DAVIS & WEBER COUNTIES CANAL COMPANY

EIN: 870127940

SUNSET, UT

Total Revenue
$18,183,343
Total Expenses
$7,544,867
Total Assets
$113,880,274
Net Assets
$70,296,136
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1884
Legal Domicile
UT
Principal Officer
RICHARD SMITH
Phone
8017746373
Tax Period
2024-11-01 to 2025-10-31

DAVIS & WEBER COUNTIES CANAL COMPANY, founded in 1884, is a mid-sized nonprofit that reported $18.2M in total revenue in fiscal year 2024. The organization ran a surplus of $10.6M, a strong 59% operating margin.

Mission

THE ORGANIZATION PROVIDES IRRIGATION AND SECONDARY WATER TO ITS MEMBERS THROUGHOUT PARTS OF WEBER AND DAVIS COUNTIES IN UTAH.

Program Service Accomplishments

Program 1

WATER WAS PROVIDED TO THE MEMBERS FOR AGRICULTURAL AND SECONDARY USES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,959,903
Program Service Revenue $9,798,441
Investment Income $424,999
Other Revenue $0
TOTAL REVENUE $18,183,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,387,002
Fundraising Expenses $0
Other Expenses $6,157,865
TOTAL EXPENSES $7,544,867

Year-over-Year Comparison

2024 2023 Change
Revenue $18,183,343 $18,214,745 0.0%
Expenses $7,544,867 $6,330,896 +0.2%
Net Income $10,638,476 $11,883,849 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
15
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
4
$325,344
Total Directors
8
$8,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SMITH MANAGER 20.00
Officer
$68,079 $73,204 $209,362
KAYLEEN MEIKLE Secretary 27.00
Officer
$46,214 $44,206 $113,182
SCOTT PAXMAN President 0.50
Officer Director
$1,400 $0 $1,400
DARREN HESS Trustee 0.50
Director
$1,400 $0 $1,400
RODNEY BANKS Trustee 0.50
Director
$1,400 $0 $1,400
ROBERT WHITELEY Vice President 0.50
Officer Director
$1,400 $0 $1,400
THOMAS DAY Trustee 0.50
Director
$1,125 $0 $1,125
JON GREEN Trustee 0.50
Director
$1,125 $0 $1,125
Michael Roueche Trustee 0.50
Director
$800 $0 $800
DEXTER FISHER FORMER TRUSTEE 0.00
Director
$200 $0 $200
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 $18,183,343 $7,544,867 $113,880,274 $10,638,476
2024 $18,214,745 $6,330,896 $99,331,866 $11,883,849
2023 $12,518,674 $6,036,903 $84,408,913 $6,481,771
2022 $11,581,854 $5,576,272 $78,097,906 $6,005,582
2021 $8,211,591 $5,820,173 $75,121,489 $2,391,418
2020 $8,381,661 $5,488,039 $71,774,617 $2,893,622
2019 $9,161,024 $5,590,872 $68,873,190 $3,570,152
2018 $8,083,564 $5,567,759 $64,032,570 $2,515,805
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