Saskatoon City Hospital Foundation

701 Queen Street
Saskatoon, SK S7K 0M7
CEO: Steve Shannon
Board Chair: Greg Porter

Charitable Reg. #:11914 0739 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.

81%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.



My anchor

Programs

About Saskatoon City Hospital Foundation:

Founded in 1983, Saskatoon City Hospital Foundation (SCHF) builds relationships and raises funds to support the work of Saskatoon City Hospital with its patients and communities that it serves. Its three main focus areas are research (78% of F2018 program costs), equipment, technology, and capital improvements (21%), and professional development (1%). Historically, funding goes mostly to equipment, however, F2018 was different because SCHF fully disbursed $5m, accumulated over several years, towards the creation of a Saskatchewan Chair for Multiple Sclerosis Clinical Research at University of Saskatchewan. In F2018, Saskatoon City Hospital serviced a total of 174,464 patient visits.  

In F2018, Saskatoon City Hospital performed 79,975 outpatient procedures, 51 medical imaging procedures, 8,149 day surgeries, 6,297 scoping procedures, 1,588 eye procedures, and serviced 5,425 inpatient discharges and 21,456 ER visits. 

Saskatoon City Hospital Foundation supported the hospital by providing $6.6 million in funding in F2018. This was to equip the hospital in its role as a provincial leader in eye care, gynecology, day surgery, orthopedics, rehabilitation, and breast health care. The Foundation also supports medical teaching and research through programs such as the Cameco MS Neuroscience Research Center. Since 2013, the Foundation has enabled the Hospital to purchase, among other things, a 3D mammography unit, an endoscopic ultrasound, a point-of-care ultrasound in the emergency department, a vein viewer, and a $2 million upgrade and modernization of the Surgical Pathology Lab. 

My anchor

Finances

Saskatoon City Hospital Foundation is a medium-sized charity with donations and special events revenue of $3.6m in F2018. Its administrative costs are 15% of revenues and its fundraising costs are 4% of donations. For every dollar donated, 81 cents go to the cause, which is within Ci’s reasonable range for overhead spending 

SCHF has $12.8m in total funding reserves, of which $4.7m is donor-endowed. This results in a program cost coverage ratio of 125%, excluding donor-endowed funds. This means SCHF can cover 1.25 years of its annual program costs using its existing reserves. SCHF used external fundraisers in F2018. The charity spent $208k to raise $1.2m from the external fundraiser for a cost of 17 cents per dollar raised. 

This charity profile is an update that has been sent to Saskatoon City Hospital Foundation for review. Changes may be forthcoming.

Updated June 28, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 15.0%17.5%12.2%
Fundraising costs as % of donations 3.7%4.8%2.4%
Program cost coverage (%) 191.3%893.8%486.7%

Summary Financial Statements

All figures in $000s
201820172016
Donations 3,5372,8174,257
Goods in kind 2000
Lotteries (net) 1,095983993
Business activities (net) 405468507
Special events 232319
Investment income 746877
Other income 1531530
Total revenues 5,3064,5125,853
Program costs 8751639
Grants 6,5941,6392,067
Administrative costs 783776703
Fundraising costs 131136101
Cash flow from operations (2,290)1,9092,342
Funding reserves 12,78215,10713,174

Note: Ci has included the earnings from the Foundation’s joint venture investment in revenue, affecting revenues by $135k in F2018, $125k in F2017, and $95k in F2016.  An adjustment was made to grants reflecting the change in Due to Saskatoon Hospital year over year, affecting spending by $64k in F2018, $175k in F2017, and ($238k) in F2016. 

Salary Information

Full-time staff: 7

Avg. Compensation $98,523

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
1
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

My anchor

Comments & Contact

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Charity Contact

Website: www.saskatooncityhospitalfoundation.com
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