Peace Arch Hospital Foundation
White Rock, BC V4B 2R4
Executive Director: Stephanie Beck
Board Chair: Geoff Funke
Charitable Reg. #: 12731 1348 RR0001
Grade: B-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 #14
Avg. Compensation $80,311
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||4|
|$40k - $80k||4|
About Peace Arch Hospital Foundation:
Founded in 1988, Peace Arch Hospital Foundation (PAH Foundation) raises money to improve the health of people in the White Rock/South Surrey area of British Columbia. The majority of grants from the foundation are received by Peace Arch Hospital to fund building upgrades, purchase medical equipment, and improve patient comfort. Each year, the hospital treats more than 50,000 patients in the ER, delivers 1,000 babies, and performs 9,000 surgeries. Based on population growth projections, the hospital will need to increase its number of beds by up to 50% to accommodate demand in 2030.
In F2017, PAH Foundation distributed $1.3 million in grants to the hospital, reporting that approximately $1.0 million is spent on equipment each year. Recent medical equipment purchases include: two newborn incubators, a mobile infant warming unit, a ventilator, two defibrillators, a digital x-ray unit, and a specialized camera used in minimally-invasive surgeries. Money granted to the hospital is also used in building expansions such as the ER expansion which is set to open in 2020. The upgraded department will be three times the current size and have a private triage area, dedicated ambulance entrance, and more treatment areas.
PAH Foundation is in the process of constructing a $10 million hospice and long-term care facility adjacent to the hospital. The building will house 15 hospice beds, 112 beds for 24-hour long-term care, and 73 beds for elders with behavioral issues due to mental illness. Once complete, the building will be leased and operated by the Fraser Health Authority, a healthcare group which includes Peace Arch Hospital.
In F2017, PAH Foundation distributed $78,123 in grants to improve health outside of the hospital. The grants are used to educate people about healthy living and decrease inactivity by creating an accessible, all-ages playground. By providing community grants, PAH Foundation works to prevent hospital visits as an inactive person spends an average of 38% more days in hospital than an active person.
Results and Impact: In F2016, Peace Arch Hospital Foundation raised $800,000 to purchase a new digital x-ray unit. Compared to the old machine, the digital x-ray is faster and provides a better image quality while exposing a patient to less radiation. The new machine has been used to treat 100 additional patients per month.
Peace Arch Hospital Foundation is a Large charity, with donations and special events revenue of $8.2m in F2017. From F2013 through F2016, annual donations were relatively consistent and averaged $3.5m. From F2016 to F2017, donations increased by 200%.
Administrative costs are 11% of revenues and fundraising costs are 17% of donations. For every $1 donated, 72 cents go to the cause, falling within Ci’s reasonable range. The foundation has funding reserves of $45.3m, of which $1.1m is donor-endowed. Funding reserves could cover program costs for over 31 years. This does not indicate a need for funding.
This report is an update that has been sent to Peace Arch Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on July 23, 2018 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||10.5%||17.1%||25.2%|
|Fundraising costs as % of donations||17.1%||24.1%||29.1%|
|Program cost coverage (%)||3,142.6%||3,488.4%||4,743.1%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||516||545||440|
|Cash flow from operations||9,160||1,465||3,775|