Scarborough Hospital Foundation

3050 Lawrence Avenue E, Suite 108
Scarborough, ON M1P 2V5
President & CEO: Michael Mazza
Board Co-Chair: Paul Torrie

Website: www.srhfoundation.ca
Charitable Reg. #: 11914 2263 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: B-

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #17

Avg. Compensation $89,548

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 1
$200k - $250k 0
$160k - $200k 2
$120k - $160k 1
$80k - $120k 1
$40k - $80k 5
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

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. 

Financial Review:

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 Ratios

Fiscal year ending March
201720162015
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 Statements

All figures in $000s
201720162015
Donations 6,2653,9314,522
Business activities (net) 4,2953,9364,150
Investment income 2275332
Total revenues 10,7877,8729,004
Grants 6,2315,3265,551
Administrative costs 955856996
Fundraising costs 2,4302,3332,073
Cash flow from operations 1,171(643)383
Funding reserves 7,2415,8316,065
Note: Ci included net revenue from parking operations, reducing both revenues and expenses by $1.1m in F2017, $1.4m in F2016, and $1.1m in F2015. Ci used the administrative and fundraising costs reported on the charity’s T3010.

Comments added by the Charity:

Scarborough and Rouge Hospital (SRH) Foundation was formed through a merger of the legacy The Scarborough Hospital Foundation and Rouge Valley Health System Foundation in December 2016. We appreciate Charity Intelligence’s review and will consider the findings thoroughly. Our organization is currently undertaking a major community and stakeholder consultation to inform an organizational rebrand that will chart a course to transform health care in Scarborough. SRH Foundation is committed to operating with accountability and transparency. We look forward to sharing more with our donors following the launch of our new website and annual report in the latter half of 2018. 

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