St. Mary's General Hospital Foundation

911 Queen's Boulevard
Kitchener, ON N2M 1B2
President: Susan Dusick
Board Chair: Cynthia McIntyre

Charitable Reg. #:11918 9017 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

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.

78%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.

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Programs

About St. Mary's General Hospital Foundation:

Founded in 1986 in Kitchener, Ontario, St. Mary’s General Hospital Foundation (SMGHF) raises funds for research, hospital equipment, and patient care for St. Mary’s General Hospital. SMGHF highlights that Ontario’s current healthcare model does not cover 100% of required equipment for patient care to be its best. Therefore, to provide the newest, most efficient equipment and best patient care, additional funding is needed from organizations such as SMGHF. In F2018, SMGHF received $6.2m and granted $2.5m to the hospital. SMGHF reports that its first-class surgical program, through its eight operating rooms, provides local access to the most advanced surgical procedures available to more than 20,000 patients each year. 

In F2018, St. Mary’s General Hospital Foundation granted money for updated hospital equipment: $585k spent on IV pumps, $44k on OR lights, $18k on cardiac monitors, $220k on beds, $740k on cardiac ultrasound, $3k on cardiology cart, $34k on ventilator, $5k on an instrument table, and $11k on stepper and treadmill. In F2017, SMGHF reported that its surgical team performed 5,400 catheterizations and angioplasty procedures, 850 bypasses and valve surgeries, 590 pacemaker and ICD insertions, and serviced 10,000 outpatient clinic visits. 

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Results and Impact

In F2018, SMGHF reports a greater than 50 per cent reduction in cases of hospital acquired C. difficile infection and Methicillin Resistant Staphylococcus Aureus (MRSA). SMGHF shows the comparison between various average Canadian mortality rates and St. Mary’s rate. For example, compared to the Canadian average of 3.3% mortality rate after a Coronary Artery Bypass Graft and an Aortic Valve Replacement, St. Mary’s mortality rate is 1.5%. A 2016 report noted that over the past couple of years the use of Lean tools” (strategies that streamline processes) at St. Mary’s, funded by SMGHF, resulted in 50% fewer inpatient falls, 30% fewer days patients were on ventilator, and an increase to 94 per cent of lab tests in the ED being completed in 45 minutes, up from 82 per cent. 

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Finances

St. Mary’s General Hospital Foundation is a large-sized charity with donations of $6.2m in F2018. Its administrative costs are 14% of revenues, and its fundraising costs are 8% of donations. For every dollar donated, 78 cents go to the causewhich is within Ci’s reasonable range for overhead spending 

The charity has total funding reserves of $10.2m, of which $121k is donor-endowed. This results in a program cost coverage ratio, excluding donor-endowed funds, of 402%. This means that the charity can cover just over 4 years of its annual program costs using its existing reserves. 

This charity report is an update that has been sent to St. Mary’s General Hospital Foundation for review. Changes and edits may be forthcoming.

Updated on July 3, 2019 by Parker Thomlinson.

Financial Review


Financial Ratios

Fiscal year ending March
201820172016
Administrative costs as % of revenues 13.9%12.9%19.7%
Fundraising costs as % of donations 8.0%8.0%5.6%
Program cost coverage (%) 406.3%181.8%124.8%

Summary Financial Statements

All figures in $000s
201820172016
Donations 6,2036,0134,966
Investment income 211598(136)
Total revenues 6,4146,6114,830
Grants 2,5044,4515,971
Administrative costs 862773976
Fundraising costs 496482277
Cash flow from operations 2,552904(2,395)
Funding reserves 10,1728,0917,454

Salary Information

Full-time staff: 7

Avg. Compensation $114,492

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
0
$80k - $120k
3
$40k - $80k
3
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.supportstmarys.ca
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