The Credit Valley Hospital Foundation

2200 Eglinton Avenue West
Mississauga, ON L5M 2N1
CEO: Steve Hoscheit
Board Chair: Michele Darling

Charitable Reg. #:10520 6353 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

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.

46%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 46 cents are available for programs.



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Programs

About The Credit Valley Hospital Foundation:

From 1982-2013, the Credit Valley Hospital Foundation was dedicated to raising the critical funds needed to address the highest priority needs of Trillium Health Partners, of which Credit Valley Hospital is a member.

As of F2014, Credit Valley Hospital Foundation and Trillium Health Centre Foundation have merged to become Trillium Health Partners Foundation. To view an updated profile on the amalgamated foundation, please click here.

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Finances

In its last year of operation, F2013, Credit Valley Hospital Foundation was a big-cap charity with donations and special events revenue of $6m. Fundraising costs were 51% of donations, and administrative costs were 3% of revenues. For every $1 donated to the charity, 46 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range of overhead spending. The Foundation had funding reserves of $11.4m (including $1.5m of donor-endowed funds), which cover annual program costs 15.9 times (15.4 times excluding donor-endowed funds).

Financial Review


Financial Ratios

Fiscal year ending March
201320122011
Administrative costs as % of revenues 3.0%2.9%3.0%
Fundraising costs as % of donations 50.9%37.9%36.5%
Program cost coverage (%) 1,588.7%192.6%84.1%

Summary Financial Statements

All figures in $000s
201320122011
Donations 3,9094,7774,782
Business activities (net) 879615328
Special events 2,1381,9861,037
Investment income 320214586
Total revenues 7,2467,5926,733
Grants 7184,2729,440
Administrative costs 207217181
Fundraising costs 3,0752,5622,124
Cash flow from operations 3,246541(5,012)
Funding reserves 11,4088,2287,941

Salary Information

Full-time staff: 14

Avg. Compensation $113,507

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
3
$40k - $80k
4
< $40k
0

Information from most recent CRA Charities Directorate filings for F2012

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Comments & Contact

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 - 36.6% in 2013, 34.2% in 2012, and 46.1% 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.

Charity Contact

Website: www.cvhfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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