Our Team

Terrapin SF is a social purpose business founded in Fall 2014. We are a unique community of practitioners with experience across the social economy. We have expertise in social enterprise, for-profit and not-for-profit business, finance, philanthropy and population health.


Stephen Woeller, MBA – Co-founder

Stephen spent 20 + years helping to raise millions of dollars in philanthropic donations and forge productive partnerships between individual donors, corporations, foundations and civil society. Stephen is an experienced project manager having spent most of his career designing and implementing large-scale fund development projects across a range of sectors. He holds a BA in International Development Studies and MBA in Agribusiness from the University of Guelph. In 2005 Woeller broadened his focus to include program monitoring and evaluation and, together with Trace MacKay, founded Appropriate Development Ltd. and then in 2013, Terrapin Social Finance Limited where he focuses on capital raising and social enterprise development.


Dr. Trace MacKay, DVM, MPH – Co-founder

Trace has the rare distinction of being both a clinical veterinarian and an evaluation practitioner. She holds BSc, DVM and MPH degrees from the University of Guelph and Ontario Veterinary College. Trace is a member of the Canadian Evaluation Society, Canadian Veterinary Medical Association, and Canadian Public Health Association. Her approach to research and evaluation is comparative by nature, thanks to her veterinary and public health training, concerned with multiple species and complex systems.  Trace is an expert at designing and implementing qualitative & mixed method evaluations, experienced in program development and carrying out community interviews and focus groups. Trace applies a public health lens to her work with a focus on social and structural determinants of health.


Beth Coates CPA, CA, Senior Advisor, Finance

Beth has twenty-five years’ experience as the Financial Manager of CAIC (Canadian Alternative Investment Cooperative), a charity financed investment fund that has been providing financing to the cooperative, non-profit and charitable sectors across Canada for over 30 years. The work of the cooperative is winding up and being transferred to a newly established charity, CAIF (Canadian Alternative Investment Foundation). Beth is a Chartered Professional Accountant who also has extensive experience as a financial analyst, corporate risk manager and controller. She has contributed to SocialFinance.ca and written policy papers for the Ontario Nonprofit Network and the Canadian CED network.


J.J. McMurtry, PhD – Senior Advisor, Social Economy

J.J. McMurtry is Associate Dean Programs, Faculty of Liberal Arts and Professional Studies at York University.  He specializes in social enterprises and entrepreneurship; co-operative history, theory and practice; Community Economic Development; alternative energy; alternative economic theory; social and political theory; and  Social Economy.  J.J. has lectured in North and South America, India and Europe and is active in research, consultation, and facilitation with community, co-operative, and non-profit groups.  He’s recently contributed book chapters and articles on topics such as:  procurement and public policy; Fair Trade; local food organizations; alternative energy and the Social Economy; social accounting; credit unions; and micro-social entrepreneurship.


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