Peterborough Regional Health Centre Foundation

1 Hospital Drive
Peterborough, ON K9J 7C6
President & CEO: Lesley Heighway
Board Chair: Bill Blair

Charitable Reg. #:11909 1825 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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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.

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.



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Programs

About Peterborough Regional Health Centre Foundation:

Founded in 1980, Peterborough Regional Health Centre Foundation (PRHC Foundation) raises money to purchase equipment for Peterborough Regional Health Centre.  The foundation hopes to improve the quality of care provided at the hospital by attracting top medical professionals, saving lives, and easing patients’ pain. Through these programs, PRHC serves up to 600,000 people, of which 300,000 people were referred through programs in critical care areas like the District Stroke Program and the Intensive Care Unit (ICU). PRHC Foundation reports that PRHC had a 5% increase in patient visits over the previous year.

In F2018, PRHC Foundation granted 61% ($3.7m) of funds to patient care/equipment, including programs such as cancer care and emergency care, as well as 39% to building the Learning Centre Build.

PRHC reports that each year it may perform up to 43,358 ECG tests, 21,899 surgical procedures, and 23,400 X-ray exams. In F2018, PRHC opened a new 715,000-square-foot facility for patient care.

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Finances

Peterborough Regional Health Centre Foundation is a medium-sized charity with donations of $6.8m in F2018. Fundraising and administrative costs are 19% of revenues (excluding investment income). Salary, admin, and fundraising costs have been allocated to fundraising and admin as the foundation has not distinguished salary expenses (a material amount) to either fundraising or admin expenses.  For every dollar donated, 81 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

PRHC Foundation has $10.4m in funding reserves which could cover annual granting for 1.3 years, excluding donor endowed funds. Donor endowed funds are not disclosed separately from PRHCF's endowment funds that include board endowed funds. At year-end 2018, RPHC Foundation had commitments to pay for $2.2m of hospital equipment, technology, and patient care.

PRHCF's audited financial statements are only available through a request for information with the CRA Charities Directorate, showing it is not financially transparent. The audited statements are historically ready in June. At the time of this update, only the F2018 financials were available from the CRA Charities Directorate.

This charity report has been sent to Peterborough Regional Health Centre Foundation for review. Changes and edits may be forthcoming.

Updated on July 9, 2019, by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Fundraising & admin costs as % of revenues 18.9%30.1%33.1%
Total overhead spending 18.9%30.1%33.1%
Program cost coverage (%) 170.7%578.1%399.9%

Summary Financial Statements

All figures in $000s
201820172016
Donations 6,8084,0853,859
Business activities (net) 153137115
Investment income 19224780
Total revenues 7,1534,4694,054
Grants 6,1121,9552,558
Fundraising & administrative costs 1,3151,2691,315
Total spending 7,4273,2243,873
Cash flow from operations (273)1,245182
Capital spending 441
Funding reserves 10,43011,30410,231

Note: Ci has reported net income from gift shop operations separately from donations. Amortization has been removed from administrative and fundraising costs pro-rata. Salary costs have been allocated to fundraising.

Salary Information

Full-time staff: 11

Avg. Compensation $77,561

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
0
$80k - $120k
3
$40k - $80k
6
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.prhcfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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