Trillium Health Partners Foundation
Mississauga, ON L5B 1B8
Board Chair: Colin Saldanha
Treasurer: David Regan
Website: www.trilliumgiving.ca
Charitable Reg. #: 11924 5678 RR0001
Charity Rating
Donor Accountability
Grade: B-
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
endowed
Spending Breakdown
Full-time staff #14
Avg. Compensation $237,886
Top 10 Staff Salary Range
| $350k + | 1 |
| $300k - $350k | 0 |
| $250k - $300k | 0 |
| $200k - $250k | 1 |
| $160k - $200k | 1 |
| $120k - $160k | 3 |
| $80k - $120k | 4 |
| $40k - $80k | 0 |
| < $40k | 0 |
About Trillium Health Partners Foundation:
Founded in 1971, the Trillium Health Partners Foundation raises funds for the Trillium Health Partners — the Credit Valley Hospital, Mississauga Hospital, and Queensway Health Centre. The donations to the foundation are used in areas where the government does not fund. The foundation held 118 community fundraising events in F2015 and funding priorities include: patient care spaces, equipment and technology, research and education, and training of care professionals. The Trillium Health Partners have 8,185 staff, 1,138 medical professionals, and 2,222 volunteers. In F2015, Trillium Health Partners received a total of 1,613,290 patient visits, including 61,844 inpatient admissions and 266,681 emergency department visits. The Trillium Health Partners performed 63,525 surgical procedures, 661,636 diagnostic services, and 8,722 births.
Financial Review:
In F2016, the Trillium Health Partners Foundation's administrative costs were 3% of revenues, while fundraising costs were 12% of donations. Total overhead costs of 15% fall within Ci's reasonable range. The foundation has funding reserves of $59m, including donor-endowed funds of $16m. The total funding reserve can cover annual grants and programs for 6.4 years or 5.1 years excluding donor-endowed funds. In F2016, the foundation spent $4m on staff salaries and benefits and granted a total of $5m to the Trillium Health Partners in F2016.
Analysis updated by Ruoxi Gao in 2016, currently under review by the Trillium Health Partners Foundation.
Financial RatiosFiscal year ending March |
2016 | 2015 | 2014 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.4% | 4.4% | 3.3% |
| Fundraising costs as % of donations | 11.7% | 13.3% | 12.2% |
| Program cost coverage (%) | 644.2% | 458.5% | 785.0% |
Summary Financial StatementsAll figures in $000s |
2016 | 2015 | 2014 |
|---|---|---|---|
| Donations | 16,800 | 12,424 | 12,396 |
| Business activities (net) | 0 | 1,055 | 1,671 |
| Special events | 3,265 | 3,532 | 3,317 |
| Investment income | (198) | 1,911 | 2,796 |
| Total revenues | 19,866 | 18,922 | 20,180 |
| Program costs | 3,898 | 3,424 | 3,487 |
| Grants | 5,262 | 7,802 | 2,417 |
| Administrative costs | 675 | 743 | 572 |
| Fundraising costs | 2,339 | 2,123 | 1,918 |
| Cash flow from operations | 7,693 | 4,830 | 11,785 |
| Funding reserves | 59,011 | 51,469 | 46,350 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.
Comments added by the Charity:
Ci does not include investment income in the calculation of Fundraising and administrative costs as a percentage of revenue, while the Foundation calculates it as a percentage of total revenues - 33% in 2013, 28% in 2012, and 30% in 2011. Annual program cost coverage may vary significantly year-over-year as grants are distributed in lump sums pre-determined by the Hospital's cash flow requirements for major capital redevelopment. Average compensation shown represents total salary and benefits costs divided by number of employees, and does not represent average salary.