The Hospital for Special Surgery Fund Inc (EIN 136714749) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Bryan T Kelly

Phone

2126061000

Tax Period

2023-01-01 to 2023-12-31

The Hospital for Special Surgery Fund Inc, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $27.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $9.0M, a strong 33% operating margin.

Mission

TO RAISE FUNDS TO SUPPORT CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES OF ITS TAX-EXEMPT AFFILIATE THE HOSPITAL FOR SPECIAL SURG, & OTHER HLTH CARE RELATED CHARITABLE ORGS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,509,378

Program Service Revenue $10,362,202

Investment Income $5,086,500

Other Revenue $-1,689,908

TOTAL REVENUE $27,268,172

Expense Breakdown

Grants Paid $4,517,683

Salaries & Benefits $10,561,789

Fundraising Expenses $11,349,726

Program Expenses $4,517,683

Other Expenses $3,143,998

TOTAL EXPENSES $18,223,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,268,172	$29,472,765	-0.1%
Expenses	$18,223,470	$17,640,729	+0.0%
Net Income	$9,044,702	$11,832,036	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$14,886,742

Total Directors

$11,855,070

Key Employees

$1,362,368

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Louis A Shapiro-To 923	President & CEO	4.5	Officer Director	$471,130	$91,846	$6,373,589
Bryan T Kelly-From 923	President & CEO	4.5	Officer Director	$344,251	$88,390	$4,678,392
Stacey L Malakoff	EVP & Chief Financial Officer	1.8	Officer	$75,158	$79,780	$2,585,035
Catherine Callagy	SVP & Chief Develop. Officer	60.0	Key Emp	$1,291,890	$70,478	$1,362,368
Irene Koch	EVP & Chief Legal Officer	3.0	Officer	$60,381	$42,095	$1,249,726
Andy Miller	Member/Assoc Attending Physici	0.2	Director	$0	$33,964	$568,061
Holly J Menzie	VP, Development	60.0	Highest	$410,365	$40,095	$450,460
Alessandra T Garber	Assistant VP, Development	60.0	Highest	$323,547	$44,498	$368,045
Benjamin Neihart	Exec Dir, Development Research	45.0	Highest	$201,074	$62,707	$330,805
Ryan Bagley	Assistant VP, Development	60.0	Highest	$298,538	$25,872	$324,410
Marissa Nemirofsky-To 223	Assistant VP, Development	60.0	Highest	$243,421	$7,550	$250,971
Andrew A Sama	Member/Assoc Attending Physici	0.2	Director	$0	$69,927	$235,028
Daniel C Benton	Member	0.18	Director	$0	$0	$0
Herbert Black	Member	0.11	Director	$0	$0	$0
Michael C Brooks	Member	0.18	Director	$0	$0	$0
Kathryn Chenault	Member	0.16	Director	$0	$0	$0
Charles Coleman III	Member	0.16	Director	$0	$0	$0
Leslie Cornfeld	Member	0.2	Director	$0	$0	$0
Cynthia Foster Curry	Member	0.18	Director	$0	$0	$0
Anthony de Nicola	Member	0.22	Director	$0	$0	$0
James G Dinan	Member	0.19	Director	$0	$0	$0
Anne Ehrenkranz	Member	0.19	Director	$0	$0	$0
Michael Esposito	Vice Chair	0.41	Officer Director	$0	$0	$0
Wayne AI Frederick	Member-Join BOT 2023	0.11	Director	$0	$0	$0
Marina Kellen French	Member	0.2	Director	$0	$0	$0
Giammaria Giuliani	Member	0.22	Director	$0	$0	$0
Robert Goldstein	Member	0.21	Director	$0	$0	$0
Russell Hutchinson	Member-Left BOT 2023	0.08	Director	$0	$0	$0
Warren B Kanders	Member	0.16	Director	$0	$0	$0
Scott Kapnick	Member	0.18	Director	$0	$0	$0
Monica Keany	Vice Chair-From 4/2023	0.63	Officer Director	$0	$0	$0
Thomas J Kelly	Member-Left BOT 2023	0.05	Director	$0	$0	$0
Sacha Lainovic	Member	0.31	Director	$0	$0	$0
Laurie Hodges Lapeyre	Vice Chair-From 4/2023	0.69	Officer Director	$0	$0	$0
Pablo Legorreta	Member	0.11	Director	$0	$0	$0
Lara R Lerner	Member	0.27	Director	$0	$0	$0
Kathy Leventhal	Member	0.19	Director	$0	$0	$0
Thomas H Lister	Co-Chair	2.07	Officer Director	$0	$0	$0
Patrice Louvet	Member	0.16	Director	$0	$0	$0
Alan S MacDonald	Member	0.26	Director	$0	$0	$0
Celene Menschel	Member	0.18	Director	$0	$0	$0
Sarah E Nash	Member-Join BOT 2023	0.12	Director	$0	$0	$0
Mary Kathryn Navab	Member	0.24	Director	$0	$0	$0
Terence M O'Toole	Vice Chair-From 4/2023	0.5	Officer Director	$0	$0	$0
Matthew H Peltz	Member	0.13	Director	$0	$0	$0
Steven Rattner	Member	0.17	Director	$0	$0	$0
Scott Rechler	Member	0.2	Director	$0	$0	$0
Edward Skyler	Member-Join BOT 2023	0.13	Director	$0	$0	$0
Jonathan Sobel	Member	0.14	Director	$0	$0	$0
Deirdre Stanley	Member	0.13	Director	$0	$0	$0
Robert K Steel	Co-Chair	2.01	Officer Director	$0	$0	$0
Jonathan Tisch	Member	0.17	Director	$0	$0	$0
Frances Townsend	Member	0.11	Director	$0	$0	$0
Robin Vince	Member-Join BOT 2023	0.1	Director	$0	$0	$0
Jeffrey Wilpon	Member-Join BOT 2023	0.11	Director	$0	$0	$0
Ellen M Wright	Member	0.21	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	$27,268,172	$18,223,470	$135,240,308	$9,044,702
2022	$29,472,765	$17,640,729	$115,842,743	$11,832,036
2021	$24,476,361	$17,132,366	$132,917,931	$7,343,995
2020	$30,209,360	$14,688,355	$118,543,922	$15,521,005
2019	$27,136,825	$20,486,983	$100,189,514	$6,649,842
2018	$21,116,690	$14,116,008	$85,751,429	$7,000,682

The Hospital for Special Surgery Fund Inc