Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Treasure Coast Community Health, Inc. (the "Center") under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of Treasure Coast Community Health, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Treasure Coast Community Health, Inc.
The Center submits requests for reimbursement to various federal agencies on a periodic basis. At December 31, 2025, the U.S. Department of Health and Human Services did not owe the Center any funds.
In July 2020, the Center obtained an unsecured promissory note (the "EIDL Loan") for $150,000 through the Economic Injury Disaster Loan program ("EIDL") established under the CARES Act and administered by the U.S. Small Business Administration ("SBA"). The EIDL Loan was made through SBA, has a thirty-year term, bears interest at 2.75% per annum, and matures July 2050. The loan was paid in full in the current year and at December 31, 2025, there was no outstanding balance on the EIDL Loan.
The Center did not provide federal awards to any subrecipients during the year ended December 31, 2025.
Federal program expenditures are reported on the consolidated statements of activities. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the Schedule due to program expenditures exceeding grant or contract budget limitations, company matching, or in-kind contributions which are not included as federal awards.