Red Deer Regional Health Foundation

3942 - 50A Avenue
Red Deer, AB T4N 4E7
CEO: Manon Therriault
Board Chair: Bobbi Liebrecht

Charitable Reg. #:14070 6664 RR0001

STAR RATING

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

[Charity Rating: 1/5]

FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

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.

41%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 41 cents are available for programs.



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OVERVIEW

About Red Deer Regional Health Foundation:

Red Deer Regional Health Foundation is a one-star charity. It has a D Results Reporting grade, which is below average. Its reserves can cover grants for other eight years. For every dollar donated to the charity, 41 cents are available to go to the cause, which is outside Ci's reasonable range. Read Ci's report before donating.

Founded in 1994, Red Deer Regional Health Foundation (RDRHF) raises money to buy medical equipment and improve services primarily at Red Deer Regional Hospital. It also supports other health centres in Central Alberta. 

In F2023, RDRHF distributed $1.9m to Alberta Health Services for Red Deer Regional Hospital, $7k to other healthcare organizations, and $74k in scholarships. The charity also used $117k in program-related purchases.

RDRHF spent 38% of grants ($773k) on its Women and Children program. RDRHF purchases equipment for the hospital related to pregnancies and child illnesses. In F2023, RDRHF purchased six pieces of equipment, including an infant cardiac monitor, replacement megadyne pads to provide grounding in surgeries, Yellow Fin stirrups and boots to increase mom’s comfort, and zeppelin clamps.

RDRHF spent 23% of grants ($475k) on its Surgical Department program. RDRHF purchased a second faxitron for cancer patients, which increases the chances of successful surgeries. The OR team received a new ENT Navigation System. The machine grants real-time navigation of the CTR scan so the doctor does not damage the brain.

RDRHF spent 19% of grants ($390k) on its Other Units and Programs. The charity reports the Cardiac Care team performs almost 70,000 cardiac assessments a year. RDRHF funded a bronchoscope, a light ventilator, and Gildescope vital monitors.

RDRHF spent 6% of grants (119k) on its Emergency Department program. RDRHF funded an electromyography, a slit lamp, and a tablet. The charity states the tablets help avoid situations where a child might be restrained or sedated to receive treatment.

RDRHF spent 5% of grants ($106k) on its Rural Centres program. The charity did not report any quantitative results on this program.

RDRHF spent the remaining 10% ($194km) on its Diagnostic Imaging and Addictions and Mental Health programs.

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Results and Impact

Charity Intelligence could not find any quantified results on RDRHF. This may not be a complete representation of the charity’s results and impact.

This charity is not yet rated on impact (n/r).

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Finances

Red Deer Regional Health Foundation received $3.7m in donations and special events in F2023. RDRHF spent $2.1m on grants, which is 57% of total donations in F2023.

Administrative costs are 15% of revenue (excluding investment income), and fundraising costs are 44% of donations. Total overhead spending is 59%. For every dollar donated to the charity, 41 cents are available to go to the cause, which is outside Ci’s reasonable range.

RDRHF has $19.0m in reserve funds, of which $2.7m is donor-endowed. Excluding donor-endowed funds, the charity’s reserves can cover 839%, or eight years and five months of its annual program costs.

In F2023, RDRHF ran a lottery that returned $2.0m in revenue after expenses.

RDRHF’s $14.8m in investments returned 2% in F2023. Over the past ten years, the charity’s investments averaged a return of 6%.

The charity has $13.0m in committed restricted funds in F2023. The majority of which are committed to projects with Alberta Health Services.

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 February 12, 2024 by Liam Chapleau.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Administrative costs as % of revenues 14.6%14.7%10.5%
Fundraising costs as % of donations 44.4%63.2%85.8%
Total overhead spending 59.0%77.8%96.3%
Program cost coverage (%) 839.3%1,309.6%1,216.4%

Summary Financial Statements

All figures in $s
202320222021
Donations 2,639,5111,636,7751,595,081
Government funding 167,970195,821368,226
Lotteries (net) 2,029,5882,293,6842,727,017
Special events 1,029,053789,1191,066,081
Investment income 239,291231,7961,821,705
Other income (1,003,545)(267,535)585,866
Total revenues 5,101,8684,879,6608,163,976
Grants 2,079,1621,388,9341,384,114
Administrative costs 710,007680,850666,582
Fundraising costs 1,630,3091,531,8582,282,172
Total spending 4,419,4783,601,6424,332,868
Cash flow from operations 682,3901,278,0183,831,108
Capital spending 000
Funding reserves 19,045,29319,138,37917,912,424

Note: Ci included Lottery and Auction expenses within revenue, decreasing both revenue and expenses by ($1.6m) in F2023, ($1.7m) in F2022, and ($803k) in F2021. Ci accounted for deferred revenue, affecting revenue by ($1.0m) in F2023,($268k) in F2022, and $516k in F2021. Ci included donated goods within special events revenue and fundraising costs as goods in kind were used for fundraising purposes.

Salary Information

Full-time staff: 9

Avg. compensation: $55,037

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
3
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.rdrhfoundation.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-343-4773

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