Lloydminster Region Health Foundation

4910 - 50 Street, Suite 116
Lloydminster, SK S9V 0Y5
CEO: Stephanie Munro
Board Chair: Jeff Kerr

Charitable Reg. #:11902 2390 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 1/5]

✔+

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 giveread Charity Intelligences 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


Financial Ratios

Fiscal year ending March
202120202019
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 Statements

All figures in $s
202120202019
Donations 1,519,1981,277,720784,055
Goods in kind 00343,042
Government funding 103,42500
Lotteries (net) 0015,026
Business activities (net) (46,995)(19,992)(28,769)
Special events 369,305557,072294,369
Investment income 432,026(60,071)87,315
Other income 859223,313
Total revenues 2,377,0441,755,6511,498,351
Grants 1,266,2561,090,214700,961
Administrative costs 391,482420,847437,948
Fundraising costs 153,501448,184400,784
Total spending 1,811,2391,959,2451,539,693
Cash flow from operations 565,805(203,594)(41,342)
Capital spending 2,7181,0500
Funding reserves 3,595,2212,804,8282,646,551

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

Full-time staff: 2

Avg. compensation: $94,049

Top 10 staff salary range:

$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:

No comments have been added by the charity.

Charity Contact

Website: www.lrhf.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 306-820-6161

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Charitable Registration Number: 80340 7956 RR0001