Milton District Hospital Foundation

725 Bronte Street South
Milton, ON L9T 9K1
Executive Director: Helen Vatistas
Board Chair: Brian Penman

Charitable Reg. #: 11924 5330 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Results Reporting

Grade: B-

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 available only upon request [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #4

Avg. Compensation $115,649

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 0
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Milton District Hospital Foundation:

Founded in 1980, Milton District Hospital Foundation (MDHF) raises money to fund equipment, renovation, and construction at Milton District Hospital (MDH).  MDHF reports that the hospital annually has 33,100 emergency visits and 1,000 childbirths and takes 40,000 diagnostic images.

In its F2017 impact report, Milton District Hospital Foundation states that Milton’s population grew from 54,000 in 2006 to over 130,000. Therefore, MDHF started a $30m campaign to triple the size of MDH, which was originally built to suit the needs of 32,000 people. The planned 330,000 square foot expansion of the hospital began in June 2015 and the renovated hospital was open for use on October 1, 2017. Renovations included an expanded maternal newborn unit, a new surgical service department, new medical and surgical inpatient units, a new emergency department, and a new diagnostic imaging department. In its March 2018 newsletter, MDHF reports that since the renovated hospital opened, 7,300 pieces of equipment were purchased, 26,478 imaging procedures were performed, 394 babies were born, 2,001 patients were admitted, the first MRI in Milton was purchased, four operating and four procedure rooms were built, and 51 beds and 23 emergency department stretchers were added to the hospital. MDHF reports that 80% of its inpatient beds within the expansion are in single-patient rooms.

Financial Review:

Milton District Hospital Foundation is a medium-sized charity with donations of $4.8m in F2017. Its administrative and fundraising costs are 20% of revenues. For every dollar donated, 80 cents go to the cause, falling within Ci’s reasonable range for overhead spending.

The charity had funding reserves of $2.2m in F2017, which can cover just over 2 months of granting activities, indicating a need for funding. From F2015 to F2017, MDHF was working toward a $25m commitment to the hospital for equipment purchases in the expansion project. Program cost coverage fell significantly in F2017 as the foundation’s grants to the hospital were over four times higher than in F2016.

This report is Ci’s first charity report on Milton District Hospital Foundation and has been sent to the charity. Changes and edits may be forthcoming.

Updated August 17, 2018 by Joeyanne Cheung.

Financial Ratios

Fiscal year ending March
Fundraising & admin costs as % of revenues 20.3%9.1%19.6%
Program cost coverage (%) 17.1%378.0%342.9%

Summary Financial Statements

All figures in $000s
Donations 4,8068,7424,029
Business activities (net) 0735774
Investment income 3189128
Total revenues 5,1249,4874,930
Program costs 000
Grants 13,1152,9561,606
Fundraising & administrative costs 977867942
Cash flow from operations (8,968)5,6642,383
Funding reserves 2,24611,1735,505
Note: Ci included parking operation expenses under net business activities, reducing revenues and expenses by $217k in F2016 and $181k in F2015. As of April 2016, the charity transferred revenues and expenses associated with parking operations to Halton Healthcare Services Corporation. Therefore, parking operations are not included in the charity's F2017 financials.

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