Stevenson Memorial Hospital Foundation

200 Fltecher Crescent
Alliston, ON L9R 1W7
Board Chair: Glenn Rae
Director of Development: Tanya Wall

Charitable Reg. #: 11917 3235 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Charity Rating

Not yet rated.

Donor Accountability

Grade: NR

Charity not yet rated on the public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

2012 2013
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #2

Avg. Compensation $80,255

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 2
Information from most recent CRA Charities Directorate filings for F2013

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.



Financial Review:

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 Ratios

Fiscal 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 Statements

All figures in $s
Donations 946,381556,882
Goods in kind 2,28015,234
Fees for service 745615
Special events 10,614171,311
Investment income 239,19962,191
Total revenues 1,199,219806,233
Grants 745,392858,422
Administrative costs 133,796136,502
Fundraising costs 193,745269,012
Cash flow from operations 126,286(457,703)
Funding reserves 3,230,6083,033,933

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