Del-Co Water Company Inc
- Assets
- $318.8m
- Revenue
- $51.6m
- Investments
- $1.4m
- Employees
- 132
- Location
- Delaware, OH
- Founding
- 09/1974
- Data as of
- 04/2022
- EIN
- 31-0749383
Organization Overview
Del-Co Water Company Inc is located in Delaware, OH. The organization was established in 1974. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 04/2022, Del-Co Water Company Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Del-Co Water Company Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 04/2022, Del-Co Water Company Inc generated $51.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $34.3m during the year ending 04/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE TO ITS APPROXIMATELY 52,000 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn R Marzluf General Manager/ceo | Officer | 50 | $223,376 |
Shane F Clark Deputy General Manager | Officer | 50 | $177,176 |
Damon K Dye Plant Superintendent | 40 | $143,085 | |
Thomas Pruett Distribution Superintendent | 40 | $140,000 | |
Spencer T Sheldon Superintendent | 50 | $138,987 | |
Kristina Dye Business Operations Manager | 40 | $127,082 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Limcorp Residual Removal | 4/29/22 | $930,312 |
Bonded Chemicals Inc Chemical Supplier | 4/29/22 | $834,763 |
Us Bank Pension Plan | 4/29/22 | $850,000 |
Buckeye State Pipe & Supply Co Transmission/distribution Supplier | 4/29/22 | $2,596,843 |
Ferguson Waterworks Transmission/distribution Supplier | 4/29/22 | $1,284,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,057,373 |
| Investment income | $225,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $161,112 |
| Net Gain/Loss on Asset Sales | $933,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,589,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $588,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,778,911 |
| Pension plan accruals and contributions | $265,205 |
| Other employee benefits | $1,693,971 |
| Payroll taxes | $634,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,238 |
| Fees for services: Accounting | $26,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $774,075 |
| Advertising and promotion | $0 |
| Office expenses | $341,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,759,362 |
| Travel | $219,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $397,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,116,372 |
| Insurance | $0 |
| All other expenses | $2,173,053 |
| Total functional expenses | $34,336,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,373,747 |
| Savings and temporary cash investments | $116,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,063,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,442,225 |
| Net Land, buildings, and equipment | $268,133,069 |
| Investments—publicly traded securities | $19,189,547 |
| Investments—other securities | $1,435,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,753,806 |
| Accounts payable and accrued expenses | $5,775,483 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,878,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,236,443 |
| Total liabilities | $30,890,825 |
| Net assets without donor restrictions | $287,162,045 |
| Net assets with donor restrictions | $700,936 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,753,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Energy Cooperative Cassopolis, MI | $334,250,567 | $119,294,620 |
Del-Co Water Company Inc Delaware, OH | $318,753,806 | $51,589,765 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Michigan Farm Bureau Lansing, MI | $21,991,749 | $13,489,298 |
Michigan Dairymens Market Program Novi, MI | $2,715,772 | $11,716,586 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Ohio Soybean Council Worthington, OH | $9,472,196 | $9,336,413 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |
Ohio County & Independent Agricultural Societies Delaware, OH | $10,485,071 | $9,270,714 |