Royal Alexandra Hospital Foundation

10240 Kingsway
Edmonton, AB T5H 3V9
President & CEO: Andrew Otway
Board Chair: Brian Tod

Charitable Reg. #:11912 6217 RR0001

STAR RATING

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

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✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C+

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.

49%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 49 cents are available for programs.

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Programs

About Royal Alexandra Hospital Foundation:

Founded in 1984, Royal Alexandra Hospital Foundation (RAHF) works to improve the health of people in Alberta by raising money for Royal Alexandra Hospital. The foundation supports education, research, technology purchases, and capital projects in many of the hospital’s departments. The hospital sees hundreds of thousands of patients every year and in F2017 performed 44,165 surgeries, the most of any hospital in Alberta.  

In F2017, RAHF distributed $6.3m to healthcare programs with the largest grant received by Lois Hole Hospital for Women/Women’s Health, followed by General Purpose, Men’s Health, and Inner City Health & Wellness. Lois Hole is the only dedicated women’s hospital in Alberta. The 18 women’s doctors and 15 specialists performed thousands of procedures last year including the births of 7,500 babies. Within the Inner City program, RAHF donated $62k to a winter warming bus which offers hot soup, winter clothes, and a warm space for homeless people in Edmonton.

The Diagnostic Imaging department performs more than 200,000 procedures every year including x-rays, ultrasounds, and MRIs. Royal Alexandra Hospital Foundation is fundraising to purchase a PET/CT scanner. This machine would diagnose and treat early-stage diseases, especially cancer.

Results and Impact: RAHF previously purchased a da Vinci Robotic Surgical System for operations involving women’s cancers. The minimally invasive and precise surgeries have reduced pain, bleeding, hospital stay lengths, and recovery times for patients.

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Finances

Royal Alexandra Hospital Foundation is categorized as a Large charity with donations of $5.0m in F2018. RAHF received $4.0m in net revenue from lotteries, representing 37% of total revenue. Administrative costs are 10% of revenues and fundraising costs are 41% of donations. For each $1 donated, 49 cents go to the cause, falling below Ci’s reasonable range. RAHF has $43.6m in funding reserves, of which $22.6m is donor-endowed. Excluding donor-endowed funds, reserves could cover program costs for over 4 years.  

This charity report is an update that has been sent to Royal Alexandra Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on June 26, 2018 by Madison Kerr.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 10.0%8.2%6.1%
Fundraising costs as % of donations 40.9%38.7%48.2%
Program cost coverage (%) 732.0%682.5%865.4%

Summary Financial Statements

All figures in $000s
201820172016
Donations 4,9954,9514,592
Lotteries (net) 3,9802,4243,440
Investment income 1,7007,522(2,966)
Total revenues 10,67514,8985,066
Grants 5,9626,3264,863
Administrative costs 899603493
Fundraising costs 2,0431,9172,215
Cash flow from operations 1,7726,052(2,504)
Funding reserves 43,63843,17442,080

Note: Ci reports unrealized and realized gains on investments, affecting revenues by ($13k) in F2018, $2.5m in F2017, and ($2.5m) in F2016. Ci reports net revenues from lotteries, reducing revenues and expenses by $6.8m in F2018, $7.2m in F2017, and $6.8m in F2016. Amortization was removed from administrative and fundraising costs on a pro-rata basis.

Salary Information

Full-time staff: 20

Avg. Compensation $78,659

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
2
$80k - $120k
3
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.royalalex.org
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