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.

• 51% of our financial support was received from Interior
  Health Authority in the fiscal year. The funding falls
  short of direct operational costs and where grants,
  donations and fundraising do not cover the shortfall it
  is taken from reserves. These donations are critical to
  the sustainability of the NOHS.
• Fundraising was much more successful this fiscal year
  than last largely due to the major renovations needed
  in 2024 that will be funded by donations sourced in
  2023-24. NOHS was able to fundraise $590,000
  thanks to the Foord Family Foundation and
  BC Gaming Capital Grant. In addition, NOHS raised
  $418,630 thanks to sponsors, volunteers and the
  community support
• RISK: Donations and fundraising are unpredictable
  and competition for grant funds is high. The success
  of fundraising efforts can impact the financial
  sustainability of the organization NOHS recognized
  $392,424 in investment income and increased
  investment balances by $888,926 in the fiscal
  year mainly as a result of funds donated, which are
  restricted to be spent on 2024 renovations.
• Expenditures in excess of donations are paid through
  the use of reserve funds.
• RISK: Depletion of Reserve funds lowers investment
  income and reserve funds are limited and cannot
  sustain NOHS for more than four to seven years. .

Operational Expense Notes:

• Paid staff members include management, care staff,
  support staff and administrative and finance staff.
  Wage costs were approximately 76% of the total costs
  at $2.4 million per year.
• Our care staff and support staff are members of the
  BC Nurses Union (BCNU) and our collective agreement
  was ratified in December 2022 and remains in effect
  until May 31, 2025.
• 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 the 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.
  NOHS has a three year contract with IHA to provide
  palliative hospice care in our twelve bed Hospice
  House which expires September 30, 2025. Renewal
  of the contract will need to be negotiated with IHA. 
• RISK:  NOHS must remain competitive with wage
  rates to attract and retain care staff as the world
  experiences a crisis with a shortage of nursing and
  care workers. 

Audited Financial Statements:

• 2023-2024
• 2022-2023
• 2021-2022