OKTA NEW JERSEY INC

EIN: 854267224

FORT LEE, NJ

Total Revenue
$79,051
Total Expenses
$75,803
Total Assets
$19,072
Net Assets
$15,572
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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
2020
Principal Officer
SUNYUNG HWANG
Phone
2019477770
Tax Period
2023-01-01 to 2023-12-31

OKTA NEW JERSEY INC, founded in 2020, is a micro nonprofit that reported $79K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $76K left a modest 4% surplus.

Mission

MISSION OF THE ORGANIZATION IS TO HELP SUPPORT THE INTERESTS AND BENEFITS OF MEMBERS IN HARMONY WITH THE GROWTH OF THE COMMUNITY, COORDINATE AND LIAISE BUSINESS INQUIRES AND DEMANDS FROM COMPANIES IN KOREA IN DESIRE OF SETTING UP A FOOTHOLD OR EXPLORING MARKET IN THE US AND LEAD AND NURTURE YOUNG BUSINESS LEADERS TO BE ABLE TO GROW AND FLOURISH OVER THE LONG RUN.

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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 $79,051
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $79,051

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,299
Other Expenses $75,803
TOTAL EXPENSES $75,803

Year-over-Year Comparison

2023 2022 Change
Revenue $79,051 $97,383 -0.2%
Expenses $75,803 $91,888 -0.2%
Net Income $3,248 $5,495 -0.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNYUNG HWANG CHAIRMAN N/A
Officer
$0 $0 $0
VIVIAN LEE VICE PRESIDE N/A
Officer
$0 $0 $0
MATTHEW H SON FORMER CHAIR N/A
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 $79,051 $75,803 $19,072 $3,248
2022 $97,383 $91,888 $15,824 $5,495
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