Oakville Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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.
74%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 74 cents are available for programs.
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Programs
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.
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Finances
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 Review
Fiscal year ending March
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 26.1% | 23.2% | 16.6% |
| Program cost coverage (%) | 138.1% | 131.3% | 63.0% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 10,715 | 11,483 | 14,105 |
| Business activities (net) | 19 | 149 | 4,226 |
| Investment income | 958 | 1,836 | (387) |
| Total revenues | 11,692 | 13,468 | 17,944 |
| Grants | 8,457 | 8,968 | 16,145 |
| Fundraising & administrative costs | 2,801 | 2,694 | 3,044 |
| Cash flow from operations | 434 | 1,806 | (1,245) |
| Funding reserves | 22,312 | 21,837 | 19,844 |
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.
Salary Information
$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
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Comments & Contact
Comments added by the Charity:
Charity Contact
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