Kelowna General Hospital Foundation
Kelowna, BC V1Y 1T2
CEO: Doug Rankmore
Board Chair: Bruce McAuliffe
Charitable Reg. #: 11897 8733 RR0001
Grade: B-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 #11
Avg. Compensation $80,062
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||4|
|$40k - $80k||4|
About Kelowna General Hospital Foundation:
Founded in 1978, Kelowna General Hospital Foundation (KGH Foundation) has a mission to enhance the delivery of healthcare to the patients of Kelowna General Hospital and associated facilities in Kelowna, British Colombia. It raises funds for the hospital needs that are not covered by government funding.
Kelowna General Hospital (KGH) had 75,000 emergency department visits in F2016, with 12,808 emergency patients being admitted. In the perinatal department, KGH admitted 1,654 newborns and delivered 1,602 mothers. In total, KGH admitted 21,535 patients. In 2017, once doctors complete their training, KGH will expand its cardiac services and begin to perform transcatheter aortic valve implantations (TAVI).
KGH Foundation raises funds through donations and auxiliary services, which include gift shops, a thrift store, and vending machines. Auxiliary services also include a deli and coffee bar located in the hospital. KGH Foundation disburses these funds to purchase equipment. In F2016, KGH Foundation allocated funds to 31 items, including ultrasound systems and equipment, infant incubator accessories, and a hybrid operating room. The foundation allocated equipment into 3 program categories: capital equipment, patient care and comfort, and Interior Heart and Surgical Centre.
KGH Foundation is a large charity with donations and special events fundraising of $5.4m in F2016. In addition to donations, $1m is raised through auxiliary services. Administrative costs were 23% of revenues and fundraising costs were 8% of donations. As such, for every $1 donated, 69 cents go towards the cause. This falls within Charity Intelligence’s reasonable range of overhead spending.
KGH Foundation has funding reserves of $26.4m, including donor-endowed funds of $11.8m. This funding reserve can cover annual grants and programs for 6.1 years or 3.9 years if excluding-donor endowed funds.
This charity report is an update that is currently being reviewed by Kelowna General Hospital Foundation. Changes and edits may be forthcoming.
Updated on June 5, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||22.5%||12.5%||9.5%|
|Fundraising costs as % of donations||8.4%||6.6%||3.1%|
|Program cost coverage (%)||609.8%||1,123.1%||454.9%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||1,021||947||767|
|Cash flow from operations||129||7,106||7,064|