Steorts Properties

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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

2023

Legal Domicile

Principal Officer

Ken Steorts

Phone

9012105363

Tax Period

2025-01-01 to 2025-12-31

Mission

Provide retreat space and spiritual direction services to individuals and groups in the Memphis area and beyond.

Program Service Accomplishments

Program 1

Expenses: $24,202 Revenue: $67,733

The organization developed three buildings on the Avery property from neglected to clean and ready for construction. Phase 1 underway with construction of Building 1.

Program 2

Expenses: $0 Revenue: $0

City Retreat launched with a Launch Team in the Summer of 2024 with a goal of $500,000 to begin construction. We raised our first $100,000.

Program 3

Expenses: $0 Revenue: $0

City Retreat Memphis powered Buildings temporarily and removed large concrete areas in preparation for tiny homes and got approvals and drawings started for the retreat center.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,202

Other Expenses $59,931

TOTAL EXPENSES $59,931

Year-over-Year Comparison

	2025	2024	Change
Revenue	N/A	$90,000	-1.0%
Expenses	$59,931	$60,000	0.0%
Net Income	N/A	$30,000	N/A

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

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
Joy Steorts	Secretary	30	Director Key Emp	$0	$0	$0
Samantha Jones	Board Chair	4		$0	$0	$0
Ashley Smith	Board Member	2		$0	$0	$0
Ken Steorts	President	20		$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	$59,931	$600,109	No data
2024	$90,000	$60,000	$17,254	$30,000