VIRGINIA MUSICAL THEATRE INC

EIN: 541588760 501(c)(3) Arts, Culture & Humanities

VIRGINIA BEACH, VA

Total Revenue
$1,209,413
Total Expenses
$1,231,644
Total Assets
$328,178
Net Assets
$-468,412
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
VA
Principal Officer
MARK HUDGINS
Phone
7573405446
Tax Period
2023-07-01 to 2024-06-30

VIRGINIA MUSICAL THEATRE INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

LEADING THEATRE COMPANY DEDICATED TO NURTURING ARTISTS IN A CREATIVE ENVIRONMENT. VMT IS DRIVEN BY AN INNOVATIVE SPIRIT THAT CONSTANTLY SEEKS NEW MANAGEMENT AND ARTISTIC MODELS. CURRENT HALLMARKS OF ITS MANAGEMENT ARE RESOURCEFULNESS AND COLLABORATION. IN ADDITION TO PRODUCING MUSICAL THEATRE REVIVALS AND NEW WORKS, VMT PRIDES ITSELF ON A WIDE VARIETY OF COMMUNITY OUTREACH INITIATIVES AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $1,031,424

DIRECTLY SUPPORT AND EXPAND THE ARTS WHILE PROVIDING TRAINING AND EDUCATION FOR ASPIRING PERFORMERS. THE ORGANIZATION ALSO STRIVES TO INCREASE ART AWARENESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $433,369
Program Service Revenue $630,987
Investment Income $1,100
Other Revenue $143,957
TOTAL REVENUE $1,209,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,953
Fundraising Expenses $0
Program Expenses $1,031,424
Other Expenses $1,106,691
TOTAL EXPENSES $1,231,644

Year-over-Year Comparison

2023 2022 Change
Revenue $1,209,413 $913,945 +0.3%
Expenses $1,231,644 $1,048,452 +0.2%
Net Income $-22,231 $-134,507 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
12
Employees
63
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
6
$76,650
Total Directors
14
$76,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HUDGINS MANAGING DIR 40.00
Officer Director
$76,650 $0 $76,650
KIM MELNYK PRESIDENT N/A
Officer Director
$0 $0 $0
KAREN CROWLEY 1ST VICE PRE N/A
Officer Director
$0 $0 $0
NANCY CREECH 2ND VICE PRE N/A
Officer Director
$0 $0 $0
ROBIN BIANCO TREASURER N/A
Officer Director
$0 $0 $0
TONIE WALLACE MEMBER N/A
Director
$0 $0 $0
BARBARA LEWIS MEMBER N/A
Director
$0 $0 $0
DR JIM MARCHIGIANI MEMBER N/A
Director
$0 $0 $0
BRENDA REID MEMBER N/A
Director
$0 $0 $0
MARTHA MCCLEES SECRETARY N/A
Officer Director
$0 $0 $0
MOLLY HOBBS MEMBER N/A
Director
$0 $0 $0
JENNIFER BURROUGHS MEMBER N/A
Director
$0 $0 $0
SHANNON KNIGHT MEMBER N/A
Director
$0 $0 $0
SAMANTHA RUBIN SULLY MEMBER N/A
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 $1,209,413 $1,231,644 $328,178 $-22,231
2023 $913,945 $1,048,452 $369,372 $-134,507
2022 $648,568 $845,273 $428,462 $-196,705
2021 $412,376 $205,821 $121,918 $206,555
2020 $822,350 $652,455 $124,465 $169,895
2019 $805,176 $854,025 $2,399 $-48,849
2018 $776,393 $852,074 $1,088 $-75,681
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare VIRGINIA MUSICAL THEATRE INC with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.