AORN FOUNDATION (EIN 841193583) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JAMES COUSIN II

Phone

3037556300

Tax Period

2023-01-01 to 2023-12-31

AORN FOUNDATION, founded in 1992, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 12% surplus.

Mission

TO ADVANCE PATIENT SAFETY BY SUPPORTING THE NURSES WHO MAKE SURGERY SAFE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,005,585

Program Service Revenue $0

Investment Income $154,797

Other Revenue $81,642

TOTAL REVENUE $2,242,024

Expense Breakdown

Grants Paid $386,932

Salaries & Benefits $351,235

Fundraising Expenses $180,661

Program Expenses $1,658,272

Other Expenses $1,234,092

TOTAL EXPENSES $1,972,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,242,024	$3,013,655	-0.3%
Expenses	$1,972,259	$2,477,627	-0.2%
Net Income	$269,765	$536,028	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,265,054

Total Directors

$557,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BLACK	TRUSTEE	1.00	Director	$0	$0	$0
LARRY ASPLIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURYL BOYUM	TRUSTEE	1.00	Director	$0	$0	$0
DONALD BRANDT	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE DAVIS	TREASURER	1.00	Officer Director	$0	$0	$0
RIC CUMING END 1223	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FARRELL END 1223	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN BURRS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLOTTE GUGLIELMI	TRUSTEE	1.00	Director	$0	$0	$0
JOAN SPEAR END 1223	TRUSTEE	1.00	Director	$0	$0	$0
DAN VOECKS	TRUSTEE	1.00	Director	$0	$0	$0
LINDA GROAH EX-OFFICIO	TRUSTEE, CEO OF AORN, INC.	1.00	Officer Director	$0	$13,174	$557,649
ANNE FAIRCHILD	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE MARIE LEAHY END 1223	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA STRATTON	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON JOMINY BEGIN 52022	TRUSTEE	1.00	Director	$0	$0	$0
JAMES L COUSIN	CFO, AORN INC.	1.00	Officer	$0	$21,597	$481,946
COLETTE PALMER	EXECUTIVE DIRECTOR, AORN F	40.00	Officer	$212,840	$12,619	$225,459

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,242,024	$1,972,259	$6,437,947	$269,765
2022	$3,013,655	$2,477,627	$5,852,546	$536,028
2021	$1,842,892	$1,668,983	$6,192,804	$173,909
2020	$2,578,993	$2,369,149	$6,567,479	$209,844
2019	$2,443,627	$1,876,589	$6,005,137	$567,038
2018	$2,551,628	$2,604,738	$5,011,392	$-53,110

AORN FOUNDATION