AXIOM ADVANCEMENT CORPORATION (EIN 811382582) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

MICHELLE CHENN

Phone

4124823342

Tax Period

2023-01-01 to 2023-12-31

AXIOM ADVANCEMENT CORPORATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $589K in total revenue in fiscal year 2023. The organization ran a surplus of $243K, a strong 41% operating margin.

Mission

AXIOM IS A MICROLOAN FUND INTENTIONALLY FOCUSED ON SERVING MINORITY, WOMEN-OWNED AND DISADVANTAGED BUSINESS ENTERPRISES, BY PROVIDING ACCESS TO CAPITAL AND BUSINESS DEVELOPMENT SUPPORT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $564,194

Program Service Revenue $24,786

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,980

Expense Breakdown

Grants Paid $3,625

Salaries & Benefits $235,639

Fundraising Expenses $17,053

Program Expenses $294,749

Other Expenses $106,639

TOTAL EXPENSES $345,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,980	$578,609	+0.0%
Expenses	$345,903	$237,582	+0.5%
Net Income	$243,077	$341,027	-0.3%

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

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

$197,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CHENN	PRESIDENT	40.00	Officer	$197,676	$0	$197,676
BENJAMIN CONTRUCCI	TREASURER	1.00	Officer	$0	$0	$0
LATESHYA ELLIS	VICE CHAIR	0.50	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
2023	$588,980	$345,903	$553,613	$243,077
2022	$578,609	$237,582	$347,880	$341,027
2021	$222,345	$187,863	$88,023	$34,482
2020	$60,424	$39,883	$20,541	$20,541

AXIOM ADVANCEMENT CORPORATION