Humber River Hospital Foundation

2175 Keele Street, 7th floor
Toronto, ON M6M 3Z4
Board Chair: Alan Spergel
President & CEO: Pamela Wing

Charitable Reg. #:11930 6306 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.

52%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.



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Programs

About Humber River Hospital Foundation:

Founded in 1982, the Humber River Hospital Foundation (HRHF) financially supports patient care at the Humber River Regional Hospital, the most digital hospital in North America. HRHF does this by investing in new equipment and implementing new technologies into the hospital. HRHF aim is for the hospital to provide the best care to its patients and reduce wait times. In F2019, the foundation granted $5.0m to the hospital.

Money granted by the foundation falls under three categories: patient care, capital projects, and equipment. In F2019, Humber River Hospital had 141,390 emergency room visits, performed 6,628 chemo treatments, 2250 stress tests and 40,265 surgeries, and delivered 3,853 babies. In 2018, the foundation added three new SonoSite Ultrasound machines to the hospital as well as a new MRI machine. This new MRI machine will allow the hospital to accommodate 6,000 more patients annually. In 2017, the hospitals new command centre opened. This has resulted in improved patient flow and the time a patient waits in the emergency room for an impatient bed reducing by 33%. The foundation reports that this is equivalent to adding 23 new beds.

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Results and Impact

Ci chose to highlight the following results:

HRHF reports that when compared to provincial averages, Humber River hospital’s wait time were 40% faster for hip replacements, 50% for knee replacement, and 56% for shoulder surgeries.

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Finances

Humber River Hospital Foundation is a large charity with donations and special event revenues of $9m in F2019.  Administrative costs are 33% of revenues (excluding investment income) and fundraising costs are 15% of donations. For every dollar donated to the charity, 52 cents go to its granting. This is outside Ci’s reasonable range for overhead spending. HRHF has net funding reserves of $9.6m. Reserves can cover its granting at the F2019 level for almost two years.

HHRF reports using external fundraisers. In F2018, it paid external fundraisers $39k to raise $2.7k. For every dollar raised by external fundraisers, HHRF pad $14.70, up from $10.15 in F2017.

This charity report is an update that has been sent to Humber River Foundation. Changes and edits may be forthcoming.

Updated on August 21, 2019 by Stefan Tetzlaff.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 33.3%19.5%13.3%
Fundraising costs as % of donations 14.7%22.8%18.7%
Total overhead spending 47.9%42.3%32.0%
Program cost coverage (%) 193.0%138.6%164.6%

Summary Financial Statements

All figures in $000s
201920182017
Donations 6,2017,24710,175
Special events 1,8411,4772,155
Investment income 356294556
Total revenues 8,3989,01812,886
Grants 4,9967,2507,594
Administrative costs 2,6741,7021,637
Fundraising costs 1,1781,9872,303
Total spending 8,84810,93911,534
Cash flow from operations (451)(1,921)1,352
Capital spending 03484
Funding reserves 9,64310,05012,497

Note:  Ci used the charity’s T3010 filing to allocate salaries across fundraising and administrative costs in F2018, and F2017. This information was not available for F2019 and as a result, the administrative costs may be overstated and the fundraising costs may be understated in F2019.

Salary Information

Full-time staff: 19

Avg. Compensation $118,912

Top 10 staff salary range

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
2
$160k - $200k
1
$120k - $160k
1
$80k - $120k
5
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

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

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