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United Way of Oakville
A great town for everyone
Fundraising Organization
Oakville, ON

Oakville Hospital Foundation

3001 Hospital Gate
Oakville, ON L6M 0L8
CEO: Mary McPherson
Board Chair: Tim Porter

Website: www.oakvillehospitalfoundation.com
Charitable Reg. #: 13145 3490 RR0001
Sector: Health - Hospital Foundation
Operating Charity

Charity Rating

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Donor Accountability

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 available only upon request [ 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¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #16

Avg. Compensation $94,823

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 0
$120k - $160k 2
$80k - $120k 4
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Oakville Hospital Foundation:

Founded in 1991, Oakville Hospital Foundation (OHF) raises funds for Oakville Trafalgar Memorial Hospital (OTMH), a part of Halton Healthcare. OHF’s mission is to fund the medical equipment necessary to provide high quality patient care. In F2018, OTMH performed over 15,000 MRI scans and 30,000 surgeries, handled over 80,000 emergency department visits, and delivered approximately 2,500 babies.

In F2018, Oakville Hospital Foundation granted $8.5m on purchasing equipment and technology for OTMH. New equipment includes an ophthalmology ultrasound unit, two ultrasound machines, a digital mammography machine, a digital x-ray machine, and a sentinel node navigator.

Financial Review:

Oakville Hospital Foundation is a Large charity with donations of $10.7m in F2018. Its administrative and fundraising costs are 26% of revenues less investment income. For every dollar donated, 74 cents go to the cause, falling within Ci’s reasonable range for overhead spending. Cost efficiency has fallen consistently since F2016 because donations have been falling more than the reduction in fundraising and administrative costs. OHF has funding reserves of $22.3m that can cover granting activities for 2.6 years. Excluding donor-endowed funds of $11.4m, funding reserves can cover grants for 1.4 years. Grants were lower in F2018 and F2017 due to the construction of the new hospital, which was opened in December 2015.

This charity report is an update that has been sent to Oakville Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on August 3, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March 		201820172016
Fundraising & admin costs as % of revenues 26.1%23.2%16.6%
Program cost coverage (%) 263.8%243.5%122.9%

Summary Financial Statements

All figures in $000s 		201820172016
Donations 10,71511,48314,105
Business activities (net) 191494,226
Investment income 9581,836(387)
Total revenues 11,69213,46817,944
Grants 8,4578,96816,145
Fundraising & administrative costs 2,8012,6943,044
Cash flow from operations 4341,806(1,245)
Funding reserves 22,31221,83719,844
Note: Ci removed amortization from administrative and fundraising costs. Ci included donations and grants distributed in expenses. The charity did not disclose administrative expenses in its financial statements, so Ci reported the charity's fundraising and administrative costs together.

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