Royal Alexandra Hospital Foundation
Edmonton, AB T5H 3V9
President & CEO: Andrew Otway
Board Chair: John Day
Charitable Reg. #: 11912 6217 RR0001
Grade: BThe 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 #16
Avg. Compensation $103,695
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||2|
|$40k - $80k||5|
About Royal Alexandra Hospital Foundation:
Founded in 1984, Royal Alexandra Hospital Foundation (RAHF) raises funds for patient care, technology and research at Royal Alexandra Hospital, Lois Hole Hospital for Women, CK Hui Heart Centre and Eye Institute of Alberta. RAHF also works with University of Alberta to advance research. The charity aims to improve health care in Alberta.
In F2015, Royal Alexandra Hospital Foundation allocated $7.9m to patient care, technology and research. RAHF donated $3.4m to Lois Hole Hospital for Women to support the daVinci Robotic Surgery, a minimally invasive surgery program. The centre performs one robotic surgery every day. RAHF granted $1m to Women and Children’s Health Research Institute, $1m to Inner City Health and Wellness and $0.8m to Campaign for Prostate Health. By supporting the Royal Alexandra Hospital, Royal Alexandra Hospital Foundation funds treatment for half a million patients. In F2015, the hospital had 72,500 patient visits and performed 4,000 surgeries. Through its research funding, RAHF supported 11 clinical trials, 28 student awards and 28 research projects.
Royal Alexandra Hospital Foundation is a Big-Cap charity with donations and special event revenue of $4.5m in F2015. Administrative costs are 10% of total revenues and fundraising costs are 47% of total donations. Total overhead costs come to 56%, falling well outside of Ci’s reasonable range. RAHF has funding reserves of $43.5m that can cover program costs for 5.5 years. Excluding donor-endowed funds of $19.7m, funding reserves can cover program costs for 3.4 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on July 4th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||9.6%||10.6%||7.3%|
|Fundraising costs as % of donations||46.8%||55.0%||44.3%|
|Program cost coverage (%)||550.3%||960.2%||909.0%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(173)||2,824||1,896|