Aorn Foundation EIN 84-1193583

Aorn Foundation

EIN  84-1193583 Public foundation / grantmaker Denver, CO
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/1/26 · see original filing: IRS
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Size
$1–10M
What they do
Empowering nurses to improve surgical patient safety through support and resources.
Leadership
Colette Palmer · Executive Director, Aorn Foundation · $231K
Money in and out
$2.6M revenue, $2.6M expenses
Bottom line
87% program efficiency

Empowering nurses to improve surgical patient safety through support and resources. For fiscal year 2024 it reported $2.6M in revenue, $2.6M in expenses, and $5.8M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.06 Fundraising $0.07
Program efficiency
87%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
28.9mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -105% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.6M
FY2024▲ +17%
Expenses
$2.6M
FY2024▲ +33%
Total assets
$6.9M
FY2024▲ +7%
Total liabilities
$1.0M
FY2024▲ +40%
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$5.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$6.9M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $2.2M of program spending, described in the organization's own filed words · FY2024.
01

Funded Initiatives

The foundation collects funding that is then directed to aorn for various mission related programs for which aorn provides services.

$1.5Mprogram expense
02

Education Grants

Monies to supplement conference registrations or certification completion.

$372Kprogram expense
03

Scholarships

Awards to individuals pursuing, or advancing, a career in nursing through academic education.

$255Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAorn Foundation
EINHdr · item D84-1193583
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.aorn.org/aornfoundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director, Aorn Foundation
$231,296Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
CEO/Executive Director
$0Pt VII · Sec A

Colette Palmer’s $231K as Executive Director, Aorn Foundation is at the 88th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Colette Palmer$231,296$212,840$198,444$186,206$173,976

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.3M · 90%
Investment income$272K · 10%
Contributions & grants90%$2.3M
Investment income10%$272K
Total revenueLn 12$2.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.06 Fundraising $0.07
Program services87%$2.3M
Management & general6%$160K
Fundraising7%$172K
Total functional expensesLn 25$2.6M

Balance Sheet

Part X · end of year
CashLn 1$328K
Total assetsLn 16$6.9M
Total liabilitiesLn 26$1.0M
Total net assetsLn 32$5.8M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.2M · Operating expenses (Pt IX) $2.6M · Less non-cash grants $45K · Cash operating expenses/yr $2.6M
28.9 months
Where the money goes
Program services
Program services $2.3M · Total expenses $2.6M
87%
Management & General
Management & general $160K · Total expenses $2.6M
6%
Fundraising
Fundraising $172K · Total expenses $2.6M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $176K · Solicited contributions (3-yr avg) $2.4M
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.3M · Total revenue $2.6M
90%
Government reliance
Government grants — · Total revenue $2.6M
Earned-income share
Program service revenue $0 · Total revenue $2.6M
0%
Investment reliance
Investment income $272K · Total revenue $2.6M
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.6M
0%
Growth & trend
Revenue growth (YoY)
This year $2.6M · Prior year $2.2M
+17%
Revenue CAGR
FY2020 $2.6M · FY2024 $2.6M
0%
Net-asset trend (YoY)
End of year $5.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.6M · Expenses $2.6M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $6.9M
Net-asset ratio
Net assets $5.8M · Total assets $6.9M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.2M · Other securities (Pt X, ln 12) $696K · Total assets (Pt X, ln 16) $6.9M
86%
People & payroll
Highest Reported Total Compensation
Individual Colette Palmer · Reported title EXECUTIVE DIRECTOR, AORN FOUNDATION · Highest reported compensation $231K · Total expenses $2.6M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $360K · Total expenses $2.6M
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 6%
Fundraising cost ratio 7%
Revenue growth 17%
Investment management fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 22 grants · $2.1M · 2020–2024
Unitemized GrantFY2024$250,576
Unitemized GrantFY2024$218,280
Unitemized GrantFY2024$15,000
Unitemized GrantFY2024$2,367
Unitemized GrantFY2023$157,960
Unitemized GrantFY2023$108,323
Unitemized GrantFY2023$53,655
Unitemized GrantFY2023$15,250
Unitemized GrantFY2022$318,230
Unitemized GrantFY2022$238,900
Unitemized GrantFY2022$131,916
Unitemized GrantFY2022$17,814
Unitemized GrantFY2022$4,944
Unitemized GrantFY2022$2,718
Unitemized GrantFY2021$156,813
Unitemized GrantFY2021$28,390
Unitemized GrantFY2021$27,587
Unitemized GrantFY2021$17,995
See all 22 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.6M revenue · viewing · ⤓ 990 PDF
FY2023$2.2M revenue · ⤓ 990 PDF
FY2022$3.0M revenue · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$2.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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