CHS Annual Report 2019-2020

Growth and Stability
Highlights of the Statement of Financial Position
For the year ending March 31, 2020
Total Current Assets
Investments
Capital Assets
Total Assets
FINANCIAL STATEMENTS
F2019-2020
2020 2019
3,200,280
6,865,175
7,091,955
17,157,410
4,503,792
7,042,215
7,069,068
18,615,075
FINANCIAL DATA
Canadian Hearing Services continues to evolve and improve its service model to ensure financial stability
and sustainability. Our new Strategic Plan will drive our success as a national organization, with Primer
status from Accreditation Canada, and ensure we are continuously focused on delivering value in the
lives of the clients who depend on our programs and services.
Revenue Breakdown
Government
Fundraising
United Way
Other
83.5%
9.4%
5.3%
1.8%
Investment by Program
Expense by Category
Fundraising
3.5%
Administration
14.2%
Program
82.3%
Total Current Liabilities
Deferred Capital Contributions
4,223,381
1,605,143
5,585,024
1,480,483
Clinical & Community
Services 17.5%
Total Liabilities
Net Assets
5,828,524
11,328,886
7,065,507
11,549,568
Products & Professional
Services 35%
Corporate Support
Services 3.2%
Highlights of the Statement of Operations
For the year ending March 31, 2020
Total Revenues
2020 2019
27,425,993
38,242,037
Hearing Health Care
and Well Being 44.5%
Fundraising Revenue
Total Expenses
Excess of Revenues over expenses from operations
Fair value change in investments
Income from investments accounted for using the
equity method
27,352,191
73,802
(412,362)
117,878
37,945,807
296,230
(63,518)
-
Annual Appeal
Planned Giving
Foundation/Service Club
Special Events
11.4%
36.2%
4.3%
22%
Total 2,580,339
CLICK
HERE
ASL
Excess (deficiency) of Revenues
over expenses for the year
(220,682) 232,712
Gaming
Others
9%
17.2%
0 5 10 15 20 25 30 35 40
raising the bar
20 21