Magic Canoe

EIN: 852100120 501(c)(3) Environment

Portland, OR

Total Revenue
$376,820
Total Expenses
$364,617
Total Assets
$1,211,200
Net Assets
$1,145,181
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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
2020
Legal Domicile
DE
Principal Officer
Lisa Watt
Phone
2516809819
Tax Period
2025-01-01 to 2025-12-31

Magic Canoe, founded in 2020, is a small nonprofit in the Environment sector that reported $377K in total revenue in fiscal year 2025. Expenses of $365K left a modest 3% surplus.

Mission

Magic Canoe is a champion of a reimagined future that is driven by local-based bottom-up regenerative solutions for a more equitable and healthier bioregion that is Salmon Nation.

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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 (2025)

Revenue Breakdown

Contributions & Grants $410,997
Program Service Revenue $0
Investment Income $-34,177
Other Revenue $0
TOTAL REVENUE $376,820

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $120,000
Fundraising Expenses $0
Program Expenses $286,330
Other Expenses $234,617
TOTAL EXPENSES $364,617

Year-over-Year Comparison

2025 2024 Change
Revenue $376,820 $-332,981 -2.1%
Expenses $364,617 $262,178 +0.4%
Net Income $12,203 $-595,159 -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

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Governance

Voting Members
3
Independent Members
3
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
1
$120,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Behnke Board Secretary 2.00
Director
$0 $0 $0
Derik Frederiksen Board Treasurer 2.00
Director
$0 $0 $0
Teresa Windsor Board Chair 2.00
Director
$0 $0 $0
Lisa Watt Interim Executive Director 40.00
Officer
$120,000 $0 $120,000
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 $376,820 $364,617 $1,211,200 $12,203
2024 $-332,981 $262,178 $1,133,512 $-595,159
2023 $1,633,403 $165,102 $1,728,671 $1,468,301
2021 $607,533 $77,679 $568,838 $529,854
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