DEL-CO WATER COMPANY INC (EIN 310749383) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

GLENN R MARZLUF

Phone

7405487746

Tax Period

2024-05-01 to 2025-04-30

DEL-CO WATER COMPANY INC, founded in 1969, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $61.9M in total revenue in fiscal year 2024. The organization ran a surplus of $13.6M, a strong 22% operating margin.

Mission

PROVIDE WATER TO MEMBERSHIP.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,220,000

Program Service Revenue $51,762,812

Investment Income $2,020,671

Other Revenue $5,849,072

TOTAL REVENUE $61,852,555

Expense Breakdown

Grants Paid $95,634

Salaries & Benefits $15,000,662

Fundraising Expenses $0

Other Expenses $33,111,519

TOTAL EXPENSES $48,207,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,852,555	$62,254,268	0.0%
Expenses	$48,207,815	$43,363,374	+0.1%
Net Income	$13,644,740	$18,890,894	-0.3%

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

Governance

Voting Members

Independent Members

Employees

161

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

$904,545

Total Directors

$41,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A BENDER	DIRECTOR	4.00	Director	$4,950	$0	$4,950
DOUGLAS D DAWSON	DIRECTOR	4.00	Director	$4,950	$0	$4,950
MICHAEL DICKEY	TREASURER	4.00	Officer Director	$4,950	$0	$4,950
PAMALA HAWK	PRESIDENT	4.00	Officer Director	$6,150	$0	$6,150
TIMOTHY D MCNAMARA	VICE PRESIDE	4.00	Officer Director	$4,950	$0	$4,950
ROBERT W JENKINS	SECRETARY	4.00	Officer Director	$6,150	$0	$6,150
PERRY K TUDOR	DIRECTOR	4.00	Director	$2,886	$0	$2,886
MICHAEL D SHEETS	DIRECTOR	4.00	Director	$3,712	$0	$3,712
MARC ARMSTRONG	DIRECTOR	4.00	Director	$3,300	$0	$3,300
JASON SANSON	DIRECTOR	4.00	Director	$0	$0	$0
GLENN R MARZLUF	GENERAL MANA	45.00	Officer	$286,139	$83,842	$369,981
MICHAEL E STUDER	CFO	45.00	Officer	$166,496	$104,575	$271,071
BRIAN COGHLAN	COO	45.00	Officer	$192,785	$48,508	$241,293
DAMON K DYE	PLANT SUPERI	45.00	Highest	$163,555	$71,667	$235,222
SPENCER T SHELDON	SUPERINTENDE	45.00	Highest	$167,019	$64,513	$231,532
THOMAS PRUETT	DIST SUPERIN	45.00	Highest	$158,250	$39,291	$197,541
KRISTINA DYE	BUS OPER MAN	45.00	Highest	$166,831	$38,522	$205,353
JASON RAFELD	LEGAL	30.00	Highest	$192,939	$45,777	$238,716

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
2025	$61,852,555	$48,207,815	$368,405,167	$13,644,740
2024	$62,254,268	$43,363,374	$349,360,665	$18,890,894
2023	$48,178,315	$38,165,358	$330,609,064	$10,012,957
2022	$51,589,765	$34,336,309	$318,753,806	$17,253,456
2021	$46,534,894	$29,899,929	$243,624,395	$16,634,965
2020	$41,322,488	$28,391,703	$237,303,940	$12,930,785
2019	$36,023,498	$27,308,774	$223,102,243	$8,714,724

DEL-CO WATER COMPANY INC