THISTLE & NEST

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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

AMY WARREN

Phone

5413308758

Tax Period

2024-01-01 to 2024-12-31

THISTLE & NEST, founded in 2023, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.5M in total revenue in fiscal year 2024. Revenue surged 29757% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 34% operating margin.

Mission

THISTLE & NEST'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE LOCAL WORKFORCE WHICH FOSTERS A STABLE HOUSING ENVIRONMENT AND CREATES THE ABILITY TO BUILD EQUITY THROUGH HOMEOWNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $6,818,901 Revenue: $10,415,250

DEVELOPMENT OF AFFORDABLE HOUSING IN CENTRAL OREGON. THE ORGANIZATION USES THE LAND TRUST MODEL. ANNUALLY THERE IS LAND LEASE REVENUE AND RELATED EXPENSES TO MAINTAIN THE LAND. IN THE SECOND YEAR OF...

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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 $37,661

Program Service Revenue $10,415,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,452,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,818,901

Other Expenses $6,848,738

TOTAL EXPENSES $6,848,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,452,911	$35,010	+297.6%
Expenses	$6,848,738	$48,973	+138.8%
Net Income	$3,604,173	$-13,963	-259.1%

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	Role	Reportable Comp	Other Comp	Total
LARRY KINE	TREASURER	10.00	Officer Director	$0	$0	$0
ZOE PLUMMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHELBY STEELE	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY WARREN	PRESIDENT	20.00	Officer Director	$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	$10,452,911	$6,848,738	$37,049,760	$3,604,173
2023	$35,010	$48,973	$12,250,081	$-13,963