Financial

North Okanagan Hospice Society relies on our partners: Interior Health Authority, the Province of British Columbia and the residents of the North Okanagan to provide end-of-life care services. Working together with our partners, we strive to achieve excellence in the delivery of quality end-of-life care.

Revenue Notes:

  • NOHS is grateful for the ongoing financial support of the Province of BC which includes Interior Health Authority funding and Community Gaming Grants.  
    Risk: Interior Health funding does not cover the cost of operating Hospice House. The shortfall is covered by fundraising. We endeavour to mitigate this risk by engaging IHA in ongoing discussions about funding.
  • Fundraising is required to sustain our programs and services. NOHS organizes two major fundraisers: Dancing with the Vernon Stars and the Journeys Campaign. The benefit of these fundraisers is two-fold: raising funds and raising awareness of end-of-life care issues in our community. We attribute the financial success of these fundraisers to ongoing community support through sponsorship, event participation and gifts-in-kind. 
    Risk: Fundraising is increasingly competitive and expensive. In our relatively small catchment area, we compete with other worthy charities for limited charitable donations and event proceeds. Creativity in event management, focused attention on donor appreciation and evaluation of fundraising costs are tools used to mitigate this risk.
  • We are so thankful to the kind and thoughtful members of our community who remember Hospice in their wills through bequests.
    Risk: Bequest amounts vary greatly from year to year and therefore cannot be conservatively considered operational funding. Bequests are typically invested to generate interest income which is used for equipment and building infrastructure needs and to provide seed funding for new programs.
  • Grant writing is becoming an important source of funding for NOHS. The Sovereign Order of St John and the Royal Canadian Legion are examples of two organizations which provided grant funding for innovative programming and equipment replacement.
  • Residents at Hospice House pay a daily fee as mandated by the Ministry of Health. This fee and other nominal fees for counselling services are ongoing sources of revenue for NOHS

Operational Expense Notes:

  • Wages include: management, care staff, support staff and administrative/finance staff. Care staff and support staff are members of the BC Nurses Union (BCNU). Unionized staff member wages are negotiated with the BCNU.
  • NOHS commits to a sustainable wage structure by conducting annual wage evaluations and comparisons.
  • Residential & Facility costs include maintenance for the building & grounds, utilities, medical supplies, housekeeping supplies and groceries.
  • Fundraising expenses include event expenses.
  • Organization Development & Administration expenses include staff professional development, board governance, insurance, property tax and office expenses

View the audited Financial Statements for 2015-2016