Saskatoon City Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Saskatoon City Hospital Foundation:
Saskatoon City Hospital Foundation is a 2-star charity. It follows best practices in financial transparency and has reasonable overhead costs. However, it has a low results reporting grade and large funding reserves that can cover average granting for 5 years. Before you give, read Charity Intelligence's report.
Founded in 1983, Saskatoon City Hospital Foundation (SCHF) raises funds to support the work of Saskatoon City Hospital. In F2021, SCHF granted $1.6m to Saskatoon City Hospital. The hospital had 142,219 visits and procedures during the year. This included 68,712 outpatient visits, 21,193 emergency visits, and 5,611 inpatients.
In F2021, the foundation funded the purchase of a new ophthalmologic microscope for eye surgeries, a new procedure bed, and a fluoroscopy machine. It also helped fund a new cart utensil washer and two new steam sterilizers for its Medical Device Reprocessing department. It funded a new cystoscopy table for procedures like endoscopic urology as well as three new video tower stacks, three anesthetic gas machines, and three monitors. This equipment is used in surgical procedures. In 2021, funding from the foundation helped support two new geriatrician fellows at Saskatoon City Hospital.
More recently in 2022, the foundation funded the purchase of a new EyeSi Surgical Simulator. The simulator is a model of a patient’s head and eye that helps ophthalmology residents learn and practice surgeries. The foundation also helped pay for a Sonesta S3 table used for gynecology, cytology, and urology procedures.
Saskatoon City Hospital Foundation also supports the Cameco MS Neuroscience Research Centre. The Centre has 70 principal investigators, research fellows, grad students, technicians, and support staff.
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Results and Impact
Charity Intelligence could not identify any quantified outcomes on Saskatoon City Hospital Foundation’s website. This may not be a complete representation of Saskatoon City Hospital Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Saskatoon City Hospital Foundation received $3.5m in donations and special events revenues in F2021. Combined fundraising and administrative costs are 16% of revenues. For each dollar donated, 84 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $15.6m include $5.3m of donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover granting costs at the F2021 level for almost 8 years. Using average granting over the past three years, funding reserves can cover almost 5 years of granting.
Saskatoon City Hospital Foundation reported using external fundraisers on its T3010 filing with the CRA. It did not report amounts collected by the fundraisers or amounts paid to the fundraisers. In F2020, SCHF spent $220k to raise $1.3m from external fundraisers, at a cost of 15 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 August 10, 2022 by Emily Downing.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
---|---|---|---|
Fundraising & admin costs as % of revenues | 15.8% | 26.8% | 38.0% |
Total overhead spending | 15.8% | 26.7% | 38.0% |
Program cost coverage (%) | 794.2% | 366.3% | 255.5% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 3,329 | 2,407 | 1,261 |
Goods in kind | 5 | 20 | 22 |
Lotteries (net) | 2,355 | 1,296 | 1,174 |
Business activities (net) | 215 | 148 | 149 |
Special events | 126 | 376 | 804 |
Investment income | 184 | 248 | 79 |
Total revenues | 6,213 | 4,495 | 3,489 |
Grants | 1,561 | 2,476 | 3,170 |
Donated goods exp | 5 | 20 | 22 |
Fundraising & administrative costs | 951 | 1,136 | 1,296 |
Total spending | 2,517 | 3,632 | 4,488 |
Cash flow from operations | 3,696 | 864 | (999) |
Capital spending | 0 | 0 | 0 |
Funding reserves | 15,625 | 13,068 | 12,266 |
Note: Charity Intelligence reported gross revenues from Black Tie Bingo and Swinging with the Stars. Ci reported the associated expenses as fundraising and administrative expenses, affecting total revenues and expenses by $11k in F2021, $190k in F2020, and $343k in F2019. Ci reported equity of earnings in joint venture in net business activities, affecting total revenues by $246k in F2021, $151k in F2020, and $138k in F2019. Ci reported loss (gain) on disposal of shares in non-cash expenses, affecting revenues and expenses by ($1k) in F2021 and ($0.2k) in F2020. Loss (gain) on disposal of shares was reported as an expense in F2019. Ci categorized net revenues from Festival of Trees under lotteries. Ci adjusted grant expenses by change in due to Saskatoon Hospital, affecting total expenses by ($50k) in F2021, ($58k) in F2020, and $224k in F2019.
Salary Information
$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 F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 1-306-655-8489