2013 ONS Annual Report Volume 1 | Page 19

19 2013 Annual Repor t ONS:Edge Leadership 2013–2014 BOARD OF DIRECTORS Anne Marie Robertson, MBA, President Jasmine Martin, DNP, MSN, APRN, President-Elect Gena P. Cook, Director Ryan Iwamoto, ARNP, CP, MN, AOCN®, Treasurer Georgia M. Decker, APRN, ANP-BC, AOCN®, Director Operating Revenue 2013 Sales............................................................................ $2,823,239 EX-OFFICIO Mary Gullatte, PhD, RN, ANP, BC, AOCN®, FAAN ONS President ONS CHIEF EXECUTIVE OFFICER Paula Trahan Rieger, RN, MSN, CAE, FAAN Total......................................................... $2,823,239 Operating Expenses Payroll, taxes and fringes................................................ $877,125 General administrative....................................................... $86,666 Printing............................................................................. $52,720 INTERIM EXECUTIVE DIRECTOR (TO JULY 2013) Charles Wozniak Postage, freight, and mail house....................................... $30,229 EXECUTIVE DIRECTOR (AFTER JULY 2013) Steve Shangold Vicki Norton, MHA, RN, OCN®, ONS Board Representative Legal and accounting........................................................ $10,063 Adminstrative access fees............................................... $367,500 Exhibit, advertising, and marketing................................. $110,333 Contributions..................................................................... $5,000 Meetings......................................................................... $537,991 Rent and utilities............................................................. $102,189 Staff services.................................................................... $58,934 Service and honoraria..................................................... $309,780 Other................................................................................. $93,760 Total......................................................... $2,642,290 MANAGEMENT’S DISCUSSION AND ANALYSIS Organizational changes made in 2012 led to a financial turnaround in 2013. The company’s $604,000 operating loss in 2012 converted to an operating profit of $181,000 in 2013. Cost-cutting reduced the operating expenses by $950,000. After factoring in taxes and other non-operating activity, ONS:Edge earned an overall net profit of $99,000 in 2013 compared to a $334,000 loss in 2012. The organization’s financial future looks healthy.