St. Mary's General Hospital Foundation
Kitchener, ON N2M 1B2
President: Susan Dusick
Board Chair: Cynthia McIntyre
Charitable Reg. #: 11918 9017 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 #9
Avg. Compensation $108,482
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||1|
|$80k - $120k||0|
|$40k - $80k||4|
About St. Mary's General Hospital Foundation:
St. Mary’s General Hospital Foundation (SMGHF) is the fundraising arm of St. Mary’s General Hospital, an adult acute care hospital and regional cardiac care centre in Kitchener, Ontario. In the fall of 2012, the hospital launched a new vision: to be the safest and most effective hospital in Canada, characterized by innovation, compassion and respect. SMGHF grants money to the hospital to improve quality of care, patient safety, and patients’ experience at the hospital.
Currently, the main priority of SMGHF is its Heart Rhythm Program. St Mary’s General Hospital is the only cardiac centre in Ontario without a fully functioning Heart Rhythm Program, which forces patients who require heart rhythm treatment to travel outside of the region and face an average wait time of 100 days to receive treatment. Since inception, just under $13 million has been raised for this program that is expected to halve times and eliminate the need to travel outside the region for patients in need of heart rhythm treatment.
In F2016, St. Mary’s General Hospital Foundation granted $6 million to the hospital, which was used to purchase equipment including 330 IV pumps, 40 cardiac monitors, and 16 operating room lights.
St. Mary’s General Hospital Foundation is a medium-sized charity with donations of $5m in F2016. Its administrative costs are 20% of revenues, and its fundraising costs are 6% of donations. For every dollar donated, 75 cents go towards SMGHF’s programs, falling within Ci’s reasonable range. The charity has total funding reserves of $7.5m, of which $118k is donor-endowed. This results in a program cost coverage ratio, excluding donor-endowed funds, of 123%, meaning that the charity can cover just over 1.2 years of its annual program costs using its existing reserves.
This charity report is an update that is being reviewed by St. Mary’s General Hospital Foundation. Changes and edits may be forthcoming.
Updated on July 14, 2017 by Kevin Silberberg.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||19.7%||18.4%||15.8%|
|Fundraising costs as % of donations||5.6%||8.9%||8.6%|
|Program cost coverage (%)||124.8%||177.5%||537.7%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||(2,394,799)||(1,544,490)||2,460,540|