OKJOO FOUNDATION (EIN 824524665) - 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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

OKJOO FOUNDATION, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $90K in total revenue in fiscal year 2023. Expenses of $141K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO AID FEDERAL EXEMPT ORGANIZATIONS THAT ARE ORGANIZED FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERARY, OR EDUCATIONAL PURPOSES; FOR FOSTERING NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION; OR FOR PREVENTING CRUELTY TO CHILDREN OR ANIMALS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 $65,063

Program Service Revenue $0

Investment Income $212,625

Other Revenue $-187,563

TOTAL REVENUE $90,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,888

Fundraising Expenses $0

Other Expenses $109,305

TOTAL EXPENSES $141,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,125	$-167,980	-1.5%
Expenses	$141,193	$168,204	-0.2%
Net Income	$-51,068	$-336,184	-0.8%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEUNG JAE LEE	President	2.00	Officer Director	$0	$0	$0
JOSHUA H LEE	Secretary	2.00	Officer	$0	$0	$0
ANDREW JE	CFO	2.00	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
2023	$90,125	$141,193	$7,836,860	$-51,068
2022	$-167,980	$168,204	$7,793,424	$-336,184
2021	$2,073,106	$147,913	$9,372,638	$1,925,193
2020	$393,925	$25,311	$8,493,615	$368,614
2019	$171,745	$38,223	$7,772,925	$133,522

OKJOO FOUNDATION