VIRGINIA OPERA ASSOCIATION INC

EIN: 540985006 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$5,523,879
Total Expenses
$5,161,074
Total Assets
$1,716,905
Net Assets
$863,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
VA
Principal Officer
PEGGY KRIHA MILLER
Phone
7576279545
Tax Period
2022-07-01 to 2023-06-30

VIRGINIA OPERA ASSOCIATION INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.5M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 7% surplus.

Mission

THE VIRGINIA OPERA ASSOCIATION, INC. WORKS TO ATTRACT, EDUCATE, DEVELOP AND ENGAGE A DIVERSE BASE OF AUDIENCES, VOLUNTEERS AND PROFESSIONALS THROUGH THE PROMOTION AND PRODUCTION OF QUALITY PERFORMANCES IN THE COMMONWEALTH OF VIRGINIA.

Program Service Accomplishments

Program 1
Expenses: $3,661,849 Revenue: $1,224,969

PERFORMANCE OF OPERAS FOR THE PUBLIC AS WELL AS CULTURAL EDUCATION PROGRAMS FOR STUDENTS AND OTHER GROUPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,949,746
Program Service Revenue $1,224,969
Investment Income $0
Other Revenue $349,164
TOTAL REVENUE $5,523,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,206,813
Fundraising Expenses $394,066
Program Expenses $3,661,849
Other Expenses $2,954,261
TOTAL EXPENSES $5,161,074

Year-over-Year Comparison

2022 2021 Change
Revenue $5,523,879 $4,475,698 +0.2%
Expenses $5,161,074 $4,644,967 +0.1%
Net Income $362,805 $-169,269 -3.1%
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
41
Independent Members
40
Employees
107
Volunteers
165

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
5
$175,091
Total Directors
41
$175,091
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA ALLEN TRUSTEE 0.50
Director
$0 $0 $0
DEBORAH WYLD CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL LOTT VICE CHAIR 0.50
Officer Director
$0 $0 $0
CYNTHIA HOLMES TRUSTEE 0.50
Director
$0 $0 $0
JOSEE COVINGTON TRUSTEE 0.50
Director
$0 $0 $0
DR ELISABETH MUHLENFELD WOLLAN TRUSTEE 0.50
Director
$0 $0 $0
NANCY BRANCH TRUSTEE 0.50
Director
$0 $0 $0
COURTNEY HYERS TRUSTEE 0.50
Director
$0 $0 $0
ROY HART TREASURER 0.50
Officer Director
$0 $0 $0
GWEN BURROUGHS SECRETARY 0.50
Officer Director
$0 $0 $0
HELLE DRESDNER TRUSTEE 0.50
Director
$0 $0 $0
PEGGY KRIHA MILLER GENERAL DIRECTOR & CEO 40.00
Officer Director
$175,091 $0 $175,091
PETER M HUBER TRUSTEE 0.50
Director
$0 $0 $0
RAYMOND DEFRANK TRUSTEE 0.50
Director
$0 $0 $0
KATHY HEATON TRUSTEE 0.50
Director
$0 $0 $0
JEANNIE P BALILES TRUSTEE 0.50
Director
$0 $0 $0
LAUREN KADISH TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL MASZAROS TRUSTEE 0.50
Director
$0 $0 $0
TOM NICHOLSON III TRUSTEE 0.50
Director
$0 $0 $0
SUSAN QUATE TRUSTEE 0.50
Director
$0 $0 $0
MARY VIRGINIA OVERHOLSER TRUSTEE 0.50
Director
$0 $0 $0
PATRICK PATRONG TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER COFFING TRUSTEE 0.50
Director
$0 $0 $0
BESS DECKER TRUSTEE 0.50
Director
$0 $0 $0
MARY POSTMA TRUSTEE 0.50
Director
$0 $0 $0
LENORE HART TRUSTEE 0.50
Director
$0 $0 $0
KATHLEEN LE MONS TRUSTEE 0.50
Director
$0 $0 $0
INA D LEVY TRUSTEE 0.50
Director
$0 $0 $0
EDWARD L LILLY MD TRUSTEE 0.50
Director
$0 $0 $0
SUE ANN MESSMER TRUSTEE 0.50
Director
$0 $0 $0
VALERIE NEFF TRUSTEE 0.50
Director
$0 $0 $0
GERALD J PEPE PHD TRUSTEE 0.50
Director
$0 $0 $0
PATTI PUSEY TRUSTEE 0.50
Director
$0 $0 $0
DR JOHN REYNOLDS TRUSTEE 0.50
Director
$0 $0 $0
RICHARD PULLEY TRUSTEE 0.50
Director
$0 $0 $0
ALLAN S REYNOLDS JR ESQ TRUSTEE 0.50
Director
$0 $0 $0
NICOLAS SCHUCK TRUSTEE 0.50
Director
$0 $0 $0
MARTHA LEE SHAW TRUSTEE 0.50
Director
$0 $0 $0
HON LYDIA C TAYLOR TRUSTEE 0.50
Director
$0 $0 $0
WARREN RICHARD TRUSTEE 0.50
Director
$0 $0 $0
ANDREA HOLLOWAY TRUSTEE 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $5,523,879 $5,161,074 $1,716,905 $362,805
2022 $4,475,698 $4,644,967 $2,159,868 $-169,269
2021 $3,745,037 $2,169,818 $2,261,019 $1,575,219
2020 $5,108,640 $4,746,502 $1,029,232 $362,138
2019 $5,118,846 $5,104,858 $588,822 $13,988
2018 $5,464,553 $5,350,669 $705,517 $113,884
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