Civic Intelligence

Thistle Farms Inc

EIN 58-2050089 • 501(c)3 • Nashville, TN

Profile

Thistle farms gives women survivors of trafficking, prostitution, and addiction a second chance at life. We do this by providing a safe and supportive place to live, a meaningful job, and a lifelong sisterhood of support.

5122 Charlotte AveNashville, TN 37209

www.thistlefarms.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.24x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.26x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

11th percentile

-21%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$166,497

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

6th percentile

-19%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,093,760

Down $2,775,955 (-19%) from 2023

Liabilities

Down

$2,957,184

Down $417,639 (-12%) from 2023

Net Assets

Down

$9,136,576

Down $2,358,315 (-21%) from 2023

Revenue

Down

$11,437,297

Down $1,969,335 (-15%) from 2023

Expenses

Up

$13,795,613

Up $1,059,314 (+8.3%) from 2023

Net Income

Down

-$2,358,316

Down $3,028,649 (-452%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $2,636,269Liabilities 2011: $112,831Net Assets 2011: $2,523,4382011Assets 2012: $2,704,331Liabilities 2012: $126,586Net Assets 2012: $2,577,7452012Assets 2013: $2,964,577Liabilities 2013: $203,277Net Assets 2013: $2,761,3002013Assets 2014: $3,071,852Liabilities 2014: $191,832Net Assets 2014: $2,880,0202014Assets 2015: $3,935,921Liabilities 2015: $725,839Net Assets 2015: $3,210,0822015Assets 2016: $5,180,906Liabilities 2016: $656,150Net Assets 2016: $4,524,7562016Assets 2017: $6,501,064Liabilities 2017: $397,527Net Assets 2017: $6,103,5372017Assets 2018: $6,200,271Liabilities 2018: $249,205Net Assets 2018: $5,951,0662018Assets 2019: $6,029,007Liabilities 2019: $264,396Net Assets 2019: $5,764,6112019Assets 2020: $8,376,745Liabilities 2020: $1,149,025Net Assets 2020: $7,227,7202020Assets 2021: $9,542,265Liabilities 2021: $1,279,486Net Assets 2021: $8,262,7792021Assets 2022: $11,563,179Liabilities 2022: $898,539Net Assets 2022: $10,664,6402022Assets 2023: $14,869,715Liabilities 2023: $3,374,823Net Assets 2023: $11,494,8912023Assets 2024: $12,093,760Liabilities 2024: $2,957,184Net Assets 2024: $9,136,5762024

Highlighted filing

2024

Assets$12,093,760
Liabilities$2,957,184
Net Assets$9,136,576

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $994,311Expenses 2011: $1,215,815Net Income 2011: -$221,5042011Revenue 2012: $1,405,025Expenses 2012: $1,348,008Net Income 2012: $57,0172012Revenue 2013: $1,792,265Expenses 2013: $1,545,797Net Income 2013: $246,4682013Revenue 2014: $2,084,764Expenses 2014: $1,971,372Net Income 2014: $113,3922014Revenue 2015: $2,823,946Expenses 2015: $2,492,060Net Income 2015: $331,8862015Revenue 2016: $4,150,158Expenses 2016: $2,833,400Net Income 2016: $1,316,7582016Revenue 2017: $5,152,103Expenses 2017: $3,578,410Net Income 2017: $1,573,6932017Revenue 2018: $3,993,042Expenses 2018: $4,147,250Net Income 2018: -$154,2082018Revenue 2019: $4,717,562Expenses 2019: $4,909,196Net Income 2019: -$191,6342019Revenue 2020: $6,775,101Expenses 2020: $5,315,152Net Income 2020: $1,459,9492020Revenue 2021: $6,871,998Expenses 2021: $5,859,495Net Income 2021: $1,012,5032021Revenue 2022: $13,625,067Expenses 2022: $11,223,206Net Income 2022: $2,401,8612022Revenue 2023: $13,406,632Expenses 2023: $12,736,299Net Income 2023: $670,3332023Revenue 2024: $11,437,297Expenses 2024: $13,795,613Net Income 2024: -$2,358,3162024

Highlighted filing

2024

Revenue$11,437,297
Expenses$13,795,613
Net Income-$2,358,316

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$2.96$9.14$11.4$13.8$2.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$3.37$11.5$13.4$12.7$0.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.90$10.7$13.6$11.2$2.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.54$1.28$8.26$6.87$5.86$1.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.38$1.15$7.23$6.78$5.32$1.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$0.26$5.76$4.72$4.91$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.20$0.25$5.95$3.99$4.15$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.50$0.40$6.10$5.15$3.58$1.57
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$0.66$4.52$4.15$2.83$1.32
2015Summary only. Only limited summary data is available for this year.$3.94$0.73$3.21$2.82$2.49$0.33
2014Summary only. Only limited summary data is available for this year.$3.07$0.19$2.88$2.08$1.97$0.11
2013Summary only. Only limited summary data is available for this year.$2.96$0.20$2.76$1.79$1.55$0.25
2012Summary only. Only limited summary data is available for this year.$2.70$0.13$2.58$1.41$1.35$0.06
2011Summary only. Only limited summary data is available for this year.$2.64$0.11$2.52$0.99$1.22$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$11,515,436
Mission and Program Overview

Mission

Helping women survivors recover & heal from prostitution, trafficking, & addiction. We do this by providing a safe and supportive place to live, a meaningful job, and a lifelong sisterhood of support.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,513,581$6,131,615▼ $381,966
Savings and Temporary Cash Investments$3,899,972$1,430,384▼ $2,469,588
Inventories for Sale or Use$1,169,948$1,363,296▲ $193,348
Accounts Receivable$114,215$162,200▲ $47,985
Prepaid Expenses and Deferred Charges$277,872$146,594▼ $131,278
Cash and Non-Interest-Bearing Accounts$391,843$133,703▼ $258,140
Pledges and Grants Receivable$7,500$101,500▲ $94,000
Other Notes and Loans Receivable, Net$20,000$20,000→ $0
Intangible Assets$17,353--
Total Assets$14,869,715$12,093,760▼ $2,775,955
Other Assets Total$2,457,431$2,604,468▲ $147,037
Liabilities
Other Liabilities$2,327,091$2,029,768▼ $297,323
Accounts Payable and Accrued Expenses$873,256$772,524▼ $100,732
Deferred Revenue$174,476$154,892▼ $19,584
Total Liabilities$3,374,823$2,957,184▼ $417,639
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,778,521$8,344,665▼ $1,433,856
Net Assets With Donor Restrictions$1,716,371$791,911▼ $924,460
Total Net Assets Fund Balance$11,494,892$9,136,576▼ $2,358,316
Total Liabilities and Net Assets / Fund Balance$14,869,715$12,093,760▼ $2,775,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,513,277$3,180,719$6,693,996
Leasehold Improvements$802,509$758,069$1,560,578
Equipment$489,482$705,015$1,194,497
Other Land Buildings$427,059$646,918$1,073,977
Land$899,288-$899,288
Other Assets Org$8,929--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$162,238-▲ $9,582-$161,881
2022$159,895-▲ $2,343-$162,238
2021$178,840-▼ $13,194-$159,895
2020$154,644$6,740▲ $22,556-$178,840
2019$155,909$575▲ $3,160-$154,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tasha KennardCEOFT$165,901$596$166,497
Rebecca StevensFounder/presFT$137,734$490$138,224
Scott RyderCFOFT$128,709$8,241$136,950
Shelia SimpkinsSenior DirecFT$112,051$5,452$117,503
Tara HamiltonDevelopmentFT$103,541$10,238$113,779

Board Members and Trustees

NameTitle
John C WeisenseelBoard Chair
Jennifer HutchesonVice Chair
Annie OrtmeierBoard Member
Ashley NorthingtonBoard Member
Carlana HarwellBoard Member
Chris LewisBoard Member
Daina StoreyBoard Member
David HutchensBoard Member
David ThompsonBoard Member
Heather MeshellBoard Member
Heidi HayneBoard Member
Ingrid CockhrenBoard Member
Jeffery BrownBoard Member
Jennifer HutchesonBoard Member
Jenny FordBoard Member
Karen ThomasBoard Member
Kathi WhalenBoard Member
Kathleen FlahertyBoard Member
Kathleen WhalenBoard Member
Kathryn WalkerBoard Member
Maeve McconvilleBoard Member
Mekesha MontgomeryBoard Member
Meni BellBoard Member
Peter MacdonaldBoard Member
Rachel GoldzweigBoard Member
Samantha PyleBoard Member
Willie SimsBoard Member
Brooke K SchiferleSecretary
Erin BalerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,909,947
Program Service Revenue
$5,194,739
Investment Income
$94,263
Other Revenue
$238,348
All Other Contributions
$5,166,543
Change in Net Assets
$-2,358,316

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,437,297
Revenue Not Reported on Form 990
$78,139
Total Revenue per Audited Statements
$11,515,436
Total Revenue per Form 990
$11,437,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,677,066
Salaries, Compensation, and Employee Benefits$6,010,927
Total Fundraising Expense$686,302
Grants and Similar Amounts Paid$107,620
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,137,470$917,428$350,685$4,405,583
Depreciation Depletion$433,387$202,042$30,168$665,597
Other Employee Benefits$455,078$133,069$50,866$639,013
Occupancy$487,636$144,267$228$632,131
Advertising$547,223$8,326$34,221$589,770
Current Officers, Directors, Trustees, and Key Employees$307,897$90,033$34,415$432,345
Payroll Taxes$276,208$80,766$30,873$387,847
Information Technology$214,646$117,240$35,856$367,742
Fees for Services Other$97,312$61,254$26,225$184,791
Office Expenses$71,135$26,057$52,905$150,097
Pension Plan Contributions$104,074$30,432$11,633$146,139
Travel$117,999$18,374$6,280$142,653
Insurance$88,835$22,720$5,732$117,287
Other Expenses$79,950$14,638$120$94,588
All Other Expenses$48,118$39,429$2,506$90,053
Foreign Grants$85,820--$85,820
Grants to Domestic Orgs$21,800--$21,800
Fees for Services Accounting-$20,000-$20,000
Interest$1,771-$13,432$15,203
Total Functional Expenses$11,120,687$1,988,624$686,302$13,795,613

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,873,752
Expenses per Audited Statements$13,795,613
Total Expenses per Form 990$13,795,613
Expenses Not Reported on Form 990$78,139
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HON'S HONEYBaltimore, MD-General Support$6,800

International Summary

Spending
$85,820

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AfricaGrantmaking---$43,000
Southern AfricaGrantmaking---$22,320
Central AmericaGrantmaking---$10,500
AsiaGrantmaking---$5,000
EuropeGrantmaking---$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$78,139
Fundraising Gross Income$41,940
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$173,985$41,940$1,317$40,623
Total Events$173,985$41,940$78,139$-36,199
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$2,029,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft form is reviewed by the ceo, cfo, director of development, controller, and treasurer before it is finalized. It is also shared with the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

Directors are to acknowledge any conflict of interest that has arisen annually. Should a conflict as defined by the policy arise, the member with the conflict cannot participate in any decision related to this conflict.

Form 990, Page 6, Part VI, Line 15A

The executive committee conducts a comparability review to determine ceo compensation. This was determined by assessing ceo compensation at other regional nonprofit organizations of similar budget size and scope.

Form 990, Page 6, Part VI, Line 19

Documents, policies, and financial statements are made available upon request and on givingmatters.com.

Filing and Contact Details

Filer

Filer Name
Thistle Farms Inc
EIN
58-2050089
Phone
6152981140
Address
5122 CHARLOTTE AVE, NASHVILLE, TN 37209

Signing Officer

Name
Tasha Kennard
Title
CEO
Phone
6152981140
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tasha Kennard
Formed
1997
Legal Domicile
Tn
Voting Board Members
30
Independent Board Members
30
Employees
177
Volunteers
1,230

Preparer

Firm
Blankenship CPA Group Pllc
Address
101 WINNERS CIRCLE, BRENTWOOD, TN 37027
Preparer
Scott a Felts CPA
Phone
6153733771
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Residential services - our 2-year residential program is based in nashville, tennessee. We are able to house up to 28 residents at a time in a therapeutic setting that offers women survivors a peaceful place where they can experience transformative, sustainable recovery through two years of rent-free housing, healthcare, counseling, employment, and community building. When entering the program, our residents help create their own personalized plan for their healthcare and therapeutic needs. For the first 4-6 months, residents focus on recovery, attending group meetings, medical appointments, individual therapy, and other educational courses. While in the program, women are also eligible for our savings program that provides a 1 for 1 match of resident's savings per year. After two years in the residential program, women become candidates for graduation, a celebratory event that takes place each spring. And after graduation, many women continue working in thistle farms' social enterprises and often move into full-time and supervisory positions. Others take the skills they have acquired and find work in the community. We also offer a program within the tennessee prison for women called thistle on the inside, which allows women to begin their healing journey within prison walls. Women in this program receive education and group therapy that, upon release, eases their transition into one of our magdalene homes.

Form 990, Page 2, Part III, Line 4B

Social enterprises - residents and graduates of our residential program are employed in one of our social enterprises. Here the women can learn new job skills and make a living wage to support themselves. Body & home, thistle farms' largest nonprofit social enterprise, creates natural bath and body products that are as healing for our customers as they are for the women who create them. What started with just a few volunteers in a church kitchen has grown into a national brand that produces more than 20 different product lines. Everything we produce is hand poured in small batches by women survivors, using pure essential oils to promote wellness and healing. Our products are free of synthetic fragrances, parabens, or petroleum based ingredients. The cafe at thistle farms is a restaurant and special event space located at the heart of the thistle farms campus. With a produce-driven, full- service menu, the cafe serves locally-sourced breakfast, lunch, and nashville's only daily tea service. In addition, the cafe at thistle farms offers an array of options and services for special events. Thistle farms global creates economic freedom for women survivors worldwide by helping to launch new social enterprises, incorporating existing enterprises into our supply chain, and connecting women producers directly with our customers. With the support and sales generated through thistle farms global, partner enterprises can hire more women, increase wages, and reinvest in their communities.

Form 990, Part XI, Line 9

Special event expenses 78,139 special event expenses -78,139

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds consist of contributions whose principal is to be held in perpetuity in accordance with terms prescribed by the donors.

Schedule D, Page 3, Part X

The organization is a not-for-profit organization that is exempt from federal income tax under internal revenue code (irc) section 501(c)(3) whereby only unrelated business income, as defined in section 512(a)(1) of the irc is subject to federal income tax. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization's tax positions, management believes all tax positions taken would be upheld under an examination; therefore, no provision for the effects of uncertain positions has been recorded for the years ended june 30, 2024 and 2023.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 78,139

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 78,139

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HELPING 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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IRS990/Desc0RESIDENTIAL SERVICES - OUR 2-YEAR RESIDENTIAL PROGRAM IS BASED IN NASHVILLE, TENNESSEE. WE ARE ABLE TO HOUSE UP TO 28 RESIDENTS AT A TIME IN A THERAPEUTIC SETTING THAT OFFERS WOMEN SURVIVORS A PEACEFUL PLACE WHERE THEY CAN EXPERIENCE TRANSFORMATIVE, SUSTAINABLE RECOVERY THROUGH TWO YEARS OF RENT-FREE HOUSING, HEALTHCARE, COUNSELING, EMPLOYMENT, AND COMMUNITY BUILDING. WHEN ENTERING THE PROGRAM, OUR RESIDENTS HELP CREATE THEIR OWN PERSONALIZED PLAN FOR THEIR HEALTHCARE AND THERAPEUTIC NEEDS. FOR THE FIRST 4-6 MONTHS, RESIDENTS FOCUS ON RECOVERY, ATTENDING GROUP MEETINGS, MEDICAL APPOINTMENTS, INDIVIDUAL THERAPY, AND OTHER EDUCATIONAL COURSES. WHILE IN THE PROGRAM, WOMEN ARE ALSO ELIGIBLE FOR OUR SAVINGS PROGRAM THAT PROVIDES A 1 FOR 1 MATCH OF RESIDENT'S SAVINGS PER YEAR. AFTER TWO YEARS IN THE RESIDENTIAL PROGRAM, WOMEN BECOME CANDIDATES FOR GRADUATION, A CELEBRATORY EVENT THAT TAKES PLACE EACH SPRING. AND AFTER GRADUATION, MANY WOMEN CONTINUE WORKING IN THISTLE FARMS' SOCIAL ENTERPRISES AND OFTEN MOVE INTO FULL-TIME AND SUPERVISORY POSITIONS. OTHERS TAKE THE SKILLS THEY HAVE ACQUIRED AND FIND WORK IN THE COMMUNITY. WE ALSO OFFER A PROGRAM WITHIN THE TENNESSEE PRISON FOR WOMEN CALLED THISTLE ON THE INSIDE, WHICH ALLOWS WOMEN TO BEGIN THEIR HEALING JOURNEY WITHIN PRISON WALLS. WOMEN IN THIS PROGRAM RECEIVE EDUCATION AND GROUP THERAPY THAT, UPON RELEASE, EASES THEIR TRANSITION INTO ONE OF OUR MAGDALENE HOMES.
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