NEW YORK SOCIETY FOR THE RELIEF OF THE RUPTURED AND CRIPPLED MAINTAINING THE

EIN: 131624135 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$1,681,682,378
Total Expenses
$1,549,857,093
Total Assets
$3,124,359,384
Net Assets
$1,809,747,410
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Financial Trends

Organization Details

Formation Year
1863
Legal Domicile
NY
Principal Officer
Bryan T Kelly
Phone
2126061000
Tax Period
2023-01-01 to 2023-12-31

NEW YORK SOCIETY FOR THE RELIEF OF THE RUPTURED AND CRIPPLED MAINTAINING THE, founded in 1863, is a large national nonprofit in the Health Care sector that reported $1.7B in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5B left a modest 8% surplus.

Mission

THE MISSION OF HOSPITAL FOR SPECIAL SURGERY IS TO PROVIDE THE HIGHEST QUALITY PATIENT CARE, IMPROVE MOBILITY, AND ENHANCE THE QUALITY OF LIFE FOR ALL AND TO ADVANCE THE SCIENCE OF ORTHOPEDIC SURGERY, RHEUMATOLOGY, AND THEIR RELATED DISCIPLINES THROUGH RESEARCH AND EDUCATION. WE DO THIS REGARDLESS OF RACE, COLOR, CREED, SEXUAL ORIENTATION, OR ETHNIC ORIGIN.

Program Service Accomplishments

Program 1
Expenses: $1,139,280,948 Revenue: $1,506,294,456

PATIENT CARE: HOSPITAL FOR SPECIAL SURGERY IS COMMITTED TO PROVIDING WORLD-CLASS CARE TO ITS PATIENTS AND HELPING THEM TO REGAIN THEIR MOBILITY, WHILE ALSO ADVANCING RESEARCH INITIATIVES TO EXPLORE...

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PATIENT CARE: HOSPITAL FOR SPECIAL SURGERY IS COMMITTED TO PROVIDING WORLD-CLASS CARE TO ITS PATIENTS AND HELPING THEM TO REGAIN THEIR MOBILITY, WHILE ALSO ADVANCING RESEARCH INITIATIVES TO EXPLORE AND IMPROVE TREATMENTS FOR ORTHOPEDIC AND RHEUMATOLOGIC CONDITIONS. HOSPITAL FOR SPECIAL SURGERY OPERATED 166 STAFFED BEDS AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022; AND 43 and 40 OPERATING ROOMS AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022. WE PERFORMED 30,694 SURGERIES, A INCREASE OF 1,669 OVER THE PRIOR YEAR, WHILE NON-SURGICAL OUTPATIENT VISITS NUMBERED 648,169, 49,888 MORE THAN 2022. HOSPITAL FOR SPECIAL SURGERY PROVIDED INPATIENT CARE TO 10,811 PATIENTS, 1,065 LESS THAN 2022. OF THOSE IN 2023, 10,578 WERE SURGICAL. TOTAL AMBULATORY SURGICAL CASES NUMBERED 20,116, AN INCREASE OF 2,716 FROM 2022. THE HOSPITAL HAS A DIVERSE PATIENT POPULATION SERVING THOSE WITH PUBLIC INSURANCE (MEDICARE AND MEDICAID), PRIVATE INSURANCE (VARIOUS PAYORS) AND THE UNINSURED. THE HOSPITAL MAINTAINS A FINANCIAL ASSISTANCE PROGRAM TO ASSIST THOSE THAT CANNOT PAY FOR ITS SERVICES AND PROVIDES NUMEROUS OTHER COMMUNITY BENEFIT PROGRAMS. HOSPITAL FOR SPECIAL SURGERY IS ALSO RECOGNIZED AS A MAGNET HOSPITAL FOR EXCELLENCE IN NURSING CARE. THE HOSPITAL IS RECOGNIZED FOR ITS EXCELLENCE IN PATIENT CARE AND IS CONSISTENTLY RANKED BY U.S. NEWS AND WORLD REPORT IN ITS SPECIALTIES.

Program 2
Expenses: $53,997,778 Revenue: $40,614,795

RESEARCH: THE RESEARCH DIVISION OF HOSPITAL FOR SPECIAL SURGERY CONTINUED ITS ACTIVITIES IN 2023 TOWARD ENHANCING AND EXPANDING OUR RESEARCH IN MUSCULOSKELETAL DISEASES. RESEARCH AT HOSPITAL FOR...

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RESEARCH: THE RESEARCH DIVISION OF HOSPITAL FOR SPECIAL SURGERY CONTINUED ITS ACTIVITIES IN 2023 TOWARD ENHANCING AND EXPANDING OUR RESEARCH IN MUSCULOSKELETAL DISEASES. RESEARCH AT HOSPITAL FOR SPECIAL SURGERY WORKS TO ADVANCE THE UNDERSTANDING AND TREATMENT OF MUSCULOSKELETAL DISORDERS THROUGH BASIC, TRANSLATIONAL AND CLINICAL RESEARCH AND EDUCATION. THE GOALS ARE TO IDENTIFY GENETIC, ENVIRONMENTAL, CELLULAR, STRUCTURAL AND MOLECULAR MECHANISMS UNDERLYING DISORDERS IMPORTANT IN ORTHOPEDICS, RHEUMATOLOGY AND RELATED DISCIPLINES AND TO DISCOVER EFFECTIVE APPROACHES FOR DIAGNOSIS PREVENTION, AND TREATMENT OF THESE DISORDERS. HSS Research Institute (HSSRI) is home to a uniquely collaborative culture in which basic scientists work together with clinician-investigators to accelerate discoveries that will result in new treatments and improved outcomes for musculoskeletal patients. HSS Research Institute is composed of basic, clinical, and translational scientists to accelerate discoveries that will result in new treatments and improved outcomes for musculoskeletal patients. The key programmatic areas that have allowed us to make major contributions to musculoskeletal health include (1) Bone Health and Implant Integration (2) Inflammation & Autoimmunity (3) Joint Preservation and Regeneration (4) Musculoskeletal Pain Research. These programs are supported by an enabling infrastructure including a Genomics Center, Precision Medicine Laboratory, Center for Regenerative Medicine and Center for Biostatistics. HSSRI has active collaborations with the Applied Researchers within the Imaging and Radiology and Biomechanics Departments, many clinical departments including Orthopedic Services and Rheumatology/Medicine and is expanding collaborations with Physiatry, Anesthesia, Pathology and Neurology. Combining HSSRI expertise with the volume, breadth, and depth of patients seen at HSS to develop unparalleled clinical research and populations health outcomes programs, can further the national and international visibility of our institution. AS A RESULT OF STRONG INTRA - AND INTER - PROGRAMMATIC INTERACTIONS, AND THE USE OF SHARED CORE RESOURCES, OUR PORTFOLIO OF INNOVATIVE DISCOVERY AND DEVELOPMENT HAS EXPANDED EXPONENTIALLY. TO PROVIDE THE FINAL COMPONENT NEEDED TO ACHIEVE BENCH-TO BEDSIDE RESEARCH, THE BASIC RESEARCH INSTITUTE, IN COLLABORATION WITH CLINICIAN RESEARCHERS HAS CREATED A DISTINGUISHED CLINICAL RESEARCH PROGRAM. In 2023, THE RESEARCH INSTITUTE was FUNDED BY AN OPERATING BUDGET OF $55 MILLION, SUPPORTED IN PART BY APPROXIMATELY $41 MILLION IN EXTRAMURAL FUNDS, INCLUDING $16.6 MILLION FROM NEWLY AWARDED FEDERAL GRANTS. THIS RESEARCH RESULTED IN over 1200 PUBLICATIONS among the 240 research personnel IN 2023. HIGHLIGHTS FOR 2023 INCLUDE: continued advancement of HSS's research mission by: 1) supporting and retaining our most productive faculty, 2) mentoring the next generation of scientists, 3) expanding our collaborative efforts with clinicians and recruitment of full time clinical research scientists, and 4) supporting the infrastructure necessary to advance our research and ensure compliance, AND 5) SCIENTIFIC HIGHLIGHTS INCLUDE, laboratory studies in areas such as bone and implant integration, spine disc development, periprosthetic joint infection, tendon and ligament repair, robotics, biologics and autoimmune diseases (i.e. Rheumatoid Arthritis, Systemic Sclerosis, Lupus), REGENERATIVE MEDICINE; and SINGLE CELL SEQUENCING.

Program 3
Expenses: $62,317,499 Revenue: $10,280,568

Education Institute: HSS education institute continued to make strides towards the mission to be "the most trusted educator" in the field of musculoskeletal health for patients, physicians, allied...

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Education Institute: HSS education institute continued to make strides towards the mission to be "the most trusted educator" in the field of musculoskeletal health for patients, physicians, allied health professionals and the general public. In 2023, we strengthened strategic partnerships with our 24 education and academic advisory committees and councils, as well as furthering external community relations globally, engaging 96 partner countries. The HSS Orthopedic Residency program, voted #1 training program by board certified orthopaedists, trained 47 residents, 73 fellows, and 98 medical students in 2023. For other trainees, there were 545 in-rotators and 21 consults. In 2023, we engaged 12.1 million people through 6,700 cutting edge live and digital education programs, including our HSS e-academy, ACGME Programs, CME Accredited Activities, Simulation Learning & Training Center sessions, Global Partnership Initiatives, Kim Barrett Memorial Medical Library Users, and Community Education & Outreach Programs. EI also hosted 71 academic visitors and credentialed nearly 1,797 physicians and health care providers. We continue to set the highest standard with our ACCME accredited and non-accredited professional education programs. In 2023, the Education Institute through its continuing education and global academic partnerships departments, including HSS e-academy, delivered nearly 6,700 educational activities including onsite courses, grand rounds, internet live courses, internet enduring material and journal-based continuing medical education activities resulting in over 175,000 learner interactions with a diversity of healthcare professionals and teams. EI's Community Education & Outreach department reached 10.1 million consumers through more than 1,300 community education programs and videos.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,858,508
Program Service Revenue $1,417,149,880
Investment Income $42,745,279
Other Revenue $140,928,711
TOTAL REVENUE $1,681,682,378

Expense Breakdown

Grants Paid $541,934
Salaries & Benefits $897,187,010
Fundraising Expenses $0
Program Expenses $1,255,596,225
Other Expenses $652,128,149
TOTAL EXPENSES $1,549,857,093

Year-over-Year Comparison

2023 2022 Change
Revenue $1,681,682,378 $1,509,770,732 +0.1%
Expenses $1,549,857,093 $1,437,437,271 +0.1%
Net Income $131,825,285 $72,333,461 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
50
Independent Members
42
Employees
7418
Volunteers
285

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
12
$20,404,078
Total Directors
54
$20,632,946
Key Employees
5
$6,512,779
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louis A Shapiro-To 923 President & Chief Exec Officer 51.23
Officer Director
$5,653,569 $91,846 $6,373,589
Han Jo Kim Attending Physician 40.66
Highest
$4,812,635 $46,884 $4,859,519
Bryan T Kelly-From 923 President & Chief Exec Officer 50.73
Officer Director
$4,131,001 $88,390 $4,678,392
Answorth Allen-Join BOT 2023 Member/Associate SIC 59.43
Officer Director
$3,277,724 $79,209 $3,390,042
Joshua Dines Attending Physician 50.0
Highest
$3,177,771 $71,651 $3,249,422
Benedict Nwachukwu Assistant Attending Physician 50.0
Highest
$2,924,545 $43,227 $2,967,772
Riley Williams Attending Physician 50.0
Highest
$2,732,357 $91,445 $2,823,802
William M Ricci Chief of the Trauma Service 50.0
Highest
$2,600,910 $66,883 $2,667,793
Stacey L Malakoff EVP & Chief Financial Officer 48.23
Officer
$2,129,467 $79,780 $2,585,035
Hollis Potter Radiologist-in-Chief 60.0
Key Emp
$2,220,545 $88,204 $2,308,749
Douglas Padgett-From 923 Member/Surgeon-in-Chief 59.23
Officer Director
$2,041,384 $85,910 $2,127,294
Justin Oppenheimer-see Sch O EVP, Chief Strategy Officer 60.0
Key Emp
$1,658,143 $57,556 $1,715,699
Irene Koch EVP & Chief Legal Officer 48.42
Officer
$1,026,486 $42,095 $1,249,726
Reginald Odom EVP & Chief People Officer 60.0
Key Emp
$1,061,377 $73,014 $1,134,391
S Louis Bridges Jr Member/Physician-in-Chief 59.23
Director
$947,269 $38,977 $987,246
Lionel Ivashkiv-Left BOT 2023 Member/Chief Scientific Office 60.0
Director
$900,524 $71,307 $971,831
Mathias Bostrom-Join BOT 2023 Member/Associate SIC 60.0
Director
$834,169 $34,378 $868,547
Paul Coyne Sr. VP & CNO 60.0
Key Emp
$710,418 $37,174 $747,592
Mary Cassai-From 823 ENTERP Chief Operating Officer 60.0
Key Emp
$567,276 $39,072 $606,348
Andy Miller Member/Assoc Attending Physici 49.6
Director
$534,097 $33,964 $568,061
Ricky Guillot Former VP, Interim CNO 60.0
$432,194 $50,177 $482,371
Suzanne Maher-Join BOT 2023 Member/Chief Research Officer 60.0
Director
$370,362 $62,554 $432,916
Andrew A Sama Member/Assoc Attending Physici 22.97
Director
$165,101 $69,927 $235,028
Todd J Albert Former Surgeon-in-Chief 19.46
$152,876 $64,880 $218,756
Daniel C Benton Member 1.57
Director
$0 $0 $0
Herbert Black Member 0.91
Director
$0 $0 $0
Michael C Brooks Member 1.48
Director
$0 $0 $0
Kathryn Chenault Member 1.31
Director
$0 $0 $0
Charles Coleman III Member 1.36
Director
$0 $0 $0
Leslie Cornfeld Member 1.65
Director
$0 $0 $0
Cynthia Foster Curry Member 1.56
Director
$0 $0 $0
Anthony de Nicola Member 1.89
Director
$0 $0 $0
James G Dinan Member 1.61
Director
$0 $0 $0
Anne Ehrenkranz Member 1.63
Director
$0 $0 $0
Michael Esposito Vice Chair 3.46
Officer Director
$0 $0 $0
Wayne AI Frederick Member-Joined BOT 2023 0.95
Director
$0 $0 $0
Marina Kellen French Member 1.65
Director
$0 $0 $0
Giammaria Giuliani Member 1.82
Director
$0 $0 $0
Robert Goldstein Member 1.81
Director
$0 $0 $0
Russell Hutchinson Member-Left BOT 2023 0.72
Director
$0 $0 $0
Warren B Kanders Member 1.31
Director
$0 $0 $0
Scott Kapnick Member 1.49
Director
$0 $0 $0
Monica Keany Vice Chair-from 4/2023 5.32
Officer Director
$0 $0 $0
Thomas J Kelly Member-Left BOT 2023 0.41
Director
$0 $0 $0
Sacha Lainovic Member 2.65
Director
$0 $0 $0
Laurie Hodges Lapeyre Vice Chair-from 4/2023 5.88
Officer Director
$0 $0 $0
Pablo Legorreta Member 0.91
Director
$0 $0 $0
Lara R Lerner Member 2.27
Director
$0 $0 $0
Kathy Leventhal Member 1.64
Director
$0 $0 $0
Thomas H Lister Co-Chair 17.15
Officer Director
$0 $0 $0
Patrice Louvet Member 1.36
Director
$0 $0 $0
Alan S MacDonald Member 2.23
Director
$0 $0 $0
Celene Menschel Member 1.56
Director
$0 $0 $0
Sarah E Nash Member-Join BOT 2023 1.01
Director
$0 $0 $0
Mary Kathryn Navab Member 2.0
Director
$0 $0 $0
Terence M O'Toole Vice Chair-from 4/2023 4.2
Officer Director
$0 $0 $0
Matthew H Peltz Member 1.12
Director
$0 $0 $0
Steven Rattner Member 1.44
Director
$0 $0 $0
Scott Rechler Member 1.67
Director
$0 $0 $0
Edward Skyler Member-Join BOT 2023 1.07
Director
$0 $0 $0
Jonathan Sobel Member 1.15
Director
$0 $0 $0
Deirdre Stanley Member 1.08
Director
$0 $0 $0
Robert K Steel Co-Chair 17.04
Officer Director
$0 $0 $0
Jonathan Tisch Member 1.46
Director
$0 $0 $0
Frances Townsend Member 0.95
Director
$0 $0 $0
Robin Vince Member-Join BOT 2023 0.85
Director
$0 $0 $0
Jeffrey Wilpon Member-Join BOT 2023 0.91
Director
$0 $0 $0
Ellen M Wright Member 1.81
Director
$0 $0 $0
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 $1,681,682,378 $1,549,857,093 $3,124,359,384 $131,825,285
2022 $1,509,770,732 $1,437,437,271 $2,854,593,557 $72,333,461
2021 $1,457,664,115 $1,352,052,928 $3,004,163,711 $105,611,187
2020 $1,330,093,726 $1,284,546,333 $3,032,332,032 $45,547,393
2019 $1,375,044,988 $1,277,128,475 $2,315,097,883 $97,916,513
2018 $1,288,800,208 $1,187,734,270 $1,738,788,770 $101,065,938
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