Magic Canoe

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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

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.

Program Service Accomplishments

Program 1

Expenses: $286,330 Revenue: $0

Magic Canoe uses digital storytelling to share ideas and ways of seeing thinking acting and reconnecting with the places we call home and each other. This is done by uplifting the stories and voices of determined individuals doing remarkable work around systems change and climate solutions throughout the bioregion from central California to the North Slope of Alaska. Narrative sectors include Environment Salmon Indigenous Leadership and New Economies and stories that promote replicable and scalable solutions to the polycrisis.

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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 $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

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

$120,000

Total Directors

Key Employees

Highest Compensated

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