Health Care Foundation of St. John's
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements 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.
45%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 45 cents are available for programs.
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Programs
About Health Care Foundation of St. John's:
Founded in 2002, Health Care Foundation of St. John’s (Heath Care Foundation) works to improve the health care of adults in Newfoundland and Labrador. The charity collects funds which it then grants to groups within the Eastern Health network. Grants are used to buy new medical equipment, improve patient comfort, and facilitate research not funded by the government. Health Care Foundation transferred just over $2.1m to Eastern Health during F2017.
Health Care Foundation allocated 64% of grants to the purchase of medical equipment. There is a project underway to upgrade the technology in 17 operating rooms, 8 of which are currently complete. Eastern Health opened a new MRI in June 2018 which was financed by Health Care Foundation and the government. This MRI is twice as strong as the 2 other MRIs in the area.
In F2017, 30% of grants were used to improve the comfort of patients and family members while in hospital. Health Care Foundation believes that the hospital environment can have a major impact on mental health and well-being. The charity aims to redesign 113 hospital waiting rooms and family rooms at the Health Sciences Centre, St. Clare's Mercy Hospital, Waterford Hospital, Dr. L. A. Miller Centre and the Dr. Walter Templeman Health Care Centre on Bell Island.
Research and education received the final 6% of grants. In F2017, research projects examined multiple sclerosis and concussions.
Results and Impact: Health Care Foundation of St. John’s invested over $80,000 in the installation of 12 lifts. The lifts move patients in the cardiac units of the Health Sciences Centre, allowing 1 nurse to lift a patient out of bed rather than needing 4. Nurses experience less physical strain and patients find the lift more comfortable.
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Finances
Health Care Foundation of St. John’s is a medium-sized charity. F2017 donations and special event revenue was $2.2m, 75% less than F2016 donations and special event revenue due to a $5m reduction in major gifts. Administrative costs are 31% of total revenues and fundraising costs are 23% of total donations. For every $1 donated 46 cents go to the cause, falling below Ci’s reasonable range. Health Care Foundation has $10.6m in funding reserves which could finance grants for almost 5 years.
This charity report is an update that has been sent to Health Care Foundation of St. John’s for review. Changes and edits may be forthcoming.
Updated on June 11, 2018 by Madison Kerr.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 31.4% | 10.1% | 16.2% |
| Fundraising costs as % of donations | 23.4% | 6.4% | 9.9% |
| Program cost coverage (%) | 493.1% | 515.0% | 141.3% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 1,539 | 7,910 | 3,769 |
| Lotteries (net) | 791 | 922 | 803 |
| Special events | 636 | 785 | 757 |
| Investment income | 138 | 98 | 92 |
| Total revenues | 3,104 | 9,715 | 5,420 |
| Grants | 2,141 | 2,176 | 3,733 |
| Administrative costs | 931 | 973 | 862 |
| Fundraising costs | 509 | 556 | 450 |
| Cash flow from operations | (477) | 6,011 | 376 |
| Funding reserves | 10,557 | 11,206 | 5,276 |
Note: Ci reports lottery revenues net of expenses, reducing both revenues and expenses by $2.8m in F2017, $2.6m in F2016, and $2.4m in F2015. Adjustments for deferred donations affected revenue by ($516k) in F2017, $778k in F2016, and ($107k) in F2015.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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