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TB Vets

1410 Kootenay Street
Vancouver, BC V5K 4R1
Executive Director: Kandys Merola
Board Chair: Eric Beddis

Charitable Reg. #: 87416 1482 RR0001
Sector: Health
Public Foundation

Donor Accountability

Grade: C-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #5

Avg. Compensation $46,308

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 2
< $40k 2
Information from most recent CRA Charities Directorate filings for F2015

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. 

Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $s
Donations 1,390,7141,462,4271,653,571
Investment income 30,988210,83486,633
Total revenues 1,421,7021,673,2611,740,204
Grants 569,654299,500387,426
Administrative costs 490,345596,850521,819
Fundraising costs 412,344455,047483,655
Other costs (13,533)2191,219
Cash flow from operations (37,108)321,645346,085
Funding reserves 2,185,6171,838,1351,272,460
Note: Ci adjusted gain on forgiveness of debt affecting revenues by ($638k) in F2015. Ci adjusted amortization and loss on bad debt to related organization affecting expenses by ($35k) in F2015, by ($36k) in F2014, and by ($35k) in F2013.

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