FLAT ROCK COMMUNITY SERVICES (EIN 223872225) - 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

1974

Legal Domicile

Principal Officer

KAREN L KILGO

Phone

4194837330

Tax Period

2023-01-01 to 2023-12-31

FLAT ROCK COMMUNITY SERVICES, founded in 1974, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

PROVIDE INDEPENDENT LIVING FACILITIES AND THERAPEUTIC SERVICES TO INTELLECTUALLY AND DEVELOPMENTALLY DISABLED CHILDREN AND YOUNG ADULTS. THE GOAL IS TO ENABLE THESE INDIVIDUALS TO ACHIEVE THEIR MAXIMUM POTENTIAL THAT THEIR ABILITIES WILL PERMIT.

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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 $0

Program Service Revenue $2,776,857

Investment Income $0

Other Revenue $228,776

TOTAL REVENUE $3,005,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,475,198

Fundraising Expenses $0

Program Expenses $3,752,298

Other Expenses $579,640

TOTAL EXPENSES $4,054,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,005,633	$2,627,780	+0.1%
Expenses	$4,054,838	$3,482,917	+0.2%
Net Income	$-1,049,205	$-855,137	+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

129

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

$75,031

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN L KILGO	PRESIDENT/CE	20.00	Officer	$75,031	$0	$75,031
REV DAN BRYANT	CHAIR/BOARD	1.00	Officer Director	$0	$0	$0
REV MARILYN CONEY	EX-OFFICIO M	1.00	Director	$0	$0	$0
JEANNINE CURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ZACHARY HOLLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE REINSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON SMITH	BOARD MEMBER	1.00	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	$3,005,633	$4,054,838	$138,222	$-1,049,205
2022	$2,627,780	$3,482,917	$428,168	$-855,137
2021	$2,346,315	$3,066,765	$797,823	$-720,450
2020	$2,200,350	$2,516,568	$898,262	$-316,218
2019	$2,060,641	$2,533,548	$371,746	$-472,907
2018	$2,213,851	$2,668,729	$523,448	$-454,878

FLAT ROCK COMMUNITY SERVICES