Oakville Hospital Foundation
Oakville, ON L6M 0L8
CEO: Tina Triano
Board Chair: Christie Henderson
Charitable Reg. #: 13145 3490 RR0001
Social Results Reporting
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Program Cost Coverage
Full-time staff #12
Avg. Compensation $111,341
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||4|
|$40k - $80k||5|
About Oakville Hospital Foundation:
Founded in 1991, Oakville Hospital Foundation (OHF) raises funds for Oakville Trafalgar Memorial Hospital, a part of Halton Healthcare Services. OHF's mission is to fund the medical equipment necessary to provide high quality patient care. For the past 3 years, OHF has been fundraising for a new hospital facility for Oakville Trafalgar Memorial Hospital. In F2015, the new building opened up. The hospital can now serve 3 times as many patients.
In F2015, Oakville Hospital Foundation spent $43m on purchasing equipment and furniture for the new hospital. New equipment include robotic pill picker machines to sort medications, ECG machine to monitor heart activity, operating tables for surgery and physiological monitors to track patients in critical conditions. The hospital also upgraded its CT scanners and MRI machines.
Oakville Hospital Foundation is one of Canada's Major 100 charities, receiving donations of $16.3m in F2015. Total overhead costs come to 14%, falling within Ci's reasonable range. OHF has funding reserves of $21.4m that can cover program costs for 6 months. Excluding donor-endowed funds of $10.1m, funding reserves can cover program costs for 3 months. OHF reduced its funding reserves by $23m in F2015 primarily bypurchasing new equipment and furniture for the new hospital centre in F2015.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on June 30th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||13.8%||13.9%||15.8%|
|Program cost coverage (%)||49.8%||713.5%||268.4%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||3,638||3,454||3,457|
|Fundraising & administrative costs||2,746||2,808||2,828|
|Cash flow from operations||(24,308)||12,776||3,903|