Lloydminster Region Health 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.
D
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.
28%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 28 cents are available for programs.
My anchor
OVERVIEW
About Lloydminster Region Health Foundation:
Lloydminster Region Health Foundation is a 1-star charity. Its results reporting grade is a D. Even though it is financially transparent, its overhead costs are well outside Ci’s reasonable range. Before you give, read Ci’s report.
Founded in 1983, Lloydminster Region Health Foundation (LRHF) raises funds for public healthcare in Lloydminster, Saskatchewan. The community is situated on the border with Alberta and serves Albertans under contract with Alberta Health Services. The charity also supports Project Sunrise, a mental health initiative. LRHF reports that one in five Albertans experience mental health concerns or addiction; this number becomes one in three in Lloydminster. LRHF runs events, such as galas and dodgeball tournaments, to fundraise.
In F2023, the charity provided $956k in grants. Its audited financial statements break down its expenditure as follows: 52% towards greatest needs, 29% towards community care, 28% towards acute care, and 1% towards continuing care. It also provides scholarships to students pursuing nursing, general health, or professional development education.
My anchor
Results and Impact
Charity Intelligence could not find any quantified outcomes from LRHF’s publicly reported information.
This charity is currently not rated on impact (n/r).
My anchor
Finances
Lloydminster Region Health Foundation received $1.2m in donations and special events revenue in F2023. It also received $88k in donated goods-in-kind. Administrative costs are 32% of revenues, less investment income. Fundraising costs are 40% of donations. Total overhead spending is 72%. For every dollar donated, 28 cents are available to go to the cause. This is well outside Ci’s reasonable range for overhead spending.
LRHF had $3.5m in net funding reserves in F2023. Of these, $175k are donor-endowed funds intended for specific scholarships. Excluding these funds, its reserves can cover three years and seven months of annual program costs.
This report is an update that has been sent to Lloydminster Region Health Foundation for review. Changes and edits may be forthcoming.
Updated on June 20, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 31.6% | 24.0% | 20.1% |
| Fundraising costs as % of donations | 40.4% | 20.0% | 8.1% |
| Total overhead spending | 72.0% | 44.0% | 28.3% |
| Program cost coverage (%) | 355.4% | 508.1% | 684.4% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 498,427 | 920,282 | 1,517,680 |
| Goods in kind | 88,302 | 64,074 | 1,518 |
| Government funding | 3,453 | 67,851 | 103,425 |
| Business activities (net) | (40,364) | (51,560) | (46,995) |
| Special events | 732,093 | 650,253 | 369,305 |
| Investment income | (701) | 89,087 | 432,026 |
| Other income | 0 | 0 | 85 |
| Total revenues | 1,281,210 | 1,739,987 | 2,377,044 |
| Grants | 956,437 | 737,264 | 514,822 |
| Administrative costs | 405,267 | 396,256 | 391,482 |
| Fundraising costs | 496,728 | 313,805 | 153,501 |
| Other costs | 10,249 | 7,178 | 0 |
| Cash flow from operations | (587,471) | 285,484 | 1,317,239 |
| Capital spending | (3,325) | (85,150) | 2,718 |
| Funding reserves | 3,542,910 | 3,868,113 | 3,595,221 |
Note: Ci reported gift shop expenses net within revenue, affecting it by $161k in F2023, $131k in F2022, and $106k in F2021. Ci included government assistance received in F2022 in revenues, affecting it by $63k. Ci adjusted for deferred donations, affecting revenues by $64k in F2023 ($nil in F2022 and F2021). Ci adjusted grants by grants payable, affecting it by ($134k) in F2023, ($115k) in F2022, and ($751k) in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2023
My anchor
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: 306-820-6161