Financial Information

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 Palliative end-of-life care services. Working together with our partners, we strive to achieve excellence in the delivery of quality end-of-life care. See the breakdown of our financial information below.

Revenue Notes:

• 64.7% of our financial support was received from the Interior Health Authority in the fiscal year. We appreciate their ongoing support.
  RISK: The funding falls short of direct operational costs and where grants, donations and fundraising do not cover the shortfall it is taken from reserves.
• We are extremely grateful to the thoughtful members of our community who have supported NOHS with donations and bequests. These donations are as critical to the sustainability of the NOHS.
• Fundraising is recovering and was more successful this fiscal year than last.  NOHS was able to fundraise $282,485 thanks to sponsors, volunteers, and the community supporting those.
  RISK: Donations and fundraising is unpredictable and the success of fundraising efforts can impact the financial stability of the organizati0n.
• NOHS recognized $83,053 in investment income for the year, taking advantage of higher than normal short term investment opportunities.
  RISK: High short term rates result from higher than normal inflation and costs to maintain assets and sustain NOHS operations have also increased. NOHS has reserves to maintain that for four to seven years.
• In the prior year government wage subsidies of $245,530, were received by the organization, subsidies have been discontinued.

Operational Expense Notes:

• Paid staff members include management, care staff, support staff and administrative and finance staff.
• Wage costs were approximately 70% of the total costs at $1.97 million per year.
• NOHS entered into a three-year agreement with the Interior Health Authority to operate its 12 palliative and respite care beds providing a level of stability to revenue to off set wage costs.
• Operational costs such as utilities, repairs, groceries, and medical supplies are monitored closely to ensure that we are efficiently using all available resources.
  RISK: NOHS relies on Interior Health Authority (IHA) to fund our staff costs and the operational costs of the Hospice House. IHA funding does not reflect the actual cost of providing services at the House. 

View the audited Financial Statements for 2022-2023.