HISTORIC FLAT ROCK INC

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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

1968

Legal Domicile

Principal Officer

Luke Hunter

Phone

8289744242

Tax Period

2025-01-01 to 2025-12-31

HISTORIC FLAT ROCK INC, founded in 1968, is a small nonprofit that reported $105K in total revenue in fiscal year 2025. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 49% operating margin.

Mission

Preservation of historic homes, views and lands in the Flat Rock Historic District on the National Register of Historic Places, operate a cultural center and museum and disseminate historic information by publishing historic materials and produce historic documentary films, further disseminate information through both membership and public meetings.

Program Service Accomplishments

Program 1

Expenses: $3,317 Revenue: $2

Preservation of homes, lands and archaeological activities

Program 2

Expenses: $248 Revenue: $21

Operate Cultural Center and dissemination of historic information and materials

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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 (2025)

Revenue Breakdown

Contributions & Grants $91,920

Program Service Revenue $23

Investment Income $6,152

Other Revenue $6,779

TOTAL REVENUE $104,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,565

Other Expenses $53,487

TOTAL EXPENSES $53,487

Year-over-Year Comparison

	2025	2024	Change
Revenue	$104,874	$67,758	+0.5%
Expenses	$53,487	$59,626	-0.1%
Net Income	$51,387	$8,132	+5.3%

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

N/A

Volunteers

125

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Bright	Director	1	Director	$0	$0	$0
Marty Cornwell	Director	1	Director	$0	$0	$0
Alice Fraser	Director	1	Director	$0	$0	$0
Beverly Stony Johnson	Director	1	Director	$0	$0	$0
Chris Liberatos	Director	1	Director	$0	$0	$0
Joe Oppermann	Director	1	Director	$0	$0	$0
Marianne Potter	Director	1	Director	$0	$0	$0
Galen Reuther	Director	2	Director	$0	$0	$0
Debbie Rouse	Director	2	Director	$0	$0	$0
Debby Staton	Director	1	Director	$0	$0	$0
Jack Sterling	Director	1	Director	$0	$0	$0
Bill Walker	Director	1	Director	$0	$0	$0
Nick Weedman	Director	1	Director	$0	$0	$0
Luke Hunter	President	5	Officer Director	$0	$0	$0
Andy Satterfield	1st Vice President	4	Officer Director	$0	$0	$0
Missy Schenck	2nd Vice President	2	Officer Director	$0	$0	$0
Bill Rushton	Treasurer	5	Officer Director	$0	$0	$0
Sallie White	Assistant Treasurer	2	Officer Director	$0	$0	$0
Cam Boyd	Chair Nominating	2	Officer Director	$0	$0	$0
Tiffany Carroll	Director	1	Director	$0	$0	$0
John Liberatos	Director	1	Director	$0	$0	$0
Amy Bonesteel Smith	Director	1	Director	$0	$0	$0
Susie Rindal	Secretary	1	Officer Director	$0	$0	$0
Michael Thompson	At Large	1	Officer 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
2025	$104,874	$53,487	$778,825	$51,387
2024	$67,758	$59,626	$727,437	$8,132
2023	$69,235	$88,405	$719,044	$-19,170
2022	$53,799	$98,211	$727,836	$-44,412
2021	$136,488	$57,704	$818,162	$78,784
2020	$86,049	$96,600	$742,479	$-10,551
2019	$72,509	$38,876	$753,031	$33,633