University Health Network
501(c)(3)
89% goes to programs $2 to raise $100 Growing revenue
University Health Network is a 501(c)(3) organization, registered in 1964, with $2,656,266,082 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
Toronto Ontario M5g 2c4, Canada, 00000 EIN 98-6000971 Since 1964
Revenue (FY2024)
$2.7B
▲ 9.4% vs prior year
Expenses (FY2024)
$2.7B
Net assets
$409.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For University Health Network: 89% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For University Health Network: 2 mo reserves · -1% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For University Health Network: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For University Health Network: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
University health network/reseau universitaire de sante ("uhn") is canada's largest healthcare research organization. our primary value is the needs of patients come first. (continued on schdule o)
What they do
Uhn is canada's top research hospital and it is fully affiliated with the university of toronto and a member of the toronto academic health science network. uhn comprises five academic hospital sites, an education institute and six research institutes. research is supported in part by three uhn-affiliated foundations. the scope of research and complexity of cases at uhn have made it a national and international source for discovery, education and patient care. research conducted at uhn's research institutes spans the full spectrum of diseases and disciplines, including cancer, cardiovascular sciences, transplantation, neural and sensory sciences, musculoskeletal health, rehabiliation sciences, and community and population health.
The uhn/mount sinai hospital department of medicine practice plan is the vehicle for supporting 407 academic physicians at two of the university of toronto's teaching hospitals. the purpose of the plan is to support clinical, educational and research activities of the group.
Contact & location
- Address
- Toronto Ontario M5g 2c4, Canada, 00000
- City
- —
- State
- —
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.8B (FY2014) to $2.7B (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.9BNet assets $409.4M
Operating margin
-0.9%
Spent more than it raised in the latest fiscal year.
Total assets
$3.3B
Total liabilities
$2.9B
Net assets
$409.4M
Salaries & benefits
$1.6B
58% of expenses
Board members
20
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,656,266,082▲9.4% | $2,679,223,748▲11.0% | $409,430,300▼2.8% | $3,321,554,674▲33.4% | 990 |
| 2023 | $2,427,464,225▲10.2% | $2,413,016,979▲7.8% | $421,026,227▲3.8% | $2,489,073,966▲10.1% | 990 |
| 2022 | $2,203,140,590▼2.0% | $2,239,412,699▼0.1% | $405,424,517▼15.0% | $2,259,810,093▼8.1% | 990 |
| 2021 | $2,248,286,535▲10.9% | $2,241,284,301▲12.2% | $476,831,787▲2.3% | $2,458,175,417▲14.1% | 990 |
| 2020 | $2,026,595,052▲22.7% | $1,997,804,675▲22.2% | $466,285,487▲31.9% | $2,155,297,813▲39.0% | 990 |
| 2016 | $1,651,108,098▲2.9% | $1,635,211,883▲2.0% | $353,565,994▲2.0% | $1,550,059,173▲0.3% | 990 |
| 2015 | $1,604,753,329▼9.5% | $1,603,029,522▼8.6% | $346,473,396▼2.1% | $1,545,795,026▼3.4% | 990 |
| 2014 | $1,773,538,379 | $1,753,401,711 | $353,986,262 | $1,599,507,342 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kevin Smith — $702,238 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Smith | President & Ceo | 37.5 | $702,238 |
| Stephen Michael Smith | Laboratory Physician | 37.5 | $378,351 |
| Brian D Hodges | Executive Vice President | 35 | $361,030 |
| Rebecca Repa | Executive Vice President | 37.5 | $351,228 |
| A Keith Stewart | Vice President | 35 | $346,710 |
| Jan Seuntjens | Head Radiation Physics | 37.5 | $344,645 |
| Brad Wouters | Executive Vice President | 37.5 | $337,366 |
| David Kirsch | Director Radiation Medicine | 35 | $331,851 |
| Darlene Dasent | Executive Vice President | 37.5 | $329,595 |
| Klaudia Nowak | Laboratory Physician | 37.5 | $329,438 |
| Thomas Forbes | Surgeon-in-chief | 35 | $308,330 |
| Kathryn J Tinckam | Physician-in-chief | 37.5 | $302,724 |
| Marnie Escaf | Vice President | 35 | $265,760 |
| Fayez Quereshy | Vice President | 35 | $256,667 |
| Pamela Hubley | Vice President | 37.5 | $243,493 |
| Marc Toppings | Vice President | 37.5 | $223,938 |
| Janet Newton | Senior Vice Pres (end 1/25) | 37.5 | $212,479 |
| Sheila O'brien | Executive Vp (end 3/24) | 37.5 | $175,316 |
| Kenneth Mark Spencer | Vice President | 37.5 | $169,649 |
| Mr Ajay Virmani | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ellisdon Corporation | Construction Svcs | $48,599,211 |
| Pcl Constructors Canada Inc | Construction Svcs | $19,483,755 |
| Black Mcdonald Ltd | Construction Svcs | $5,536,400 |
| Chart Construction Management Inc | Construction Svcs | $5,091,220 |
| Dineen Construction 2017 | Construction Svcs | $5,013,015 |
Grants received · $25K total
2 grants to University Health Network totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Boston Medical Center Corporation | Subaward | 2016 | $13,663 |
| Boston Medical Center Corporation | Subaward | 2015 | $11,179 |
Frequently asked questions
- Is University Health Network a legitimate nonprofit?
- Yes. University Health Network is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 98-6000971.
- What is University Health Network's EIN?
- University Health Network's Employer Identification Number (EIN) is 98-6000971.
- How much revenue does University Health Network report?
- University Health Network reported $2,656,266,082 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of University Health Network's spending goes to programs?
- University Health Network spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University Health Network have?
- CharityIndex grades University Health Network A, based on program efficiency and fundraising cost.
- How much does University Health Network's highest-paid employee make?
- The highest reported compensation on University Health Network's latest Form 990 is $702,238, paid to Kevin Smith (President & Ceo).
Explore more
Data for University Health Network (EIN 98-6000971) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.