Ensuring Sustainable Care for You
This report shows how we manage our finances to provide you with safe, high-quality care. Transparency is our commitment to you.
- Financial year
- Financial Year 2024-2025
- Last updated
- Last updated: 15 January 2025
Our Financial Health
A summary of our financial position and what it means for your care.
Choice Community Health is financially stable.
We are a “going concern”, which means we have the necessary financial resources and planning in place to continue providing your care and services without interruption for the foreseeable future. Our financial management is focused on sustainability, allowing us to invest in our staff, facilities, and the quality of care you receive.
Financial Health Scorecard
These indicators show our ability to meet our financial obligations and manage risk.
Days of operating cash
92 Days
HealthyTarget: 90+ days
Current assets to current liabilities
1.5:1
HealthyTarget: 1.0+ ratio
Total assets to total liabilities
1.8:1
HealthyTarget: 1.5+ ratio
Where Your Funding Goes
Our primary goal is to ensure funding is directed towards safe, high-quality, person-centered care.
Care Expenditure Ratio
Percentage spent directly on care
72%
of every dollar goes to care staff wages and training
This means for every $100 we receive, $72 is invested directly into the people who deliver your care.
Expenditure Breakdown
How we allocate our resources (percentages)
Income & Expenditure Snapshot
A simplified breakdown of our main revenue sources and spending areas (shown as percentages).
Income Sources
Where our funding comes from
Expenditure Areas
How we spend our resources
Our Financial Assurances
Key commitments we make to ensure your care is protected.
90+ Day Cash Reserves
We maintain sufficient cash to operate for at least 90 days.
Positive Net Assets
Our assets exceed our liabilities, ensuring long-term stability.
Annual External Audit
Our accounts are independently audited each year.
70%+ Care Expenditure
The majority of funding goes directly to care delivery.
Understanding This Report
Plain-language definitions of the terms used in this dashboard. If you have questions, we encourage you to contact us.
- Days Cash on Hand
- The number of days the organisation can continue operating using only its current cash reserves.
- Liquidity Ratio
- A measure of ability to pay short-term debts; above 1.0 means more assets than liabilities.
- Solvency Ratio
- A measure of long-term financial stability; above 1.0 means total assets exceed total liabilities.
- Care Expenditure Ratio
- The percentage of total spending that goes directly to care and support services.
Our Commitment to You
We are committed to maintaining a strong financial position to guarantee the continuity and quality of your services. Our financial records are subject to annual external audit to ensure accuracy and compliance with all Australian Accounting Standards and the Financial and Prudential Standards under the Aged Care Act 2024.
Have questions about this report?
Our team is here to help you understand our financial management.
Contact us below or see Understanding This Report for definitions of the terms used.
Contact Us
If you have any questions about this report or our financial management, please reach out.