!

1

■

)

T

4 - SUPPLEMENT TO THE JEWISH NEWS

Financial
Performance

The Balance Sheet as of June 30 1978

Assets
Current Assets
Property and Equipment - Net
Board Restricted Funds
Donor Restricted Funds
Other Assets
Total Assets

$10,494,231
28,900,022
7,342,713
2,669,764
743,805
$50,150,535

Blue Cross
and
Blue Shield
44.1%

Salaries
52.1%

Employee
Benefits 9.0%

Medicare
34.0%

Supplies
and
other
Expenses
32.0%
Depreciation 3.8%
Interest 2.6%
Research .5%

Medicaid
8.6%

Private Pay
and Others
13.3%

Patient
Revenues

'4110

Sinai Hospital is a member agency of the Jewish Welfare
Federation, supported by contributions to the annual Allied
Jewish Campaign.

Twenty-Five Years
Of Development

When Sinai Hospital of Detroit opened
its doors on January 15, 1953, it was
situated on a 34-acre campus -and con-
sisted of a single building (seven
stories) and provided 210 beds. Since
that time, much has happened. Some
of the highlights of its physical de-
velopment are listed in the following:

1. Sinai Hospital of _Detroit original
building (now known as the North
Wing) - 1953.
2. Shapero School of Nursing - 1956. .
3. Slatkin Residence for Nurses -
1959.
4. Shiffman Wing - 1959.-
5. Samuel Frank Medical - Library -
1963.
6. Sinai Guild Staff Residence and
Stella and Rena Frank Residence
for Staff - 1966-1968.
7. Hamburger-Jospey Research
Building - 1966.
8. Anna and Abraham Srere Radio-
therapy Center - 1967.
9. Paul and Helen Zuckerman Au-
ditorium and Conference Center -
1968.
10. Max J. and Rose Zivian Center for
Continued Care - 1969.
11. Max M. and Marjorie S. Fisher
Pavilion - 1971.
12. Louis C. and Edith B. Blumberg
Profesional Building - 1972.
13. Parking Deck - 1973.

Liabilities and Fund Equities
Current Liabilities
$7,464,359
Long-Term Liabilities
21,567,622
Board Restricted Fund Equity
7,342,713
•
Donor Restricted Fund Equity
2,669,764
Unrestricted Fund Equity
11,106,077
Total Liabilities
$50,150,535

.

Operating
Expenses

The Shiffman Clinic of Sinai...Hospital is a member agency of
the United Community Services, supported by contributions
to the annual Torch Drive.