THE AXION RESEARCH FOUNDATION INC

EIN: 222604752 501(c)(3) Science & Technology

HAMDEN, CT

Total Revenue
$43,098
Total Expenses
$379,661
Total Assets
$1,297,631
Net Assets
$1,291,133
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CT
Principal Officer
MARYANNE JOHNSON
Phone
2037739300
Tax Period
2023-01-01 to 2023-12-31

THE AXION RESEARCH FOUNDATION INC, founded in 1985, is a micro nonprofit in the Science & Technology sector that reported $43K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $380K exceeded revenue, resulting in a 781% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO SUPPORT SCIENTIFIC AND MEDICAL RESEARCH, WITH PARTICULAR RELEVANCE TO BRAIN AND SPINAL CORD FUNCTION, DYSFUNCTION AND DISEASE. THE ORGANIZATION IS SPECIFICALLY INVOLVED IN BIOMEDICAL RESEARCH IN NEURODEGENERATIVE AND AGE-ASSOCIATED DISEASE.

Program Service Accomplishments

Program 1
Expenses: $313,241

MEDICAL RESEARCH WITH PARTICULAR RELEVANCE TO BRAIN AND SPINAL CORD FUNCTION, DYSFUNCTION AND DISEASE AT ST. KITTS BIOMEDICAL RESEARCH FOUNDATION

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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 $0
Program Service Revenue $0
Investment Income $43,098
Other Revenue $0
TOTAL REVENUE $43,098

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $313,241
Other Expenses $379,661
TOTAL EXPENSES $379,661

Year-over-Year Comparison

2023 2022 Change
Revenue $43,098 $580,023 -0.9%
Expenses $379,661 $131,608 +1.9%
Net Income $-336,563 $448,415 -1.8%
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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Governance

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

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT H ROTH PHD SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
MATHEW S LAWRENCE PHD MD PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHN D ELSWORTH PHD DIRECTOR 1.00
Director
$0 $0 $0
MARYANNE JOHNSON VICE PRESIDENT 5.00
Officer
$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
2024 No data No data No data No data
2023 $43,098 $379,661 $1,297,631 $-336,563
2022 $580,023 $131,608 $1,600,285 $448,415
2021 $680,315 $138,523 $1,841,425 $541,792
2021 $55,515 $138,523 $591,825 $-83,008
2020 $228,775 $332,684 $690,639 $-103,909
2020 $355,175 $332,684 $817,039 $22,491
2019 $2,400,391 $2,366,874 $1,008,214 $33,517
2018 $3,439,036 $2,832,590 $944,416 $606,446
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