Thousand Islands Regional Tourism

Nonprofit profile at a glance

EIN
161516181
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Alexandria Bay, NY, USA
Phone
3154822520
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$989,775
Expenses
$990,336
Assets
$527,281
Liabilities
$53,075

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • COREY FRAM (DIRECTOR OF TOURISM): $103,672 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2025

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

Operating model

Revenue model
Grant-funded. 71% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.6%; rating input score 97
  • Program expense ratio: 96.5%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 16th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 96.6% of revenue deployed · 96.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $956K in reported program spending
  • Leadership: top reported pay $104K · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $292K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.