Peterborough Regional Health Centre Foundation
Peterborough, ON K9J 7C6
President & CEO: Lesley Heighway
Board Chair: Bill Blair
Charitable Reg. #: 11909 1825 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
Cents to The Cause
Full-time staff #14
Avg. Compensation $59,152
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||6|
About Peterborough Regional Health Centre Foundation:
Founded in 1980, Peterborough Regional Health Centre Foundation (PRHC Foundation) raises money to purchase equipment for Peterborough Regional Health Centre. The foundation hopes to improve the quality of care provided at the hospital by attracting top medical professionals, saving lives, and easing patients’ pain. PRHC serves the population of Peterborough and the surrounding area, having almost 87,000 visits to the emergency department in F2017.
In F2017, grants were used to purchase vital signs monitors, upgrades for the cardiac lab, and a portable ultrasound for the intensive care unit. PRHC is currently raising money to purchase two specialized x-rays for the emergency department, three mammography machines, and 12 monitors for labour and delivery.
Results and Impact: In F2017, $1 million from PRHC Foundation was used to equip nine operating rooms with tools for minimally-invasive surgeries. The foundation reports that smaller incisions have a lower chance of infection and reduce patient recovery time.
The National Surgical Quality Improvement Program, overseen by the American College of Surgeons, tracks data on surgery successes in 800 hospitals in Canada and the United States. PRHC was one of 66 hospitals to receive top honours. Lynn Mikula, PRHC surgeon and chair of the hospital’s Medical Advisory Committee, recognized equipment purchases by PRHC Foundation as contributing to the surgical program’s success.
In F2016, PRHC Foundation funded upgrades for the hospital’s two CT scanners which are used more than 25,000 times every year. The upgrades improved image quality and reduced patient exposure to radiation by 30%.
The financial analysis completed by Charity Intelligence uses the most recent, full financial statements available to Ci at the time of writing this report.
Peterborough Regional Health Centre Foundation is a medium-sized charity with donations of $3.9m in F2016. Administrative costs are 3% of revenues and fundraising costs are 30% of donations. Salary costs have been allocated to fundraising as the foundation has not distinguished salary expenses related to administration or program. Fundraising costs may be overstated. For every $1 donated, 67 cents go to the cause, falling within Ci’s reasonable range for overhead spending.
PRHC Foundation has $10.2m in funding reserves which could cover granting for four years at the F2016 level. This does not indicate a need for funding.
This charity report has been sent to Peterborough Regional Health Centre Foundation for review. Changes and edits may be forthcoming.
Created on August 24, 2018 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||3.4%||3.8%||3.3%|
|Fundraising costs as % of donations||29.8%||24.7%||31.5%|
|Program cost coverage (%)||399.9%||285.8%||341.3%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||115||98||110|
|Cash flow from operations||270||477||504|