Time for Freedom Inc

EIN: 592771223 501(c)(3) Crime & Legal

Ocala, FL

Total Revenue
$4,300,617
Total Expenses
$4,245,401
Total Assets
$2,034,575
Net Assets
$1,030,801
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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
1987
Legal Domicile
FL
Principal Officer
David Decastro
Phone
3523511280
Tax Period
2023-01-01 to 2023-12-31

Time for Freedom Inc, founded in 1987, is a community nonprofit in the Crime & Legal sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

Work release program

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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 $5,767
Program Service Revenue $4,294,850
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,300,617

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,704,470
Other Expenses $4,245,401
TOTAL EXPENSES $4,245,401

Year-over-Year Comparison

2023 2022 Change
Revenue $4,300,617 $4,291,921 +0.0%
Expenses $4,245,401 $4,118,215 +0.0%
Net Income $55,216 $173,706 -0.7%
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
5
Independent Members
2
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
0
$0
Total Directors
5
$238,846
Key Employees
3
$238,846
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David DeCastro Executive Director 40.00
Director Key Emp
$94,423 $0 $94,423
Wes Wheeler Treasurer 2.00
Director
$0 $0 $0
Michael DeCastro Vice President 2.00
Director Key Emp
$50,000 $0 $50,000
Leif Woolley Director 2.00
Director
$0 $0 $0
Mauricio Chevalier CFO 40.00
Director Key Emp
$94,423 $0 $94,423
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 $4,300,617 $4,245,401 $2,034,575 $55,216
2022 $4,291,921 $4,118,215 $2,070,845 $173,706
2021 $2,427,085 $2,422,749 $1,587,272 $4,336
2020 $2,501,884 $2,213,635 $1,511,353 $288,249
2019 $2,617,686 $2,258,285 $1,239,385 $359,401
2018 $1,866,227 $1,852,053 $851,120 $14,174
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