Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). No successor CCN is recorded. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
Days cash on hand: 26 days in FY2024, the 71st percentile of 12,545 snfs in the FY2024 pool. Total operating revenue: $17.7M in FY2024, the 83rd percentile of 12,904 snfs in the FY2024 pool. Operating margin: -26.2% in FY2024, the 9th percentile of 12,904 snfs in the FY2024 pool. Total margin (including nonoperating): -23.7% in FY2024, the 4th percentile of 12,903 snfs in the FY2024 pool. Figures as filed; not audited by Astrelis.
The read
A skilled nursing facility in Southbury, CT. It ran an operating loss of 26.2% in FY24 on $17.7M of operating revenue. It held 26 days of cash on hand (71st percentile of 12,545 SNFs on liquidity, FY24 pool). Operating margin improved from -28.0% in FY20 to -26.2% in FY24.
Days cash on hand · FY24
26d
all sources
Astrelis calculation · as-filed inputs
▲ 8 days vs FY23
vs SNFs71st pctl of 12,545 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total operating revenue · FY24
$17.7M
Astrelis calculation · as-filed inputs
▲ $2.1M vs FY23
vs SNFs83rd pctl of 12,904 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Operating margin · FY24
-26.2%
Astrelis calculation · as-filed inputs
▲ 22.4 pts vs FY23
vs SNFs9th pctl of 12,904 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total margin · incl. nonoperating · FY24
-23.7%
Astrelis calculation · as-filed inputs
▲ 20.8 pts vs FY23
vs SNFs4th pctl of 12,903 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Where SPRINGS AT THE sits among SNFs
Operating margin · FY24 pool · n = 12,904 of 13,649 filed
Each point is one SNF in the national FY24 distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market; that is the matched-peer comparison in the paid benchmark. The SNF FY24 median is -0.6%. Descriptive context only, not a ranking.
One snfSPRINGS ATSNF median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this skilled nursing facility is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio computes only when every input is reported in the filing (otherwise its cell states which input is Not reported in source); a year whose balance sheet does not reconcile is labeled, and its derived ratios read Astrelis calculation unavailable. Not audited by Astrelis.
Operating margin
-26.2% (FY24)
Operating income ÷ total operating revenue
Astrelis calculation · HCRIS WS G-3
Total margin
-23.7% (FY24)
Net income ÷ total revenue incl. nonoperating
Astrelis calculation · HCRIS WS G-3
Days cash on hand
26d (FY24)
Cash & investments ÷ daily operating expense
Astrelis calculation · HCRIS WS G / G-3
Current ratio
0.54× (FY24)
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
-144% (FY24)
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
14d (FY24)
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
Astrelis calculation · HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
16,560
15,647
17,744
Total operating revenue
16,560
15,647
17,744
Total operating expenses
23,099
23,252
22,401
Operating income
(6,540)
(7,605)
(4,657)
Operating margin %
-39.5%
-48.6%
-26.2%
Other non-operating, net
984
436
358
Net income
(5,556)
(7,169)
(4,299)
Net income %
-31.7%
-44.6%
-23.7%
— = Not reported in source for that year.
HCRIS Worksheet G-3 (SNF) · $ thousands · FY20–FY24 · operating revenue reflects net patient revenue (the SNF form carries no other-operating split) · FY20–21 may include COVID-era relief funding in other income
How it operates
quality & operational context · CMS public reporting
The metrics this skilled nursing facility type is judged on: care quality, patient experience, and scale. Each is labeled by provenance class and public source; descriptive context only, never a ranking or adequacy claim. Provenance labels: Reported value is copied from the named public source; Astrelis calculation is a formula applied to unchanged reported inputs, with the formula shown; Illustrative estimate is a benchmark gap, multiplier, or scenario — never a measurement.
Occupancy
75.6%
Astrelis calculation2024
HCRIS WS S-1 (SNF cost report)
Medicare day share
7.2%
Astrelis calculation2024
HCRIS WS S-1 (SNF cost report)
Medicaid day share
0.0%
Astrelis calculation2024
HCRIS WS S-1 (SNF cost report)
Other payer day share
92.8%
Astrelis calculation2024
HCRIS WS S-1 (SNF cost report)
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this skilled nursing facility serves
NEW HAVEN County, CT
Median household income
Not available
vs $82.1K US · $59.7K rural median
Poverty rate
Not available
vs 12.5% US · 14.3% rural median
Uninsured
Not available
vs 8.6% US · 8.4% rural median
Age 65+
Not available
vs 16.8% US · 20.6% rural median
Fair or poor health
Not available
self-reported, adults · CDC PLACES
Primary-care shortage
Not designated
HRSA HPSA
Economic context: 10.3% of county personal income is Medicare/Medicaid medical benefits; 20.6% arrives as government transfers (BEA, 2022).
Operating margin vs its peer poolFY24Astrelis calculation
Operating margin vs its peer pool: FY24 pool · n = 12,904.
Report coverage: Historical Facility Benchmark. 8 of 17 facility measures available from public sources. This CCN is terminated. The report benchmarks the record's final filed years against their own contemporaneous peer pools and says so on every exhibit; no current-year comparison is implied. The refund guarantee stands: if we cannot deliver the published scope, you pay nothing.
The Board Briefing
The record's final filed years, benchmarked against the peer pools of their own era and labeled so on every exhibit.
$1,000delivered within 2 business days of invoice
Reservation: invoice after coverage confirmation. No payment is collected on this site.
Your facility against its matched peer cohort, every arithmetic benchmark difference dollarized against the cohort median.
$2,500delivered within 30 days of coverage confirmation
Reservation: invoice after coverage confirmation. No payment is collected on this site.
Portfolio Performance Review
A roster-priced triage of the per-facility benchmarks: every facility on your roster, benchmarked and sorted. Requires only a CCN roster.
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Cite this page
release 2321a4fc37a7 · 2026-10-22
Astrelis Atlas, "Springs At The Watermark East Hill", https://astrelis.co/providers/snf/075441, release 2321a4fc37a7 (2026-10-22). Figures as filed in the named public sources; not audited by Astrelis.
Machine-readable twin of this page: astrelis.co/providers/snf/075441.md (Markdown, the same figures with their fiscal years, pools and definitions). Last modified: release 2321a4fc37a7, 2026-10-22. 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.
