Different from the crack on the rotating shaft, the crack on the bolt, which is a connecting part of the bolt-disk combined rotor, is a kind of local defect. The local crack on the bolt under high pretension is always in open state, and it increases the overall vibration of the combined rotor significantly in practice. This paper studies the modeling of the crack on the bolt and nonlinear dynamic behaviors of the cracked bolt-disk rotor system. The circumferential bolts with a transverse open crack are treated as several bar elements under the assumption that each bolt has the same original tensile extension length. The cracked correction coefficient is introduced to describe the decreasing amount of bolt's tension due to crack. After this coefficient is obtained according to finite element method, the stiffness matrix of circumferential bolts with crack is built based on total potential energy. The dynamic model consists of a time-independent stiffness matrix for perfect bolts, a time-variant reductive stiffness, and an additional moment. As a result, the crack in bolt reduces rotor's nonlinear stability and leads to greater vibration and fluctuation. In addition, crack depth has much larger influence than crack location on the dynamic behaviors.