Oakville Hospital Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
70%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 70 cents are available for programs.
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OVERVIEW
About Oakville Hospital Foundation:
Oakville Hospital Foundation is a 2-star, financially transparent charity. Its results reporting score is C, which is below average. Its overhead spending is within Ci’s reasonable range. Its reserve funds can cover two years of annual program costs.
Founded in 1991, Oakville Hospital Foundation (OHF) raises funds for Oakville Trafalgar Memorial Hospital (OTMH), part of the Halton Healthcare system. In F2024, OHF reported grants of $9.5m. These grants were distributed over the following areas of need:
- 26% ($2.4m) went to other areas, including ICU units, nephrology, diabetes education, research, and outpatient clinics;
- 24% ($2.3m) went to surgery;
- 21% (2.0m) went to diagnostics and laboratory equipment;
- 9% ($795k) went to mental health;
- 7% ($627k) went to maternal healthcare;
- 5% ($472k) went to cancer care;
- 5% ($458k) went to emergency care; and
- 2% ($228k) went to cardiology.
In F2024, OHF reported 62,806 cardiology diagnostics, 38,808 surgical procedures, and 83,704 emergency department visits. It also ran 2,276,793 lab tests and had 68,243 mental health outpatient visits. In total, patients spent 186,522 days in hospital.
OTMH also reported the births of 2,698 babies in F2024.
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Results and Impact
Ci was unable to find quantified outcome data for OHF in F2024. This may not be a complete representation of the charity’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2024, Oakville Hospital Foundation received $17.4m in donations. Total overhead spending (combined administrative and fundraising costs) was 30%. For every dollar donated, 70 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
In F2024, Oakville Hospital Foundation had $33.9m in funding reserves. Included in these is $16.4m in donor-endowed funds. Excluding these funds, its reserves can cover two years of granting at the F2024 level. Its investment returns in F2024 were 8%. Returns have averaged 6% for the past five fiscal years. However, it does not report unrealized gain.
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 13, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 29.6% | 34.6% | 40.9% |
| Total overhead spending | 29.6% | 34.6% | 40.9% |
| Program cost coverage (%) | 202.6% | 205.7% | 268.1% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 17,423 | 13,506 | 9,324 |
| Investment income | 2,469 | 109 | 1,560 |
| Other income | (97) | 73 | 196 |
| Total revenues | 19,795 | 13,688 | 11,080 |
| Grants | 9,468 | 7,206 | 5,337 |
| Fundraising & administrative costs | 5,132 | 4,700 | 3,891 |
| Total spending | 14,600 | 11,906 | 9,228 |
| Cash flow from operations | 5,195 | 1,782 | 1,852 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 33,942 | 28,841 | 27,828 |
Note: Ci adjusted for donor-designated grants, affecting expenses by $1.5m in F2024, $900k in F2023, and $1.3m in F2022. Ci also adjusted for deferred revenue within other income, affecting revenue by $97k in F2024, $73k in F2023, and $18k in F2022. Ci included investment income within revenue, affecting it by $2.6m in F2024, $109k in F2023, and $1.6m in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
0 |
$80k - $120k |
7 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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