Health Care Foundation of St. John's

71 Goldstone Street, Suite 103
St. John's, NL A1B 5C3
President & CEO: Paul Snow
Board Chair: Debbie Patten

Website: www.healthcarefoundation.ca
Charitable Reg. #: 85699 2334 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B

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

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #11

Avg. Compensation $65,631

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 9
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Health Care Foundation of St. John's:

Founded in 2002, Health Care Foundation of St. John’s (Heath Care Foundation) works to improve the health care of adults in Newfoundland and Labrador. The charity collects funds which it then grants to groups within the Eastern Health network. Grants are used to buy new medical equipment, improve patient comfort, and facilitate research not funded by the government. Health Care Foundation transferred just over $2.1m to Eastern Health during F2017.  

Health Care Foundation allocated 64% of grants to the purchase of medical equipment. There is a project underway to upgrade the technology in 17 operating rooms, 8 of which are currently complete. Eastern Health opened a new MRI in June 2018 which was financed by Health Care Foundation and the government. This MRI is twice as strong as the 2 other MRIs in the area.

In F2017, 30% of grants were used to improve the comfort of patients and family members while in hospital. Health Care Foundation believes that the hospital environment can have a major impact on mental health and well-being. The charity aims to redesign 113 hospital waiting rooms and family rooms at the Health Sciences Centre, St. Clare's Mercy Hospital, Waterford Hospital, Dr. L. A. Miller Centre and the Dr. Walter Templeman Health Care Centre on Bell Island.

Research and education received the final 6% of grants. In F2017, research projects examined multiple sclerosis and concussions.

Results and Impact: Health Care Foundation of St. John’s invested over $80,000 in the installation of 12 lifts. The lifts move patients in the cardiac units of the Health Sciences Centre, allowing 1 nurse to lift a patient out of bed rather than needing 4. Nurses experience less physical strain and patients find the lift more comfortable.

Financial Review:

Health Care Foundation of St. John’s is a medium-sized charity. F2017 donations and special event revenue was $2.2m, 75% less than F2016 donations and special event revenue due to a $5m reduction in major gifts. Administrative costs are 31% of total revenues and fundraising costs are 23% of total donations. For every $1 donated 46 cents go to the cause, falling below Ci’s reasonable range. Health Care Foundation has $10.6m in funding reserves which could finance grants for almost 5 years.

This charity report is an update that has been sent to Health Care Foundation of St. John’s for review. Changes and edits may be forthcoming.

Updated on June 11, 2018 by Madison Kerr.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 31.4%10.1%16.2%
Fundraising costs as % of donations 23.4%6.4%9.9%
Program cost coverage (%) 493.1%515.0%141.3%

Summary Financial Statements

All figures in $000s
201720162015
Donations 1,5397,9103,769
Lotteries (net) 791922803
Special events 636785757
Investment income 1389892
Total revenues 3,1049,7155,420
Grants 2,1412,1763,733
Administrative costs 931973862
Fundraising costs 509556450
Cash flow from operations (477)6,011376
Funding reserves 10,55711,2065,276
Note: Ci reports lottery revenues net of expenses, reducing both revenues and expenses by $2.8m in F2017, $2.6m in F2016, and $2.4m in F2015. Adjustments for deferred donations affected revenue by ($516k) in F2017, $778k in F2016, and ($107k) in F2015.

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