The Credit Valley Hospital Foundation
Mississauga, ON L5M 2N1
CEO: Steve Hoscheit
Board Chair: Michele Darling
Website: www.cvhfoundation.ca
Charitable Reg. #: 10520 6353 RR0001
Charity Rating
Results Reporting
Grade: C-
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency
Need for Funding
Spending Breakdown
Cents to the Cause
| ♦ | ♦ | ♦ | |
| 95¢ | |||
| 75¢ | |||
| avg | |||
| 65¢ | |||
| 50¢ | |||
| 2011 | 2012 | 2013 |
Full-time staff #14
Avg. Compensation $113,507
Top 10 Staff Salary Range
| $350k + | 0 |
| $300k - $350k | 0 |
| $250k - $300k | 1 |
| $200k - $250k | 0 |
| $160k - $200k | 0 |
| $120k - $160k | 2 |
| $80k - $120k | 3 |
| $40k - $80k | 4 |
| < $40k | 0 |
About The Credit Valley Hospital Foundation:
From 1982-2013, the Credit Valley Hospital Foundation was dedicated to raising the critical funds needed to address the highest priority needs of Trillium Health Partners, of which Credit Valley Hospital is a member.
As of F2014, Credit Valley Hospital Foundation and Trillium Health Centre Foundation have merged to become Trillium Health Partners Foundation. To view an updated profile on the amalgamated foundation, please click here.
Financial Review:
In its last year of operation, F2013, Credit Valley Hospital Foundation was a big-cap charity with donations and special events revenue of $6m. Fundraising costs were 51% of donations, and administrative costs were 3% of revenues. For every $1 donated to the charity, 46 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range of overhead spending. The Foundation had funding reserves of $11.4m (including $1.5m of donor-endowed funds), which cover annual program costs 15.9 times (15.4 times excluding donor-endowed funds).
Financial RatiosFiscal year ending March |
2013 | 2012 | 2011 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.0% | 2.9% | 3.0% |
| Fundraising costs as % of donations | 50.9% | 37.9% | 36.5% |
| Program cost coverage (%) | 1,588.7% | 192.6% | 84.1% |
Summary Financial StatementsAll figures in $000s |
2013 | 2012 | 2011 |
|---|---|---|---|
| Donations | 3,909 | 4,777 | 4,782 |
| Business activities (net) | 879 | 615 | 328 |
| Special events | 2,138 | 1,986 | 1,037 |
| Investment income | 320 | 214 | 586 |
| Total revenues | 7,246 | 7,592 | 6,733 |
| Grants | 718 | 4,272 | 9,440 |
| Administrative costs | 207 | 217 | 181 |
| Fundraising costs | 3,075 | 2,562 | 2,124 |
| Cash flow from operations | 3,246 | 541 | (5,012) |
| Funding reserves | 11,408 | 8,228 | 7,941 |
For more information on Canadian charities, please visit www.charityintelligence.ca
The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.
Comments added by the Charity:
Ci does not include investment income in the calculation of Fundraising and administrative costs as a percentage of revenue, while the Foundation calculates it as a percentage of total revenues - 36.6% in 2013, 34.2% in 2012, and 46.1% in 2011. Annual program cost coverage may vary significantly year-over-year as grants are distributed in lump sums pre-determined by the Hospital's cash flow requirements for major capital redevelopment. Average compensation shown represents total salary and benefits costs divided by number of employees, and does not represent average salary.