Grand River Hospital Foundation
Kitchener, ON N2G 1G3
President & CEO: Tracey Bailey
Board Chair: Helen D.K. Friedman
Website: www.grhf.org
Charitable Reg. #: 88918 0394 RR0001
Charity Rating
Results Reporting
Grade: D+
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Cents to the Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2013 | 2014 | 2015 |
Full-time staff #8
Avg. Compensation $77,630
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 0 |
| $160k - $200k | 0 |
| $120k - $160k | 0 |
| $80k - $120k | 4 |
| $40k - $80k | 2 |
| < $40k | 2 |
About Grand River Hospital Foundation:
In 1995, Freeport Hospital Foundation and Kitchener-Waterloo Hospital Foundation merged to become Grand River Hospital Foundation (GRHF). GRHF fundraises for Grand River Hospital, to be used for patient care, equipment needs, capital building projects and renovations, and local clinical and health research and education.
Grand River Hospital Foundation reports that one of its fundraising priorities is its Freeport Campus, a rehabilitative care center that offers specialized services for the community. GRHF also reports that its Freeport Campus needs a new Patient Wandering System to protect patients at risk of wandering. GRHF’s other fundraising priorities include childbirth and children’s services, cancer programs and surgical programs.
In F2016, Grand River Hospital Foundation provided $5 million in grants to Grand River Hospital.
Financial Review:
Grand River Hospital Foundation is a large charity, with donations of $8.2m in F2016. Its administrative costs are 12% of revenues and its fundraising costs are 19% of donations. For every $1 donated to the charity, 69 cents is put towards its programs, falling within Ci’s reasonable range. The charity’s funding reserves of $34.8m include $2.7m in donor-endowed funds. This results in a program cost coverage ratio, excluding donor-endowed funds, of 661%. This means that the charity can cover 6.6 years of its annual programs using its existing reserves.
This charity report is an update that is being reviewed by Grand River Hospital Foundation. Changes and edits may be forthcoming.
Updated on August 2, 2016 by Lynn Tay.
Financial RatiosFiscal year ending March |
2015 | 2014 | 2013 |
|---|---|---|---|
| Administrative costs as % of revenues | 12.1% | 11.1% | 13.3% |
| Fundraising costs as % of donations | 18.8% | 19.5% | 20.5% |
| Program cost coverage (%) | 696.7% | 550.2% | 721.7% |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
|---|---|---|---|
| Donations | 8,221 | 5,826 | 5,140 |
| Goods in kind | 3 | 28 | 13 |
| Investment income | 1,614 | 3,811 | 2,454 |
| Total revenues | 9,838 | 9,665 | 7,607 |
| Grants | 4,989 | 5,926 | 4,334 |
| Administrative costs | 997 | 650 | 685 |
| Fundraising costs | 1,549 | 1,138 | 1,053 |
| Cash flow from operations | 2,303 | 1,951 | 1,534 |
| Funding reserves | 34,758 | 32,602 | 31,280 |
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The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.
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