The club laid bare the dire financial situation yesterday in the wake of missing out on promotion, announcing they'll post a loss of around &pound;280,000 for the season.
Kris Doolan's side missed out on a top-flight spot at Ross County on Sunday.
Seven Thistle board members, including chair Jacqui Low, resigned last December amid fan unrest over the PTFC Trust being named majority shareholder.
The club said: "This loss was to a large extent caused by an anticipated investment into the club not materialising, at the same time as the previous board committed to an increased playing budget for the men's team with the objective of achieving promotion.
"There were also some errors with the original budget, which meant costs would always be higher than planned in some areas."
In a follow-up, the Jags Foundation supporters group said: "If it had not been for a penalty shoot-out victory (against Dunfermline) and a fortunate Scottish Cup draw, the February wages would not have been able to be paid. If it had not been for a supporter investing into the club in May, even after the close to &pound;300,000 unbudgeted revenue from the Rangers cup game, we'd not have been able to pay May salaries.

Gers clash had to pay for wages at Thistle

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