Humber River 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.
B
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.
63%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.
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OVERVIEW
About Humber River Hospital Foundation:
Humber River Hospital Foundation is a 3-star charity. It has an average results reporting score and is financially transparent. However, its overhead spending is outside of Ci's reasonable range.
Founded in 1982, the Humber River Hospital Foundation (HRHF) financially supports patient care at the Humber River Regional Hospital, that the foundation calls the most digital hospital in North America. HRHF does this by investing in new equipment and implementing new technologies into the hospital. HRHF's aim is for the hospital to provide the best care to its patients and reduce wait times. In F2022, the foundation granted $6.6m to the hospital.
In 2021, Humber River Hospital had 110,597 emergency room visits, performed 130,834 covid-19 tests, treated 4,318 patients with covid-19, and administered over 185k vaccines.
The hospital currently operates on 76 cases per year with its da Vinci Si surgical system. The foundation aims to purchase the new da Vinci Xi model so the hospital can operate on 175 cases annually. In 2020, the foundation purchased ROSA, a robot used for same-day knee replacements. The foundation aims to purchase a second ROSA for the hospital so it can increase the number of robotic surgeries it performs to 575 per year.
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Results and Impact
In 2018, the hospital purchased a new MRI Machine which allowed the hospital to accommodate an additional 6,000 patients annually. In 2017, the hospital opened Canada’s first Hospital Command Centre that monitors and manages the flow of patients. In 2018, the hospital noted that for those in the emergency department, wait times for an impatient bed decreased 33% from the year prior. Also, wait times for having an inpatient bed cleaned decreased 45% from the year prior. These improvements were equivalent to the hospital opening 23 new beds. In 2020, the foundation purchased three new covid-19 rapid testing machines for the hospital. The machines run up to 210 tests each day and results come back in 75 minutes, compared to other Toronto Public Health labs where wait times for results could be upwards of six days.
While Ci highlights these key results, this may not be a complete representation of Humber River Hospital Foundation’s results and impact.
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Finances
Humber River Hospital Foundation received donations and special event revenues of $9.4m in F2022. The foundation granted $6.6m to the hospital in F2022. HRHF has fundraising and administrative costs that are 37% of revenues. For each dollar donated, 63 cents go to the cause. This is not within Ci’s reasonable range. Overhead costs have not been within Ci’s reasonable range since 2017.
HRHF has funding reserves of just under $13.0m that can cover grants at the F2022 level for nearly two years.
In F2020, HRHF paid external fundraisers $46k to raise $4k for a cost of $11 per dollar raised. HRHF reported that it did not use external fundraisers in F2021. At the time of this update, HRHF’s F2022 T3010 information is not publicly available.
This charity report is an update that was sent for review to Humber River Hospital Foundation. Changes and edits may be forthcoming.
Updated on June 17, 2022 by Emily Downing.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 37.2% | 37.7% | 37.7% |
| Total overhead spending | 37.2% | 37.7% | 37.7% |
| Program cost coverage (%) | 197.5% | 244.3% | 249.2% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 8,669 | 8,188 | 9,133 |
| Government funding | 15 | 190 | 0 |
| Special events | 698 | 691 | 1,239 |
| Investment income | 409 | 1,121 | (44) |
| Total revenues | 9,792 | 10,190 | 10,328 |
| Grants | 6,576 | 5,423 | 4,626 |
| Fundraising & administrative costs | 3,489 | 3,420 | 3,911 |
| Total spending | 10,065 | 8,842 | 8,537 |
| Cash flow from operations | (273) | 1,348 | 1,791 |
| Capital spending | 1 | 0 | 2 |
| Funding reserves | 12,985 | 13,247 | 11,526 |
Note: Ci adjusted for unrealized gains (losses) on investment. This affected total revenues by ($346k) in F2022, $643k in F2021. Ci did not make this adjustment for F2020 as unrealized gains (losses) are reported in ($44k). Ci reported grants as expenses, affecting expenses by $6.6m in F2022, $5.4m in F2021, and $4.6m in F2020. At the time of this update, HRHF’s F2022 T3010 filing with the CRA is not available. Ci reported fundraising and administrative costs together as it was not possible to allocate salaries and benefits using T3010 information.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
3 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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416-242-1000 Ext. 81500