Richmond Hospital Foundation
Richmond, BC V6X 1A2
President & CEO: Natalie D. Meixner
Board Chair: Kyle Shury
Charitable Reg. #: 11911 8883 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 #10
Avg. Compensation $90,502
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||6|
About Richmond Hospital Foundation:
Founded in 1987, the Richmond Hospital Foundation is based in Richmond, British Columbia. Due to the rising costs of modern medical technology and rapid population growth, the BC government can only fund the basic operating and administrative costs of the hospital. As a result, the Richmond Hospital Foundation’s objective is to raise money for the Richmond Hospital to be able to finance what the government cannot fund such as new equipment, tools, training, and renovations.
In F2016, Richmond Hospital Foundation granted $1.6 million to the hospital, which allowed the hospital to purchase new equipment, provide over 4000 patients with new cytoscopes, and provide acute care training to 15 doctors. Its new goal is to raise $952k by F2017 to purchase equipment for the hospital’s current greatest needs: cardiac emergencies, orthopedics, colon cancer screening, medical imaging, and births.
Richmond Hospital Foundation is a big-cap charity with donations of $5.1m in F2016. Its administrative costs are 19% of revenues, and its fundraising costs are 18% of donations. For every dollar donated, 64 cents go towards Richmond Hospital Foundation’s programs, falling just outside Ci’s reasonable range. The charity has $9.7m in total funding reserves of which $537k is donor-endowed. This results in a program cost coverage ratio excluding donor-endowed funds of 473%, meaning that Richmond Hospital Foundation can cover almost 5 years of its annual program costs using its existing reserves.
This charity profile is an update currently under review by Richmond Hospital Foundation.
Updated June 15, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||18.9%||18.0%||16.2%|
|Fundraising costs as % of donations||17.5%||17.2%||12.1%|
|Program cost coverage (%)||493.5%||241.9%||160.9%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||720||505||407|
|Cash flow from operations||2,025||319||(580)|