Stevenson Memorial Hospital Foundation
Alliston, ON L9R 1W7
Board Chair: Glenn Rae
Director of Development: Tanya Wall
Charitable Reg. #: 11917 3235 RR0001
Grade: NRCharity not yet rated on the public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #2
Avg. Compensation $80,255
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||0|
|$40k - $80k||0|
About Stevenson Memorial Hospital Foundation:
Located in Alliston, Ontario, the Stevenson Memorial Hospital (SMH) was built in 1964 to serve 6,000 emergency room patients per year. Today SMH receives more than 27,000 emergency visits each year, 4.5 times more than its intended capacity. Furthermore, the hospital's catchment area is expected to grow from 50,000 people to over 90,000 in the next 15 to 20 years.
SMH launched the $2.5m "It Takes You" campaign in January 2013 to expand the hospital in Alliston to better meet the needs of its growing population.
SMH has identified 3 key areas for expansion: new medical equipment for operating rooms, the expansion of the urology program, and other specialized medical equipment.
In F2013, fundraising costs were 20% of donations and administrative costs were 11% of total revenues. The Foundation has funding reserves of $3.2m of which $325k are donor-endowed (10%). Total reserves cover annual grants to the Hospital 4.3 times. Excluding donor-endowed funds, reserves cover annual grants 4.0 times.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||11.2%||16.9%|
|Fundraising costs as % of donations||20.2%||36.9%|
|Program cost coverage (%)||433.4%||353.4%|
Summary Financial StatementsAll figures in $s
|Goods in kind||2,280||15,234|
|Fees for service||745||615|
|Cash flow from operations||126,286||(457,703)|