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Valley Regional Hospital Foundation

P.O. Box 911, 150 Exhibition Street
Kentville, NS B4N 4H8
Executive Director: Gerry MacIsaac
Board President: Sandra Snow

Charitable Reg. #: 11928 0808 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Most recent audited financial statements available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2010 2011 2012
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #3

Avg. Compensation $50,616

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 1
< $40k 2
Information from most recent CRA Charities Directorate filings for F2012

About Valley Regional Hospital Foundation:

Founded in 1985, the Valley Regional Hospital Foundation (VRHF) works to foster a culture of sustained giving in support of health care in Nova Scotia’s Annapolis Valley. VRHF’s primary recipient is the Valley Regional Hospital (VRH), the regional referral centre for Western Nova Scotia. VRH consists of over 700 employees, serving a community of roughly 88,000 people. At present, VRHF is working with the Valley Hospice Foundation to complete an $8m campaign in support of the VRH. The campaign will support an enlarged Emergency Department, additional beds, improved patient and staff flow through a realignment of units, and additional equipment. It also includes the construction of a hospice and palliative care centre attached to the hospital. In addition to the capital campaign, VRHF makes annual grants to the VRH to support equipment purchases and chaplaincy services. Recent equipment purchases include MRI machines, CT virtual colonoscopy equipment, and ultrasounds.

Financial Review:

In F2012, VRHF’s fundraising and administrative costs were 18% of total revenues less investment income. VRHF did not disclose a breakdown of salaries and benefits between administrative and fundraising costs. VRHF has funding reserves of $4.4m, which cover annual grants 13.5 times.

Financial Ratios

Fiscal year ending March
Fundraising & admin costs as % of revenues 17.6%24.2%44.1%
Program cost coverage (%) 1,351.2%744.8%1,431.6%

Summary Financial Statements

All figures in $s
Donations 1,877,3581,093,675767,551
Goods in kind 8,603647190
Investment income 166,98267,168141,629
Other income 005,150
Total revenues 2,052,9431,161,490914,520
Grants 326,269452,633204,069
Fundraising & administrative costs 332,248264,384340,787
Cash flow from operations 1,394,426444,473369,664
Funding reserves 4,408,5013,371,0292,921,397

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