Red Deer Regional Health Foundation
Red Deer, AB T4N 4E7
Executive Director: Iaian Park
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
Full-time staff #8
Avg. Compensation $64,767
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||8|
About Red Deer Regional Health Foundation:
Founded in 1993, Red Deer Regional Health Foundation (RDRHF) raises funds for Red Deer Regional Health Centre which is part of Alberta Health Services, as well as other hospitals in Red Deer. RDRHF focuses on purchasing new equipment and machines for the hospitals, and grants money to research. RDRHF’s major fundraising events include Red Deer Festival of Trees, Hospitals’ Home Lottery, and the Love of Children Golf Classic Tournament.
In F2015, Red Deer Regional Health Foundation allocated $2.6m to Alberta Health Services and donated $1.5m of goods in kind and $20k to other hospitals. It gave out $30k in scholarships to researchers and graduate students. In the last 2 years, Red Deer Regional Health Foundation spent $441k on renovations to Pediatric units, $315k on Immuno Stainer and Software, $174k on Cart Wash and Carts, $104k on Overhead Patient Lifts and $84k on Neonatal Ventilators.
Red Deer Regional Health Foundation is a Mid-Cap charity. It received donations of $1.8m in F2015. Administrative costs are 11% and fundraising costs are 65% of donations. RDRHF has total funding reserves of $15.7m, including $3.1m in donor-endowed funds. Excluding donor-endowed funds of $3.1m, funding reserves can cover program costs for 5 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on August 30th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.3%||10.7%||10.3%|
|Fundraising costs as % of donations||64.8%||62.4%||62.4%|
|Program cost coverage (%)||583.3%||550.3%||779.8%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||1,515||1,583||1,548|
|Cash flow from operations||1,984||2,499||3,210|