Civic Intelligence

Masters Music Co of Plano Inc

EIN 72-0910847 • 501(c)3 • Mckinney, TX

Profile

Christian evangelism in churches, concerts, revivals, camps, seminars, and conferences.

708 Granite Shoals DrMckinney, TX 75071

www.mastersmusic.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$13,077

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

24th percentile

-35%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

35%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$51,856

Down $28,182 (-35%) from 2023

Liabilities

Up

$8,950

Up $1,662 (+23%) from 2023

Net Assets

Down

$42,906

Down $29,844 (-41%) from 2023

Revenue

Up

$134,108

Up $34,663 (+35%) from 2023

Expenses

Up

$163,952

Up $14,348 (+9.6%) from 2023

Net Income

Up

-$29,844

Up $20,315 (+41%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $62,220Liabilities 2011: $9712011Assets 2012: $56,372Liabilities 2012: $2,0362012Assets 2013: $85,592Liabilities 2013: $3,3322013Assets 2014: $15,389Liabilities 2014: $2,2912014Assets 2015: $32,926Liabilities 2015: $1,7412015Assets 2016: $35,438Liabilities 2016: $2,8212016Assets 2017: $62,754Liabilities 2017: $4002017Assets 2018: $71,879Liabilities 2018: $10,106Net Assets 2018: $61,7732018Assets 2019: $82,900Liabilities 2019: $7,532Net Assets 2019: $75,3682019Assets 2020: $99,242Liabilities 2020: $14,038Net Assets 2020: $85,2042020Assets 2021: $115,449Liabilities 2021: $18,435Net Assets 2021: $97,0142021Assets 2022: $142,861Liabilities 2022: $19,954Net Assets 2022: $122,9072022Assets 2023: $80,038Liabilities 2023: $7,288Net Assets 2023: $72,7502023Assets 2024: $51,856Liabilities 2024: $8,950Net Assets 2024: $42,9062024

Highlighted filing

2024

Assets$51,856
Liabilities$8,950
Net Assets$42,906

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $53,291Expenses 2011: $55,044Net Income 2011: -$1,7532011Revenue 2012: $33,163Expenses 2012: $40,076Net Income 2012: -$6,9132012Revenue 2013: $72,976Expenses 2013: $45,052Net Income 2013: $27,9242013Revenue 2014: -$23,748Expenses 2014: $45,414Net Income 2014: -$69,1622014Revenue 2015: $59,135Expenses 2015: $41,048Net Income 2015: $18,0872015Revenue 2016: $62,782Expenses 2016: $61,350Net Income 2016: $1,4322016Revenue 2017: $162,293Expenses 2017: $132,556Net Income 2017: $29,7372017Revenue 2018: $134,697Expenses 2018: $135,278Net Income 2018: -$5812018Revenue 2019: $207,973Expenses 2019: $194,378Net Income 2019: $13,5952019Revenue 2020: $110,232Expenses 2020: $100,396Net Income 2020: $9,8362020Revenue 2021: $118,078Expenses 2021: $116,706Net Income 2021: $1,3722021Revenue 2022: $189,318Expenses 2022: $163,425Net Income 2022: $25,8932022Revenue 2023: $99,445Expenses 2023: $149,604Net Income 2023: -$50,1592023Revenue 2024: $134,108Expenses 2024: $163,952Net Income 2024: -$29,8442024

Highlighted filing

2024

Revenue$134,108
Expenses$163,952
Net Income-$29,844

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.09$0.43$1.34$1.64$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.07$0.73$0.99$1.50$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.20$1.23$1.89$1.63$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.18$0.97$1.18$1.17$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.14$0.85$1.10$1.00$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.08$0.75$2.08$1.94$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.10$0.62$1.35$1.35$0.01
2017Summary only. Only limited summary data is available for this year.$0.63$0.00$1.62$1.33$0.30
2016Summary only. Only limited summary data is available for this year.$0.35$0.03$0.63$0.61$0.01
2015Summary only. Only limited summary data is available for this year.$0.33$0.02$0.59$0.41$0.18
2014Summary only. Only limited summary data is available for this year.$0.15$0.02$0.24$0.45$0.69
2013Summary only. Only limited summary data is available for this year.$0.86$0.03$0.73$0.45$0.28
2012Summary only. Only limited summary data is available for this year.$0.56$0.02$0.33$0.40$0.07
2011Summary only. Only limited summary data is available for this year.$0.62$0.01$0.53$0.55$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$134,831
Mission and Program Overview

Mission

Christian evangelism in churches, concerts, revivals, camps, seminars, and conferences.

Program Services

DescriptionGrantsExpenses
CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES-$161,032
CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANE MACHENVice PresideFT$13,077-$13,077
CHRIS MACHENPresidentFT$10,800-$10,800
TERI CLARKDirector-$0--
BRENT EDWARDSDirector-$0--
SHERRY EDWARDSDirector-$0--
MIKE GULLATTDirector-$0--
BETH GULLATTDirector-$0--
JOHN HARBUSDirector-$0--
TRISHA HARBUSDirector-$0--
JOHN SIMMONSDirector-$0--
LORI SIMMONSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Masters Music Co of Plano Inc
EIN
72-0910847
Phone
2144911108
Address
708 GRANITE SHOALS DR, MCKINNEY, TX 75071

Signing Officer

Name
Diane Machen
Title
Vice President
Phone
4695731661
Signed
2025-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Murray Mensch & Brooks Pc
Address
6928 MEDITERRANEAN DR 100, MCKINNEY, TX 75072
Preparer
Richard K Davis CPA
Phone
9725622100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Royalties 359 interest 286 total 645

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 4,306 office expense 4,553 meals 1,371 travel 1,198 auto 5,504 hith production expenses 99,315 total 116,247

Form 990-ez, Part II, Line 24

Inventories for sale or use 6,594 5,871 misc. 17,390 17,390 less accumulated depreciation 17,390 17,390 total 6,594 5,871

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 7,288 8,950

Form 990-ez, Part III

Christian evangelism in churches, concerts, revivals, camps, seminars, and conferences.

Form 990-ez, Part III, Line 31

Christian evangelism in churches, concerts, revivals, camps, seminars, and conferences.

Raw XML Appendix183 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROYALTIES 359 INTEREST 286 TOTAL 645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 4,306 OFFICE EXPENSE 4,553 MEALS 1,371 TRAVEL 1,198 AUTO 5,504 HITH PRODUCTION EXPENSES 99,315 TOTAL 116,247
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INVENTORIES FOR SALE OR USE 6,594 5,871 MISC. 17,390 17,390 LESS ACCUMULATED DEPRECIATION 17,390 17,390 TOTAL 6,594 5,871
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,288 8,950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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