Prince County Hospital Foundation
Summerside, PE C1N 2A9
Managing Director: Heather Matheson
Board President: Gord Coffin
Charitable Reg. #: 89352 6731 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 #4
Avg. Compensation $49,412
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||1|
About Prince County Hospital Foundation:
Founded in 1993, the Prince County Hospital Foundation (PCHF) raises and manages funds directed to purchasing priority medical equipment for the Prince County Hospital in Summerside, Prince Edward Island. The hospital is the second largest in the province, and marked its 100th anniversary in 2012.
In Prince Edward Island, there is no government funding for hospital equipment costing over $1000. The PCHF aims to fill this gap by fundraising for all essential equipment for the hospital, including ceiling lifts, ultrasound machines, defibrillators, and epidural pumps. The PCHF also fundraises for certain essential non-medical needs like wheelchairs, medical refrigerators and a safety watch system for wandering patients. In addition to equipment purchases, the PCHF also aims to promote awareness and generate positive messages for the hospital.
In F2011, PCHF’s fundraising and administrative costs were 32% of revenues less investment income. PCHF did not disclose a breakdown of its salaries and benefits between fundraising and administrative costs. PCHF has funding reserves of $17.1m, of which 61% is an endowment fund. This funding reserve covers annual program costs 16.6 times.
Financial RatiosFiscal year ending December
|Fundraising & admin costs as % of revenues||32.4%||21.1%||21.1%|
|Program cost coverage (%)||1,655.2%||1,869.8%||1,488.2%|
Summary Financial StatementsAll figures in $s
|Fundraising & administrative costs||458,756||369,122||302,174|
|Cash flow from operations||479,000||896,168||184,528|