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The Hospital for Special Surgery Fund Inc

NEW YORK, NY · EIN 136714749 · Form 990 · FY2024 · NTEE E110 · Health Care · Large ($10M-$50M) · hss.edu
revenue
$34.3M
expenses
$20.2M
net assets
$120.7M
employees
54
volunteers
48
program ratio
24%
mission · from form 990

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.

profile · synthesized from sources

The Hospital for Special Surgery (HSS) is a leading orthopedic hospital specializing in musculoskeletal conditions, including joint replacement, spine care, sports medicine, and rheumatology. It operates multiple clinical locations across New York, New Jersey, Connecticut, and Florida, providing specialized care through both direct clinical services and collaborative partnerships. The organization emphasizes patient-centered treatment, high clinical outcomes, and strict operational and information security standards for vendors supporting its facilities.

named programs · 5 · from sources

What they call their work

HSS Rehabilitation and Performance
Physical and occupational therapy services across multiple locations, including sports rehab and hand therapy
Joint Replacement
Specialized surgical and rehabilitative care for hip, knee, and shoulder replacements
Rheumatology
Medical management of autoimmune and inflammatory joint diseases such as arthritis
Spine Care
Comprehensive diagnosis and treatment of spinal disorders, including surgical and non-surgical options
Sports Medicine
Orthopedic care for athletes and active individuals, including injury prevention and performance rehabilitation
activities · 6 groups

What they do

  • Biomedical Research and Innovation 1 activity
    • Conducts musculoskeletal research and clinical innovation
      Operates 21 laboratories with 300 staff members focused on preventing degeneration, repairing and regenerating tissue, and publishes over 1,200 research articles annually, along with maintaining 100+ active clinical trials and 90+ patient registries.
  • Orthopedic Surgery and Musculoskeletal Care 1 activity
    • Delivers specialized orthopedic and rheumatology care
      Provides specialized care to over 200,000 patients annually and performs over 40,000 orthopedic surgical procedures each year, including through multiple outpatient care locations across New York, New Jersey, Connecticut, Florida, and Westchester.
  • Campus and Residential Safety Services 1 activity
    • Implements vendor security and compliance protocols
      Requires all vendors to register with Green Security, maintain credentials and training, check in through designated systems, and display ID badges when onsite at HSS facilities, with access to Main Campus restricted to the E. 70th Street ramp during specified hours.
  • Medical Professional Education & Training 1 activity
    • Offers postgraduate medical training and continuing education
      Offers over 600 courses to more than 30,152 medical professionals in over 130 countries through its online platform, operates a top-ranked orthopedic residency program, over 20 fellowships, and provides continuing medical education via live conferences, webinars, on-demand courses, surgical videos, podcasts, and a Simulation Learning & Training Center.
  • Disease-Specific Clinical & Patient Education 1 activity
    • Provides patient education and outreach
      Distributes email communications, a monthly newsletter, and notifications about webinars and educational events on musculoskeletal health, including updates on autoimmune and inflammatory conditions such as lupus, scleroderma, and inflammatory arthritis.
  • Uncategorized 2 activities
    • Collects and publishes patient experience data
      Collected and published more than 4,000 patient experience testimonials to inform care quality and patient engagement.
    • Shares hospital performance data to support patient decision-making
      Developed the Hospital Reliability Scorecard and shares reliability data for 10 of the most common orthopedic procedures to help patients evaluate hospital performance and make informed care decisions.
financials · form 990 · fy2024
revenue
Total revenue$34.29M
Contributions & grants$16.09M47%
Program service revenue$11.77M34%
Investment income$8.90M26%
Other revenue$-2.47M
expenses
Total expenses$20.17M
Program expenses24%
Admin / overhead12%
Fundraising65%
Salaries & benefits$11.86M
Grants paid out$4.78M
Largest expense lineCompensation
balance sheet
Total assets$158.55M
Cash$10.66M
Investments$143.24M
Liabilities$37.86M
Net assets$120.69M
Liquid reserves91.5 mo
3 years on record · 2020–2024 · YoY revenue +25.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 13
NameTitleHours/wkCompensation
Bryan T Kelly President & CEO 9 $5.33M
Louis A Shapiro-Thru 2023 Former President & CEO 0 $3.43M
Stacey L Malakoff EVP & Chief Financial Officer 2 $2.96M
Irene Koch EVP & Chief Legal Officer 3 $1.42M
Catherine Callagy SVP & Chief Develop. Officer 60 $1.18M
Stavros Memtsoudis-JOIN 2024 Member/Anesthesiologist 0 $673K
Andy Miller Member/Attending Physician 0 $591K
Holly J Menzie VP, Development 60 $519K
Caroline Hastings Assistant VP, Development 60 $436K
Alessandra T Garber Assistant VP, Development 60 $364K
Ryan Bagley Assistant VP, Development 60 $344K
Benjamin Neihart Exec Dir, Development 45 $324K
Andrew A Sama Member/Attending Physician 0 $249K
board members · 12
  • Alan S MacDonald — Member
  • Anne Ehrenkranz — Member
  • Anthony de Nicola — Member
  • Celene Menschel — Member
  • Charles Coleman III — Member
  • Cynthia Foster Curry — Member
  • Daniel C Benton — Member
  • Deirdre Stanley — Member
  • Edward Skyler — Member
  • Ellen M Wright — Member
  • Frances Townsend — Member
  • Giammaria Giuliani — Member
relationships · 28

Who they work with

  • American Nurses Credentialing Center Government — Grants Magnet Recognition for nursing excellence
  • Becker's Hospital Review Partner — Recognizes HSS for low readmission rates and orthopedic excellence
  • Brooklyn Nets Partner — Official Hospital partner of the Brooklyn Nets.
  • Castle Connolly Partner — Recognizes HSS physicians as Top Doctors nationally and regionally
  • Doximity Partner — Ranks HSS Orthopedic residency program as #1 training program by board certified orthopedists
  • Green Security Partner — Partner organization providing vendor credentialing, background checks, and access management services for HSS facilities and networks.
  • HIMSS Partner — Validates HSS for meeting EMRAN Stage 7 standards in digital health transformation
  • HSS Global Partner — HSS collaborates with medical centers and organizations through HSS Global to advance musculoskeletal care and expand access to HSS services.
  • Healthgrades Partner — Recognizes HSS with multiple national awards for orthopedic surgery, joint replacement, spine surgery, and patient experience
  • Human Rights Campaign (HRC) Government — Designates HSS as an LGBTQ+ Healthcare Equality Leader through its Healthcare Equality Index
  • NCH Partner — Partners with HSS to provide orthopedic care at a location in Naples, Florida.
  • NYRR Partner — Official Hospital partner of NYRR.
  • New York Giants Partner — Official Hospital partner of the New York Giants.
  • New York Knicks Partner — Official Hospital partner of the New York Knicks.
  • New York Magazine Partner — Recognizes HSS physicians as Best Doctors annually
  • New York Mets Partner — Official Hospital partner of the New York Mets.
  • New York Red Bulls Partner — Official Hospital partner of the New York Red Bulls.
  • Newsweek Government — Partner in peer-to-peer survey for “World’s Best Specialized Hospitals in Orthopedics”.
  • Press Ganey Partner — Recognizes HSS with Guardian of Excellence and Pinnacle of Excellence Awards for patient experience
  • Stamford Health Partner — Collaborates with HSS on orthopedic and sports rehabilitation services across multiple locations in Connecticut.
  • U.S. News & World Report Coalition — Recognized by U.S. News & World Report as a top hospital for orthopedics.
  • U.S. News & World Report Government — Partner in reputational surveys for Best Hospitals rankings in Orthopedics, Rheumatology, and Children's specialties.
  • U.S. News & World Report Government — Recognizes HSS as #1 in Orthopedics for 16 consecutive years and a national leader in Rheumatology.
  • U.S. News & World Report Government — Source of national hospital rankings in orthopedics and rheumatology
  • USA Basketball Partner — Official Hospital partner of USA Basketball.
  • WebMD Partner — Recognizes HSS with Elite Award based on patient and physician preference
  • Weill Cornell Medical College Partner — Every HSS doctor holds a faculty appointment at Weill Cornell Medical College.
  • Weill Cornell Medical College Partner — Faculty at HSS serve as faculty members at Weill Cornell Medical College.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Integrated Research-to-Clinical Practice Model
    methodology: bench_to_bedside
    By integrating research, education, and clinical care through "bench to bedside" teams, HSS accelerates the translation of scientific discoveries into effective treatments because close collaboration between scientists and clinicians reduces implementation lag and enhances innovation adoption.
  • Patient-Centered Clinical Integration
    methodology: integrated_specialty_care
    By integrating diagnosis, treatment planning, and surgical intervention within specialized teams, HSS improves care coordination and patient outcomes because unified, interdisciplinary management reduces fragmentation and aligns care with individual patient needs.
  • Specialized Care Concentration
    methodology: specialized-care-model
    By focusing all clinical staff exclusively on musculoskeletal conditions, HSS produces higher clinical expertise and better patient outcomes because deep specialization enhances diagnostic precision, treatment planning, and procedural success.
  • Transparency and Education-Driven Engagement
    methodology: patient-centered transparency
    By promoting hospital performance transparency and delivering regular digital patient education, HSS empowers informed decision-making and improves health outcomes because accessible, reliable information increases patient activation and adherence to care plans.