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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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Programs
About Royal University Hospital Foundation:
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.
RUH Foundation provides grants in three main areas: capital and patient care (83% of grants in F2020), research (10%), and education and fellowships (7%).
In September 2019, RUH Foundation opened the new RUH Adult Emergency Department. The foundation reports that the new facility is 2.5 times larger than its emergency room built in 1978. Through its grant funding, Royal University Hospital Foundation has helped to equip the emergency department with a new CT scanner, a four-vehicle ambulance bay, and five pneumatic tube stations.
The foundation's other priorities include research, education, and patient care at RUH. In F2020, RUH Foundation funded six chronic care initiatives, including the Interstitial Lung Disease (ILD) clinic at Royal University Hospital. 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.
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Results and Impact
Royal University Hospital Foundation estimates that the new RUH Adult Emergency Department 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.
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Finances
Royal University Hospital Foundation is a Large charity, with $8.3m in donations and special events revenue in F2020. Combined administrative and fundraising costs are 19% of revenues (less investment income). For every dollar donated to the charity, 81 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.
RUH Foundation has $26.0m in total funding reserves, of which $15.0m is donor-endowed. Excluding donor-endowed funds, the foundation can cover annual program costs for around 2.4 years using its existing reserves.
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 7, 2020 by Eric Zhao.
Financial Review
Fiscal year ending March
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 18.9% | 17.8% | 26.9% |
| Total overhead spending | 18.9% | 17.8% | 26.9% |
| Program cost coverage (%) | 236.5% | 118.0% | 254.1% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 7,877 | 7,580 | 4,560 |
| Government funding | 39 | 38 | 40 |
| Lotteries (net) | 1,167 | 1,096 | 1,062 |
| Business activities (net) | 40 | 29 | 35 |
| Special events | 409 | 455 | 578 |
| Investment income | (504) | 981 | 805 |
| Total revenues | 9,029 | 10,180 | 7,080 |
| Grants | 5,398 | 8,046 | 4,313 |
| Fundraising & administrative costs | 1,800 | 1,639 | 1,689 |
| Total spending | 7,198 | 9,685 | 6,002 |
| Cash flow from operations | 1,830 | 495 | 1,078 |
| Capital spending | 12 | 4 | 5 |
| Funding reserves | 26,012 | 24,421 | 24,143 |
Note: Ci adjusted grants by changes in grants payable, affecting total expenses by ($817k) in F2020, ($1.8m) in F2019, and $145k in F2018. Ci reported investment income net of management fees, affecting total revenues and expenses by ($94k) in F2020, ($91k) in F2019, and ($90k) in F2018. Ci reported net gift shop sales in business activities, affecting total revenues and expenses by ($259k) in F2020, ($329k) in F2019, and ($316k) in F2018. Ci reported lottery revenues net of expenses, affecting total revenues and expenses by ($216k) in F2020, ($213k) in F2019, and ($212k) in F2018. Ci gathered Saskatchewan Charitable Gaming Grants from RUH Foundation’s financial notes and reported the amounts 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 |
3 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2019
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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