Del-co Water Company Inc
Strong reserves Growing revenue
Del-co Water Company Inc is a 501(c)(12) organization based in Delaware, Ohio, registered in 1974, with $61,852,555 in FY2024 revenue.
6658 Olentangy River Rd, Delaware, OH, 43015 EIN 31-0749383 Since 1974
Revenue (FY2024)
$61.9M
▼ 0.6% vs prior year
Food & Agriculture median: $197K
Expenses (FY2024)
$48.2M
Net assets
$333.0M
Employees
161
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Del-co Water Company Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating83 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Del-co Water Company Inc: 83 mo reserves · +22% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Del-co Water Company Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Del-co Water Company Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provide water to membership.
Contact & location
- Address
- 6658 Olentangy River Rd, Delaware, OH, 43015
- City
- Delaware
- State
- Ohio
- Category
- Food, Agriculture & Nutrition
- Subcategory
- Agricultural Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.4M (FY2013) to $61.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $35.4MNet assets $333.0M
Operating margin
22.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$368.4M
Total liabilities
$35.4M
Net assets
$333.0M
Salaries & benefits
$15.0M
31% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,852,555▼0.6% | $48,207,815▲11.2% | $332,983,255▲4.5% | $368,405,167▲5.5% | 990 |
| 2023 | $62,254,268▲29.2% | $43,363,374▲13.6% | $318,497,471▲6.8% | $349,360,665▲5.7% | 990 |
| 2022 | $48,178,315▼6.6% | $38,165,358▲11.2% | $298,085,335▲3.6% | $330,609,064▲3.7% | 990 |
| 2021 | $51,589,765▲10.9% | $34,336,309▲14.8% | $287,862,981▲36.2% | $318,753,806▲30.8% | 990 |
| 2020 | $46,534,894▲12.6% | $29,899,929▲5.3% | $211,313,836▲8.5% | $243,624,395▲2.7% | 990 |
| 2019 | $41,322,488▲14.7% | $28,391,703▲4.0% | $194,678,871▲1.3% | $237,303,940▲6.4% | 990 |
| 2018 | $36,023,498▼2.4% | $27,308,774▲4.1% | $192,196,290▲4.7% | $223,102,243▲4.3% | 990 |
| 2017 | $36,907,015▲1.0% | $26,221,626▲7.4% | $183,481,566▲6.2% | $213,868,351▲2.3% | 990 |
| 2016 | $36,551,509▲22.0% | $24,411,543▲4.1% | $172,796,177▲7.6% | $209,156,508▲4.1% | 990 |
| 2015 | $29,950,204▲11.1% | $23,456,043▲4.4% | $160,656,211▲4.3% | $200,876,551▲1.8% | 990 |
| 2014 | $26,968,100▼14.1% | $22,476,690▲0.1% | $154,055,728▲2.7% | $197,363,755▲1.4% | 990 |
| 2013 | $31,386,240 | $22,451,853▼0.6% | $149,966,496▲8.3% | $194,636,989▲1.1% | 990 |
| 2012 | — | $22,592,613▲2.1% | $138,414,259▲4.5% | $192,613,652▲1.5% | 990 |
| 2011 | — | $22,126,844▲3.9% | $132,451,112▼0.7% | $189,846,730▼0.4% | 990 |
| 2010 | — | $21,301,716 | $133,334,833 | $190,601,347 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Glenn R Marzluf — $286,139 (0.59% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Glenn R Marzluf | General Mana | 45 | $286,139 |
| Jason Rafeld | Legal | 30 | $192,939 |
| Brian Coghlan | Coo | 45 | $192,785 |
| Spencer T Sheldon | Superintende | 45 | $167,019 |
| Kristina Dye | Bus Oper Man | 45 | $166,831 |
| Michael E Studer | Cfo | 45 | $166,496 |
| Damon K Dye | Plant Superi | 45 | $163,555 |
| Thomas Pruett | Dist Superin | 45 | $158,250 |
| Pamala Hawk | President | 4 | $6,150 |
| Robert W Jenkins | Secretary | 4 | $6,150 |
| David A Bender | Director | 4 | $4,950 |
| Douglas D Dawson | Director | 4 | $4,950 |
| Michael Dickey | Treasurer | 4 | $4,950 |
| Timothy D Mcnamara | Vice Preside | 4 | $4,950 |
| Michael D Sheets | Director | 4 | $3,712 |
| Marc Armstrong | Director | 4 | $3,300 |
| Perry K Tudor | Director | 4 | $2,886 |
| Jason Sanson | Director | 4 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Enterprise Solutions Consulting | Systems Consult | $1,375,074 |
| Clark Road Utilities LLC | Trucking Servic | $889,377 |
| Wing Environmental LLC | Waste Disposal | $650,744 |
| Core & Main LP | Water Consult | $410,551 |
| Excavation Point LLC | Water Sys Repai | $346,549 |
Grants made · $65K in FY2024
4 grants totaling $65K in FY2024. All grants made by Del-co Water Company Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Mid Ohio Regional Planning Commission | — | $30,000 |
| One Columbus | — | $15,000 |
| The Community Foundation of Delaware County | — | $15,000 |
| Stratford Ecological Center Inc | — | $5,200 |
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Frequently asked questions
- Is Del-co Water Company Inc a legitimate nonprofit?
- Yes. Del-co Water Company Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 31-0749383, based in Delaware, Ohio.
- What is Del-co Water Company Inc's EIN?
- Del-co Water Company Inc's Employer Identification Number (EIN) is 31-0749383.
- How much revenue does Del-co Water Company Inc report?
- Del-co Water Company Inc reported $61,852,555 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Del-co Water Company Inc's highest-paid employee make?
- The highest reported compensation on Del-co Water Company Inc's latest Form 990 is $286,139, paid to Glenn R Marzluf (General Mana).
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Data for Del-co Water Company Inc (EIN 31-0749383) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.