Hospitals of Regina Foundation

#225 - 1874 Scarth Street
Regina, SK S4P 4B3
President & CEO: Dino Sophocleous
Board Chair: Blair Ross

Charitable Reg. #:11911 4056 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.

70%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.

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Programs

About Hospitals of Regina Foundation:

Founded in 1987, Hospitals of Regina Foundation (HRF) works to improve healthcare in southern Saskatchewan. HRF provides funds to three hospitals: Pasqua Hospital, Regina General Hospital, and Wascana Rehabilitation Centre. In F2018, HRF received $8.0m in revenues and granted $2.6m to the hospitals it supports. HRF provides funding for patient care/medical equipment, training and research, and capital expenditures. HRF reports that in 2018, medical imaging was a priority, and it has committed $3.6m for medical imaging, including a new CT scanner, two ultrasound machines, a refurbished MRI and a new interventional radiology suite. 

Hospitals of Regina Foundation primarily reports data regarding the patient care provided by its funded hospitals. HRF reports that in F2018, the IR suite at Regina General Hospital saw 4,000 patients and performed 5,446 proceduresIn 2017, staff at the Prostate Assessment Centre saw more than 3,100 patients and performed 5,241 breast exams and 587 biopsies. Moreover, in 2018, the Centre performed 551 biopsies. In F2018, HRF reported 19,208 visits to the children's program at Wascana Rehab Centre, and 18,585 visits in 2017. Moreover, in 2018, Regina General performed 26,705 surgeries and provided NICU care for 475 babies.  

Hospitals of Regina Foundation provides education and training opportunities for healthcare professionals. In 2012, the Dilawri Simulation Centre was opened to answer a need from an increasing number of health science students completing their training in Regina. Since the Centre opened, more than 16,000 people have trained on-site.  In 2018 alone, the Centre hosted more than 3,200 learners and ran more than 600 simulation sessions. 

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Finances

Hospitals of Regina Foundation is a medium-sized charity with donations of $4.1m in F2018.In F2018, administrative costs are 20% of revenues (excluding investment income) and fundraising costs are 11% of donations. For every dollar donated, 69 cents go to the cause. This is within Charity Intelligence’s reasonable range for overhead spending.   

HRF has total funding reserves of $33.8m, of which $7m is donor-endowed. Excluding donor-endowed funds, HRF can cover program costs for 14.5 years, excluding donor-endowed funds.  

This charity report is an update that has been sent to Hospitals of Regina Foundation for review. Changes and edits may be forthcoming.

Updated on June 19th, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending December
201820172016
Administrative costs as % of revenues 19.7%18.9%20.6%
Fundraising costs as % of donations 10.8%10.3%4.4%
Program cost coverage (%) 1,542.4%1,980.0%579.5%

Summary Financial Statements

All figures in $000s
201820172016
Donations 4,0564,5543,964
Government funding 100100100
Lotteries (net) 3,8843,4733,169
Investment income (21)1,099990
Total revenues 8,0199,2258,224
Grants 2,1911,5294,365
Administrative costs 1,5831,5351,491
Fundraising costs 438471175
Cash flow from operations 3,8075,6902,192
Funding reserves 33,79230,26825,296

Note: Ci reports revenues and expenses on a cash basis. Ci has adjusted total donations for changes in deferred pledge revenues, decreasing revenues by $394k in F2018, $98k in F2017 and $1.4m in F2016.  An adjustment was made to grants reflecting the change to distributions to Saskatchewan Health Authority year over year. In F2018, this decreased spending by $480k, in F2017, by $988k, and in F2016, spending was increased by $1.4m. 

Salary Information

Full-time staff: 13

Avg. Compensation $90,311

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
2
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.hrf.sk.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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