Markham Stouffville Hospital Foundation
Markham, ON L6B 0T1
CEO: Suzette Strong
Board Chair: Rhonda English
Charitable Reg. #: 13064 3620 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
Full-time staff #16
Avg. Compensation $99,529
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||0|
|$80k - $120k||3|
|$40k - $80k||6|
About Markham Stouffville Hospital Foundation :
The Markham Stouffville Hospital Foundation (MSHF) is the fundraising arm of the Markham Stouffville Hospital, which serves a community of over 330,000 people in the Greater Toronto Area. The MSHF's mission is to create, organize and effectively manage a comprehensive fundraising program for the hospital.
In 2008, MSHF launched a $50m Expansion Campaign to help the hospital meet the needs of its growing community. The campaign was successfully completed in 2014 and raised $56m. Between F2010 and F2014 MSHF doubled the size of the facility, tripled the size of the emergency department and increased access to surgical services, maternal health services and oncology services, among others. The key features of the expansion include, an expanded emergency department, an improved and expanded ambulatory clinic, over 100 new inpatient beds, 8 new operating rooms, an expanded diagnostic imaging centre, an enhanced maternal child program and an expanded mental health services.
In F2014, MSHF's administrative costs were 6% of revenues and fundraising costs were 4% of donations. MSHF had net funding reserves of $15.4m, which cover the annual program costs 7.9 times.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||6.0%||8.2%||6.8%|
|Fundraising costs as % of donations||4.4%||6.2%||6.3%|
|Program cost coverage (%)||786.2%||650.7%||651.3%|
Summary Financial StatementsAll figures in $000s
|Cash flow from operations||8,723||5,735||6,619|