Katahdin Tourism Partnership

Nonprofit profile at a glance

EIN
814733201
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Millinocket, ME, USA
Phone
2077318696
Rating confidence
Limited
Sector
Economic Development

Reported finances

Revenue
$50,000
Expenses
$52,697
Assets
$64,980

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Susan Adams (President)

People named in this filing

  • Randy Jackson (Treasurer)
  • Susan Adams (President)
  • Peter Ellis (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Katahdin Tourism Partnership is a non-profit corporation and shall be operated exclusively for educational and charitable purposes within the meaning of section 501 c3 of the Internal Revenue Code of 1986, or the corresponding section of any future Federal tax code. The specific purposes to be promoted or carried out by the Corporation are as follows: Stimulate the economy of the greater Katahdin region by strengthening the tourism industry. To create and support opportunities to strengthen the local economy and community of the Greater Katahdin region.

What it reported doing in 2024

1.Developed and managed a tourism website and multiple social media accounts to market the Katahdin region to visitors, with ongoing content development and publishing 2.Developed a digital tourism directory for launch in 2024 3.Hosted, sponsored, and/or supported multiple community events around student engagement, Byway clean-up, and tourism & community development 4.Developed the 2030 Vision for Katahdin Region Destination Development, a 30+M$ vision for destination development across the region 5.Gathered public comment for continued development of the Millinocket Heritage Plaza 6.Created a second website for local community development 7.Created KTPs 1st organizational newsletter that sent in January of 2024 8.Applied for many grants and was awarded by the Sewall Foundation, Maine Community Foundation, and Maine Office of Tourism 9.Convened or attended 100+ meetings regarding community development concerns

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.4%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -18.2% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -17.8% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.