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← NEW YORK SOCIETY FOR THE RELIEF OF RUPTURED & CRIPPLED MAINTAINING

Form 990 for tax year 2024

Filed by NEW YORK SOCIETY FOR THE RELIEF OF RUPTURED & CRIPPLED MAINTAINING.

Totals

Total revenue
$1,756,859,714
Total expenses
$1,642,543,258
Contributions and grants received
$80,745,815
Grants paid
$460,860
Program service revenue
$1,499,820,412
Investment income
$60,619,456
Other revenue
$115,674,031
Total assets, end of year
$3,434,987,967
Total liabilities, end of year
$1,402,421,293
Net assets or fund balances, end of year
$2,032,566,674
Program services expenses (Part IX)
$1,322,207,431
Management and general expenses
$320,335,827
Fundraising expenses
$0
Program service expenses (Part III)
$1,322,207,431

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,666,288

  • 1e · Government grants (contributions)

    $14,798,992

  • 1f · All other contributions, gifts and grants

    $61,280,535

  • 1g · Noncash contributions included above

    $1,409,118

  • 2a · Program service revenue: NET INPATIENT REVENUE

    total $429,285,711 · related or exempt $429,285,711

  • 2b · Program service revenue: NET OUTPATIENT REVENUE

    total $869,448,151 · related or exempt $869,448,151

  • 2c · Program service revenue: PROFESSIONAL FEES

    total $201,086,550 · related or exempt $201,086,550

  • 3 · Investment income

    total $50,632,139 · unrelated business -$173,547 · excluded $50,805,686

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $242,000 · excluded $242,000

  • 6a · Gross rents

    real property $1,817,051

  • 6b · Less rental expenses

    real property $2,715,057

  • 6c · Rental income or loss

    real property -$898,006 · personal property $0

  • 6d · Net rental income or loss

    total -$898,006 · excluded -$898,006

  • 7a · Gross sales of assets other than inventory

    securities $284,055,774

  • 7b · Less cost or other basis and sales expenses

    securities $274,068,457

  • 7c · Gain or loss

    securities $9,987,317

  • 7d · Net gain or loss

    total $9,987,317 · excluded $9,987,317

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: RECOVERIES-EXPENSES

    total $34,272,720 · related or exempt $34,272,720

  • 11b · Other revenue: RECOVERIES-MD RELATED EXP

    total $38,299,010 · related or exempt $38,299,010

  • 11c · Other revenue: STAMFORD COLLABORATION

    total $8,463,634 · related or exempt $8,463,634

  • 11d · All other revenue

    total $35,294,673 · related or exempt $34,039,103 · unrelated business $1,255,570

  • 11e · Other revenue, total

    $116,330,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $460,860 · program services $460,860

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $25,180,220 · program services $10,026,409 · management and general $15,153,811

  • 6 · Compensation of disqualified persons

    total $4,990,223 · program services $226,305 · management and general $4,763,918

  • 7 · Other salaries and wages

    total $760,066,494 · program services $663,835,783 · management and general $96,230,711

  • 8 · Pension plan contributions

    total $11,367,691 · program services $9,999,778 · management and general $1,367,913

  • 9 · Other employee benefits

    total $113,850,774 · program services $97,315,099 · management and general $16,535,675

  • 10 · Payroll taxes

    total $46,977,136 · program services $40,154,181 · management and general $6,822,955

  • 11a · Fees: management

    total $27,061,757 · program services $9,060,867 · management and general $18,000,890

  • 11b · Fees: legal

    total $9,024,641 · management and general $9,024,641

  • 11c · Fees: accounting

    total $823,838 · management and general $823,838

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $400,000 · management and general $400,000

  • 11g · Fees: other

    total $34,207,277 · program services $20,257,847 · management and general $13,949,430

  • 12 · Advertising and promotion

    total $25,199,194 · management and general $25,199,194

  • 13 · Office expenses

    total $26,541,926 · program services $19,907,073 · management and general $6,634,853

  • 14 · Information technology

    total $48,015,968 · management and general $48,015,968

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $67,486,478 · program services $56,196,348 · management and general $11,290,130

  • 17 · Travel

    total $3,367,261 · program services $2,617,281 · management and general $749,980

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $12,031,654 · program services $9,272,092 · management and general $2,759,562

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $94,428,857 · program services $73,174,753 · management and general $21,254,104

  • 23 · Insurance

    total $35,978,475 · program services $22,008,892 · management and general $13,969,583

  • 24a · Other expenses: MEDICAL SUPPLIES & IMPLANT

    total $221,513,412 · program services $221,513,412

  • 24b · Other expenses: RESEARCH (NET OF RECOVERIES)

    total $27,286,440 · program services $27,286,440

  • 24c · Other expenses: SPF SUPPLIES

    total $16,996,048 · program services $16,996,048

  • 24d · Other expenses: BAD DEBT

    total $10,385,035 · program services $10,385,035

  • 24e · All other expenses

    total $18,901,599 · program services $11,512,928 · management and general $7,388,671

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $265,686,066 · end of year $289,544,784

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $52,729,490 · end of year $40,772,452

  • 4 · Accounts receivable

    beginning of year $260,200,029 · end of year $256,454,479

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $15,069,127 · end of year $15,081,296

  • 8 · Inventories for sale or use

    beginning of year $23,006,729 · end of year $26,978,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,826,423 · end of year $11,116,083

  • 10a · Land, buildings and equipment: cost or other basis

    $1,963,181,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,074,261,491

  • 10c · Land, buildings and equipment, net

    beginning of year $819,035,831 · end of year $888,919,953

  • 11 · Investments: publicly traded securities

    beginning of year $654,598,739 · end of year $757,681,345

  • 12 · Investments: other securities

    beginning of year $395,987,000 · end of year $403,154,000

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $335,400 · end of year $279,500

  • 15 · Other assets

    beginning of year $626,884,550 · end of year $745,005,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $175,942,817 · end of year $197,734,400

  • 18 · Grants payable

    beginning of year $1,191,937 · end of year $1,191,937

  • 19 · Deferred revenue

    beginning of year $5,606,240 · end of year $4,866,956

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $529,321,664 · end of year $526,542,555

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $602,549,316 · end of year $672,085,445

  • 27 · Net assets without donor restrictions

    beginning of year $1,176,927,126 · end of year $1,352,886,612

  • 28 · Net assets with donor restrictions

    beginning of year $632,820,284 · end of year $679,680,062

Mission and programs · 2024

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.

Activities or mission (Part I)

PROVIDE THE HIGHEST QUALITY PATIENT CARE, IMPROVE MOBILITY, & ENHANCE THE QUALITY OF LIFE FOR ALL, & ADVANCE THE SCIENCE OF ORTHOPEDIC SURG, RHEUMATOLOGY, & THEIR RELATED DISCIPLINES.

  • 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 156 and 166 STAFFED BEDS AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2023; AND 43 OPERATING ROOMS AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2023. WE PERFORMED 30,781 SURGERIES, A INCREASE OF 87 OVER THE PRIOR YEAR, WHILE NON-SURGICAL OUTPATIENT VISITS NUMBERED 729,918, 41,079 MORE THAN 2023. HOSPITAL FOR SPECIAL SURGERY PROVIDED INPATIENT CARE TO 9,162 PATIENTS, 1,649 LESS THAN 2023. OF THOSE IN 2024, 8,953 WERE SURGICAL. TOTAL AMBULATORY SURGICAL CASES NUMBERED 21,828, AN INCREASE OF 1,712 FROM 2023. 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.

    Expenses $1,197,022,493 · Grants $460,860 · Revenue $1,559,864,176

  • RESEARCH: THE RESEARCH DIVISION OF HOSPITAL FOR SPECIAL SURGERY CONTINUED ITS ACTIVITIES IN 2024 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 2024, THE RESEARCH INSTITUTE was FUNDED BY AN OPERATING BUDGET OF $59 MILLION, SUPPORTED IN PART BY APPROXIMATELY $44 MILLION IN EXTRAMURAL FUNDS, INCLUDING $17.2 MILLION FROM NEWLY AWARDED FEDERAL GRANTS. THIS RESEARCH RESULTED IN over 1250 PUBLICATIONS among the 245 research personnel IN 2024. HIGHLIGHTS FOR 2024 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.

    Expenses $58,091,304 · Revenue $44,037,990

  • 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 2024, we strengthened strategic partnerships with our 24 education and academic advisory committees and councils, as well as furthering external community relations globally, engaging 107 partner countries. The HSS Orthopedic Residency program, voted #1 training program by board certified orthopaedists, trained 46 residents, 75 fellows, and 125 medical students in 2024. For other trainees, there were 516 in-rotators and 45 consults. In 2024, we engaged 12.3 million people through 4,173 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 355 academic visitors and credentialed nearly 1,361 physicians and health care providers. We continue to set the highest standard with our ACCME accredited and non-accredited professional education programs. In 2024, the Education Institute through its continuing education and global academic partnerships departments, including HSS e-academy, delivered nearly 7,300 educational activities including onsite courses, grand rounds, internet live courses, internet enduring material and journal-based continuing medical education activities resulting in learner interactions with a diversity of healthcare professionals and teams. EI's Community Education & Outreach department reached 10.3 million consumers through more than 700 community education programs and videos.

    Expenses $67,093,634 · Revenue $10,992,713

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan T Kelly

    President & CEO

    Total calculated
    $5,329,588
    From this org
    $4,183,697
    From related orgs
    $1,045,924
    Other
    $99,967
    Hours/week
    44.73 + 15.27 related

    Schedule J breakdown matched by us

    Base
    $2,162,555 + $540,639 related
    Bonus
    $1,956,740 + $489,185 related
    Other
    $64,402 + $16,100 related
    Deferred
    $24,841 + $6,210 related
    Nontaxable benefits
    $55,133 + $13,783 related
    Filer's total
    $4,263,671 + $1,065,917 related

  • Joshua Dines

    Attending Physician

    Total calculated
    $4,037,566
    From this org
    $3,947,922
    From related orgs
    $0
    Other
    $89,644
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $864,627
    Bonus
    $0
    Other
    $3,083,295
    Deferred
    $31,050
    Nontaxable benefits
    $58,594
    Filer's total
    $4,037,566

  • Answorth Allen

    Member/Associate SIC

    Total calculated
    $3,530,188
    From this org
    $3,403,037
    From related orgs
    $34,374
    Other
    $92,777
    Hours/week
    59.4 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $780,762 + $7,886 related
    Bonus
    $0
    Other
    $2,622,275 + $26,488 related
    Deferred
    $30,741 + $311 related
    Nontaxable benefits
    $61,108 + $617 related
    Filer's total
    $3,494,886 + $35,302 related

  • Louis A Shapiro-Thru 2023

    Former President & CEO

    Total calculated
    $3,428,637
    From this org
    $3,428,637
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $1,260,000
    Other
    $2,168,637
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $3,428,637

  • Stacey L Malakoff

    EVP & Chief Financial Officer

    Total calculated
    $2,964,817
    From this org
    $2,441,280
    From related orgs
    $430,814
    Other
    $92,723
    Hours/week
    48.23 + 11.77 related

    Schedule J breakdown matched by us

    Base
    $1,345,813 + $237,496 related
    Bonus
    $998,215 + $176,156 related
    Other
    $97,252 + $17,162 related
    Deferred
    $26,393 + $4,658 related
    Nontaxable benefits
    $52,421 + $9,251 related
    Filer's total
    $2,520,094 + $444,723 related

  • Benedict Nwachukwu

    Attending Physician

    Total calculated
    $2,950,369
    From this org
    $2,872,710
    From related orgs
    $0
    Other
    $77,659
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $502,601
    Bonus
    $0
    Other
    $2,370,109
    Deferred
    $25,875
    Nontaxable benefits
    $51,784
    Filer's total
    $2,950,369

  • William M Ricci

    Chief of the Trauma Service

    Total calculated
    $2,681,834
    From this org
    $2,604,175
    From related orgs
    $0
    Other
    $77,659
    Hours/week
    56.77

    Schedule J breakdown matched by us

    Base
    $977,217
    Bonus
    $0
    Other
    $1,626,958
    Deferred
    $25,875
    Nontaxable benefits
    $51,784
    Filer's total
    $2,681,834

  • Riley Williams

    Attending Physician

    Total calculated
    $2,581,269
    From this org
    $2,476,006
    From related orgs
    $0
    Other
    $105,263
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $850,144
    Bonus
    $0
    Other
    $1,625,862
    Deferred
    $31,050
    Nontaxable benefits
    $74,213
    Filer's total
    $2,581,269

  • Ernest Sink

    Chief of Ortho Hip Preser SVR

    Total calculated
    $2,394,938
    From this org
    $2,304,456
    From related orgs
    $0
    Other
    $90,482
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $400,837
    Bonus
    $0
    Other
    $1,903,619
    Deferred
    $31,050
    Nontaxable benefits
    $59,432
    Filer's total
    $2,394,938

  • Douglas Padgett

    Member/Surgeon-in-Chief

    Total calculated
    $2,388,247
    From this org
    $2,287,554
    From related orgs
    $0
    Other
    $100,693
    Hours/week
    59.23 + 0.77 related

    Schedule J breakdown matched by us

    Base
    $1,552,477
    Bonus
    $441,486
    Other
    $293,591
    Deferred
    $31,050
    Nontaxable benefits
    $69,643
    Filer's total
    $2,388,247

  • Mathias Bostrom

    Member/Associate SIC

    Total calculated
    $2,037,860
    From this org
    $1,997,296
    From related orgs
    $500
    Other
    $40,064
    Hours/week
    59.23 + 0.77 related

    Schedule J breakdown matched by us

    Base
    $906,043
    Bonus
    $0
    Other
    $1,091,253 + $500 related
    Deferred
    $31,050
    Nontaxable benefits
    $9,014
    Filer's total
    $2,037,360 + $500 related

  • Mary Cassai

    EVP, Chief Operating Officer

    Total calculated
    $1,721,661
    From this org
    $1,643,517
    From related orgs
    $0
    Other
    $78,144
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,241,106
    Bonus
    $335,166
    Other
    $67,245
    Deferred
    $25,875
    Nontaxable benefits
    $52,269
    Filer's total
    $1,721,661

  • Hollis Potter

    Radiologist-in-Chief

    Total calculated
    $1,644,642
    From this org
    $1,544,841
    From related orgs
    $0
    Other
    $99,801
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,226,379
    Bonus
    $225,000
    Other
    $93,462
    Deferred
    $31,050
    Nontaxable benefits
    $68,751
    Filer's total
    $1,644,642

  • Irene Koch

    EVP & Chief Legal Officer

    Total calculated
    $1,419,397
    From this org
    $1,166,966
    From related orgs
    $205,935
    Other
    $46,496
    Hours/week
    48.42 + 11.58 related

    Schedule J breakdown matched by us

    Base
    $730,036 + $128,830 related
    Bonus
    $404,265 + $71,341 related
    Other
    $32,665 + $5,764 related
    Deferred
    $21,995 + $3,881 related
    Nontaxable benefits
    $17,527 + $3,093 related
    Filer's total
    $1,206,488 + $212,909 related

  • Justin Oppenheimer

    EVP, Chief Strategy Officer

    Total calculated
    $1,405,415
    From this org
    $1,335,002
    From related orgs
    $0
    Other
    $70,413
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $893,618
    Bonus
    $417,340
    Other
    $24,044
    Deferred
    $31,050
    Nontaxable benefits
    $39,363
    Filer's total
    $1,405,415

  • Reginald Odom

    EVP & Chief People Officer

    Total calculated
    $1,298,481
    From this org
    $1,219,308
    From related orgs
    $0
    Other
    $79,173
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $807,634
    Bonus
    $380,414
    Other
    $31,260
    Deferred
    $25,875
    Nontaxable benefits
    $53,298
    Filer's total
    $1,298,481

  • S Louis Bridges Jr

    Member/Physician-in-Chief

    Total calculated
    $1,014,774
    From this org
    $962,643
    From related orgs
    $500
    Other
    $51,631
    Hours/week
    59.23 + 0.77 related

    Schedule J breakdown matched by us

    Base
    $646,242
    Bonus
    $267,882
    Other
    $48,519 + $500 related
    Deferred
    $25,875
    Nontaxable benefits
    $25,756
    Filer's total
    $1,014,274 + $500 related

  • Paul Coyne

    Former Sr. VP & CNO-Thru 2023

    Total calculated
    $898,815
    From this org
    $859,324
    From related orgs
    $0
    Other
    $39,491
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $584,030
    Bonus
    $247,500
    Other
    $27,794
    Deferred
    $25,875
    Nontaxable benefits
    $13,616
    Filer's total
    $898,815

  • Stavros Memtsoudis-Join 2024

    Member/Anesthesiologist

    Total calculated
    $672,928
    From this org
    $590,658
    From related orgs
    $0
    Other
    $82,270
    Hours/week
    28.25 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $561,633
    Bonus
    $20,000
    Other
    $9,025
    Deferred
    $31,050
    Nontaxable benefits
    $51,220
    Filer's total
    $672,928

  • Suzanne Maher

    Member/Chief Research Officer

    Total calculated
    $672,510
    From this org
    $599,047
    From related orgs
    $0
    Other
    $73,463
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $554,622
    Bonus
    $43,014
    Other
    $1,411
    Deferred
    $31,050
    Nontaxable benefits
    $42,413
    Filer's total
    $672,510

  • Andy Miller

    Member/Attending Physician

    Total calculated
    $590,717
    From this org
    $555,487
    From related orgs
    $0
    Other
    $35,230
    Hours/week
    49.6 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $485,170
    Bonus
    $0
    Other
    $70,317
    Deferred
    $31,050
    Nontaxable benefits
    $4,180
    Filer's total
    $590,717

  • Ricky Guillot-Thru 2022

    Former VP, Interim CNO

    Total calculated
    $438,164
    From this org
    $436,466
    From related orgs
    $0
    Other
    $1,698
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $18,866
    Bonus
    $35,100
    Other
    $382,500
    Deferred
    $1,698
    Nontaxable benefits
    $0
    Filer's total
    $438,164

  • Andrew A Sama

    Member/Attending Physician

    Total calculated
    $248,846
    From this org
    $163,533
    From related orgs
    $0
    Other
    $85,313
    Hours/week
    21.2 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $163,144
    Bonus
    $0
    Other
    $389
    Deferred
    $17,100
    Nontaxable benefits
    $68,213
    Filer's total
    $248,846

  • Todd J Albert-Thru 2019

    Former Surgeon-in-Chief

    Total calculated
    $226,805
    From this org
    $151,289
    From related orgs
    $500
    Other
    $75,016
    Hours/week
    19.39 + 0.77 related

    Schedule J breakdown matched by us

    Base
    $147,109
    Bonus
    $0
    Other
    $4,180 + $500 related
    Deferred
    $13,125
    Nontaxable benefits
    $61,891
    Filer's total
    $226,305 + $500 related

  • Patty Baker

    Member-Joined BOT 2024

    Total calculated
    $0
    Hours/week
    0.63 + 0.11 related

  • Daniel C Benton

    Member

    Total calculated
    $0
    Hours/week
    2.13 + 0.38 related

  • Herbert Black

    Member

    Total calculated
    $0
    Hours/week
    1.04 + 0.18 related

  • Michael C Brooks

    Member

    Total calculated
    $0
    Hours/week
    1.58 + 0.28 related

  • Kathryn Chenault

    Member

    Total calculated
    $0
    Hours/week
    1.2 + 0.21 related

  • Charles Coleman III

    Member

    Total calculated
    $0
    Hours/week
    1.31 + 0.24 related

  • Leslie Cornfeld

    Member

    Total calculated
    $0
    Hours/week
    1.66 + 0.3 related

  • Cynthia Foster Curry

    Member

    Total calculated
    $0
    Hours/week
    1.48 + 0.27 related

  • Anthony de Nicola

    Member

    Total calculated
    $0
    Hours/week
    1.49 + 0.27 related

  • James G Dinan

    Member

    Total calculated
    $0
    Hours/week
    1.64 + 0.29 related

  • Anne Ehrenkranz

    Member

    Total calculated
    $0
    Hours/week
    1.62 + 0.29 related

  • Michael Esposito

    Vice Chair

    Total calculated
    $0
    Hours/week
    3.36 + 0.6 related

  • Wayne AI Frederick

    Member

    Total calculated
    $0
    Hours/week
    1.29 + 0.23 related

  • Marina Kellen French

    Member

    Total calculated
    $0
    Hours/week
    1.54 + 0.27 related

  • Giammaria Giuliani

    Member

    Total calculated
    $0
    Hours/week
    1.82 + 0.33 related

  • Robert Goldstein

    Member

    Total calculated
    $0
    Hours/week
    1.2 + 0.21 related

  • Warren B Kanders

    Member

    Total calculated
    $0
    Hours/week
    1.37 + 0.24 related

  • Scott Kapnick

    Member

    Total calculated
    $0
    Hours/week
    1.67 + 0.3 related

  • Monica Keany

    Vice Chair

    Total calculated
    $0
    Hours/week
    5.73 + 1.02 related

  • Sacha Lainovic

    Member

    Total calculated
    $0
    Hours/week
    2.67 + 0.47 related

  • Richard Landgarten

    Member-Join BOT 2024

    Total calculated
    $0
    Hours/week
    0.16 + 0.03 related

  • Laurie Hodges Lapeyre

    Vice Chair

    Total calculated
    $0
    Hours/week
    5.66 + 1 related

  • Pablo Legorreta

    Member

    Total calculated
    $0
    Hours/week
    0.88 + 0.15 related

  • Lara R Lerner

    Member

    Total calculated
    $0
    Hours/week
    2.29 + 0.41 related

  • Kathy Leventhal

    Member

    Total calculated
    $0
    Hours/week
    1.58 + 0.28 related

  • Thomas H Lister

    Co-Chair

    Total calculated
    $0
    Hours/week
    17.58 + 3.6 related

  • Patrice Louvet

    Member

    Total calculated
    $0
    Hours/week
    1.43 + 0.25 related

  • Alan S MacDonald

    Member

    Total calculated
    $0
    Hours/week
    0.33 + 0.06 related

  • Celene Menschel

    Member

    Total calculated
    $0
    Hours/week
    1.58 + 0.28 related

  • Sarah E Nash

    Member

    Total calculated
    $0
    Hours/week
    1.06 + 0.18 related

  • Mary Kathryn Navab

    Member

    Total calculated
    $0
    Hours/week
    1.91 + 0.33 related

  • Terence M O'Toole

    Vice Chair

    Total calculated
    $0
    Hours/week
    4.21 + 0.75 related

  • Matthew H Peltz

    Member

    Total calculated
    $0
    Hours/week
    0.92 + 0.16 related

  • Steven Rattner

    Member

    Total calculated
    $0
    Hours/week
    1.4 + 0.25 related

  • Scott Rechler

    Member

    Total calculated
    $0
    Hours/week
    1.99 + 0.37 related

  • Edward Skyler

    Member

    Total calculated
    $0
    Hours/week
    1.24 + 0.22 related

  • Nicholas Somers

    Member-Joined BOT 2024

    Total calculated
    $0
    Hours/week
    0.38 + 0.06 related

  • Jonathan Sobel

    Member

    Total calculated
    $0
    Hours/week
    1.02 + 1.09 related

  • Deirdre Stanley

    Member

    Total calculated
    $0
    Hours/week
    1.38 + 0.24 related

  • Robert K Steel

    Co-Chair

    Total calculated
    $0
    Hours/week
    13.32 + 2.35 related

  • Jonathan Tisch

    Member

    Total calculated
    $0
    Hours/week
    1.48 + 0.26 related

  • Frances Townsend

    Member

    Total calculated
    $0
    Hours/week
    0.95 + 0.17 related

  • Robin Vince

    Member

    Total calculated
    $0
    Hours/week
    1.04 + 0.18 related

  • Jeffrey Wilpon

    Member

    Total calculated
    $0
    Hours/week
    1.92 + 0.34 related

  • Ellen M Wright

    Member

    Total calculated
    $0
    Hours/week
    1.84 + 0.33 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1A/B
First Class Travel - The HSS travel policy states that THE Chief Executive Officer, SURGEON-IN-CHIEF AND EXECUTIVE VICE PRESIDENTS HAVE APPROVAL FROM THE COMPENSATION COMMITTEE OF THE BOARD TO FLY BUSINESS CLASS IF THE FLIGHT IS GREATER THAN 2 HOURS, OR FIRST CLASS IF BUSINESS CLASS IS NOT AVAILABLE. THE Chief Executive Officer REVIEWS THE EXECUTIVE VICE PRESIDENTS EXPENSES, AND THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE Chief Executive Officer'S AND SURGEON-IN-CHIEF'S EXPENSES ON A QUARTERLY BASIS. BUSINESS CLASS OR FIRST CLASS TRAVEL ARE NOT TREATED AS TAXABLE COMPENSATION. IN 2024, FIRST CLASS TRAVEL WAS REIMBURSED TO THE Chief Executive Officer, Chief Financial Officer, Surgeon-In-Chief, and Chief Operating Officer. Housing Allowance - Housing allowance was paid to the Chief Financial Officer, Chief of the Trauma Service, and Chief Operating Officer, and was treated as taxable compensation.
Schedule J, Part I, Line 4A
Louis A. Shapiro, Former President & Chief Executive Officer, received severance pay of $2,100,000, and Ricky Guillot, Former VP Interim CNO, received severance pay of $382,500, which are included in Schedule J, Part II, Column (B)(III). Severance payments began January 2024 and ended December 2024.
Schedule J, Part I, Line 5A
Certain employed physicians listed on Part VII, Section A, Line 1A receive compensation in part, based on professional service revenue generated from services they personally performed in their individual practices. In 2024, no physician was paid compensation contingent upon the organization's overall revenue or net earnings.
Schedule J, Part I, Line 6A
Performance based incentive awards are paid to officers and key employees based on a number of important quality, satisfaction, efficiency, and financial measures, of which achieving budget is a factor.
Schedule J, Part II
THE PHYSICIAN-IN-CHIEF, ASSOCIATE SURGEON-IN-CHIEF, AND FORMER SURGEON-IN-CHIEF RECEIVED $500 FROM MIAC, A RELATED ORGANIZATION, TO ATTEND MIAC'S BOARD OF DIRECTORS MEETING.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HSS ASC OF MANHATTAN LLC

    RELATED · HEALTH CARE · NY · 51.06% owned · share of income $6,092,190 · share of assets $20,118,945 · general or managing partner

    Directly controlled by HSS

  • HSS WEST SIDE ASC LLC

    RELATED · HEALTH CARE · NY · 53.5% owned · share of income $6,146,236 · share of assets $18,942,997 · general or managing partner

    Directly controlled by HSS

  • HSS-FL PHYSICIANS LLC

    RELATED · HEALTH CARE · FL · 0% owned · share of income -$839,977 · share of assets $0 · general or managing partner

    Directly controlled by HSS

  • HSS Long Island ASC LLC

    RELATED · HEALTH CARE · NY · 87% owned · share of income $2,656 · share of assets $11,403,690 · general or managing partner

    Directly controlled by HSS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533199349300203

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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