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Governance

Stewarding Change

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About Touchstone Institute

Touchstone Institute is a non-profit corporation that offers expertise in evaluation and curriculum development to promote public confidence in professional competence in the Canadian workforce. We excel in providing competency-based services in support of successful transitions to training and practice that meet professional and societal needs.

Touchstone Institute fosters strong relationships with key stakeholders to share knowledge, promote dialogue, and implement programs with cross-sectoral impacts. Supported by expertise in simulation, innovation in exam technology, and robust research-based quality assurance, we are expertly prepared to meet the diverse needs of our clients, stakeholders, and partners. We specialize in creating valid and authentic competency-based experiences for internationally educated health professionals.

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Our Vision

Public confidence in
professional competence.

Our Mission

To excel in providing competency assessment and education services that meet professional and societal needs.

A MESSAGE FROM OUR CHAIR

Looking Back and Looking Forward

Ella Ferris

Chair of the Board

It has been a privilege to serve as Chair of the Board for Touchstone Institute during this past year of reflection, looking back and looking forward, as Strategic Planning was the Board’s priority. We focused on how to maximize the exceptional organizational leadership, internal talent, and expertise to find new and innovative ways to ensure that our services are redesigned, using state-of-the-art technology to meet our mission; “to excel in providing competency assessment and education services that meet professional and societal needs.”

Ella Ferris Headshot
A headshot of Sten, wearing a blue suit and a red tie

A MESSAGE FROM OUR CEO

Going Virtual

Sten Ardal

Chief Executive Officer

We had to shut down most of our services in 2020-21, focusing that year on re-imagining our services and developing solutions that could be implemented in a pandemic environment. I am proud to say that in this past year we have been able to administer comprehensive interactive learning programs and a full slate of exams. We did this by going virtual, with all our programs transitioned to being either partially or totally online. The response has been extremely positive as virtual programming lessens anxieties about viral exposure and can be experienced anywhere - reducing travel and costs to participants. This transition has been challenging and has required new methodologies, policies, and procedures.

Board of Directors

Ella Ferris Headshot

Ella Ferris

Ariana Bradford headshot

Ariana Bradford

Dan Faulkner Headshot

Dan Faulkner

Murray Klein Headshot

Murray Klein

Lianne Krakauer Headshot

Lianne Krakauer

Shamira Madhany Headshot

Shamira Madhany

Hanika Pinto Headshot

Dr. Hanika Pinto

Nizar Ladak headshot

Nizar Ladak

CONDENSED STATEMENT OF OPERATIONS 2022 Financial Performance

YEAR END MARCH 31
REVENUES
Funding from Ministry of Health 6,407,346 6,458,647
Funding from Ministry of Labour Training and Skills Development - 343,706
Funding from Employment and Social Development Canada 308,961 -
Exam fees, development and application fees 2,685,530 733,907
Other revenues 139,622 671,053
Amortization of deferred capital funding 118,903 190,006
9,660,362 8,397,319
EXPENSES
Examiners and support staff 2,320,954 730,564
Employees salaries and benefits 4,249,649 3,817,101
Facility rental and occupancy 1,927,426 1,891,899
Bursaries paid out 280,500 279,000
Clinical funding transfers 472,175 477,470
Professional fees 93,053 73,708
Other operating expenses 875,884 859,195
10,219,641 8,128,937
Excess of Revenues over Expenses (559,279) 268,382
Receivable (Repayable) to Ministry of Health (193,778) -
Net Excess of Revenue over Expenses (753,057) 268,382

2021-22 Sources of Revenue

2022_TSIN_revenue
27.80%
Exam Fees, Development Fees and Application Fees
1.45%
Other Revenues
1.23%
Amortization of Deferred Capital
66.32%
Funding from the Ministry of Health Ontario
3.20%
Funding from The Government of Canada-Employment and Social Development

2021-22 Operating Expenses

2022_TSIN_expenses
22.71%
Examiners and Support Staff
41.58%
Employees Salaries and Benefits
18.86%
Facility Rental and Occupancy
2.74%
Bursaries Paid Out
4.62%
Clinical Funding Transfers
0.91%
Professional Fees
8.57%
Other Operating Expenses

© 2022 Touchstone Institute

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