Civic Intelligence

Targeted Meteorological Systems Inc.

990 • Fiscal year 2022 • EIN 85-3646784

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileN/A
850 Yale RoadBoulder, CO 80305

(765) 479-4350

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

33rd percentile

0.00x

Higher debt load relative to revenue than 33% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

99th percentile

633%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

95%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$626,822

Up $541,329 (+633%) from 2021

Net Assets

Up

$626,311

Up $605,945 (+2975%) from 2021

Liabilities

Down

$511

Down $64,616 (-99%) from 2021

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin94th percentile

Revenue

Up

$905,894

Up $440,891 (+95%) from 2021

Expenses

Down

$299,949

Down $104,207 (-26%) from 2021

Net Income

Up

$605,945

Up $545,098 (+896%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2021: $85,493Liabilities 2021: $65,127Net Assets 2021: $20,3662021Assets 2022: $626,822Liabilities 2022: $511Net Assets 2022: $626,3112022Assets 2023: $928,734Liabilities 2023: $0Net Assets 2023: $928,7342023Assets 2024: $932,938Liabilities 2024: $722Net Assets 2024: $932,2162024

Highlighted filing

2022

Assets$626,822
Liabilities$511
Net Assets$626,311
Open 2022 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $465,003Expenses 2021: $404,156Net Income 2021: $60,8472021Revenue 2022: $905,894Expenses 2022: $299,949Net Income 2022: $605,9452022Revenue 2023: $629,744Expenses 2023: $312,567Net Income 2023: $317,1772023Revenue 2024: $484,013Expenses 2024: $508,866Net Income 2024: -$24,8532024

Highlighted filing

2022

Revenue$905,894
Expenses$299,949
Net Income$605,945
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$905,894
Mission and Program Overview

Mission

Targeted meteorological systems inc. Focuses on severe weather research such as tornadoes and hurricanes. It also owns and maintains a fleet of 3 mobile radars, 1 deployable radar, 3 mobile mesonets, a coordination vehicle, and other observation devices {pods, soundings, disdrometers}, and scientific data collected from these instruments, which are available to universities and other educational institutions.

Targeted meteorological systems inc. Focuses on severe weather research such as tornadoes and hurricanes. It also owns and maintains a fleet of 3 mobile radars, 1 deployable radar, 3 mobile mesonets, a coordination vehicle, and other observation devices (pods, soundings, disdrometers), and scientific data collected from these instruments, which are available to universities and other educational institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,718$484,050▲ $455,332
Land, Buildings, and Equipment, Net$42,020$128,017▲ $85,997
Loans From Officers Directors$60,101--
Accounts Receivable$14,755$14,755→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$85,493$626,822▲ $541,329
Liabilities
Other Liabilities$3,060$0▼ $3,060
Accounts Payable and Accrued Expenses$1,966$511▼ $1,455
Total Liabilities$65,127$511▼ $64,616
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,366$626,311▲ $605,945
Total Liabilities and Net Assets / Fund Balance$85,493$626,822▲ $541,329

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$128,017$24,119$152,136
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Jon LutzPresident
Heather LagerwallDirector
Karen a KosibaDirector
Saldie VillarmaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$905,894
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$905,894
Change in Net Assets
$605,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,214
Grants and Similar Amounts Paid$36,000
Salaries, Compensation, and Employee Benefits$2,735
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$66,223$45,237-$111,460
Grants to Domestic Orgs$36,000--$36,000
Insurance-$27,138-$27,138
Fees for Services Other$13,464$5,770-$19,234
Depreciation Depletion$9,902$6,601-$16,503
All Other Expenses$5,819$5,646-$11,465
Fees for Services Accounting$4,253$2,835-$7,088
Other Expenses$2,000$1,333-$3,333
Other Employee Benefits$2,407--$2,407
Travel$1,886--$1,886
Office Expenses-$368-$368
Payroll Taxes$197$131-$328
Total Functional Expenses$193,910$106,039$0$299,949
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Center for High Impact Weatehr StudiesBoulder, CO501(c)(3)The Grant or Donation Is to Support Severe Weather Research.$36,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$60,101--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The president and all board members have the opportunity to review form 990 and to ask questions of the tax preparer (outside cpa firm) prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Targeted meteorological systems performs an annual review of its conflict-of-interest policy and requires board members and key employees to complete an annual disclosure and certification form. All forms are reviewed, and proper action is taken for any conflicts of interest that are discovered in the process. Key vendors are screened periodically and are required to disclose any relationship the vendor or service provider has with any of the organization's directors, officers, employees or volunteers. If a conflict of interest is discovered appropriate actions are taken including but not limited to disclosure of the conflict, meetings to address the issue, formation of committees if necessary, by the board, and a vote of the governing board to determine if the transaction is fair and reasonable and in the best interest of the organization.”

Form 990, Part VI, Section B, Line 15

“Compensation of directors and key employees are reviewed and approved by the governing board. Any persons with a conflict of interest are excluded from all votes and meetings pertaining to compensation review and approval. When necessary, benchmark data is used to identify comparable compensation in comparable positions at similar organizations. The organization uses msec data on projected pay increases in the boulder/denver area. The compensation study is compiled by an independent hr professional. Deliberations and decisions regarding compensation are documented.”

Form 990, Part VI, Section C, Line 19

“All organizational documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Targeted Meteorological Systems Inc
EIN
85-3646784
Phone
7654794350
Address
850 YALE ROAD, BOULDER, CO 80305

Signing Officer

Name
Karen Kosiba
Title
Director
Phone
7654794350
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Kosiba
Formed
2020
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
1

Preparer

Firm
Brock and Company Cpas Pc
Address
4940 PEARL EAST CR SUITE 300, BOULDER, CO 80301
Preparer
Mark Kaufmann
Phone
3034442971
Raw XML Appendix354 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTER FOR HIGH IMPACT WEATEHR STUDIES
IRS990ScheduleI/RecipientTable/RecipientEIN0261136224
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND ALL BOARD MEMBERS HAVE THE OPPORTUNITY TO REVIEW FORM 990 AND TO ASK QUESTIONS OF THE TAX PREPARER (OUTSIDE CPA FIRM) PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TARGETED METEOROLOGICAL SYSTEMS PERFORMS AN ANNUAL REVIEW OF ITS CONFLICT-OF-INTEREST POLICY AND REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE AN ANNUAL DISCLOSURE AND CERTIFICATION FORM. ALL FORMS ARE REVIEWED, AND PROPER ACTION IS TAKEN FOR ANY CONFLICTS OF INTEREST THAT ARE DISCOVERED IN THE PROCESS. KEY VENDORS ARE SCREENED PERIODICALLY AND ARE REQUIRED TO DISCLOSE ANY RELATIONSHIP THE VENDOR OR SERVICE PROVIDER HAS WITH ANY OF THE ORGANIZATION'S DIRECTORS, OFFICERS, EMPLOYEES OR VOLUNTEERS. IF A CONFLICT OF INTEREST IS DISCOVERED APPROPRIATE ACTIONS ARE TAKEN INCLUDING BUT NOT LIMITED TO DISCLOSURE OF THE CONFLICT, MEETINGS TO ADDRESS THE ISSUE, FORMATION OF COMMITTEES IF NECESSARY, BY THE BOARD, AND A VOTE OF THE GOVERNING BOARD TO DETERMINE IF THE TRANSACTION IS FAIR AND REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF DIRECTORS AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE GOVERNING BOARD. ANY PERSONS WITH A CONFLICT OF INTEREST ARE EXCLUDED FROM ALL VOTES AND MEETINGS PERTAINING TO COMPENSATION REVIEW AND APPROVAL. WHEN NECESSARY, BENCHMARK DATA IS USED TO IDENTIFY COMPARABLE COMPENSATION IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THE ORGANIZATION USES MSEC DATA ON PROJECTED PAY INCREASES IN THE BOULDER/DENVER AREA. THE COMPENSATION STUDY IS COMPILED BY AN INDEPENDENT HR PROFESSIONAL. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt085493
IRS990/TotalAssetsEOYAmt0626822
IRS990/TotalAssetsGrp/BOYAmt085493
IRS990/TotalAssetsGrp/EOYAmt0626822
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0905894
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193910
IRS990/TotalFunctionalExpensesGrp/TotalAmt0299949
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065127
IRS990/TotalLiabilitiesEOYAmt0511
IRS990/TotalLiabilitiesGrp/BOYAmt065127
IRS990/TotalLiabilitiesGrp/EOYAmt0511
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020366
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0626311
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193910
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0905894
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt085493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0626822
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01886
IRS990/TravelGrp/TotalAmt01886
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0850 YALE ROAD
IRS990/USAddress/CityNm0BOULDER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080305
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN KOSIBA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07654794350
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TARGETED METEOROLOGICAL SYSTEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0TARG
ReturnHeader/Filer/EIN0853646784
ReturnHeader/Filer/PhoneNum07654794350
ReturnHeader/Filer/USAddress/AddressLine1Txt0850 YALE ROAD
ReturnHeader/Filer/USAddress/CityNm0BOULDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080305
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840930288
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROCK AND COMPANY CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04940 PEARL EAST CR SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOULDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080301
ReturnHeader/PreparerPersonGrp/PhoneNum03034442971
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK KAUFMANN
ReturnHeader/ReturnTs02023-11-07T15:22:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KAREN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOSIBA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$626,822
Liabilities
$511
Net assets
$626,311
Revenue
$905,894
Expenses
$299,949
Net income
$605,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$0.01$9.32$4.84$5.09$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.29$0.00$9.29$6.30$3.13$3.17
2022Detailed filing. Detailed filing data is available for this year.$6.27$0.01$6.26$9.06$3.00$6.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.65$0.20$4.65$4.04$0.61