NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE VIRGINIA ARTS FESTIVAL INC, founded in 1995, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.1M, a strong 37% operating margin.
THE MISSION OF THE VIRGINIA ARTS FESTIVAL IS TO BRING WORLD-CLASS PERFORMING ARTS TO OUR CITIZENS AND VISITORS, IMPACT THE LIVES OF STUDENTS THROUGH OUTSTANDING EDUCATIONAL PROGRAMS, COMMISSION NEW WORKS OF NATIONAL AND INTERNATIONAL SIGNIFICANCE, AND MAKE A TANGIBLE DIFFERENCE IN HAMPTON ROADS THROUGH REGIONAL PARTNERSHIPS AND CULTURAL TOURISM.
DURING THE PERIOD OF JULY 1, 2024 THROUGH JUNE 30, 2025, THE VIRGINIA ARTS FESTIVAL PRODUCED 72 EVENTS: 62 TICKETED PERFORMANCES AND 10 FREE EVENTS. THERE WERE MORE THAN 53,600 PATRONS ATTENDING...
DURING THE PERIOD OF JULY 1, 2024 THROUGH JUNE 30, 2025, THE VIRGINIA ARTS FESTIVAL PRODUCED 72 EVENTS: 62 TICKETED PERFORMANCES AND 10 FREE EVENTS. THERE WERE MORE THAN 53,600 PATRONS ATTENDING TICKETED EVENTS AND MORE THAN 28,200 ATTENDING FREE EVENTS WITH VISITORS FROM 45 STATES AND WASHINGTON, D.C. AND 9 INTERNATIONAL COUNTRIES. THERE WERE 10 SOLD OUT PERFORMANCES . THE EDUCATION DEPARTMENT HAD 103 EVENTS (COMPRISED OF MASTERCLASSES, OPEN DRESS REHERSALS, AND PERFORMANCES), WITH LOCAL STUDENT PARTICIPATION OF 27,943, FROM 140 SCHOOLS IN 18 CITY/DISTRICTS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $19,485,044 | $16,411,609 | +0.2% |
| Expenses | $12,372,172 | $10,462,017 | +0.2% |
| Net Income | $7,112,872 | $5,949,592 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| NAOMI MUELLNER | BOARD MEMBER/TRUSTEE | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| SIMON SCOTT III | BOARD MEMBER/TRUSTEE | 0.3 |
Officer
Director
|
$0 | $0 | $0 |
| AIMEE C BATTEN | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| BERT SCHMIDT | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| BURRELL SAUNDERS | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| CLAY H BARR | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| CONNIE JACOBSON | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| DAVID M DELPIERRE ESQ | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| DR MARCIA CONSTON | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| EDITH G GRANDY | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| HOWARD GORDON ESQ | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| JAMES A HIXON | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| JAMES M LAVIER III | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| JOHN FIELD | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| JOSEPH HEARST | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| KATHERINE WYNNE | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| KELLY TILL | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| L PAIGE PERRY | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| LAUREN SPARKS | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| LESLIE E DOYLE | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| LISA F CHANDLER | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| MARTHA GOODE | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| MAURICE A JONES | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| MAXINE HUMPHREY ADAMS | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| PAUL D FRAIM | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| ROBERT M BOYD | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| THOMAS V RUEGER | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| TONY BROTHERS | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| WAYNE F WILBANKS | BOARD MEMBER/TRUSTEE | 0.3 |
Director
|
$0 | $0 | $0 |
| ROBERT W CROSS | EXECUTIVE DIRECTOR | 40.0 |
Officer
|
$255,375 | $27,033 | $282,408 |
| J SCOTT JACKSON | GENERAL MANAGER | 40.0 |
Key Emp
|
$226,032 | $35,998 | $262,030 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $19,485,044 | $12,372,172 | $67,022,063 | $7,112,872 |
| 2024 | $16,411,609 | $10,462,017 | $55,750,628 | $5,949,592 |
| 2023 | $12,308,747 | $10,657,616 | $46,274,620 | $1,651,131 |
| 2022 | $13,814,301 | $10,182,316 | $42,180,047 | $3,631,985 |
| 2021 | $13,482,512 | $6,110,399 | $42,275,473 | $7,372,113 |
| 2020 | $4,958,733 | $4,533,761 | $30,657,132 | $424,972 |
| 2019 | $9,162,997 | $7,799,614 | $30,062,110 | $1,363,383 |
Compare THE VIRGINIA ARTS FESTIVAL INC with other nonprofits in Virginia and across the country.