1410 Kootenay Street
Vancouver, BC V5K 4R1
Executive Director: Kandys Merola
Board Chair: Robert Underhill

Charitable Reg. #:87416 1482 RR0001


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

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Audited financial statements available only upon request.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 38 cents are available for programs.

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About TB Vets:

Founded in 1946, TB Vets Charitable Foundation (TB Vets) provides funding to help British Columbians who suffer from respiratory emergencies and illnesses. The charity mainly provides grants to buy new equipment and fund medical research. Globally, tuberculosis (TB) is one of the top ten leading causes of death by a single infectious agent, and is most prevalent in developing countries. TB infects around 300 people in British Columbia each year.

TB Vets provides grants for three programs: respiratory equipment, research, and education.

Respiratory equipment represented 82% of grant spending in F2019. TB Vets provides funds to various hospitals in BC to purchase critical medical equipment. These include adult ventilators, newborn ventilators, airway imaging tools, and portable ventilators for transporting patients. Each of these tools aids patients who are unable to breathe independently. In F2019, TB Vets reports that it provided 30 grants for ventilators and medical equipment.

Research grants were 16% of spending in F2019. TB Vets funds innovative research to improve health and quality of life for patients with respiratory diseases. In F2019, the charity funded two research projects. TB Vets awarded $45k to Vancouver General Hospital for research into prospective TB drugs. The charity also granted $40k to Royal Columbian Hospital for developing less invasive ventilator technology.

Education programs represented the remaining 2% of spending in F2019. TB Vets provides bursaries for students in the Respiratory Therapy Program at Thompson Rivers University, a university in Kamloops, BC. In F2019, the charity donated $12k to support eight Respiratory Therapy students.

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Results and Impact

Since 1980, TB Vets reports that it has purchased around 20 ventilators each year. TB Vets states that a ventilator is used roughly five times per day in an emergency room. Based on these figures, the charity estimates that its ventilators have helped a total of 2,737,500 patients.

While Ci highlights these key results, they may not be a complete representation of TB Vets’ results and impact.

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TB Vets is a medium-sized charity with donations of $1.4m in F2019. TB Vets awarded $803k in grants during the year, representing a 44% increase from $556k in F2018. Administrative costs are 34% of revenues (less investment income) and fundraising costs are 29% of donations. This results in total overhead spending of 62%. For every dollar donated, 38 cents go to the cause. This falls outside of Ci’s reasonable range for overhead spending.

TB Vets has total funding reserves of $2.4m, of which $1.4m is donor-endowed. Excluding donor-endowed funds, the charity’s funding reserves can cover 133% or 16 months of annual program costs.

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

Updated on June 22, 2020 by Eric Zhao.

Financial Review

Financial Ratios

Fiscal year ending September
Administrative costs as % of revenues 33.7%31.8%30.1%
Fundraising costs as % of donations 28.6%26.4%32.4%
Total overhead spending 62.2%58.2%62.4%
Program cost coverage (%) 133.3%219.3%178.0%

Summary Financial Statements

All figures in $s
Donations 1,425,4491,388,2571,464,253
Investment income 168,324160,93096,880
Total revenues 1,593,7731,549,1871,561,133
Grants 803,124555,885604,929
Administrative costs 479,703441,560440,114
Fundraising costs 407,217366,586474,057
Other costs (13,165)(12,730)(12,542)
Total spending 1,676,8801,351,3011,506,560
Cash flow from operations (83,106)197,88654,575
Capital spending 23,06304,291
Funding reserves 2,379,3052,464,1512,266,180
Donor Endowed Funds 1,402,5011,398,4541,305,479

Salary Information

Full-time staff: 5

Avg. Compensation: $59,581

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.tbvets.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-874-5626