Oakville Hospital Foundation
Oakville, ON L6M 0L8
CEO: Mary McPherson
Board Chair: Tim Porter
Charitable Reg. #: 13145 3490 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
Cents to The Cause
Full-time staff #16
Avg. Compensation $94,823
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||2|
|$80k - $120k||4|
|$40k - $80k||3|
About Oakville Hospital Foundation:
Founded in 1991, Oakville Hospital Foundation (OHF) raises funds for Oakville Trafalgar Memorial Hospital (OTMH), a part of Halton Healthcare. OHF’s mission is to fund the medical equipment necessary to provide high quality patient care. In F2018, OTMH performed over 15,000 MRI scans and 30,000 surgeries, handled over 80,000 emergency department visits, and delivered approximately 2,500 babies.
In F2018, Oakville Hospital Foundation granted $8.5m on purchasing equipment and technology for OTMH. New equipment includes an ophthalmology ultrasound unit, two ultrasound machines, a digital mammography machine, a digital x-ray machine, and a sentinel node navigator.
Oakville Hospital Foundation is a Large charity with donations of $10.7m in F2018. Its administrative and fundraising costs are 26% of revenues less investment income. For every dollar donated, 74 cents go to the cause, falling within Ci’s reasonable range for overhead spending. Cost efficiency has fallen consistently since F2016 because donations have been falling more than the reduction in fundraising and administrative costs. OHF has funding reserves of $22.3m that can cover granting activities for 2.6 years. Excluding donor-endowed funds of $11.4m, funding reserves can cover grants for 1.4 years. Grants were lower in F2018 and F2017 due to the construction of the new hospital, which was opened in December 2015.
This charity report is an update that has been sent to Oakville Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on August 3, 2018 by Joeyanne Cheung.
Financial RatiosFiscal year ending March
|Fundraising & admin costs as % of revenues||26.1%||23.2%||16.6%|
|Program cost coverage (%)||263.8%||243.5%||122.9%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||19||149||4,226|
|Fundraising & administrative costs||2,801||2,694||3,044|
|Cash flow from operations||434||1,806||(1,245)|