800, 11012 MacLeod Trail SE
Calgary, AB T2J 6A5
President & CEO: Mike Meldrum
Board Chair: Bill Sembo

Charitable Reg. #:89383 4697 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years 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.

57%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 57 cents are available for programs.



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Programs

About Calgary Health Trust:

Founded in 1996, Calgary Health Trust (CHT) is the fundraising arm and a controlled division of Alberta Health Services in Calgary. Calgary Health Trust raises funds toward new equipment, research, and programs at hospitals and healthcare centres in the Calgary area. Its grant recipients include Foothills Medical Centre, Peter Lougheed Centre, Rockyview General Hospital, South Health Campus, and 12 Carewest care centres. CHT aims to inspire people in Calgary to transform Alberta’s healthcare. In F2020, Calgary Health Trust granted $18.0m, up 42% from F2019.

Calgary Health Trust provides grants to fund three main programs: capital projects and equipment, programs and education, and research.

CHT funds new equipment and facilities in Calgary hospitals. According to its most recent annual report in 2018, CHT’s grants helped purchase ten new hemodialysis chairs and one new neonatal intensive care unit (NICU) during the year. The new NICU includes two six-bed rooms and tripled the unit’s original space, bringing it to 1,200 square meters.

CHT provides funding for patient and education programs. In 2017–2018, Calgary Health Trust funded a new gastrointestinal (GI) endoscopy unit at Rockyview General Hospital. The charity states that the new unit focuses on improved patient care, training, and education. To promote healthy activity, CHT also partnered with YMCA Calgary to open a new sports facility during the year.

Calgary Health Trust provides grants to the University of Calgary for research funding. In the past, it has funded lung research at the Nicole Perkins Microbial Communities Core Labs.

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Results and Impact

Annual reports from the charity’s two most recent fiscal years were not available at the time this report was created.

Calgary Health Trust reports that 20 years ago, patients with heart attacks had a 15% mortality rate within 30 days. Due to the charity’s equipment purchases, it states that its heart attack patients now experience a mortality rate of only around 4%.

While Ci highlights these key results, they may not be a complete representation of Calgary Health Trust’s results and impact.

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Finances

Calgary Health Trust is a Large charity with $13.9m in donations and special events revenue in F2020. It received $2.4m in government funding, representing 10% of total revenues. Administrative costs are 2% of revenues (less investment income) and fundraising costs are 41% of donations. This results in total overhead spending of 43%. For every dollar donated to the charity, 57 cents go to the cause. This falls outside of Ci's reasonable range for overhead spending. The most recent year when Calgary Health Trust fell within this range was in F2018.

CHT has funding reserves of $148.5m, of which $23.4m is donor-endowed. Excluding donor-endowed funds, its funding reserves can cover 7.4 years of annual program costs.

According to its most recent filing with the CRA, Calgary Health Trust used external fundraisers in F2019. CHT paid $3.0m to raise $28.1m from external fundraisers, at a cost of 11 cents per dollar raised. CHT’s F2020 CRA filing is not yet available.

This charity report is an update that has been sent to Calgary Health Trust for review. Changes and edits may be forthcoming.

Updated on July 31, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 2.0%2.2%1.6%
Fundraising costs as % of donations 41.0%57.9%29.7%
Total overhead spending 42.9%60.2%31.3%
Program cost coverage (%) 744.5%1,080.6%1,651.7%

Summary Financial Statements

All figures in $000s
202020192018
Donations 12,2137,25216,157
Government funding 2,4322,3742,497
Lotteries (net) 11,30211,4038,227
Special events 1,7161,4754,587
Investment income (2,234)5,2861,782
Total revenues 25,42827,79133,250
Grants 17,98012,6418,084
Administrative costs 553502512
Fundraising costs 5,7045,0556,151
Total spending 24,23618,19814,747
Cash flow from operations 1,1929,59218,504
Funding reserves 148,526146,987137,396

Note: Ci adjusted donations by changes in deferred revenue, affecting total revenues by ($323k) in F2019, ($2.0m) in F2019, and $317k in F2018. Ci included unrealized gains (losses) in investment income, affecting total revenues by ($6.6m) in F2020, $878k in F2019, and ($660k) in F2018. Ci reported investment income net of investment management fees, affecting total revenues and expenses by ($230k) in F2020, ($197k) in F2019, and ($206k) in F2018. Ci reported lotteries net of expenses, affecting total revenues and expenses by ($17.9m) in F2020, ($17.1m) in F2019, and ($16.2m) in F2018. Ci adjusted grants by changes in disbursements payable, affecting total expenses by ($3.7m) in F2020, ($1.2m) in F2019, and ($3.1m) in F2018.

Salary Information

Full-time staff: 28

Avg. Compensation: $85,082

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
2
$160k - $200k
1
$120k - $160k
0
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.calgaryhealthtrust.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-943-0615

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