Royal University Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
My anchor
OVERVIEW
About Royal University Hospital Foundation:
Royal University Hospital Foundation is a 2-star charity. It is financially transparent and has reasonable overhead costs. However, it has a below-average results reporting grade and large funding reserves. Before you give, read Charity Intelligence's report.
Established in 1983, Royal University Hospital Foundation (RUH Foundation) raises funds for Royal University Hospital (RUH). Based in Saskatoon, RUH is Saskatchewan’s main trauma and treatment hospital.
Since 2020, the foundation has been running its Mission Possible: Operation New O.R. campaign to help raise funds for new operating rooms and equipment at RUH. In F2022, the foundation funded the purchase of a new hand-held probe, the SPY-PHI. The device is used in gynecological and colorectal cancer surgery. RUH Foundation also funded the purchase of a Mini C-arm. This device helps doctors diagnose and set broken bones without surgery. In F2022 the hospital also funded the purchase of a new GE Healthcare CT Scanner.
The foundation's other priorities include research and education. Since 2005, RUH Foundation reports that it has invested $1.3m in 42 Fellowship Grants for young physicians. This amounts to roughly $31k per fellowship. RUH Foundation’s Women Leading Philanthropy program grants $100k per year to a female physician, specialist, or other medical professional to support research. The money allows them to work on medical projects directly addressing womens’ health issues.
.
My anchor
Results and Impact
In F2022, Royal University Hospital Foundation funded the purchase of a Transesophageal Echocardiogram Machine. The machine allows doctors to generate live 3D images of the heart or lungs. RUH Foundation reports that this machine can do the work of 25 X-rays in determining where to insert a shunt.
RUH Foundation estimates that the new RUH Adult Emergency Department, finished in 2020, serves more than 60,000 patients each year. Of these patients, more than 3,300 are treated for heart attacks. RUH Foundation also reports that over a 19-month period, its ILD clinic was able to refine or change patients’ diagnoses in 78% of referred cases.
While Ci highlights these key results, they may not be a complete representation of Royal University Hospital Foundation’s results and impact.
My anchor
Finances
Royal University Hospital Foundation received $5.6m in donations and special event revenue in F2022. Combined administrative and fundraising costs are 28% of revenues (less investment income). For every dollar donated, 72 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The foundation has $35.3m in funding reserves of which $18.2m is donor-endowed. Excluding donor-endowed funds, funding reserves can cover grant expenses for 7 years at the F2022 level.
In F2022, Royal University Hospital Foundation paid external fundraisers $174k to raise $1.1m for a cost of 16 cents per dollar raised.
This charity report is an update that has been sent to Royal University Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 11, 2022 by Emily Downing.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 27.7% | 20.7% | 18.9% |
Total overhead spending | 27.7% | 20.7% | 18.9% |
Program cost coverage (%) | 722.7% | 807.6% | 236.5% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 5,213 | 4,488 | 7,877 |
Government funding | 38 | 36 | 39 |
Lotteries (net) | 969 | 2,274 | 1,167 |
Business activities (net) | (26) | (93) | 40 |
Special events | 413 | 207 | 409 |
Investment income | 1,597 | 3,694 | (504) |
Total revenues | 8,204 | 10,606 | 9,029 |
Grants | 3,281 | 2,591 | 5,398 |
Fundraising & administrative costs | 1,829 | 1,431 | 1,800 |
Total spending | 5,110 | 4,022 | 7,198 |
Cash flow from operations | 3,095 | 6,584 | 1,830 |
Capital spending | 6 | 14 | 12 |
Funding reserves | 35,332 | 31,398 | 26,012 |
Note: Ci adjusted grants by change in grants payable, affecting total expenses by ($1.1m) in F2022, ($90k) in F2021, and ($817k) in F2020. Ci reported investment income net of management fees, affecting total revenues and expenses by ($118k) in F2022, ($102k) in F2021, and ($94k) in F2020. Ci reported net gift shop sales in business activities, affecting total revenues and expenses by ($195k) in F2022, ($186k) in F2021, and ($259) in F2020. Ci reported lottery revenues net of expenses, affecting total revenues and expenses by ($179k) in F2022, ($423k) in F2021, and ($216k) in F2020. Ci reported Saskatchewan Charitable Gaming Grants as government funding rather than lottery revenue. Ci removed amortization from combined overhead costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-655-1984