Advanced Real Time Information Systems

Timothy Schimkus

Timothy Schimkus

Timothy Schimkus

Mr. Schimkus serves as chief financial officer and brings more than 30 years of experience as a certified public accountant. He has been with Artis since its inception, and his expertise includes tax planning and preparation, financial analysis, Federal Acquisition Regulation and government contracting, and financial reviews for mergers and acquisitions.

His activities include financial statement preparation, indirect rate strategy, cash flow management and outside contractors. He provides monthly and annual reports to the board of directors concerning the financial activities of the company. He also serves as the primary point of contact with the Defense Contract Audit Agency, the company’s bank and independent auditors.

In addition, he has worked in similar capacities with several small businesses over the years, including MTS Technologies, Noesis and Star Mountain.

Previously, from 1985-88 he worked as controller for Eagle Technology, Inc., and coordinated the firm’s accounting and computer activities. He reported to management the status of the company’s financial position through analyzing cash flow and P&L activity, implemented basic cash receipts procedures to help eliminate cash flow problems, analyzed computer needs through a feasibility study, and implemented changes as decided by management to DELTEK.TM

From 1982-85, he was assistant controller for Allen Corporation of America, and had basic responsibility for supporting financial statements, cash flow analysis and indirect burden analysis. He worked extensively and became proficient with the use of the Federal Acquisition Regulation, and assisted with DCAA reviews and with the outside independent auditors.

He has extensive mergers and acquisitions experience, and has been involved in more than 30 transactions during his career. He is a member of the American Institute of CPAs, the Maryland Association of CPAs and the Greater Washington Society of CPAs. He holds a B.S. degree in accounting from Liberty University and an M.B.A. in finance and management from Marymount University.

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