# Watts Healthcare Corporation

Health Center, CA
Page: https://astrelis.co/providers/health_center/551971  
This twin: https://astrelis.co/providers/health_center/551971.md  
CMS Certification Number (CCN): 551971  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2019 to 2024)

- **Total patients (UDS) (FY2024):** 15,376. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Operating margin (FY2024):** -97.7%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Service sites (FY2024):** 3. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Uninsured patient share (FY2024):** 16.8%. Illustrative estimate. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2024):** $22.2M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2024):** -2.7%. 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

### WATTS HEALTHCARE CORP, CA

Match to this profile: identifier verified: the EIN the dataset carries for this CCN agrees with the filed EIN (method: address and ZIP (FACLAND tier 3)).

- FY ending 2025-12-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-12-GSAFAC-0000431158
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000381072
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000058566

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 14,478,082 [derived, p.6] | 7,360,616 [derived, p.7] | 18,383,220 [derived, p.7] |
| patient receivables, net (Statement of financial position) | 2,519,997 [derived, p.6] | 1,622,428 [derived, p.7] | 1,371,452 [derived, p.7] |
| grants and other receivables (Statement of financial position) | 4,142,196 [derived, p.6] | 6,672,141 [derived, p.7] | 2,288,060 [derived, p.7] |
| other current assets (Statement of financial position) | 239,287 [derived, p.6] | 562,445 [derived, p.7] | 501,310 [derived, p.7] |
| TOTAL CURRENT ASSETS (Statement of financial position) | 21,379,562 [extracted, p.6] | 16,217,630 [extracted, p.7] | 22,544,042 [extracted, p.7] |
| property and equipment, net (Statement of financial position) | 9,877,682 [derived, p.6] | 10,093,561 [derived, p.7] | 9,626,943 [derived, p.7] |
| other long-term assets (Statement of financial position) | 1,230,461 [derived, p.6] | 1,992,699 [derived, p.7] | 2,417,131 [derived, p.7] |
| TOTAL ASSETS (Statement of financial position) | 32,487,705 [extracted, p.6] | 28,303,890 [extracted, p.7] | 34,588,116 [extracted, p.7] |
| payables and accrued expenses (Statement of financial position) | 2,845,159 [derived, p.6] | 4,819,767 [derived, p.7] | 5,613,239 [derived, p.7] |
| 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) | 1,216,979 [derived, p.6] | 944,771 [derived, p.7] | 4,164,880 [derived, p.7] |
| other current liabilities (Statement of financial position) | 4,735,311 [derived, p.6] | 794,373 [derived, p.7] | 2,722,305 [derived, p.7] |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 8,797,449 [extracted, p.6] | 6,558,911 [extracted, p.7] | 12,500,424 [extracted, p.7] |
| long-term debt and leases (Statement of financial position) | 236,309 [derived, p.6] | 641,036 [derived, p.7] | 1,159,804 [derived, p.7] |
| other long-term liabilities (Statement of financial position) | 670,007 [derived, p.6] | 1,333,333 [derived, p.7] | absent (not printed, or not read) |
| TOTAL LIABILITIES (Statement of financial position) | 9,703,765 [extracted, p.6] | 8,533,280 [extracted, p.7] | 13,660,228 [extracted, p.7] |
| net assets without donor restrictions (Statement of financial position) | 17,783,940 [derived, p.6] | 19,770,610 [derived, p.7] | 20,927,888 [derived, p.7] |
| net assets with donor restrictions (Statement of financial position) | 5,000,000 [derived, p.6] | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 22,783,940 [extracted, p.6] | 19,770,610 [extracted, p.7] | 20,927,888 [extracted, p.7] |
| patient service revenue, net (Statement of activities) | 26,563,019 [derived, p.7] | 21,241,131 [derived, p.8] | 18,109,102 [derived, p.8] |
| pharmacy and 340B revenue (Statement of activities) | 727,884 [derived, p.7] | 909,523 [derived, p.8] | 1,375,872 [derived, p.8] |
| 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) | 15,707,472 [derived, p.7] | 14,913,934 [derived, p.8] | 16,727,405 [derived, p.8] |
| contributions (Statement of activities) | 15,568 [derived, p.7] | 44,544 [derived, p.8] | 268,933 [derived, p.8] |
| other revenue (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | 455,939 [derived, p.8] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 43,013,943 [extracted, p.7] | 37,109,132 [extracted, p.8] | 36,937,251 [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) | 38,137,707 [extracted, p.7] | 43,784,572 [extracted, p.8] | 38,105,438 [extracted, p.8] |
| OPERATING RESULT (Statement of activities) | 4,876,236 [extracted, p.7] | -6,675,440 [extracted, p.8] | absent (not printed, or not read) |
| non-operating and other changes (Statement of activities) | 272,818 [derived, p.7] | 5,518,167 [derived, p.8] | absent (not printed, or not read) |
| CHANGE IN NET ASSETS (Statement of activities) | 5,149,054 [extracted, p.7] | -1,157,273 [extracted, p.8] | -1,168,187 [extracted, p.8] |
| net assets, beginning (Statement of activities) | 17,634,886 [extracted, p.7] | 20,927,883 [extracted, p.8] | 22,096,075 [extracted, p.8] |
| net assets, end (Statement of activities) | 22,783,940 [extracted, p.7] | 19,770,610 [extracted, p.8] | 20,927,888 [extracted, p.8] |

| 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 | 2.43x [plausible] | 2.47x [plausible] | 1.80x [plausible] |
| Operating margin | 11.3% [plausible] | -18.0% [plausible] | absent [not computed] |
| Total margin | 12.0% [plausible] | -3.1% [plausible] | -3.2% [plausible] |
| Patient revenue share | 61.8% [plausible] | 57.2% [plausible] | 49.0% [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 | 35 days [plausible] | 28 days [plausible] | 28 days [plausible] |
| Debt to net assets | 0.06x [plausible] | 0.08x [plausible] | 0.25x [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 (WATTS HEALTHCARE CORP; 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, "Watts Healthcare Corporation", https://astrelis.co/providers/health_center/551971, 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.