Scarborough Hospital Foundation
Scarborough, ON M1P 2V5
President & CEO: Michael Mazza
Board Co-Chair: Paul Torrie
Charitable Reg. #: 11914 2263 RR0001
Grade: B-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 #17
Avg. Compensation $89,548
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||1|
|$200k - $250k||0|
|$160k - $200k||2|
|$120k - $160k||1|
|$80k - $120k||1|
|$40k - $80k||5|
About Scarborough Hospital Foundation:
Scarborough Hospital Foundation (SRH Foundation) raises money for the Scarborough and Rouge Hospital. In December 2016, Scarborough Hospital merged with Rouge Valley Health System and the hospital foundations merged in April 2017. This merging occurred after the end of F2017 and future reports will reflect the operations of Scarborough and Rouge Hospital Foundation.
The Scarborough and Rouge Hospital employs more than 5,000 staff who work at 3 sites: Birchmount, General, and Centenary. The hospital has the 4th largest maternity program in Ontario, caring for over 6,400 newborns and their mothers each year. Funds from Scarborough Hospital Foundation are used to purchase medical equipment and contribute to capital projects not covered by the government. SRH Foundation has recently purchased 2 new microscopes for eye surgery, a mobile x-ray system, and new fetal heart monitors.
In February 2018, it was announced that the provincial government will begin an expansion of the Centenary emergency department. The expansion is expected to decrease wait times.
Results and Impact: Results of the work done by Scarborough Hospital Foundation have not been found.
Scarborough Hospital Foundation is categorized as a large charity, with donations of $6.3m in F2017, up 59% from F2016. This increase can be attributed to the process of merging the hospital foundations. SRH Foundation manages the hospital’s parking lot. SRH Foundation received net $4.3m from parking operations in F2017, representing 40% of revenue. Administrative costs are 9% of revenues and fundraising costs are 39% of donations. For every $1 donated 52 cents go to the cause, falling below Ci’s reasonable range. Scarborough Hospital Foundation has $7.2m in funding reserves which could cover grants for over a year.
This charity report is an update that was sent to Scarborough Hospital Foundation for review. Changes and edits may be forthcoming.
Updated on June 12, 2018 by Madison Kerr.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||9.0%||10.9%||11.5%|
|Fundraising costs as % of donations||38.8%||59.4%||45.8%|
|Program cost coverage (%)||116.2%||109.5%||109.2%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||4,295||3,936||4,150|
|Cash flow from operations||1,171||(643)||383|