THOUSAND ISLANDS REGIONAL TOURISM

EIN: 161516181 501(c)(3) Community Improvement

ALEXANDRIA BAY, NY

Total Revenue
$937,880
Total Expenses
$983,828
Total Assets
$551,269
Net Assets
$474,767
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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
1996
Legal Domicile
NY
Principal Officer
COREY FRAM
Phone
3154822520
Tax Period
2024-01-01 to 2024-12-31

THOUSAND ISLANDS REGIONAL TOURISM, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $938K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE COUNCIL WAS FORMED FOR THE DEVELOPMENT, PROMOTION, ENHANCEMENT AND RETENTION OF THE TOURISM INDUSTRY, AND ITS ASSOCIATED EMPLOYMENT BASE WITHIN THE CORPORATION'S REGION, FOR THE ECONOMIC BENEFIT OF THE REGION, AS AN AGENCY, TO CORRELATE THE EFFORTS OF VARIOUS GOVERNMENTAL BODIES OR AGENCIES, AND AFFECTED PRIVATE BUSINESS INTERESTS, AND TO MAXIMIZE THE EFFECT OF THEIR COMBINED EFFORTS AND RESPECTIVE CONTRIBUTIONS TO THE DEVELOPMENT, RETENTION AND PROMOTION OF THE RECREATION AND TOURISM INDUSTRY THROUGH OUT THE REGION, THEREBY LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTERESTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $693,154
Program Service Revenue $225,582
Investment Income $18,989
Other Revenue $155
TOTAL REVENUE $937,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,111
Fundraising Expenses $0
Program Expenses $955,355
Other Expenses $947,717
TOTAL EXPENSES $983,828

Year-over-Year Comparison

2024 2023 Change
Revenue $937,880 $814,738 +0.2%
Expenses $983,828 $813,945 +0.2%
Net Income $-45,948 $793 -58.9%
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

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Governance

Voting Members
9
Independent Members
9
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
4
$96,635
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES CORBIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JODY PETTIT VICE-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARK PRASUHN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT HAGEMANN DIRECTOR 1.00
Director
$0 $0 $0
PEYTON TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY STURICK DIRECTOR 1.00
Director
$0 $0 $0
PETER JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
RON THOMSON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MICHELLE CARON DIRECTOR 1.00
Director
$0 $0 $0
COREY FRAM DIRECTOR OF TOURISM 40.00
Officer
$0 $5,596 $96,635
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 $937,880 $983,828 $551,269 $-45,948
2023 $814,738 $813,945 $670,902 $793
2022 $795,307 $680,519 $587,739 $114,788
2021 $593,837 $827,329 $408,490 $-233,492
2020 $699,315 $731,543 $665,393 $-32,228
2019 $987,438 $950,878 $725,442 $36,560
2018 $956,708 $955,321 $713,716 $1,387
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