Health Care Foundation of St. John's
St. John's, NL A1B 5C3
President & CEO: Paul Snow
Board Chair: Debbie Patten
Charitable Reg. #: 85699 2334 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #9
Avg. Compensation $72,931
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||6|
About Health Care Foundation of St. John's:
Founded in 2002 when General Hospital Foundation, St. Clare’s Mercy Hospital Foundation and Waterford Foundation merged, Health Care Foundation of St. John’s (HCFSJ) supports the Eastern Health network. Eastern Health is comprised of five hospitals: Health Sciences Centre, St. Clare’s Mercy Hospital, Waterford Hospital, Dr. L. A. Miller Centre and Dr. Walter Templemen Health Centre. HCFSJ grants money to Eastern Health to buy equipment, renovate hospital spaces, and sponsor research and education. Eastern Health is the largest health authority in Newfoundland and Labrador, employing 13,000 people and 700 medical staff and serving a population of 307,000. It provides 7 acute care facilities, 6 community health centres, 12 long-term care facilities and offices in 30 communities.
In F2015, Health Care Foundation of St. John’s allocated $3.7m to Eastern Health. HCFSJ spent $3.2m on purchasing necessary equipment for the five hospitals, $353k on improving hospital facilities and comfort items, and $161k on education and research. The foundation began to replace medical equipment and technology in 17 operating suites in St. Clare’s Hospital and Health Sciences Centre, transforming the rooms into Integrated Operating Suites. In F2015, HCFSJ gave $2,000 scholarships to five individuals to pursue higher education. Health Care Foundation of St. John’s also renovated LeMarchant House, an old community-based mental health centre. It continued to fund mental health research and addiction programs as part of its Moving Lives Forward program, which began in 2007.
Health Care Foundation of St. John’s is a Mid-Cap charity with donations and special event revenue of $4.6m in F2015. Administrative costs are 16% of total revenues and fundraising costs are 10% of total donations. Total overhead costs come to 26%, falling within Ci’s reasonable range. HCFSJ has funding reserves of $5.3m that can cover program costs for 1.4 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on June 29th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||15.9%||17.4%||20.0%|
|Fundraising costs as % of donations||9.7%||9.7%||9.5%|
|Program cost coverage (%)||141.3%||157.4%||136.7%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||483||805||318|