Calgary Health Trust

800, 11012 Macleod Trail SE
Calgary, AB T2J 6A5
CEO: Jill Olynyk
Board Chair: M. Ann McCaig

Website: www.calgaryhealthtrust.ca
Charitable Reg. #: 89383 4697 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: D+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

donor
endowed
Funding Reserves Program Costs

Spending Breakdown

Full-time staff #44

Avg. Compensation $78,564

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 3
$80k - $120k 6
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Calgary Health Trust:

Established in 1996, the Calgary Health Trust (CHT) is the fundraising arm of Alberta Health Services in Calgary.

The Calgary Health Trust raises funds to enhance patient care, acquire new equipment, and improve programs and services at health care organizations in and around Calgary. These include the Foothills Medical Centre, the Peter Lougheed Centre, Rockyview General Hospital, South Health Campus, Women's Health, Carewest continuing care centres, and the University of Calgary's Faculty of Medicine.

In F2015, the Calgary Health Trust's grant costs were $23.7m: $9.5m to the Alberta Health Services, $15.1m to the University of Calgary, $726k to the Prostate Cancer Foundation, and $66k to other organizations. $1.7m was returned to the Calgary Health Trust from previously funded programs not completed or completed at less than quoted prices, or programs no longer exist but the recipient is holding residual dollars.

Financial Review:

In F2015, the Calgary Health Trust administrative costs were 2% of revenues, down from 3% in F2014. Fundraising costs were 61% of donations in F2015, up significantly from 36% in F2014. The Calgary Health Trust changed the reporting of its lotteries in F2015, combining it with special events. As no breakdown was provided for F2015, Ci has included all costs and revenues associated with lotteries in the F2015 fundraising ratio.

The Calgary Health Trust has funding reserves of $102m, including donor-endowed funds of $26m. The funding reserve including donor-endowed funds can cover annual grants for 4.3 years or 3.4 years if excluding donor-endowed funds.

Updated by Ruoxi Gao in 2016, currently under review by the Calgary Health Trust.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 1.6%2.5%2.6%
Fundraising costs as % of donations 61.2%35.5%47.9%
Program cost coverage (%) 427.6%903.9%453.9%

Summary Financial Statements

All figures in $000s
201520142013
Donations 7,88510,9386,924
Government funding 300
Fees for service 3,7165,1535,674
Lotteries (net) 06,1994,864
Special events 29,2692,8693,975
Investment income 3,3683,7092,194
Total revenues 44,24128,86823,631
Grants 23,74911,45419,790
Administrative costs 662619559
Fundraising costs 22,7284,9075,216
Cash flow from operations (2,899)11,889(1,934)
Funding reserves 101,545103,53389,827
Note: Investment management and custodial fees have been deducted from investment income, reducing revenue by $228k in F2015, $717k in F2014, and $641k in F2013.   In F2015, the Calgary Health Trust reported data on lotteries and events together. With no revenue breakdown, Ci considered all revenue from lotteries and events as revenue from events.  With no cost breakdown, Ci lumped all costs for lotteries and events as fundraising costs.  As a result, fundraising costs as a % of revenue were up significantly from 36% in F2014 to 61% in F2015.

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