Skip to content
Nonprofiteer
← DEL-CO WATER COMPANY INC

Form 990 for tax year 2024

Filed by DEL-CO WATER COMPANY INC.

Totals

Total revenue
$61,852,555
Total expenses
$48,207,815
Contributions and grants received
$2,220,000
Grants paid
$95,634
Program service revenue
$51,762,812
Investment income
$2,020,671
Other revenue
$5,849,072
Total assets, end of year
$368,405,167
Total liabilities, end of year
$35,421,912
Net assets or fund balances, end of year
$332,983,255
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,220,000

  • 2a · Program service revenue: WATER SALES

    total $40,925,028 · related or exempt $40,925,028

  • 2b · Program service revenue: TAP FEES

    total $10,301,089 · related or exempt $10,301,089

  • 2c · Program service revenue: OTHER

    total $242,480 · related or exempt $242,480

  • 2d · Program service revenue: LATE PAYMENT PENALTIES

    total $156,409 · related or exempt $156,409

  • 2e · Program service revenue: FIRE LINE FEES

    total $79,556 · related or exempt $79,556

  • 2f · All other program service revenue

    total $58,250 · related or exempt $58,250

  • 3 · Investment income

    total $1,856,417 · excluded $1,856,417

  • 6a · Gross rents

    real property $132,063

  • 6c · Rental income or loss

    real property $132,063

  • 6d · Net rental income or loss

    total $132,063 · excluded $132,063

  • 7a · Gross sales of assets other than inventory

    securities $164,254

  • 7c · Gain or loss

    securities $164,254

  • 7d · Net gain or loss

    total $164,254 · related or exempt $164,254

  • 11a · Other revenue: DEVELOPER INFRASTRUCTURE

    total $4,669,161 · related or exempt $4,669,161

  • 11b · Other revenue: RELOCATION CONTRIB

    total $591,465 · related or exempt $591,465

  • 11c · Other revenue: ENGINEER PLAN INSPECTION

    total $283,584 · related or exempt $283,584

  • 11d · All other revenue

    total $172,799 · related or exempt $172,799

  • 11e · Other revenue, total

    $5,717,009

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,634

  • 2 · Grants to domestic individuals

    total $1,000

  • 5 · Compensation of officers, directors and key employees

    total $924,343

  • 7 · Other salaries and wages

    total $10,144,401

  • 8 · Pension plan contributions

    total $1,250,844

  • 9 · Other employee benefits

    total $1,747,223

  • 10 · Payroll taxes

    total $933,851

  • 11b · Fees: legal

    total $118,750

  • 11c · Fees: accounting

    total $15,340

  • 11g · Fees: other

    total $1,123,212

  • 13 · Office expenses

    total $357,404

  • 14 · Information technology

    total $1,051,124

  • 16 · Occupancy

    total $396,354

  • 17 · Travel

    total $204,166

  • 19 · Conferences, conventions and meetings

    total $141,118

  • 20 · Interest

    total $384,211

  • 22 · Depreciation, depletion and amortization

    total $15,352,993

  • 23 · Insurance

    total $595,316

  • 24a · Other expenses: SLUDGE REMOVAL

    total $3,220,241

  • 24b · Other expenses: CHEMICALS

    total $3,158,834

  • 24c · Other expenses: MAINTENANCE & REPAIRS

    total $2,202,549

  • 24d · Other expenses: UTILITIES

    total $1,871,599

  • 24e · All other expenses

    total $2,918,308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,226,572 · end of year $4,517,012

  • 2 · Savings and temporary cash investments

    beginning of year $83,186 · end of year $83,894

  • 4 · Accounts receivable

    beginning of year $2,910,012 · end of year $2,878,652

  • 9 · Prepaid expenses and deferred charges

    beginning of year $738,015 · end of year $752,154

  • 10a · Land, buildings and equipment: cost or other basis

    $549,517,994

  • 10b · Land, buildings and equipment: accumulated depreciation

    $230,520,280

  • 10c · Land, buildings and equipment, net

    beginning of year $296,137,222 · end of year $318,997,714

  • 11 · Investments: publicly traded securities

    beginning of year $27,272,063 · end of year $40,743,628

  • 12 · Investments: other securities

    beginning of year $14,556,928

  • 15 · Other assets

    beginning of year $436,667 · end of year $432,113

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,799,166 · end of year $12,481,483

  • 19 · Deferred revenue

    beginning of year $1,159,050 · end of year $1,045,112

  • 23 · Secured mortgages and notes payable

    beginning of year $18,929,923 · end of year $19,730,254

  • 25 · Other liabilities

    beginning of year $1,975,055 · end of year $2,165,063

  • 27 · Net assets without donor restrictions

    beginning of year $317,796,535 · end of year $332,282,319

  • 28 · Net assets with donor restrictions

    beginning of year $700,936 · end of year $700,936

Mission and programs · 2024

Mission

PROVIDE WATER TO MEMBERSHIP.

  • PROVIDE WATER SERVICE TO ITS MEMBERS, 56,389 MEMBERS SERVED.

As filed on the 2024 return.

Listed in Part VII

  • David A Bender

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Douglas D Dawson

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Michael Dickey

    TREASURER

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Pamala Hawk

    PRESIDENT

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Timothy D McNamara

    VICE PRESIDE

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert W Jenkins

    SECRETARY

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Perry K Tudor

    DIRECTOR

    Total calculated
    $2,886
    From this org
    $2,886
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Michael D Sheets

    DIRECTOR

    Total calculated
    $3,712
    From this org
    $3,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Marc Armstrong

    DIRECTOR

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jason Sanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Glenn R Marzluf

    GENERAL MANA

    Total calculated
    $369,981
    From this org
    $286,139
    From related orgs
    $0
    Other
    $83,842
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $286,139
    Bonus
    not reported
    Other
    not reported
    Deferred
    $56,504
    Nontaxable benefits
    $27,338
    Filer's total
    $369,981

  • Michael E Studer

    CFO

    Total calculated
    $271,071
    From this org
    $166,496
    From related orgs
    $0
    Other
    $104,575
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $166,496
    Bonus
    not reported
    Other
    not reported
    Deferred
    $77,237
    Nontaxable benefits
    $27,338
    Filer's total
    $271,071

  • Brian Coghlan

    COO

    Total calculated
    $241,293
    From this org
    $192,785
    From related orgs
    $0
    Other
    $48,508
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,785
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,170
    Nontaxable benefits
    $27,338
    Filer's total
    $241,293

  • Damon K Dye

    PLANT SUPERI

    Total calculated
    $235,222
    From this org
    $163,555
    From related orgs
    $0
    Other
    $71,667
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $163,555
    Bonus
    not reported
    Other
    not reported
    Deferred
    $46,129
    Nontaxable benefits
    $25,538
    Filer's total
    $235,222

  • Spencer T Sheldon

    SUPERINTENDE

    Total calculated
    $231,532
    From this org
    $167,019
    From related orgs
    $0
    Other
    $64,513
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,019
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,175
    Nontaxable benefits
    $27,338
    Filer's total
    $231,532

  • Thomas Pruett

    DIST SUPERIN

    Total calculated
    $197,541
    From this org
    $158,250
    From related orgs
    $0
    Other
    $39,291
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $158,250
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,953
    Nontaxable benefits
    $27,338
    Filer's total
    $197,541

  • Kristina Dye

    BUS OPER MAN

    Total calculated
    $205,353
    From this org
    $166,831
    From related orgs
    $0
    Other
    $38,522
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $166,831
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,434
    Nontaxable benefits
    $25,088
    Filer's total
    $205,353

  • Jason Rafeld

    LEGAL

    Total calculated
    $238,716
    From this org
    $192,939
    From related orgs
    $0
    Other
    $45,777
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $192,939
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,439
    Nontaxable benefits
    $27,338
    Filer's total
    $238,716

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A
BOARD MEMBERS AND EXECUTIVE TEAM SPOUSES MAY ATTEND INDUSTRY FOCUSED MEETINGS AND TRAINING SESSIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.0
Source object
202630729349301658

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.