Cor Mundi Center for Sacred Music

EIN: 931880992 501(c)(3) Arts, Culture & Humanities

PEARLAND, TX

Total Revenue
$83,397
Total Expenses
$48,467
Total Assets
$41,668
Net Assets
$41,668
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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
2024
Legal Domicile
TX
Principal Officer
Daniel Knaggs
Phone
5177457627
Tax Period
2024-01-01 to 2024-12-31

Cor Mundi Center for Sacred Music, founded in 2024, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $83K in total revenue in fiscal year 2024. Revenue surged 1109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 42% operating margin.

Mission

Cor Mundi supports sacred music performances in the heart of the world.

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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 (2024)

Revenue Breakdown

Contributions & Grants $77,486
Program Service Revenue $5,911
Investment Income $0
Other Revenue $0
TOTAL REVENUE $83,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $751
Program Expenses $38,363
Other Expenses $47,716
TOTAL EXPENSES $48,467

Year-over-Year Comparison

2024 2023 Change
Revenue $83,397 $6,900 +11.1%
Expenses $48,467 $162 +298.2%
Net Income $34,930 $6,738 +4.2%
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
2
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
1
$6,500
Key Employees
3
$6,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Knaggs President and Artistic Director 40.00
Director Key Emp Highest
$6,500 $0 $6,500
Cassandra Gutierrez Secretary 1.00
Key Emp
$0 $0 $0
Fran Peterson Board Member 1.00
Key Emp
$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 $83,397 $48,467 $41,668 $34,930
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