Hospitals of Regina Foundation

#225 - 1874 Scarth Street
Regina, SK S4P 4B3
Board Chair: Tafaline Wall
President & CEO: Dino Sophocleous

Charitable Reg. #:11911 4056 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

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 giveread Charity Intelligences 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


Financial Ratios

Fiscal year ending December
202120202019
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 Statements

All figures in $000s
202120202019
Donations 11,4087,90913,456
Investment income 1,5532,5712,667
Total revenues 12,96110,48016,123
Program costs 2,6422,3093,798
Administrative costs 1,5991,4831,686
Fundraising costs 253198423
Total spending 4,4953,9905,907
Cash flow from operations 8,4666,49010,216
Capital spending 1212634
Funding reserves 56,94749,29443,054

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

Full-time staff: 14

Avg. compensation: $87,690

Top 10 staff salary range:

$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

Website: www.hrf.sk.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (306) 781-7500

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