FLAT ROCK PARK and RECREATION FOUNDATION INC (EIN 611717036) - 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

2013

Legal Domicile

Phone

8286978100

Tax Period

2022-07-01 to 2023-06-30

FLAT ROCK PARK and RECREATION FOUNDATION INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $221K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 35% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED TO RAISE FUNDS TO ACQUIRE AMENITIES FOR THE PARK AT FLAT ROCK AND TO SUPPORT EDUCATIONAL AND RECREATIONAL ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $219,792

Program Service Revenue $0

Investment Income $1,088

Other Revenue $0

TOTAL REVENUE $220,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,560

Program Expenses $69,032

Other Expenses $140,318

TOTAL EXPENSES $143,198

Year-over-Year Comparison

	2022	2021	Change
Revenue	$220,880	$181,999	+0.2%
Expenses	$143,198	$69,032	+1.1%
Net Income	$77,682	$112,967	-0.3%

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

N/A

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	Reportable Comp	Other Comp	Total
MAUREAN ADAMS	PRESIDENT	10	$0	$0	$0
DON LUY	VICE-PRESIDENT	6	$0	$0	$0
CATHY VEAL	SECRETARY	4	$0	$0	$0
KATIE GLOCKLER	TREASURER	4	$0	$0	$0
SHARON NUMELEE	PRES.-ELECT	4	$0	$0	$0
STEPHANIE WINTERROWD	DIRECTOR	2	$0	$0	$0
DAVID LEIMAN	DIRECTOR	2	$0	$0	$0
BRUCE HOLLIDAY	DIRECTOR	2	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$220,880	$143,198	$597,254	$77,682
2022	$181,999	$69,032	$519,573	$112,967
2021	$185,692	$106,254	$406,606	$79,438
2019	$275,520	$268,010	$351,298	$7,510

FLAT ROCK PARK and RECREATION FOUNDATION INC