Timm Funk Associates began its offering in 2000 as a CFO and Accounting outsourcing company. As our client base grew, so did the breadth of our services, which now include human resources and financial advising. Our clients are mostly family-owned small businesses with fewer than 100 employees, and they work in a variety of industries, including manufacturing, agricultural, sales and service, warehousing, medical, legal, and not-for-profit.
We have the ability to strengthen small businesses on several of their most crucial soft spots. It means we can bring failing businesses back from the brink. It means we help good businesses flourish.
Whether you are looking for an interim CFO or a permanent accounting partner, Timm Funk Associates can be the financial leadership your company needs to gather information, analyze data, and make appropriate assessments and projections. Our experienced Controllers have deep financial and accounting experience in several industry sectors, making them a powerful addition to your business.
When your business needs a sidekick, Timm Funk Associates is there. We have experience in inventory processes, developing initiatives for better office workflow, business acquisitions, and navigating an economic or financial downturn. We can step in to serve as an transitional CEO when needed, and we have been listed as a successor trustee for many clients, providing them with the peace of mind that if they aren't there to hold the wheel, someone they trust will be steering the ship.
We will handle the "back office" engine while you run your business from the front end. We can help you improve cash flow, execute better accounting and financial reports, and give you access to specialists in key areas to keep your business moving forward. It's one thing to get answers. It's another to have a plan. Timm Funk Associates provides both.
Human Resource Consulting
We know small businesses can't afford to have an on-site human resources department, even though it's widely considered to be one of the most important resources a company can have. Developing competitive compensation strategies and coordinating operational workflow is important, so is finding and retaining top talent (we should know, we work with some of the industry's best).
Social Media Management
While technology is ever evolving, your reputation should stand the test of time. Social media presents us with both opportunities and challenges to develop branding, increase exposure, and collect data. We'll work with you to develop a strategy to not only stay in the game, but also ahead of it.
Our team members have been hand selected based on the depth of their experience in finance, accounting, human resources, marketing, and social media. When you outsource your CFO, management, and human resource needs, you can be sure your business is in the best possible hands.
Timm Funk, CPA
Fifteen years ago, Timm Funk recognized a common trend among small business owners. Each wanted to grow their companies, but spent so much time managing HR, bookwork and accounting, they barely had time. He understood--especially from a financial aspect--that having a CFO on staff wasn't feasible, and yet smaller companies have the most to gain from having sound accounting and fully developed financial reporting practices.
It was then he created Timm Funk Associates, an interim CFO and business transition service. From here he could provide CFO services to businesses on an as-needed basis, which allowed them to keep their costs down while benefiting from his insight, data analytics, and financial reporting. Timm has facilitated business turnarounds and acquisitions, and has been appointed trustee for a multi-million dollar estate. He has served as an expert witness in litigation and also supports a large insurance company in resolving ‘business income loss’ claims.
Prior to going into business for himself, Timm worked for 20 years in the private and not-for-profit sectors in accounting and senior management roles. He is a graduate of Briar Cliff University and is originally from Moville, Iowa.
Kevin Welte is a seasoned CFO with 21 years of experience. While his background includes industries such as Automotive, Construction, Heavy Duty Truck, Real Estate Development, Subprime Lending, and Franchise, he is well versed in the universal language of business strategy, financial analysis, cash flow, operation procedures, and business transition management.
Bill Hackett is a seasoned accounting professional with more than thirty years’ experience as a financial analyst, controller and CFO, in a variety of industries such as, baking, meat processing, plastics, aerospace, ethanol, and medical. He offers skills in financial analysis, budgeting, cash flow, and all aspects of operations accounting.
Rick Feauto, CPA
With a background in accounting, lending, and auditing, Rick Feauto also has extensive experience with performing audits of corporations, non-profit organizations, municipalities, and school districts. Rick has an in-depth understanding of accounting operations, and has worked with Timm Funk Associates since 2013.
With over 25 years of experience in health care and private industry, Kathy Ranniger specializes in part-time CFO and interim Chief Financial Officer services for clinics, hospitals, and not for profits. She has established herself as a valuable resource for hospital administrators, clinic administrators, and executive directors for CFO functions including critical 3rd party reimbursement issues. She has worked with Timm Funk Associates since 2007.