Red Deer Regional Health Foundation
Red Deer, AB T4N 4E7
CEO: Manon Therriault
Board Chair: Bob Bilton
Charitable Reg. #: 14070 6664 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #5
Avg. Compensation $86,664
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||2|
About Red Deer Regional Health Foundation:
Founded in 1994, Red Deer Regional Health Foundation (RDRHF) raises money to buy medical equipment and improve services at health centres in Central Alberta, including Red Deer Regional Hospital. The foundation’s major fundraising events are: Red Deer Festival of Trees, Hospitals’ Home Lottery, and the Love of Children Golf Classic Tournament.
In F2017, RDRHF distributed $3.0 million to Red Deer Regional Hospital, $28,404 to other healthcare organizations, and $39,000 in scholarships. The charity also distributed $1.4m worth of goods in kind donations and used $22,970 in program-related purchases. F2017 grants from RDRHF funded 185 equipment purchases including 30 new hospital beds, overhead lights and two new operating rooms in the labour ward, cardiac monitors, and wheelchairs. Red Deer Regional Hospital’s programs that received funding include the cardiac sciences centre, medical specialty clinic, and NICU.
Results and Impact: Grants from Red Deer Regional Health Foundation paid for 10 new infant incubators. These incubators are more precise, easier to activate, more hygienic, quieter, and provide easier access to the baby.
Red Deer Regional Health Foundation is a medium-sized charity, with donations and special events revenue of $2.7m plus $1.4m of donated goods in kind during F2017. The foundation received net revenue of $1.4m from lotteries, representing 22% of total revenues. Administrative costs are 13% of revenues and fundraising costs are 57% of donations. For every $1 donated, 30 cents go to the cause, falling below Ci’s reasonable range. RDRHF has $17.3m in funding reserves, of which $3.1m is donor-endowed. Excluding donor-endowed funds, the foundation can cover program costs for over 3 years with funding reserves.
This charity report is an update that has been sent to Red Deer Regional Health Foundation for review. Changes and edits may be forthcoming.
Updated on July 12, 2018 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||13.2%||9.1%||11.3%|
|Fundraising costs as % of donations||56.6%||35.4%||64.8%|
|Program cost coverage (%)||388.6%||448.4%||373.6%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||1,363||1,295||1,515|
|Cash flow from operations||(280)||1,754||469|