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A MESSAGE FROM OUR CHAIR
Belief in the Future
John McKinley
Chair of the Board
As the population grows and our demographics show increasing age, it is clear that the health human resource workforce must keep up. Our own graduates have long been complemented by clinicians who studied abroad, but standards are not always well aligned. Touchstone Institute has the expertise needed by regulators to make the determinations required to ensure that we continue to address our human resource needs with competent and safe practitioners. This is not just relevant for Ontario regulators as labour mobility provisions mean that licensure from any jurisdiction in Canada must be respected. This has resulted in a movement towards common approaches and standards among licensing bodies. In recent years, Touchstone Institute has shown it can develop exams accepted across Canada, and can administer remotely through partnerships and technology. This has been another successful year that aligns fully with our corporate plans for growth and our societal mission.
A MESSAGE FROM OUR CEO
Progress on the Plan
Sten Ardal
CEO
It has been two years since the board endorsed a plan to promote our services more broadly. Our communication strategy has focused on sharing our expertise at professional gatherings, and to listening to the needs of current and aspiring clients. In the past year we added a new therapeutics assessment for Optometry, a CELBAN communication examination site in Saskatchewan, we began to administer the Medical Council of Canada’s Qualifying Exam II, and saw implementation of an agreement with the Royal College of Physicians and Surgeons of Canada to administer several of their qualifying exams. Our Learning programs for IMGs underwent significant positive change, and Visa Trainee programming was re-conceived to be more accessible and to better promote integration with other IMGs. These new lines of business have meant stronger relations with our pan-Canadian partners, and the welcome site of new team members at our Toronto offices.
Board of Directors
John McKinley
Board Chair
Dan Faulkner
Board Member
Ella Ferris
Board Member
Brian Hodges
Board Member
Lianne Krakauer
Board Member
Murray Klein
Board Member
Hanika Pinto
Board Member
Parveen Wasi
Board Member
Governance
Board of Directors
Curricular Advisory Committee
Assessment Oversight Committee
The Board of Directors determines corporate strategy and other groups make decisions that govern ongoing operations.
The Curricular Advisory Committee is a group of physician leaders with post-graduate medical school appointments. They are responsible for the design and oversight of our physician learning programs.
The Assessment Advisory Committee is a cross-departmental group with a mandate to provide leadership in exam development, and ensure reflective, strategic and critical review of all exams and the issues arising from assessment processes.
For the College of Nurses of Ontario (CNO), the Federation of Optometric Regulatory Authorities of Canada (FORAC), and the Canadian Centre for Language Benchmarks (CCLB) we have established joint oversight as shown in the graphic.
Governance
Board of Directors
The Board of Directors determines corporate strategy and other groups make decisions that govern ongoing operations.
Curricular Advisory Committee
The Curricular Advisory Committee is a group of physician leaders with post-graduate medical school appointments. They are responsible for the design and oversight of our physician learning programs.
Assessment Oversight Committee
The Assessment Advisory Committee is a cross-departmental group with a mandate to provide leadership in exam development, and ensure reflective, strategic and critical review of all exams and the issues arising from assessment processes.
For the College of Nurses of Ontario (CNO), Federation of Optometric Regulators of Canada (FORAC), and Canadian Centre for Language Benchmarks (CCLB) we have established joint oversight as shown in the graphic.
AT A GLANCE
2018-19 Financial Performance
Revenue
Expenses
CONDENSED STATEMENT OF OPERATIONS
2018-19
| REVENUES | ||
| Funding from Ministry of Health and Long Term Care | 7,098,471 | 7,385,334 |
| Funding from Ministry of Training, Colleges and Universities | 443,373 | 677,926 |
| Exam fees, development and application fees | 3,216,296 | 3,139,604 |
| Other revenues | 130,074 | 93,375 |
| Amortization of deferred capital funding | 278,246 | 192,099 |
| 11,166,460 | 11,488,338 | |
| EXPENSES | ||
| Examiners and support staff | 2,814,918 | 2,773,860 |
| Employees salaries and benefits | 3,863,860 | 3,590,737 |
| Facility rental and occupancy | 1,831,378 | 1,957,018 |
| Bursaries paid out | 273,750 | 232,500 |
| Clinical funding transfers | 455,510 | 499,950 |
| Professional fees | 84,272 | 98,884 |
| Other operating expenses | 1,148,421 | 1,295,734 |
| 10,472,109 | 10,448,683 | |
| . | ||
| Excess of Revenues over Expenses | 694,351 | 1,039,655 |
| Receivable from (Repayable to) Ministry of Health and Long Term Care | 77,534 | (417,603) |
| Net Excess of Revenues over Expenses | 771,885 | 622,052 |
2018-19 SOURCES OF
Revenue
| 63% | Funding from Ministry of Health | |
| 30% | Exam fees, development and application fees | |
| 4% | Funding from Ministry of Training, Colleges and Universities | |
| 2% | Amortization of deferred capital funding | |
| 1% | Other revenues |
2018-19 OPERATING
Expenses
| 37% | Employees salaries and benefits | |
| 27% | Examiners and support staff | |
| 17% | Facility rental and occupancy | |
| 11% | Other operating expenses | |
| 4% | Clinical funding transfers | |
| 3% | Bursaries paid out | |
| 1% | Professional fees |
