Prince County Hospital Foundation

PO Box 3000, 65 Roy Boates Ave.
Summerside, PE C1N 2A9
Managing Director: Heather Matheson
Board President: Liz Maynard

Charitable Reg. #:89352 6731 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

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.

82%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.



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Programs

About Prince County Hospital Foundation:

Founded in 1993, Prince County Hospital Foundation (PCHF) raises money to fund equipment purchases and building renovations at Prince County Hospital in Summerside, Prince Edward Island. With 110 beds, Prince County is the second largest hospital in PEI.

Each year, the hospital provides PCHF with a list of desired equipment. The foundation grants money to purchase desired equipment, starting with the equipment for which the need is greatest. In F2017, PCHF granted $895,900 to the hospital for equipment purchases. The remaining $15,008 in grants were bursaries for nurses and other healthcare professionals to continue their education.

In F2019, PCHF aims to raise money to contribute to the purchase of priority equipment with a total value of $2.2m. The desired equipment includes a mobile digital x-ray system ($57,000), dialysis machine ($25,000), 13 ceiling lifts ($67,600), and water purification system ($18,600).

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Finances

Prince County Hospital Foundation is a medium-sized charity with donations of $2.7m in F2017. The foundation received $1.3m in investment income net of related expenses, reflecting 32% of total revenue. Fundraising and administrative costs are 18% of revenues less investment income. For every dollar donated, 82 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

PCHF has $28.7m in funding reserves, of which $5.0m is donor-endowed. Excluding donor-endowed funds, the charity could grant at the F2017 level for 36 years using reserves.

This charity report is an update that has been sent to Prince County Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 13, 2019 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending December
201720162015
Fundraising & admin costs as % of revenues 18.1%15.8%11.2%
Total overhead spending 18.1%15.8%11.2%
Program cost coverage (%) 3,152.7%1,413.7%3,864.6%

Summary Financial Statements

All figures in $s
201720162015
Donations 2,678,5112,313,5173,587,820
Government funding 0881,240500,000
Investment income 1,281,9141,265,222441,302
Other income 82,62312,2540
Total revenues 4,043,0484,472,2334,529,122
Grants 910,9081,844,307620,423
Fundraising & administrative costs 499,679507,644457,968
Total spending 1,410,5902,351,9501,078,390
Cash flow from operations 2,632,4612,120,2823,450,731
Funding reserves 28,717,71226,073,60023,977,016

Salary Information

Full-time staff: 4

Avg. Compensation $57,562

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
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.pchcare.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (902) 432-2547

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