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• Fairchild

Maintaining Economic Viability—The Hard Facts

Economically speaking, 2009 has been AORN’s most challenging year. Due to a $1.5 million loss in investments in 2008, Headquarters’ staff and the Board had to make the following extremely tough decisions to ensure our fiscal health: 

Reduction in force (12 full time employees)—first in AORN’s history

Moved investments from stocks into bonds and money market

No merit increases or incentives

401K matching reduced

Delayed capital projects

Reduced travel for staff, committees and Board

Reduced marketing and other expenses

Reduced staff ’s professional development

Instituted a fee to nonmembers for the Nurse Consult Line

The good news—as a result of  all these actions, AORN should break even for 2009. Additionally, we’ve succeeded in using innovative methods to continue to accomplish our goals and meet members’ needs. We believe 2010 will bring new growth and increased revenues from AORN products and services, allowing us to reinstate staff benefits and other value-added items.

Learn more about AORN's Board of Directors.

Read more news in AORN Connections.