FLAT ROCK CARE CENTER 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

1974

Legal Domicile

Principal Officer

KAREN KILGO

Phone

4194837330

Tax Period

2023-01-01 to 2023-12-31

FLAT ROCK CARE CENTER INC, founded in 1974, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023.

Mission

THE MISSION OF FLAT ROCK CARE CENTER IS TO PROVIDE OUTSTANDING SERVICES WHICH TRANSFORM LIVES OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, THEIR FAMILIES AND PERSONS WITH CRITICAL NEEDS THROUGH A DEDICATION TO CARING AND EXCELLENCE THAT DEMONSTRATES CHRISTIAN VALUES.

Program Service Accomplishments

Program 1

Expenses: $4,837,845

RESIDENTIAL FACILITIES AND REHABILITATION SERVICES FOR INTELLECTUALLY AND DEVELOPMENTALLY DISABLE CHILDREN AND ADULTS.

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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 $5,280,944

Program Service Revenue $0

Investment Income $3,727

Other Revenue $15,885

TOTAL REVENUE $5,300,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,415,199

Fundraising Expenses $0

Program Expenses $4,837,845

Other Expenses $1,966,003

TOTAL EXPENSES $5,381,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,300,556	$5,308,654	0.0%
Expenses	$5,381,202	$4,789,113	+0.1%
Net Income	$-80,646	$519,541	-1.2%

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

Volunteers

120

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

$37,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KILGO	PRESIDENT/CE	10.00	Officer	$37,515	$0	$37,515
HARRY ASKIN	CHAIR/BOARD	1.00	Director	$0	$0	$0
DR SHEENA CAMERON	EX - OFFICIO	1.00	Director	$0	$0	$0
BRIAN LANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV PAMELA SAYRE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SHELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WALTERMIRE	SECRETARY	1.00	Officer	$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	$5,300,556	$5,381,202	$752,388	$-80,646
2022	$5,308,654	$4,789,113	$873,838	$519,541
2021	$4,775,619	$4,209,237	$929,577	$566,382
2020	$5,486,425	$4,397,703	$2,195,061	$1,088,722
2019	$4,774,638	$4,409,357	$571,408	$365,281
2018	$4,324,405	$4,301,142	$477,855	$23,263