St. Joseph's Health Centre Foundation of Toronto
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
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.
59%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 59 cents are available for programs.
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Programs
About St. Joseph's Health Centre Foundation of Toronto:
St. Joseph's Health Centre Foundation of Toronto (SJHCF), registered in 1984, was created to receive and maintain funds to improve the facilities and services at St. Joseph's Health Centre Toronto.
St. Joseph's Health Centre Toronto, founded in 1921, is a full service acute care community teaching hospital in the Catholic tradition and provides services in southwest Toronto. The hospital’s patient care services include: Children, Emergency, Mental Health, Addictions, Surgery, Orthopedics, and Diagnostic Imaging. In F2017, St. Joseph's Health Centre Foundation of Toronto granted $2.6m to the hospital.
St. Joseph's Health Centre Foundation of Toronto spent 78% of grants on hospital renovations in F2017. In April 2016, the hospital finished its renovation of the children’s floor and clinic, including a play area and converting two examination rooms into four so pediatricians could increase patient visits. The same month, the hospital finished renovating the waiting area for patients having chemotherapy. The hospital created a calming lounge for mental health patients while they stay at the hospital.
Teaching, education, and research were 10% of grants in F2017. In 2017, the hospital trained 2,680 staff, 400 doctors, 600 medical students, and 570 interprofessional practice students.
St. Joseph's Health Centre Foundation of Toronto spent 7% of grants on patient care in F2017. In F2017, the hospital had over 100,000 emergency visits, over 247,000 outpatient care visits, and 3,275 births. It performed over 182,000 imaging procedures.
St. Joseph's Health Centre Foundation of Toronto’s remaining 5% of grants were spent on new technology and equipment. A new interventional suite was built with high imaging resolution imaging technology that allows between 12 and 14 life-saving procedures daily, such as performing biopsies to diagnose cancer, inserting devices to deliver chemotherapy, and stopping bleeding from post-surgical complications.
Results and Impact: The hospital’s new method to quickly assess the needs of emergency care patients led to patients directed faster to the appropriate care, resulting in 55% of patients discharged within two hours. In SJHCF’s fall 2017 newsletter, it reports that ten new digital chest tube units in the operating room allow patients who require lung surgery to walk around because the chest tubes are portable. The units also have a digital readout that informs patients of any lung air leaks, so doctors can react immediately.
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Finances
St. Joseph's Health Centre Foundation of Toronto is a Large charity with $7.3m in donations and special events revenue in F2017. SJHCF reports donations together with “other revenue” with no breakdown. In F2015, the charity reported $14.3m for this revenue category and provided no explanation for the 67% decline to $4.7m in F2016. In F2017, administrative costs were 7% of donations and fundraising costs were 34% of donations. For every dollar donated, 59 cents go to the cause, which falls outside of Ci’s reasonable range for overhead spending. The charity has $25.3m in funding reserves, which can cover grants for 9.9 years. This coverage does not show a need for funding. SJHCF reports endowed funds in its financial statements, but does not disclose how much is donor endowed and how much is internally board endowed.
This charity report is an update that has been sent to St. Joseph's Health Centre Foundation of Toronto for review. Changes and edits may be forthcoming.
Updated July 18, 2018 by Joeyanne Cheung.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
---|---|---|---|
Administrative costs as % of revenues | 6.9% | 7.6% | 3.8% |
Fundraising costs as % of donations | 33.9% | 42.0% | 13.5% |
Program cost coverage (%) | 988.1% | 1,141.5% | 1,153.3% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
---|---|---|---|
Donations | 6,114 | 4,692 | 14,280 |
Special events | 1,180 | 1,176 | 1,516 |
Investment income | 490 | 49 | 1,824 |
Total revenues | 7,784 | 5,917 | 17,620 |
Grants | 2,557 | 2,195 | 2,081 |
Administrative costs | 501 | 443 | 592 |
Fundraising costs | 2,476 | 2,462 | 2,134 |
Cash flow from operations | 2,250 | 817 | 12,812 |
Funding reserves | 25,269 | 25,052 | 24,006 |
Note: Ci did not include unrealized gains/losses in revenues, increasing revenues by $224k in F2015. Ci included investment management fees in investment income, reducing revenues and expenses by $79k in F2017, $76k in F2016, and $78k in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
1 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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