Lloydminster Region Health 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.
D
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
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OVERVIEW
About Lloydminster Region Health Foundation:
Lloydminster Regional Health Foundation is a 1-star charity. While it is financially transparent and has reasonable overhead costs, it has a very low results reporting grade meaning that it reports very little of what it does for donors. Before you give, read Charity Intelligence’s report.
Founded in 1983, Lloydminster Regional Health Foundation (LRHF) raises money to improve the quality of healthcare in Lloydminster, Saskatchewan. Lloydminster Hospital operates 66 beds and serves a population of approximately 72,000 people. The hospital is part of the Prairie North Regional Health Authority system that also includes Lloydminster Mental Health and Addictions Services, Lloydminster Area Home Care Services, and Pioneer Lodge Seniors Home.
In F2021, LRHF granted $1.3m to the health system to fund the hospital’s greatest needs, community care, continuing care, and acute care. Through the granting areas, the foundation supports equipment purchases and building projects to improve care for a range of patients, from those requiring only short-term treatment to the elderly who are no longer able to live independently.
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Results and Impact
Ci was unable to find any quantified outcome data for Lloydminster Regional Health Foundation. This may not be a complete representation of Lloydminster Regional Health Foundation’s results and impact.
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Finances
Lloydminster Regional Health Foundation received donations and special events revenue of $1.9m in F2021. Administrative costs are 20% of total revenues and fundraising costs are 8% of total revenues. This results in an overhead cost of 28%. For every dollar donated, 72 cents go to the cause, which is within Ci’s reasonable range for overhead spending.
LRHF has $3.6m in funding reserves, of which $109k is donor-endowed. Excluding donor-endowed funds, the foundation could grant at the F2021 level for 2.8 years using reserves.
This charity report is an update that has been sent to Lloydminster Regional Health Foundation for review. Changes and edits may be forthcoming.
Updated on August 23, 2022 by Lin Zhu.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 20.1% | 23.2% | 31.0% |
Fundraising costs as % of donations | 8.1% | 24.4% | 37.2% |
Total overhead spending | 28.3% | 47.6% | 68.2% |
Program cost coverage (%) | 276.5% | 249.9% | 365.5% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 1,519,198 | 1,277,720 | 784,055 |
Goods in kind | 0 | 0 | 343,042 |
Government funding | 103,425 | 0 | 0 |
Lotteries (net) | 0 | 0 | 15,026 |
Business activities (net) | (46,995) | (19,992) | (28,769) |
Special events | 369,305 | 557,072 | 294,369 |
Investment income | 432,026 | (60,071) | 87,315 |
Other income | 85 | 922 | 3,313 |
Total revenues | 2,377,044 | 1,755,651 | 1,498,351 |
Grants | 1,266,256 | 1,090,214 | 700,961 |
Administrative costs | 391,482 | 420,847 | 437,948 |
Fundraising costs | 153,501 | 448,184 | 400,784 |
Total spending | 1,811,239 | 1,959,245 | 1,539,693 |
Cash flow from operations | 565,805 | (203,594) | (41,342) |
Capital spending | 2,718 | 1,050 | 0 |
Funding reserves | 3,595,221 | 2,804,828 | 2,646,551 |
Note: Ci included grants in the calculation of expenses, affecting expenses by $1.3m in F2021, $1.1m in F2020, and $684k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
1 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-820-6161