Vancouver, BC V5K 4R1
Executive Director: Kandys Merola
Board Chair: Eric Beddis
Charitable Reg. #: 87416 1482 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 #5
Avg. Compensation $46,308
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||2|
About TB Vets:
Founded in 1946, TB Vets is an organization that seeks to help British Columbians with respiratory diseases lead healthy lives. Its mission is to “Sponsor lifesaving respiratory equipment for British Columbians of all ages.” TB Vets is known throughout British Columbia for its Key Tags service, which has returned 510,000 lost keys to British Columbians. Today, TB Vets provides grants for respiratory equipment, respiratory research, and respiratory therapist education.
Over the last 70 years, TB Vets has donated millions of dollars towards critical life-saving medical equipment, medical respiratory research, and the respiratory wellness of British Columbians. Further, it has donated hundreds of thousands of dollars towards respiratory therapists' education.
TB Vets is a medium-sized charity with donations of $1.4m in F2015. Its administrative costs are 35% of revenues and its fundraising costs are 30% of donations, falling outside of CI's reasonable range. For every $1 donated to the charity, 35 cents is put towards its programs. In F2015, the Founders Legacy Trust forgave $638k in outstanding debt from TB Vets, which the charity recorded as revenues. TB Vets had funding reserves of $2m in F2015, meaning that it can continue to cover its annual program costs for 3.8 years. The program cost coverage significantly decreased from 614% in F2014, due to a 90% decrease in the amount of grants issued.
This charity report is an update that is being reviewed by TB Vets. Changes and edits may be forthcoming.
Updated on May 17, 2016 by Lynn Tay.
Financial RatiosFiscal year ending September
|Administrative costs as % of revenues||35.3%||40.8%||31.6%|
|Fundraising costs as % of donations||29.7%||31.1%||29.3%|
|Program cost coverage (%)||383.7%||613.7%||328.4%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||(37,108)||321,645||346,085|