) | 3,380,773 [derived, p.6] | 6,637,754 [derived, p.6] | 1,619,717 [derived, p.6] |
| TOTAL NET ASSETS (Statement of financial position) | 142,804,296 [extracted, p.6] | 134,046,287 [extracted, p.6] | 103,799,699 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 66,907,137 [derived, p.7] | absent (not printed, or not read) | absent (not printed, or not read) |
| 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) | absent (not printed, or not read) | absent (not printed, or not read) |
| other grants and contracts (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| contributions (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other revenue (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 44,020,187 [extracted, p.7] | 98,945,363 [extracted, p.8] | 96,253,282 [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) | 103,712,966 [extracted, p.8] | 84,193,704 [extracted, p.8] | 78,196,600 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | absent (not printed, or not read) | 14,751,659 [extracted, p.8] | 18,056,682 [extracted, p.8] |
| non-operating and other changes (Statement of activities) | 7,459,892 [derived, p.8] | 15,494,929 [derived, p.8] | 452,259 [derived, p.8] |
| CHANGE IN NET ASSETS (Statement of activities) | 8,758,009 [extracted, p.8] | 30,246,588 [extracted, p.8] | 18,508,941 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 134,046,287 [extracted, p.8] | 103,799,699 [extracted, p.8] | 85,290,758 [extracted, p.8] |
| net assets, end (Statement of activities) | 142,804,296 [extracted, p.8] | 134,046,287 [extracted, p.8] | 103,799,699 [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 | 8.75x [plausible] | 8.71x [plausible] | 12.81x [plausible] |
| Operating margin | absent [not computed] | 14.9% [plausible] | 18.8% [plausible] |
| Total margin | 19.9% [plausible] | 30.6% [plausible] | 19.2% [plausible] |
| Patient revenue share | 152.0% [out of range] | absent [not computed] | absent [not computed] |
| 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 | 49 days [plausible] | absent [not computed] | absent [not computed] |
| Debt to net assets | 0.35x [plausible] | 0.37x [plausible] | 0.30x [plausible] |
| Health center award share | absent [not computed] | absent [not computed] | absent [not computed] |

## Sources

Organization not established: no HRSA Uniform Data System organization is attached to this site, so no organization figure is read. CMS HCRIS cost reports, form CMS-224-14, as filed (the Medicare cost-report appendix). Federal Audit Clearinghouse single audits as filed (VIRGINIA GARCIA MEDICAL HEALTH CENTER; 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, "Virginia Garcia Memorial Health Center - Cornelius", https://astrelis.co/providers/health_center/381800, 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.