West Park Foundation

82 Buttonwood Avenue
Toronto, ON M6M 2J5
CEO: Joanne Cole
Board Chair: John Freeman

Website: www.westpark.org/foundation
Charitable Reg. #: 11929 5350 RR0001
Sector: Health - Hospital Foundation
Public Foundation

Donor Accountability

Grade: C+

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

donor
endowed
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 #12

Avg. Compensation $118,618

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 1
$250k - $300k 0
$200k - $250k 0
$160k - $200k 1
$120k - $160k 3
$80k - $120k 2
$40k - $80k 3
< $40k 0
Information from most recent CRA Charities Directorate filings for F2016

About West Park Foundation:

Established in 1977, West Park Healthcare Centre Foundation is the fundraising arm for West Park Healthcare Centre in Toronto. The healthcare centre helps patients with life-changing health challenges reclaim their lives and realize their potential. West Park is a rehabilitation, complex and long-term care centre in a 27-acre campus helping people with lung disease, diabetes, stroke, amputation and musculoskeletal issues.

West Park Foundation raises funds for equipment, research, education, and program expansion for the healthcare centre. In F2016, the foundation funded 20 pieces of equipment, including 5 for the rehabilitation gym. This equipment helped 6,000 patients regain mobility and independence. West Park Foundation also funded 1 new researcher and as a result 11 projects are currently underway studying spasticity. Training programs report advancing the expertise of 5 nurses in wound care and training an additional 78 nurses which resulted in a 10% increase in patient satisfaction. Program expansion included 14 recreation therapy initiatives in F2016. As part of one of the programs, clowns visited 40 patients every 2 weeks for 6 months.

West Park Healthcare Centre Foundation is in a capital campaign to raise $50m by 2021 for a campus development project. The development project includes building a new hospital and the creation of a new campus entrance. The new buildings plan to increase hospital beds by 20%. The project also aims to expand green space across the campus from 57% to 61% as part of the project.

Financial Review:

West Park Foundation is a medium-sized charity with $2.9m in donations and special events fundraising in F2017. Administrative costs were 24% of revenues and fundraising costs were 51% of donations. As such, for every $1 donated, 25 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending.

West Park Foundation’s donations have been irregular over the past couple of years. Donations spiked from $400k in F2014 to $6.7m in F2015, significantly increasing revenues and funding reserves. West Park Foundation appears to have held the donations from F2015 to F2016 as reflected in its funding reserves. The Foundation notes that this fluctuation can be attributed to the nature of its capital campaign.

The Foundation has $13.5m in funding reserves, of which $5.0m are donor-endowed. Funding reserves also include $6.3m in restricted funds for the redevelopment of the hospital's campus. Excluding donor-endowed funds and the restricted fund, West Park Foundation can cover annual grants to the healthcare centre for 13.7 years. 

This report is an update that is currently being reviewed by West Park Foundation. Changes and edits may be forthcoming.

Updated on August 16, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 23.7%35.1%14.2%
Fundraising costs as % of donations 51.4%51.4%14.9%
Program cost coverage (%) 1,858.9%2,272.3%2,308.2%

Summary Financial Statements

All figures in $s
201720162015
Donations 2,437,4771,628,3136,747,733
Business activities (net) 209,932180,985127,125
Special events 505,834740,624867,123
Investment income 1,192,468(31,749)1,086,542
Total revenues 4,345,7112,518,1738,828,523
Grants 726,285576,841546,275
Administrative costs 746,446895,2941,100,964
Fundraising costs 1,511,7931,218,2441,133,842
Other costs 49,17546,48336,622
Cash flow from operations 1,312,012(218,689)6,010,820
Funding reserves 13,500,61813,107,52412,609,246
Note: Business activities were reported net, affecting revenues and expenses by ($525k) in F2017, ($524k) in F2016, and ($517k) in F2015. Investment fees were reallocated into expenses (originally reported net of investments by the foundation) affecting revenues and expenses by $49k in F2017, $46k in F2016, and $37k in F2015.

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