European American Musical Alliance Inc

EIN: 134009314 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$264,178
Total Expenses
$307,865
Total Assets
$452,125
Net Assets
$218,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
Pamela Lasser
Phone
2128317424
Tax Period
2023-07-01 to 2024-06-30

European American Musical Alliance Inc, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $308K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide educational & cultural exchange programs in Europe and the U.S. The programs promote musicianship and the musical arts. The EAMA/NafME award is to High School aged composers of musical composition of profound artistic message,

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,339
Program Service Revenue $198,101
Investment Income $110,270
Other Revenue $-82,532
TOTAL REVENUE $264,178

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,654
Fundraising Expenses $0
Program Expenses $150,368
Other Expenses $180,211
TOTAL EXPENSES $307,865

Year-over-Year Comparison

2023 2022 Change
Revenue $264,178 $399,727 -0.3%
Expenses $307,865 $351,338 -0.1%
Net Income $-43,687 $48,389 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
2
Volunteers
N/A

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
2
$42,210
Total Directors
6
$96,127
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Lasser Director 1.00
Director Highest
$53,917 $0 $53,917
Pamela Lasser VP/Treasurer 1.00
Officer Director
$42,210 $0 $42,210
Cynthia Lilley Director 0.10
Director
$0 $0 $0
Brian Shea President 0.10
Officer Director
$0 $0 $0
Wassila Guiga-Lotfi Director 0.10
Director
$0 $0 $0
Seth Grosshandler Director 0.10
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 $264,178 $307,865 $452,125 $-43,687
2023 $399,727 $351,338 $467,286 $48,389
2022 $185,730 $233,673 $483,388 $-47,943
2021 $284,825 $229,126 $356,325 $55,699
2020 $320,328 $297,916 $325,926 $22,412
2019 $302,663 $254,740 $446,440 $47,923
2018 $265,246 $272,558 $394,797 $-7,312
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