Southlake Regional Health Centre Foundation
Newmarket, ON L3Y 2P6
President & CEO: Susan Mullin
Board Chair: Dave Wattling
Charitable Reg. #: 13179 7540 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to the Cause
Full-time staff #20
Avg. Compensation $105,652
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||5|
|$40k - $80k||2|
About Southlake Regional Health Centre Foundation:
Southlake Regional Health Centre Foundation is the fundraising arm of Southlake Regional Health Centre, a full-service hospital located in Newmarket, Ontario. The charity fundraises to support Southlake Regional Health Centre and the community it serves. In F2017, the charity granted $10.8m to Southlake Regional Health Centre and $15k to the community on behalf of the hospital.
Southlake Regional Health Centre Foundation raises money for equipment, technology, and renovation projects across cardiac, cancer, surgical, mental health, maternal child & paediatrics, emergency, medicine, and paramedical programs. In F2017, the foundation replaced 9 anesthesia machines, and aims to continue replacing the whole fleet of 24 machines. The hospital annually performs over 1,100 cardiac surgeries, 13,000 operating room procedures, and 2,600 birth deliveries. In its paramedic program, the hospital performed 323,096 diagnostic exams, 18,923 MRI scans, and 27,496 CT scans in a year. The foundation’s F2017 annual report said constructions were underway for a 10-bed residential hospice that will provide end-of-life care to over 250 patients and their families annually.
Results and Impact: Southlake Regional Health Centre Foundation reports that the hospital has 99% patient satisfaction in its cancer ward and that the hospital has the top Regional Cancer program in Ontario based on 16 provincial performance indicators. The foundation also states that at an average of 40 minutes, the hospital has had the shortest emergency wait time in Ontario for three consecutive years.
Southlake Regional Health Centre Foundation is a Large charity with $10.8m in donations in F2017. Administrative costs are 13% of revenues, down from 17% in F2015. Fundraising costs are 22% of donations. For every dollar donated, 65 cents go to the cause, falling just outside of Ci's reasonable range. The foundation has funding reserves of $30.1m, including $11.1m of donor-endowed funds. Excluding donor-endowed funds, funding reserves can cover annual grants for 1.9 years.
This charity report is an update that has been sent to Southlake Regional Health Centre Foundation for review. Changes and edits may be forthcoming.
Updated on July 18, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||13.3%||14.9%||17.0%|
|Fundraising costs as % of donations||22.1%||24.2%||25.2%|
|Program cost coverage (%)||279.3%||1,037.3%||240.5%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||(963)||2,584||(5,209)|