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Red Deer Regional Health Foundation

3942 - 50A Avenue
Red Deer, AB T4N 4E7
Executive Director: Iaian Park
Board Chair: Bob Bilton

Charitable Reg. #: 14070 6664 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: D+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #8

Avg. Compensation $64,767

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 8
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

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.

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $000s
Donations 1,8072,1781,862
Goods in kind 1,5151,5831,548
Government funding 270270345
Lotteries (net) 2,0252,2532,317
Special events 766704593
Investment income 688811574
Total revenues 7,0727,8007,239
Program costs 000
Grants 2,6982,7561,810
Administrative costs 723746685
Fundraising costs 1,6661,7991,533
Cash flow from operations 1,9842,4993,210
Funding reserves 15,73915,16614,118
Note: The charity reports net fundraising revenues on its income statement. Ci reports lotteries revenues, included by the charity in net fundraising revenues, net of expenses. Ci reports entry fees and casino income separately from net fundraising revenues. Ci includes good in kind in its revenues calculation.

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