Scarborough Health Network Foundation

3050 Lawrence Avenue E, Suite 108
Scarborough, ON M1P 2V5
President & CEO: Alicia Vandermeer
Board Co-Chair: Paul Torrie

Charitable Reg. #:11914 2263 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.

D

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.

52%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.



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Programs

About Scarborough Health Network Foundation:

Founded in 1977, Scarborough Health Network Foundation (SHN Foundation) is the fundraising arm of Scarborough Health Network. In 2017, the Foundation merged with Rouge Valley Health System Foundation to become Scarborough and Rouge Hospital Foundation. In 2018, it renamed to Scarborough Health Network Foundation.

Scarborough Health Network (SHN) includes three hospitals (Scarborough General, Centenary, and Birchmount) and eight satellite sites. SHN runs the largest nephrology program in North America, is the designated cardiac care and spine centre for Scarborough and is an affiliated teaching site for University of Toronto. SHN Foundation raises money to  purchase medical equipment for SHN and contribute to capital projects not covered by the government. In F2019, SHN Foundation granted $5.3 million to SHN. This includes $31,500 in deferred grants to be paid in future years.

SHN Foundation’s most recent magazine, dated Fall 2019, mentions multiple equipment purchases. This included a new Sonosite Ultrasound machine, and two new surgical microscopes for eye surgeries. The Eye Centre performs 6,000 eye surgeries each year. A new blood pressure machine for the nephrology department was purchased. This department treats over 6,000 patients annually. A new Karl Storz video tower was also purchased and will be used for endoscopic procedures in the urology operating room. This equipment reduces procedure time, provides more accurate diagnoses, and offers a safer surgical intervention for patients.

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Results and Impact

Charity Intelligence was unable to find any quantified outcome data reported by SHN Foundation.

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Finances

Scarborough Health Network Foundation is a large charity that received $6.9m in donations in F2019. Parking fees account for 39% of total revenue. SHN Foundation’s contract with the Hospital regarding parking operations terminated in F2019 and as such, the Foundation will no longer be receiving parking revenue in future years.

 Administrative costs are 7% of total revenue (excluding investment income) and fundraising costs are 41% of donations. For every dollar donated to SNH Foundation, 52 cents go to the cause. This is not within Ci’s reasonable range for overhead spending.

Scarborough Health Network Foundation holds $9.7m in funding reserves. This includes $1.1m in donor-endowed funds. Excluding donor endowments, the Foundation’s reserves can cover annual grants spending at the current level for one year and eight months.

SHN Foundation reports using external fundraisers as part of its fundraising efforts in its F2019 T3010 CRA filing. The Foundation reports paying external fundraisers $87k, but the fundraising revenue raised by these efforts is not disclosed.

This report is an update that has been sent to Scarborough Health Network Foundation for review. Comments and edits may be forthcoming.

Updated on August 5, 2020 by Katie Khodawandi.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 7.1%7.5%8.9%
Fundraising costs as % of donations 40.8%49.9%38.8%
Total overhead spending 47.9%57.4%47.6%
Program cost coverage (%) 166.7%91.8%98.4%

Summary Financial Statements

All figures in $000s
201920182017
Donations 6,9245,8016,265
Government funding 800
Business activities (net) 4,5134,3774,295
Investment income 143178227
Total revenues 11,58810,35610,787
Grants 5,2436,6356,353
Administrative costs 816767936
Fundraising costs 2,8252,8952,430
Total spending 8,88410,2969,718
Cash flow from operations 2,704591,068
Capital spending 23580
Funding reserves 9,7487,1397,241

Note: Ci used SHN Foundation’s T3010 CRA filings for government funding. Parking revenue is reported net of expenses in business income, reducing revenue and expenses by $1.1m in F2019, $993k in F2018 and $1.1m in F2017. Amortization of capital assets has been removed from administrative costs. Ci used the Foundation’s T3010 filings to report administrative and fundraising costs. Grants have been adjusted to account for changes in amounts due to Scarborough Health Network, affecting expenses by ($32k) in F2019, ($2k) in F2018 and $121k in F2017.

Salary Information

Full-time staff: 17

Avg. Compensation: $111,529

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
2
$80k - $120k
5
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

The comments below were provided by the charity with respect to a previous version of this profile. Updated comments may be forthcoming. 

Scarborough and Rouge Hospital (SRH) Foundation was formed through a merger of the legacy The Scarborough Hospital Foundation and Rouge Valley Health System Foundation in December 2016. We appreciate Charity Intelligence’s review and will consider the findings thoroughly. Our organization is currently undertaking a major community and stakeholder consultation to inform an organizational rebrand that will chart a course to transform health care in Scarborough. SRH Foundation is committed to operating with accountability and transparency. We look forward to sharing more with our donors following the launch of our new website and annual report in the latter half of 2018. 

Charity Contact

Website: www.srhfoundation.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-431-8130

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