1 / 5

SROI Report Card Year 8: Oct ‘09 – Sep ‘10

SROI Report Card Year 8: Oct ‘09 – Sep ‘10. Social Mission Overview. Goals. Methods. Success Metrics. Hire couriers and office administrative staff from disadvantaged youth population

darice
Télécharger la présentation

SROI Report Card Year 8: Oct ‘09 – Sep ‘10

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SROI Report Card Year 8: Oct ‘09 – Sep ‘10

  2. Social Mission Overview Goals Methods Success Metrics • Hire couriers and office administrative staff from disadvantaged youth population • Provide transitional work experience to enable youth to develop employability skills, a resume and a support network • Enable youth to access the mainstream job market • Enable youth to stabilize life situation, begin a career path and leave the shelter system • Recruit youth serving agencies across Toronto • Provide a real job, not a job training experience • Establish a supportive management environment • Assist youth with planning and making next steps regarding housing and employment • Youth meet or exceed job expectations • TurnAround helps youth secure next job and establish a career path • Youth are able to get off and stay off government financial assistance SROI Report Card: Year End 2010

  3. Financial Performance Financial Metrics Cumulative Societal Cost Savings (8 years) Business Overview • Sales fell 5% from 2009 revenue of $356,661 • 150 new customers in 2010 • Entered into partnership with a GTA delivery firm in order to provide clients with a wider range of delivery options. SROI Report Card: Year End 2010

  4. Social Return on Investment Annual Social Metrics 2010 Target Group Employee Overview 2010 SROI Report Card: Year End 2010

  5. SROI Definitions and Calculations • Target Group: • The target hire group was drawn from youth (up to 29 years) that worked at TurnAround Couriers for over 2 months (2002 – 2006) and for over 3 months (2007 – 2010) over a 8 year period. Target hires complete surveys, exit sheets to obtain socio-economic data. Only these hires are considered for cost savings and SROI calculations. • Total Societal Cost Savings: • Shelter Cost Savings + Government Income Support Cost Savings + Employment Services Cost Savings • Shelter Cost Savings • Shelter cost savings for a new hire recruited from a shelter is calculated as the average stay for a youth in a Toronto shelter of 4.5 months or 137 days multiplied by the average per diem cost a Toronto youth shelter receives per youth per day from the City of Toronto Housing and Shelter Services of $53 (2005 baseline cost). For SROI reports from 2005 and onwards, an additional 3% is added every year to this base cost to account for inflation, making the 2010 per diem cost approximately $61. • Government Income Support Cost Savings • Government income support cost savings for a new hire who reported receiving income support prior to being hired at TAC is calculated as the number of months employed at TAC in a year, multiplied by the cost of income supports for a single person or person with dependants ($585/$1005, 2010) . • Employment Services Cost Savings • As of 2010: Employment services cost savings for a new hire who reported receiving assistance from community service agencies prior to begin hired at TAC is calculated as the average duration that youth receive employment services (2.2 months , 2010) subtracted from the average duration for receiving employment services (4 months) and the cost savings of the difference based on the average cost for serving an individual ($1854) (Employment Ontario, Employment Service delivery model for assisted clients). • Prior to 2010: Youth community service agencies were canvassed in 2005 to determine the annual baseline cost of delivering employment services. Cost estimates were based on annual per head budget estimates given by 4 Toronto -based youth service agencies and an average was taken to account for this baseline cost: $3097 + $1019 + $3000 + $3786 /4 = $2726 • SROI: • Cumulative cost savings to society (over 8 years) / Total investment made to date SROI Report Card: Year End 2010

More Related