Oakville Hospital Foundation

3001 Hospital Gate
Oakville, ON L6M 0L8
CEO: Tina Triano
Board Chair: Christie Henderson

Website: www.oakvillehospitalfoundation.com
Charitable Reg. #: 13145 3490 RR0001

Sector: Health - Hospital Foundation

Public Foundation

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 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

Full-time staff #12

Avg. Compensation $111,341

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	1
$160k - $200k	0
$120k - $160k	0
$80k - $120k	4
$40k - $80k	5
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

About Oakville Hospital Foundation:

Founded in 1991, Oakville Hospital Foundation (OHF) raises funds for Oakville Trafalgar Memorial Hospital, a part of Halton Healthcare Services. OHF’s mission is to fund the medical equipment necessary to provide high quality patient care. For the past 3 years, OHF has been fundraising for a new hospital facility for Oakville Trafalgar Memorial Hospital. In F2015, the new building opened up. The hospital can now serve 3 times as many patients.

In F2015, Oakville Hospital Foundation spent $43m on purchasing equipment and furniture for the new hospital. New equipment include robotic pill picker machines to sort medications, ECG machine to monitor heart activity, operating tables for surgery and physiological monitors to track patients in critical conditions. The hospital also upgraded its CT scanners and MRI machines.

Financial Review:

Oakville Hospital Foundation is one of Canada’s Major 100 charities, receiving donations of $16.3m in F2015. Total overhead costs come to 14%, falling within Ci’s reasonable range. OHF has funding reserves of $21.4m that can cover program costs for 6 months. Excluding donor-endowed funds of $10.1m, funding reserves can cover program costs for 3 months. OHF reduced its funding reserves by $23m in F2015 primarily by purchasing new equipment and furniture for the new hospital centre in F2015.

This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.

Updated on June 30th, 2016 by Mirza Ali Shakir.

Financial Ratios Fiscal year ending March	2015	2014	2013
Fundraising & admin costs as % of revenues	13.8%	13.9%	15.8%
Program cost coverage (%)	49.8%	713.5%	268.4%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	16,227	16,809	14,444
Business activities (net)	3,638	3,454	3,457
Investment income	1,661	1,702	990
Total revenues	21,526	21,965	18,891
Grants	43,088	6,381	12,160
Fundraising & administrative costs	2,746	2,808	2,828
Cash flow from operations	(24,308)	12,776	3,903
Funding reserves	21,442	45,528	32,634

Note: Ci reports net revenues from parking operations, decreasing both revenues and expenses by $476k in F2015, $437k in F2014 and $454k in F2013. Ci reports net revenues from the Work-Fit Therapy Centre, reducing both revenues and expenses by $859k in F2015, $742k in F2014 and $651k in F2013. Ci removed amortization from administrative and funding costs. Ci included donations and grants distributed in its expenses calculation.

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