Hospitals of Regina Foundation
Regina, SK S4P 4B3
President & CEO: Dino Sophocleous
Board Chair: Blair Ross
Charitable Reg. #: 11911 4056 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #0
Avg. Compensation $0
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||2|
|$40k - $80k||7|
About Hospitals of Regina Foundation:
Founded in 1987, the Hospitals of Regina Foundation (HRF) works to improve health care in southern Saskatchewan. HRF raises funds for hospitals in Saskatchewan, notably Regina General Hospital, Pasqua Hospital and Wascana Rehabilitation Centre. It invests in medical equipment and technology, and contributes funds to research and education. In 2015, HRF gave out $8.3m in grants to hospitals.
HRF’s 4 main focus areas are respiratory diseases, cancer care, heart diseases and neonatal care. Hospitals of Regina Foundation reports that it assessed 1,200 men in its prostate cancer centre and funded more than 15,000 MRI tests. The charity also conducted 5,500 lung tests and monitored heart rates of 5,000 patients with heart problems. Last year, HRF trained 3,265 medical students in handling high risk situations. The number of medical students has been going up by 10-20% each year. The insurance company, Group Medical Services, has been a prime donor to HRF in the past years. GMS has contributed $1.5m to research to date. In March 2015, Hospitals of Regina Foundation opened up a new heart care clinic in partnership with GMS.
Hospitals of Regina Foundation is a medium-sized charity with donations of $2.7m in F2015. Administrative costs are 25% of revenues and fundraising costs are 10% of donations. Total overhead costs come to 35% and fall within Ci’s reasonable range. HRF has total funding reserves of $21.9m that can cover program costs for 2.6 years. Excluding donor-endowed funds, funding reserves cover program costs for 1.9 years.
This charity report is an update that is being reviewed by Hospitals of Regina Foundation. Changes and edits may be forthcoming.
Updated on May 30th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||25.2%||26.0%||13.4%|
|Fundraising costs as % of donations||9.8%||9.9%||5.8%|
|Program cost coverage (%)||262.5%||217.5%||415.6%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(3,494)||(3,952)||4,208|