Victoria Hospitals Foundation
Victoria, BC V8R 1J8
Executive Director: Melanie Mahlman
Director: Susan Gee
Website: www.victoriahf.ca
Charitable Reg. #: 1079 35637 RR0001
Charity Rating
Donor Accountability
Grade: C+
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Cents to The Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2013 | 2014 | 2015 |
Full-time staff #16
Avg. Compensation $73,758
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 0 |
| $160k - $200k | 1 |
| $120k - $160k | 0 |
| $80k - $120k | 2 |
| $40k - $80k | 7 |
| < $40k | 0 |
About Victoria Hospitals Foundation:
Founded in 1967, Victoria Hospitals Foundation raises funds for medical equipment and special projects at Royal Jubilee Hospital and Victoria General Hospital, which are Vancouver Island’s largest and most comprehensive health care resources. Royal Jubilee Hospital specialises in cardiac, cancer and mental health care, serving more than 90k patients annually. Specialising in trauma, pediatrics and neuroscience, Victoria General Hospital is the busiest hospital on Vancouver Island, serving nearly 100k patients annually.
In F2015, the foundation granted $5.1m to Royal Jubilee Hospital and Victoria General Hospital. The foundation reported spending 42% on patient care, 23% on surgical services, 11% on special projects, 7% on maternity and pediatric care, 7% on cardiac care, 6% on general medicine, 1% on diagnostic services, 1% on adult intensive care, 0.6% on emergency and trauma care, 0.6% on neurosciences and rehabilitation, 0.6% on senior health, and 0.1% on mental health.
Financial Review:
In F2015, Victoria Hospitals Foundation spent 23% of revenues on administrative costs and 13% of donations on fundraising costs. Total overhead costs of 36% fall within Ci's reasonable range. The charity has funding reserves of $10.9m, which can cover annual programs for 2 years.
Analysis updated by Ruoxi Gao in 2016, currently under review by Victoria Hospitals Foundation.
Financial RatiosFiscal year ending March |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 23.0% | 12.7% | 17.3% |
| Fundraising costs as % of donations | 13.1% | 12.7% | 12.2% |
| Program cost coverage (%) | 215.1% | 218.3% | 118.4% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 5,684 | 9,791 | 6,739 |
| Lotteries (net) | 394 | 320 | 264 |
| Investment income | 795 | 487 | 548 |
| Total revenues | 6,872 | 10,599 | 7,552 |
| Grants | 5,056 | 5,145 | 8,679 |
| Administrative costs | 1,400 | 1,282 | 1,213 |
| Fundraising costs | 747 | 1,239 | 821 |
| Cash flow from operations | (330) | 2,933 | (3,162) |
| Funding reserves | 10,877 | 11,232 | 10,277 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. .
Comments added by the Charity:
The Victoria Hospitals Foundation equity position at the end of each fiscal year was 2012 $9,906k, 2011 $8,098k and 2010 $6,993k.