VIRGINIA SYMPHONY ORCHESTRA

EIN: 546000598 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$7,283,748
Total Expenses
$7,969,444
Total Assets
$1,532,564
Net Assets
$-837,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
VA
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 $7.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

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.

Program Service Accomplishments

Program 1
Expenses: $6,119,983 Revenue: $2,731,642

PROVISION OF ORCHESTRAS, ENSEMBLES, MUSICAL GROUPS AND GUEST ARTISTS FOR CULTURAL AND EDUCATIONAL OPPORTUNITIES AND EXPERIENCES PRIMARILY WITHIN GREATER HAMPTON ROADS. THE OVER 100 YEAR-OLD ORCHESTRA...

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PROVISION OF ORCHESTRAS, ENSEMBLES, MUSICAL GROUPS AND GUEST ARTISTS FOR CULTURAL AND EDUCATIONAL OPPORTUNITIES AND EXPERIENCES PRIMARILY WITHIN GREATER HAMPTON ROADS. THE OVER 100 YEAR-OLD ORCHESTRA IS VIRGINIA'S PRE-EMINENT PROFESSIONAL SYMPHONY ORCHESTRA AND PERFORMS CLASSICS, POPS AND FAMILY CONCERT SERIES IN VIRGINIA AND NORTH CAROLINA REACHING MORE THAN 100,000 CONCERT GOERS EVERY YEAR. DEDICATED TO ENGAGING CHILDREN, STUDENTS AND ADULTS WITH THE POWER OF CLASSICAL MUSIC, EDUCATION AND COMMUNITY PROGRAMS REACH OVER 45,000 CHILDREN, STUDENTS AND LIFE LONG LEARNING ADULTS EACH YEAR THROUGH YOUNG PEOPLE'S CONCERTS, SCHOOL ARTISTIC RESIDENCIES, MASTER CLASSES AND SMALL ENSEMBLE SPECIAL PROGRAMS.

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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 (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

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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
30
Independent Members
30
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
7
$305,958
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
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
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