Hospitals of Regina Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Hospitals of Regina Foundation:
Hospitals of Regina Foundation is a 2-star charity. It has a low results reporting grade and large funding reserves. The charity is financially transparent and has reasonable overhead costs. Before you give, read Charity Intelligence’s report.
Founded in 1987, Hospitals of Regina Foundation (HRF) works to improve healthcare in southern Saskatchewan. HRF provides funds to three hospitals: Pasqua Hospital, Regina General Hospital, and Wascana Rehabilitation Centre.
Hospitals of Regina Foundation primarily reports data regarding the patient care provided by its funded hospitals. HRF reports that in F2021, the hospitals saw 87,054 visits to its emergency rooms, 2,494 visits to the pediatric, and 11,900 visits to the children's program at Wascana Rehab Center. In F2021, the hospitals performed 22,755 surgeries, including 304 open heart surgeries, and 41,245 CT scans.
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Results and Impact
Ci was unable to find any quantified outcome data for Hospitals of Regina Foundation. This may not be a complete representation of Hospitals of Regina Foundation’s results and impact.
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Finances
Hospitals of Regina Foundation received donations of $11.4m in F2021. In F2021, administrative costs are 14% of revenues (excluding investment income) and fundraising costs are 2% of donations. For every dollar donated, 84 cents go to the cause. This is within Charity Intelligence’s reasonable range for overhead spending.
HRF has total funding reserves of $56.9m, of which $9.7m is donor-endowed. Excluding donor-endowed funds, HRF can cover program costs for 21.9 years.
This charity report is an update that has been sent to Hospitals of Regina Foundation for review. Changes and edits may be forthcoming.
Updated on August 18, 2022 by Lin Zhu.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 14.0% | 18.8% | 12.5% |
Fundraising costs as % of donations | 2.2% | 2.5% | 3.1% |
Total overhead spending | 16.2% | 21.3% | 15.7% |
Program cost coverage (%) | 2,190.3% | 2,167.0% | 1,031.2% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 11,408 | 7,909 | 13,456 |
Investment income | 1,553 | 2,571 | 2,667 |
Total revenues | 12,961 | 10,480 | 16,123 |
Program costs | 2,642 | 2,309 | 3,798 |
Administrative costs | 1,599 | 1,483 | 1,686 |
Fundraising costs | 253 | 198 | 423 |
Total spending | 4,495 | 3,990 | 5,907 |
Cash flow from operations | 8,466 | 6,490 | 10,216 |
Capital spending | 121 | 26 | 34 |
Funding reserves | 56,947 | 49,294 | 43,054 |
Note: Ci reports revenues and expenses on a cash basis. Ci has adjusted total donations for changes in deferred pledge revenues, affecting revenues by $1.0m in F2021, ($339k) in F2020, and $1.7m in F2019. An adjustment was made to grants reflecting the distributions to Saskatchewan Health Authority, affecting expenses by $2.6m in F2021, $2.3m in F2020, and $3.8m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
3 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (306) 781-7500