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Improving Life, Providing Hope

Health - Palliative

Orangeville, ON

Southlake Regional Health Centre Foundation

102-581 Davis Drive
Newmarket, ON L3Y 2P6
President & CEO: Susan Mullin
Board Chair: Dave Wattling

Website: www.southlakefoundation.ca
Charitable Reg. #: 13179 7540 RR0001

Sector: Health - Hospital Foundation

Public Foundation

Charity Rating

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Results Reporting

Grade: C+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

donor
endowed

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2015	2016	2017

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #20

Avg. Compensation $105,652

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	1
$200k - $250k	0
$160k - $200k	1
$120k - $160k	1
$80k - $120k	5
$40k - $80k	2
< $40k	0

Information from most recent CRA Charities Directorate filings for F2017

About Southlake Regional Health Centre Foundation:

Southlake Regional Health Centre Foundation is the fundraising arm of Southlake Regional Health Centre, a full-service hospital located in Newmarket, Ontario. The charity fundraises to support Southlake Regional Health Centre and the community it serves. In F2017, the charity granted $10.8m to Southlake Regional Health Centre and $15k to the community on behalf of the hospital.

Southlake Regional Health Centre Foundation raises money for equipment, technology, and renovation projects across cardiac, cancer, surgical, mental health, maternal child & paediatrics, emergency, medicine, and paramedical programs. In F2017, the foundation replaced 9 anesthesia machines, and aims to continue replacing the whole fleet of 24 machines. The hospital annually performs over 1,100 cardiac surgeries, 13,000 operating room procedures, and 2,600 birth deliveries. In its paramedic program, the hospital performed 323,096 diagnostic exams, 18,923 MRI scans, and 27,496 CT scans in a year. The foundation’s F2017 annual report said constructions were underway for a 10-bed residential hospice that will provide end-of-life care to over 250 patients and their families annually.

Results and Impact: Southlake Regional Health Centre Foundation reports that the hospital has 99% patient satisfaction in its cancer ward and that the hospital has the top Regional Cancer program in Ontario based on 16 provincial performance indicators. The foundation also states that at an average of 40 minutes, the hospital has had the shortest emergency wait time in Ontario for three consecutive years.

Financial Review:

Southlake Regional Health Centre Foundation is a Large charity with $10.8m in donations in F2017. Administrative costs are 13% of revenues, down from 17% in F2015. Fundraising costs are 22% of donations. For every dollar donated, 65 cents go to the cause, falling just outside of Ci's reasonable range. The foundation has funding reserves of $30.1m, including $11.1m of donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover annual grants for 1.9 years.

This charity report is an update that has been sent to Southlake Regional Health Centre Foundation for review. Changes and edits may be forthcoming.

Updated on July 18, 2018 by Joeyanne Cheung.

Financial Ratios Fiscal year ending March	2017	2016	2015
Administrative costs as % of revenues	13.3%	14.9%	17.0%
Fundraising costs as % of donations	22.1%	24.2%	25.2%
Program cost coverage (%)	279.3%	1,037.3%	240.5%

Summary Financial Statements All figures in $000s	2017	2016	2015
Donations	10,827	10,070	7,943
Investment income	2,836	(603)	1,956
Total revenues	13,662	9,467	9,899
Program costs	0	0	0
Grants	10,787	2,951	11,760
Administrative costs	1,441	1,497	1,346
Fundraising costs	2,397	2,434	2,002
Cash flow from operations	(963)	2,584	(5,209)
Funding reserves	30,129	30,614	28,279

Note: Ci used administrative and fundraising cost allocations from the charity's T3010 CRA filing as the charity did not report fundraising costs separately from administration costs on its audited financial statements. In F2015, the foundation reported an undisclosed negative expense that Ci has taken out of Administrative costs.

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