DELAWARE BAY AND RIVER COOPERATIVE… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

ROBERT POOLE

Phone

6108592830

Tax Period

2024-01-01 to 2024-12-31

DELAWARE BAY AND RIVER COOPERATIVE INC, founded in 1981, is a community nonprofit in the Environment sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 4% surplus.

Mission

TO PROMOTE THE WELFARE OF THE PUBLIC BY PLANNING AND PROVIDING FOR THE PROMPT AND EFFICIENT CONTROL OF OIL SPILLS, INCLUDING DISCHARGES OF PERSISTENT OIL OCCURRING ON OR IN THE WATERS AND HARBORS AND THE ABUTTING PUBLIC AND PRIVATE PROPERTIES AND BEACHES OF PORTIONS OF THE DELAWARE RIVER, DELAWARE BAY, DELAWARE-CHESAPEAKE CANAL AND SCHUYLKILL RIVER.

Program Service Accomplishments

Program 1

Expenses: $2,936,635 Revenue: $669,276

PLANNING AND PROVIDING THE PROMPT AND EFFICIENT CONTROL OF OIL SPILLS. RESPONDING TO THE WATERWAY INCIDENTS FOR MEMBER/NON-MEMBER COMPANIES AT THE REQUEST OF THE US COAST GUARD.

Program 2

Expenses: $318,018 Revenue: $596,441

THE SAFE TRANSPORTATION OF CARGO & PRESERVATION OF WATERWAYS THROUGH PROVIDING MEMBERS SPILL COVERAGE ON A PER-VOYAGE BASIS AND PROVIDING ACCESS TO EQUIPMENT TO THE EXTENT IT IS REQUIRED BY LAW.

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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 $2,614,808

Program Service Revenue $1,265,717

Investment Income $82,957

Other Revenue $91,714

TOTAL REVENUE $4,055,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,914,483

Fundraising Expenses $0

Program Expenses $3,254,653

Other Expenses $1,992,208

TOTAL EXPENSES $3,906,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,055,196	$3,227,477	+0.3%
Expenses	$3,906,691	$2,860,338	+0.4%
Net Income	$148,505	$367,139	-0.6%

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

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

$431,046

Total Directors

$190,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MONK ENERGY TRANSFER PART	DIRECTOR	0.00	Director	$0	$0	$0
BILL MCENROE MONROE ENERGY	DIRECTOR - CHAIR	0.00	Officer Director	$0	$0	$0
JOHN DEEMER PBF ENERGY	DIRECTOR - VICE-CHAIR	0.00	Officer Director	$0	$0	$0
MATT BECKLEY OSG SHIP MANAGEMENT IN	DIRECTOR - TREASURER	0.00	Officer Director	$0	$0	$0
JOE KUKLINSKI CONSTELLATION ENERGY	PRIMARY DIRECTOR IV-VI	0.00	Director	$0	$0	$0
ROBERT LATTOMUS CALPINE	REPRESENTATIVE	0.00	Director	$0	$0	$0
HELEN GREGORY PSEG NUCLEAR LLC	ALTERNATE DIRECTOR IV-VI	0.00	Director	$0	$0	$0
SCOTT BOSSERT	MARINE OPS SUPERVISOR/SECRETARY	40.00	Officer Director	$137,088	$53,900	$190,988
STEVE TURNBULL EDDYSTONE MARINE	REPRESENTATIVE	0.00	Director	$0	$0	$0
BEN COOPER US WIND	REPRESENTATIVE	0.00	Director	$0	$0	$0
LUKE GARNER KINDER MORGAN	REPRESENTATIVE	0.00	Director	$0	$0	$0
ROBERT POOLE	PRESIDENT	40.00	Officer	$180,909	$59,149	$240,058
GEORGE TERRELL	CHIEF ENGINEER	40.00	Highest	$115,481	$50,522	$166,003
ANDREW COFFIEY	CAPTAIN	40.00	Highest	$104,257	$40,662	$144,919
JOSEPH CAUSTON	OPERATIONS MANAGER	40.00	Highest	$108,454	$57,138	$165,592

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	$4,055,196	$3,906,691	$6,194,771	$148,505
2023	$3,227,477	$2,860,338	$5,214,872	$367,139
2022	$3,076,512	$3,047,910	$4,881,879	$28,602
2021	$3,275,578	$3,563,931	$4,814,583	$-288,353
2020	$4,031,282	$3,082,108	$5,094,637	$949,174
2019	$5,029,287	$3,800,477	$4,275,155	$1,228,810
2018	$3,838,051	$3,615,408	$2,892,095	$222,643

DELAWARE BAY AND RIVER COOPERATIVE INC