Gatineau Health Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
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.
52%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.
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Programs
About Gatineau Health Foundation:
Founded in 1984, Gatineau Health Foundation raises money to support the Outaouais Integrated Health and Social Services Center (CISSS), a hospital and social service provider in the region of Outaouais. The foundation hopes to improve the quality of health care patients receive. In F2018, the foundation granted $3.1m to the hospital. Funds collected are used to purchase medical equipment, support prevention programs, and fund investment projects.
Gatineau Health Foundation’s granting activities allowed the hospital to purchase 37 new beds with barriers that prevent patients from falling out of them. The foundation was also able to help the hospital purchase equipment such as a bladder echograph, technegas technology, a balloon intra-aortic counter-drive, and 15 new cardio-memos. The charity reports that the implementation of these new pieces of equipment will help the hospital become more efficient and serve patients faster.
In F2019, the foundation helped set up a pediatric ophthalmology service in the hospital that diagnoses and treats children’s eye problems. This type of service was previously unavailable in Gatineau. Patients will no longer have to travel to Ottawa to receive a consultation or operations.
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Finances
The Gatineau Health Foundation is considered a medium-cap charity with donations of $2.0m in F2018. Its administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 38% of donations. For every dollar donated to the charity, 52 cents go to its programs. This is outside of Ci’s reasonable range for overhead costs. The charity has net funding reserves of $10.7m. Reserves can cover program costs for almost 3 and a half years.
Please note: this report was prepared by an English-speaking analyst using the audited financial statements which are in French.
This report is an update that has been sent to Gatineau Health Foundation. Changes and edits may be forthcoming.
Updated July 31, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
---|---|---|---|
Administrative costs as % of revenues | 9.4% | 9.2% | 10.0% |
Fundraising costs as % of donations | 38.5% | 27.5% | 40.5% |
Total overhead spending | 48.0% | 36.7% | 50.6% |
Program cost coverage (%) | 343.3% | 222.5% | 249.0% |
Summary Financial StatementsAll figures in $s |
2018 | 2017 | 2016 |
---|---|---|---|
Donations | 2,038,733 | 2,570,750 | 2,003,727 |
Government funding | 7,693 | 8,124 | 5,944 |
Business activities (net) | 2,649,648 | 2,388,088 | 2,586,373 |
Investment income | 270,986 | 456,016 | 101,422 |
Total revenues | 4,967,060 | 5,422,978 | 4,697,466 |
Grants | 3,120,409 | 4,077,984 | 3,770,441 |
Administrative costs | 443,279 | 456,190 | 461,310 |
Fundraising costs | 785,669 | 707,737 | 812,164 |
Total spending | 4,349,360 | 5,241,910 | 5,043,920 |
Cash flow from operations | 617,703 | 181,067 | (346,449) |
Capital spending | 144,756 | 231,127 | 1,627,880 |
Funding reserves | 10,712,700 | 9,071,621 | 9,386,905 |
Note: Ci recognized deferred revenues affecting total revenue by $247k in F2018, ($450k) in F2017, and ($508k) in F2016. Ci removed loss on write-off of plant, property, and equipment from revenues.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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