THISTLE FARMS INC (EIN 582050089) - 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

1997

Legal Domicile

Principal Officer

TASHA KENNARD

Phone

6152981140

Tax Period

2024-07-01 to 2025-06-30

THISTLE FARMS INC, founded in 1997, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $13.3M left a modest 10% surplus.

Mission

HELPING WOMEN SURVIVORS RECOVER AND HEAL FROM PROSTITUTION, TRAFFICKING, AND ADDICTION. WE DO THIS BY PROVIDING A SAFE PLACE TO LIVE, A MEANINGFUL JOB, AND A LIFELONG SISTERHOOD OF SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,954,959

Program Service Revenue $4,846,804

Investment Income $770,393

Other Revenue $144,059

TOTAL REVENUE $14,716,215

Expense Breakdown

Grants Paid $43,322

Salaries & Benefits $5,952,153

Fundraising Expenses $639,488

Program Expenses $10,649,315

Other Expenses $7,282,451

TOTAL EXPENSES $13,292,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,716,215	$11,437,297	+0.3%
Expenses	$13,292,926	$13,795,613	0.0%
Net Income	$1,423,289	$-2,358,316	-1.6%

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

168

Volunteers

2500

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

$299,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
INGRID COCKHREN	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE K SCHIFERLE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN WHALEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAEVE MCCONVILLE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAINA STOREY	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA PYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIE SIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MESHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MACDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL GOLDZWEIG	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLANA HARWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI HAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HUTCHESON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE ORTMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WEISENSEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT RYDER	CFO	40.00	Officer	$135,585	$667	$136,252
TASHA KENNARD	CEO	40.00	Officer	$162,455	$667	$163,122
SHELIA MCCLAIN	SENIOR DIREC	40.00	Highest	$111,882	$11,447	$123,329
REBECCA STEVENS	FOUNDER/PRES	40.00	Highest	$134,337	$654	$134,991
COURTNEY SOBIERALSKI	CULTURE DIRE	40.00	Highest	$102,060	$4,699	$106,759

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	$14,716,215	$13,292,926	$13,141,346	$1,423,289
2024	No data	No data	No data	No data
2023	$13,406,632	$12,736,299	$14,869,715	$670,333
2022	$13,625,067	$11,223,206	$11,563,179	$2,401,861
2021	$6,871,998	$5,859,495	$9,542,265	$1,012,503
2020	$6,775,101	$5,315,152	$8,376,745	$1,459,949
2019	$4,717,562	$4,909,196	$6,029,007	$-191,634
2018	$3,993,042	$4,147,250	$6,200,271	$-154,208

THISTLE FARMS INC