Scarborough Hospital Foundation
Toronto, ON M5V 1S2
President & CEO: Marina Glogovac
Board Chair: Michael Bradley
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
Full-time staff #12
Avg. Compensation $102,173
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||1|
|$40k - $80k||6|
About Scarborough Hospital Foundation:
The Scarborough Hospital Foundation raises funds for the Scarborough Hospital, which has served the Scarborough community in Toronto for 90 years. The Scarborough Hospital reports to have one of the lowest emergency department wait times in the Greater Toronto Area and one of the best childbirth outcomes in the province. The foundation funds programs not supported by the government, which include 100% of the equipment needs and 10% of the capital renovations of the Scarborough Hospital. In F2015, the foundation earned $4.1m, or 46% of revenue, from parking operations. The foundation granted the Scarborough Hospital $5.6m for capital and equipment upgrades in F2015. In F2015, the Scarborough Hospital was supported by 4,316 volunteers, treated more than 6,000 chronic kidney disease patients, and delivered 5,000 babies.
In F2015, the Scarborough Hospital Foundation spent 5% of revenues on administrative costs and 30% of donations on fundraising costs. Total overhead costs of 34% fall within Ci's reasonable range. Fundraising costs as a percentage of donations doubled since F2013 as fundraising costs grew by 50% and donations dropped by 25%. The charity has funding reserves of $6.1m, which can cover annual grants and programs for 11 months.
Analysis updated by Ruoxi Gao in 2016, currently under review by the Scarborough Hospital Foundation.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||4.7%||5.2%||4.0%|
|Fundraising costs as % of donations||29.6%||15.9%||14.8%|
|Program cost coverage (%)||88.2%||82.6%||129.5%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||4,150||3,403||1,278|
|Cash flow from operations||383||(529)||2,239|