Royal Victoria Regional Health Centre Foundation

201 Georgian Drive
Barrie, ON L4M 6M2
CEO: Pamela Ross
Board Chair: Estelle King

Charitable Reg. #:12524 9185 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

C

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

79%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 79 cents are available for programs.



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OVERVIEW

About Royal Victoria Regional Health Centre Foundation:

Royal Victoria Regional Health Centre Foundation is a 2-star charity with a below average results reporting grade of C. For every dollar donated, 79 cents are available to go towards the cause. Its reserve funds can cover four years and ten months of annual program costs.

Established in 1982, Royal Victoria Regional Health Centre Foundation (RVHF) is the fundraising arm for Royal Victoria Regional Health Centre (RVH) in Barrie, Ontario. The foundation provides funding to improve patient care through the purchase of medical equipment. In 2022, RVHF granted $11.3m, up 305% from the $2.8m granted in 2021.

The money RVHF grants to RVH is mainly spent on medical equipment. In 2022, RVHF funded the purchases of one MRI/Ultrasound Fusion, four new mammography units, and one new PET-CT Scanner. RVHF expects that the new scanner will likely perform more than 200,000 scans in its lifetime.

In October 2022, Royal Victoria Regional Health Centre Foundation launched a new capital fundraising campaign: Keep Life Wild. The goal is to raise $100 million in support of RVH’s expansion plans.

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Results and Impact

Charity Intelligence found that RVHF reported many stories but no quantified data on its results. This may not be a complete representation of Royal Victoria Regional Health Centre Foundation’s results and impact.

This charity has not yet been rated on impact (n/r). 

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Finances

In 2022, RVHF received $15.8m in donations and special events revenue, up 235% from $4.7m in 2021. In 2022, RVHF also received $59k in donated goods. Combined administrative and fundraising costs are 21% of total revenues. For every dollar donated, 79 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In 2023, RVHF granted $11.3m which represents 69% of total revenue. 

In 2022, RVHF had reserve funds of $54.5m. These reserved funds are enough to cover four years and ten months of annual program costs.   

Profile updated on July 29, 2024 by Abby Stout.

Financial Review


Financial Ratios

Fiscal year ending December
202220212020
Fundraising & admin costs as % of revenues 20.6%48.1%35.8%
Total overhead spending 20.6%48.1%35.8%
Program cost coverage (%) 484.4%1,906.4%4,667.2%

Summary Financial Statements

All figures in $000s
202220212020
Donations 15,0863,9334,405
Goods in kind 591279
Special events 759803680
Investment income 3931,843790
Total revenues 16,2976,5925,953
Grants 11,2552,7851,116
Fundraising & administrative costs 3,2772,2841,848
Other costs 179190175
Total spending 14,7105,2593,139
Cash flow from operations 1,5871,3332,814
Capital spending 000
Funding reserves 54,51453,10352,097

Note: INVESTMENT FEES: Ci added the investment fees to investment income. This increased total revenues and expenses by $179k in 2022, $190k in 2021, and $175k in 2020. DONATED GOODS: Ci included donated goods in kind affecting total revenues by $59k in 2022, $12k in 2021, and $79k in 2020. GRANTS: Ci included distributions to RVH as a program expense. This increased total expenses by $11.3m in 2022, $260k in 2021, and $247k in 2020. RELATED PARTY TRANSACTIONS: Ci adjusted for the changes in related party transactions. This affected total expenses by ($424k) in 2022, $132k in 2021, and ($13k) in 2020.

Salary Information

Full-time staff: 21

Avg. compensation: $95,399

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
6
$40k - $80k
1
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.foundation.rvh.on.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 705-738-9802

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Charitable Registration Number: 80340 7956 RR0001