VIRGINIA SYMPHONY ORCHESTRA (EIN 546000598) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

SHANNON KELLY

Phone

7574663060

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA SYMPHONY ORCHESTRA, founded in 1949, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.8M in total revenue in fiscal year 2017. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

DRIVEN BY ITS CORE VALUES OF ARTISTIC EXCELLENCE AND INCLUSION, THE VIRGINIA SYMPHONY ORCHESTRA IS DEDICATED TO CREATING WORLD-CLASS SYMPHONIC PERFORMANCES, TRANSFORMATIVE MUSIC EDUCATION, AND PURPOSEFUL COMMUNITY ENGAGEMENT THROUGHOUT SOUTHEASTERN VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,495,089

Program Service Revenue $2,731,642

Investment Income $-352

Other Revenue $57,369

TOTAL REVENUE $7,283,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,379,784

Fundraising Expenses $578,162

Program Expenses $6,119,983

Other Expenses $2,589,660

TOTAL EXPENSES $7,969,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,283,748	$6,261,525	+0.2%
Expenses	$7,969,444	$8,246,550	0.0%
Net Income	$-685,696	$-1,985,025	-0.7%

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

Governance

Voting Members

Independent Members

Employees

314

Volunteers

300

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

$305,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLNER ALEXIS	DIRECTOR (MUSIC REP)	1.00	Director	$0	$0	$0
BERGER GARRETT	DIRECTOR (TO 4.3.25)	1.00	Director	$0	$0	$0
BRACKNELL PATRICIA	DIRECTOR	1.00	Director	$0	$0	$0
CAMPBELL SHARILYN	DIRECTOR	1.00	Director	$0	$0	$0
COOPER MINETTE	DIRECTOR	1.00	Director	$0	$0	$0
CREECH NANCY A	DIRECTOR	1.00	Director	$0	$0	$0
EVERETT MARSHALL	DIRECTOR (AS OF 6.16.25)	1.00	Director	$0	$0	$0
FAULKNER TIMOTHY	RESIGNED AS CHAIR AND DIRECTOR AS OF 6.16.25	1.00	Officer Director	$0	$0	$0
FRIEDMAN LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
GOODE SUSAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GOURNELOS TED	DIRECTOR	1.00	Director	$0	$0	$0
HARMON JOE	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY MICHAEL	DIRECTOR (AS OF 10.24.24)	1.00	Director	$0	$0	$0
HENDERSON BRIE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD RENEE	DIRECTOR	1.00	Director	$0	$0	$0
JONES REV KEITH	DIRECTOR	1.00	Director	$0	$0	$0
KERN HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
MAROON TJ	DIRECTOR	1.00	Director	$0	$0	$0
MCCLELLAN MICHAEL R	DIRECTOR	1.00	Director	$0	$0	$0
MCDERMOTT PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
ORDAZ RACHEL	DIRECTOR (MUSIC REP)	1.00	Director	$0	$0	$0
ORTEGO SARAH	DIRECTOR	1.00	Director	$0	$0	$0
PACE LAVORIS	DIRECTOR	1.00	Director	$0	$0	$0
PAGEL ANNAMARIE	DIRECTOR	1.00	Director	$0	$0	$0
PETTERSON ROBERT	DIRECTOR (TO 6.16.25)	1.00	Director	$0	$0	$0
PITTMAN CAROLYN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTSON GORDON	CHAIR (AS OF 6.18.25)	1.00	Officer Director	$0	$0	$0
SANTIAGO KATYA	DIRECTOR (TO 4.14.25)	1.00	Director	$0	$0	$0
SCOPER STEVE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BLYTHE	DIRECTOR	1.00	Director	$0	$0	$0
STONECYPHER MICHAEL	DIRECTOR	1.00	Director	$0	$0	$0
SUTHERLAND VANESSA	DIRECTOR	1.00	Director	$0	$0	$0
VAN BUREN WILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
VRETAKIS NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
WARREN ANDREA	PRESIDENT AND CEO (TO 6.25.25)	40.00	Officer	$165,000	$479	$165,479
SPOONEY YOLANDA	DIRECTOR OF FINANCE (6.8.25 TO 12.15.25)	40.00	Officer	$0	$0	$0
KELLY SHANNON	PRESIDENT AND CEO (AS OF 6.26.25)	40.00	Officer	$140,000	$479	$140,479

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	$7,283,748	$7,969,444	$1,532,564	$-685,696
2024	$6,261,525	$8,246,550	$1,749,921	$-1,985,025
2023	$6,831,622	$9,273,554	$3,083,184	$-2,441,932
2022	$8,191,490	$7,991,820	$5,267,903	$199,670
2021	$6,146,057	$4,529,531	$5,768,414	$1,616,526
2020	$6,922,911	$6,141,614	$5,562,695	$781,297
2019	$9,348,635	$6,497,094	$4,272,359	$2,851,541
2018	$7,840,549	$6,569,367	$2,504,833	$1,271,182

VIRGINIA SYMPHONY ORCHESTRA