2013 ONS Annual Report Volume 1 | Page 17

17 2013 Annual Repor t FUND-RAISING MANAGEMENT’S DISCUSSION AND ANALYSIS ADMINISTRATION ONCC generated $3,470,000 in operating revenue and incurred $2,882,000 in operating expenses to achieve $588,500 in net operating profit in 2013. This compares favorably to its 2012 net operating profit of $565,000. Operating expenses increased $400,000 from 2013, mostly related to higher testing expenses. Program expenses equaled 89% of total operating expenses, while administration and fund-raising expenses equaled 11%. OPERATING REVENUE 2013 Registration fees.......................................................... $1,946,059 ONC-PRO renewal fee.................................................. $1,442,126 Practice Tests.................................................................... $59,035 Contributions..................................................................... $5,000 Other revenue.................................................................... $18,092 Total......................................................... $3,470,312 OPERATING EXPENSES 2013 Payroll, taxes, and fringes............................................... $882,216 Meeting and travel........................................................... $318,275 PROGRAMS Printing and duplicating.................................................... $55,909 Professional fees................................................................ $9,651 General administration.................................................... $200,377 Contributions.................................................................... $74,000 ONCC Leadership 2013–2014 BOARD OF DIRECTORS Postage and freight........................................................... $57,665 Rent and utilities............................................................... $79,739 Contract service.............................................................. $967,092 Other............................................................................... $236,911 Total......................................................... $2,881,834 Susan Bruce, RN, MSN, OCN®, President Lauri Linder, PhD, APRN, CPON®, Vice-President Kathy Riley, BS, Secretary/Treasurer and Public Member Barbara A. Biedrzycki, PhD, CRNP, AOCNP , ONS Board Liaison ® Lucy Hertel, RN, BSN, OCN®, Director Becky O’Shea, RN, MS, OCN®, AOCNS®, CBCN®, Director Mary Beth Singer, MS, ANP-BC, AOCN®, Director Michael Smart, RN, BSN, OCN®, Director Melody Watral, MSN, RN, CPNP, CPON®, APHON Board Liaison EX-OFFICIO Mary Gullatte, PhD, RN, ANP, BC, AOCN®, FAAN ONS President OPERATING EXPENSES Programs..................................................................... $2,571,411 ONS CHIEF EXECUTIVE OFFICER Paula Trahan Rieger, RN, MSN, CAE, FAAN EXECUTIVE DIRECTOR Cynthia Miller Murphy, RN, MSN, CAE Administration................................................................. $298,940 Fund-raising...................................................................... $11,483 Total......................................................... $2,881,834