CATHOLIC MUSIC INITIATIVE INC (EIN 843154126) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

DAVID MOORE

Phone

9726657171

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC MUSIC INITIATIVE INC, founded in 2019, is a small nonprofit in the Religion sector that reported $315K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $294K left a modest 7% surplus.

Mission

OUR MISSION IS TO INFUSE SIMPLICITY, PRAYERFULNESS, AND A DEEP GOD-ORIENTATION INTO EVERY NOTE, FOSTERING A PROFOUND SENSE OF REVERENCE AND COMMUNAL PARTICIPATION IN THE MASS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,028

Program Service Revenue $93,562

Investment Income $1

Other Revenue $0

TOTAL REVENUE $314,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,118

Fundraising Expenses $14,390

Program Expenses $196,221

Other Expenses $199,336

TOTAL EXPENSES $293,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,591	$246,980	+0.3%
Expenses	$293,844	$262,278	+0.1%
Net Income	$20,747	$-15,298	-2.4%

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

200

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

$58,300

Total Directors

$80,118

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MOORE	EXECUTIVE DIRECTOR	30.0	Officer Director	$46,300	$0	$46,300
NATHAN SULLIVAN	BOARD MEMBER	30.0	Director	$21,818	$0	$21,818
LAUREN MOORE	DIRECTOR OF FINANCE	30.0	Officer Director	$12,000	$0	$12,000
JEFF SCHIEFELBEIN	CHAIR	2.0	Officer Director	$0	$0	$0
CHRIS GARCIA	BOARD MEMBER	2.0	Director	$0	$0	$0
JASON DEUTERMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
ELIZABETH MARCOLINI	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT DUNIKOSKI	BOARD MEMBER	1.0	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$314,591	$293,844	$51,629	$20,747
2022	$246,980	$262,278	$26,252	$-15,298
2021	$309,938	$276,872	$41,550	$33,066

CATHOLIC MUSIC INITIATIVE INC