Saskatoon City Hospital Foundation

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

Website: www.saskatooncityhospitalfoundation.com
Charitable Reg. #: 11914 0739 RR0001

Sector: Health - Hospital Foundation

Public Foundation

Charity Rating

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Results Reporting

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #6

Avg. Compensation $94,456

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	4
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Saskatoon City Hospital Foundation:

Founded in 1983, Saskatoon City Hospital Foundation’s mission is to “raise funds to support excellence and innovation in the work of Saskatoon City Hospital with its patients and communities that it serves.” Its three main focuses are new equipment (95% of F2016 program costs), professional development (3%), and research (2%). The charity notes that the amount spent on professional development and research have not changed significantly from F2015 to F2016, however a significant gift from an anonymous donor enabled the Foundation to allocate a larger than average percentage of spending to equipment in F2016.

In F2016, Saskatoon City Hospital had 132,300 patient visits, 70,000 outpatient procedures, 18,000 day surgeries, 18,000 emergency visits, 7,800 scoping procedures, 6,500 eye care procedures, 6,500 medical imaging visits, and 5,500 inpatient stays.

Saskatoon City Hospital Foundation supported the hospital by providing $2.3 million in funding in F2016. This funding went towards: Surgery, Pathology Lab, Rehab, Nursing Education, Women’s Health, Geriatric Evaluation, Post-Anesthetic Care Unit, Emergency, Pharmacy, Eye Care Centre, Medical Library, Breast Health Centre, Convalescent Unit, and the Cameco MS Neuroscience Research Centre. Since 2013, the Foundation has enabled the Hospital to purchase, amoung 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.

Financial Review:

Saskatoon City Hospital Foundation is a medium-sized charity with donations and special events revenue of $4.3m in F2016. Its administrative costs are 9% of revenues and its fundraising costs are 7% of donations. For every dollar donated, 84 cents go towards the Foundation’s programs, falling within Ci’s reasonable range. The Foundation has $13.2m in total funding reserves, of which $4.7m is donor-endowed. This results in a program cost coverage ratio excluding donor-endowed funds of 313%, meaning that the charity can cover 3.1 years of its annual program costs using its existing reserves at F2016 granting levels, or 7 years using the average spending over the past three years. However, these reserves may be inflated as Saskatoon City Hospital Foundation had multiple large projects underway during that period which required the accumulation of more funds than usual.

This charity profile is an update currently under review by Saskatoon City Hospital Foundation.

Updated June 15, 2017 by Kevin Silberberg.

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	8.9%	12.7%	17.5%
Fundraising costs as % of donations	6.8%	12.8%	10.0%
Program cost coverage (%)	447.5%	2,483.6%	916.7%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	4,257	1,777	1,893
Goods in kind	0	20	6
Lotteries (net)	993	992	812
Business activities (net)	507	537	394
Special events	19	31	35
Investment income	77	91	85
Other income	0	0	100
Total revenues	5,853	3,448	3,327
Program costs	639	103	112
Grants	2,305	340	850
Administrative costs	514	426	568
Fundraising costs	290	231	193
Cash flow from operations	2,105	2,349	1,605
Funding reserves	13,174	10,997	8,816

Note: Ci has included the earnings from the Foundation’s joint venture investment in revenue, affecting revenues by $95k in F2016, $127k in F2015, and $119k in F2014. Ci has also included the earnings from clinical research in revenues, affecting revenues by $100k in F2014.

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