THOUSAND ISLANDS REGIONAL TOURISM

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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

Principal Officer

COREY FRAM

Phone

3154822520

Tax Period

2025-01-01 to 2025-12-31

THOUSAND ISLANDS REGIONAL TOURISM, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $990K in total revenue in fiscal year 2025.

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.

Program Service Accomplishments

Program 1

Expenses: $955,733 Revenue: $284,042

THE MISSION OF THE TIRTDC IS DEVELOPMENT, PROMOTION, ENHANCEMENT AND RETENTION OF THE TOURISM INDUSTRY AND ITS ASSOCIATED EMPLOYMENT BASE WITHIN THE TERRITORY ENCOMPASSING GENERALLY THE COUNTY OF...

THE MISSION OF THE TIRTDC IS DEVELOPMENT, PROMOTION, ENHANCEMENT AND RETENTION OF THE TOURISM INDUSTRY AND ITS ASSOCIATED EMPLOYMENT BASE WITHIN THE TERRITORY ENCOMPASSING GENERALLY THE COUNTY OF JEFFERSON IN THE STATE OF NEW YORK, AN AREA OF APPROXIMATELY THE SAME SIZE IN THE SOUTHERN PORTION OF EASTERN ONTARIO, CANADA, ABUTTING THE ST LAWRENCE RIVER AND APPROXIMATELY OPPOSITE JEFFERSON COUNTY, BUT EXTENDING SLIGHTLY FARTHER BOTH EASTERLY AND WESTERLY FOR THE OVERALL ECONOMIC BENEFIT OF THE REGION.KEY PROGRAM OBJECTIVES ARE:-CREATE UNIFIED MARKETING EFFORT FOR THE 1000 ISLANDS BI-NATIONAL REGION-MAINTAIN CORE VISITATION IN TRADITIONAL TOURISM SEASONS.-ATTRACT NEW VISITORS TO AREA.-LENGTHEN AVERAGE STAY, INCREASE AVERAGE SPENDING-PROMOTE CROSS-VISITATION OF COMMUNITIES AND ATTRACTIONS WITHIN THE REGION-DEVELOP TRAFFIC IN SLOWER AND "OFF" SEASONS-SUPPORT HEALTH AND GROWTH OF LOCAL TOURISM BUSINESSES-SUPPORT INTRODUCTION OF NEW TOURISM PRODUCTS-ENCOURAGE INVESTMENT IN TOURISM IN REGION

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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 (2025)

Revenue Breakdown

Contributions & Grants $700,871

Program Service Revenue $283,534

Investment Income $4,862

Other Revenue $508

TOTAL REVENUE $989,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,088

Fundraising Expenses $0

Program Expenses $955,733

Other Expenses $954,248

TOTAL EXPENSES $990,336

Year-over-Year Comparison

	2025	2024	Change
Revenue	$989,775	$937,880	+0.1%
Expenses	$990,336	$983,828	+0.0%
Net Income	$-561	$-45,948	-1.0%

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

$103,672

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CORBIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMANDA ROOT	DIRECTOR	1.00	Director	$0	$0	$0
MARK PRASUHN	VICE-CHAIRMAN	1.00	Officer 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	$5,966	$103,672

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	$989,775	$990,336	$527,281	$-561
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