Health Care Foundation of St. John's
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.
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.
68%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.
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OVERVIEW
About Health Care Foundation of St. John's:
Health Care Foundation of St. John's is a 2-star charity. It is financially transparent and has overhead spending just within Charity Intelligence's reasonable range. The Foundation has $13.2m in funding reserves that can cover over three years of granting.
Founded in 2002, Health Care Foundation of St. John’s (HCFSJ) is a charity that works to improve the quality of healthcare services in Newfoundland and Labrador. HCFSJ gives grants to nine hospitals and health centres within The Eastern Regional Health Authority. In F2021, the charity granted $3.6m to The Eastern Regional Health Authority. The foundation provides money for the purchase of new equipment, covid-19 assistance, education and research, and hospital renovations.
HCFSJ spent $2.8m on funding for equipment and technology in F2021, which represents 78% of total grant spending. In F2021, the foundation funded the purchase of three new echocardiograms, a higher quality MRI machine, and a 15-passenger bus for a mental health services program.
The foundation spent $387k on covid-19 assistance in F2021, which represents 11% of total grant spending. In F2021, it funded the purchase of 15 ICU beds. It also provided $30k in funding to over 150 rapid response teams since the start of the pandemic.
In F2021, the charity spent $214k on funding for education and research, which represents 6% of total grant spending. Its Moving Lives Forward program gave 32 scholarships totalling $30k to people in mental health and addiction programs to help further their educations. It also gave 32 grants totalling $15k to nurses for training and certification.
HCFSJ spent $93k on hospital renovations in F2021. This represents 3% of total grant spending. HCFSJ renovated 17 operating rooms to improve the quality of surgeries.
The remaining $92k represents the payment of grant money that was owed to The Eastern Regional Health Authority from previous fiscal years. This represents 3% of total grant spending.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Health Care Foundation of St. John’s website. This may not be a complete representation of HCFSJ’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Health Care Foundation of St. John’s received $2.8m in Canadian donations and special events revenue in F2021. HCFSJ also received $1.1m in net lottery revenue in F2021. The charity earned a 33% margin on its lottery in F2021. For every dollar spent on lottery tickets, 33 cents go to the charity.
Administrative costs are 25% of total revenue excluding investment income. Fundraising costs are 7% of donations. This results in total overhead spending of 32%. For every dollar donated to the charity, 68 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
HCFSJ has $13.2m in funding reserves, which can cover F2021 program costs for around 3 years and 8 months.
This charity report is an update that was sent for review to Healthcare Foundation of St. John's. Changes and edits may be forthcoming.
Updated on June 1st, 2022 by Arjun Kapur.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 24.9% | 27.5% | 26.6% |
| Fundraising costs as % of donations | 7.4% | 10.6% | 8.5% |
| Total overhead spending | 32.3% | 38.1% | 35.1% |
| Program cost coverage (%) | 366.9% | 909.9% | 414.5% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 2,385,404 | 2,084,173 | 2,793,432 |
| Goods in kind | 39,343 | 29,383 | 23,493 |
| Government funding | 21,532 | 0 | 0 |
| Lotteries (net) | 1,098,286 | 1,048,591 | 653,333 |
| Special events | 365,636 | 889,170 | 768,720 |
| Investment income | 168,022 | 270,355 | 222,627 |
| Total revenues | 4,078,223 | 4,321,672 | 4,461,605 |
| Grants | 3,594,433 | 1,269,196 | 2,802,659 |
| Administrative costs | 974,770 | 1,114,948 | 1,126,539 |
| Fundraising costs | 202,772 | 314,392 | 303,322 |
| Total spending | 4,771,975 | 2,698,536 | 4,232,520 |
| Cash flow from operations | (693,752) | 1,623,136 | 229,085 |
| Capital spending | 1,477 | 13,301 | 66,076 |
| Funding reserves | 13,188,781 | 11,548,847 | 11,616,397 |
Note: Ci excluded grants payable from grants to show actual amounts paid during the year. This affected total expenses by $92k in F2021, ($21k) in F2020, and ($8k) in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
5 |
< $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: (709) 777-5901