Mount Sinai Hospital Foundation Montreal
Côte Saint-Luc, QC H4W 1S
CEO: Wendy Corn
President: Eric Maldoff
Charitable Reg. #: 11892 4331 RR0001
Grade: C-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 #3
Avg. Compensation $74,542
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||2|
About Mount Sinai Hospital Foundation Montreal:
Founded in 1973, Mount Sinai Hospital Foundation Montreal (MSHFM) fundraises for Montreal’s Mount Sinai Hospital with the goal of supporting excellence in pulmonary and palliative care. The hospital has 107 beds and specializes in respiratory care, long-term care and palliative care. It is a clinical research leader in chronic obstructive pulmonary disease and sleep apnea. The hospital’s sleep apnea clinic is technologically advanced and helping patients who experience chronic s disease sleep better and, ultimately, live better. Treating sleep apnea reduces long-term risks of heart attacks and strokes. The hospital is currently participating in 13 research projects on pulmonary rehabilitation, sleep apnea and palliative care.
MSHFM has 2 major donor events, Car Rally and Six and the City. These events brought in $531k in 2013 (a 44% increase). It granted $910k to the hospital in 2013 and $447k in 2012.
Mount Sinai Hospital Foundation Montreal is a small hospital foundation with total donations of $798k – a 124% increase over 2012. Given its size, it lacks economies of scale for the size of donations. As such, administrative costs are 42.4% of revenues (compared with 63.9% in 2012). Fundraising costs are 20.9% of donations in 2013. MSHFM has funding reserves if $3.3m of which $1.2m are donor-endowed. The unrestricted funding reserves cover annual grants to the hospital 2.5 times (246%). MSHFM has committed to grant $613k in 2014.
Profile written: February 24, 2015
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||42.4%||63.9%|
|Fundraising costs as % of donations||20.9%||29.1%|
|Program cost coverage (%)||361.6%||774.0%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||(186,113)||(165,892)|