Royal Alexandra Hospital Foundation

10240 Kingsway
Edmonton, AB T5H 3V9
President & CEO: Andrew Otway
Board Chair: John Day

Charitable Reg. #: 11912 6217 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Social Results Reporting

Grade: B

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #16

Avg. Compensation $103,695

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 2
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Royal Alexandra Hospital Foundation:

Founded in 1984, Royal Alexandra Hospital Foundation (RAHF) raises funds for patient care, technology and research at Royal Alexandra Hospital, Lois Hole Hospital for Women, CK Hui Heart Centre and Eye Institute of Alberta. RAHF also works with University of Alberta to advance research. The charity aims to improve health care in Alberta.

In F2015, Royal Alexandra Hospital Foundation allocated $7.9m to patient care, technology and research. RAHF donated $3.4m to Lois Hole Hospital for Women to support the daVinci Robotic Surgery, a minimally invasive surgery program. The centre performs one robotic surgery every day. RAHF granted$1m to Women and Children's Health Research Institute, $1m to Inner City Health and Wellness and $0.8m to Campaign for Prostate Health. By supporting the Royal Alexandra Hospital, Royal Alexandra Hospital Foundation funds treatment for half a million patients. In F2015, the hospital had 72,500 patient visits and performed 4,000 surgeries. Through its research funding, RAHF supported 11 clinical trials, 28 student awards and 28 research projects.

Financial Review:

Royal Alexandra Hospital Foundation is a Big-Cap charity with donations and special event revenue of $4.5m in F2015. Administrative costs are 10% of total revenues and fundraising costs are 47% of total donations. Total overhead costs come to 56%, falling well outside of Ci's reasonable range. RAHF has funding reserves of $43.5m that can cover program costs for 5.5 years. Excluding donor-endowed funds of $19.7m, funding reserves can cover program costs for 3.4 years.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated on July 4th, 2016 by Mirza Ali Shakir.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 9.6%10.6%7.3%
Fundraising costs as % of donations 46.8%55.0%44.3%
Program cost coverage (%) 550.3%960.2%909.0%

Summary Financial Statements

All figures in $000s
Donations 4,4623,0974,393
Lotteries (net) 2,5542,2611,850
Investment income 3,6084,1332,387
Total revenues 10,6249,4928,629
Grants 7,9104,2954,231
Administrative costs 673567455
Fundraising costs 2,0881,7041,947
Other costs 126103101
Cash flow from operations (173)2,8241,896
Funding reserves 43,52541,23938,456
Note: Ci reports net revenues from lotteries, reducing both revenues and expenses by $5.8m in F2015, $5.2m in F2014 and $4.5m in F2014. Ci removed amortization from administrative and fundraising costs.

Comments added by the Charity:

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