Toronto Grace Health Centre
Toronto, ON M5R 1Y8
CEO: Marilyn Rook
Board Chair: Neil Watt
Charitable Reg. #: 11913 5150 RR0001
Grade: AThe grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #136
Avg. Compensation $82,090
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||7|
|$40k - $80k||0|
About Toronto Grace Health Centre:
Toronto Grace Health Centre (TGHC) is a 119-bed hospital located in the heart of downtown Toronto and is owned and operated by The Salvation Army. The Toronto Grace provides medically complex and specialized care and services to those individuals who require Complex Continuing Care, Post-Acute Care Rehabilitation and Palliative Care. The care and services provided at the Toronto Grace help facilitate the patient flow through the health care system and ensure recovery to those individuals who may return to their homes or to Long Term Care (LTC) facilities in their communities.
A major renovation plan that will see infrastructure upgrades to the 650 Church Street facility is currently the major fundraising focus. The upgrade will ensure a safe home for patients and their families as well as the staff that serve them. TGHC received a $1m gift in the form of a challenge grant from the W. Garfield Weston Foundation for the renovation in 2014.
Administrative costs are 0.1% of total revenue and the charity does not report fundraising costs. In F2014, TGHC had funding reserves of $1.3m which cover only 6% of annual program costs. In F2014, 85% of the total revenues were generated in the form of funding from the provincial government. Donations and bequests formed a small (0.5%) portion of total revenues.
Updated on May 26, 2015 by Rohan Bhargava
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||0.1%||0.1%|
|Program cost coverage (%)||6.3%||8.8%|
Summary Financial StatementsAll figures in $000s
|Fees for service||898||1,053|
|Business activities (net)||652||697|
|Cash flow from operations||517||554|