Health Care Foundation of St. John's

Suite 103, 71 Goldstone Street
St. John's, NL A1B 5C3
President & CEO: Paul Snow
Board Chair: Jocelyn Perry

Charitable Reg. #:85699 2334 RR0001

STAR RATING

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

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✔+

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.

73%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 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 healthcare services in Newfoundland and Labrador. The charity grants funds to nine hospitals and health centres in the Eastern Health network. Health Care Foundation provides grants to buy new medical equipment, improve patient comfort, and support research not funded by the government. Health Care Foundation transferred $2.8m to Eastern Health in F2019.  

In F2019, the three largest areas funded by grants were cardiac technology, senior’s healthcare, and treatment for blood-borne illnesses. Health Care Foundation allocated $550k, or 19% of grants, toward the purchase of three new cardiac ultrasound machines in F2019.

The charity provided $500k, or 18% of grants, to senior’s healthcare. These grants funded the Acute Care of the Elderly (ACE) project, an initiative to make hospitals more senior-friendly. Health Care Foundation states that hospitals need to be better equipped to handle patients with cognitive limitations, mobility issues, or impaired vision.

Health Care Foundation raised $354k, or 13% of grants, to renovate an ambulatory care unit into a new patient facility for those with blood-related illnesses. According to the charity, funds will support new entertainment consoles, coffee stations, and treatment chairs to improve patient comfort.

The remainder of grants funded a variety of programs, including women’s health, orthopedics, mental health, and rehabilitative care. Health Care Foundation also provides funding to improve patient experience at hospitals. In F2019, the charity invested in four “Peaceful Ports,” private spaces in hospitals that encourage patients and their families to feel at ease.

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Results and Impact

In F2019, Health Care Foundation of St. John’s purchased three new cardiac ultrasound machines. According to the charity, the new T8 ultrasound models provide cardiologists with clearer images of heart activity without the use of additional tools. Health Care Foundation also purchased a new C-Arm machine to treat patients with less X-ray exposure. Finally, the charity purchased a LOGIQ E9 portable ultrasound device in F2019 for its women’s health program. The portable ultrasound model reportedly records 170% more information than previous models, including blood flow and vascular damage.

While Charity Intelligence highlights these key results, they may not be a complete representation of Health Care Foundation of St. John’s results.

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Finances

Health Care Foundation of St. John’s is a medium-sized charity, with $4.8m in donations and special events revenue in F2019. This represents a 45% increase from $3.3m in F2018. The increase in revenue was largely due to $1.3m in deferred revenue received in F2019.

Administrative costs are 18% of total revenues (less investment income) and fundraising costs are 10% of donations and special events revenue. This means that total overhead spending is 27%. For every dollar donated to the charity, 73 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Health Care Foundation has $11.6m in total funding reserves. This results in a program cost coverage ratio of 415%, meaning the charity can cover more than 4 years of annual program costs with its reserves.

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 17, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 17.5%23.5%31.4%
Fundraising costs as % of donations 9.7%16.0%23.8%
Total overhead spending 27.2%39.5%55.2%
Program cost coverage (%) 414.5%383.4%490.3%

Summary Financial Statements

All figures in $000s
201920182017
Donations 4,0492,5491,499
Goods in kind 232240
Lotteries (net) 653586791
Special events 769763636
Investment income 223136138
Total revenues 5,7174,0563,104
Grants 2,8032,7452,153
Administrative costs 964921931
Fundraising costs 466531509
Total spending 4,2334,1973,593
Cash flow from operations 1,485(141)(489)
Capital spending 66157
Funding reserves 11,61610,52410,557

Note: In F2019, Health Care Foundation began reporting lottery revenue net of expenses. Ci reported lottery revenues net of expenses in all three years, affecting total revenues and expenses by ($2.7m) in F2018 and ($2.8m) in F2017. Adjustments for deferred donations affected total revenues by $1.3m in F2019, ($852k) in F2018, and ($516k) in F2017. Ci adjusted grants to show actual amounts paid during the year. This affected grants and total expenses by ($8k) in F2019, ($7k) in F2018, and $12k in F2017. Ci included donated prizes for fundraising events as goods in kind and backed out the amounts from donations.

Salary Information

Full-time staff: 10

Avg. Compensation: $77,827

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
1
$40k - $80k
8
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.healthcarefoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (709) 777-5901

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