MCKINNEY, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
At the Catholic Music Initiative, we embrace the transformative power of beautiful liturgy, bringing timeless sacred music to the forefront of worship. 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.
PROVISION OF MUSICIANS, GEAR, AND TECHNICIANS FOR NIGHTS OF WORSHIP, CONFERENCES, AND LITURGICAL CELEBRATIONS. THIS INCLUDED SUPPORTING THE WEEKLY DIOCESE OF DALLAS BROADCAST MASS MADE AVAILABLE TO...
PROVISION OF MUSICIANS, GEAR, AND TECHNICIANS FOR NIGHTS OF WORSHIP, CONFERENCES, AND LITURGICAL CELEBRATIONS. THIS INCLUDED SUPPORTING THE WEEKLY DIOCESE OF DALLAS BROADCAST MASS MADE AVAILABLE TO THE 77 PARISHES AND 1.3 MILLION CATHOLICS IN THE DIOCESE DURING THE COVID-19 PANDEMIC; LIVE-STREAMING THE WEEKLY DIOCESAN ASL MASS AND ASSISTING WITH THE INSTALL OF A PERMANENT SYSTEM; AND CONSULTING WITH/SERVING ALONGSIDE OTHER PARISHES, DIOCESES, AND MINISTRIES AS REQUESTED. CREATION OF LITURGICAL MUSIC RESOURCES. THIS INCLUDED WORK COMPOSING, ARRANGING, TRANSCRIBING, RECORDING, AND TRANSLATING MASS SETTINGS, PSALMS, AND HYMNS TO BE MADE AVAILABLE TO CATHOLIC PARISHES AND MUSIC MINISTERS. FORMATION OF ARTISTS AND MUSICIANS, INCLUDING THE TRAINING AND TEACHING OF ARTISTS AND EXPOSURE TO COMPOSING, LIVE SOUND, AND RECORDING ENVIRONMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare CATHOLIC MUSIC INITIATIVE INC with other nonprofits in Texas and across the country.