The Credit Valley Hospital Foundation
Mississauga, ON L5M 2N1
CEO: Steve Hoscheit
Board Chair: Michele Darling
Charitable Reg. #: 10520 6353 RR0001
Grade: CThe 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 #14
Avg. Compensation $113,507
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||3|
|$40k - $80k||4|
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.
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
|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
|Business activities (net)||879||615||328|
|Cash flow from operations||3,246||541||(5,012)|