Civic Intelligence

Toe Water Supply Corporation

EIN 86-1938161 • 501(c)12 • Canton, TX

Profile

provide watere service to tall oaks estates subdivision

Tall Oaks Estate 1361 Vz Cr 2403Canton, TX 75103
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.30x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

3.09x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2025

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2025

Asset Growth

49th percentile

1.5%

Faster asset growth than 49% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

-1.6%

Faster revenue growth than 33% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$747,413

Down $66,110 (-8.1%) from 2023

Liabilities

Down

$233,715

Down $6,177 (-2.6%) from 2023

Net Assets

Down

$513,698

Down $59,933 (-10%) from 2023

Revenue

Up

$75,803

Up $2,395 (+3.3%) from 2023

Expenses

Up

$67,488

Up $11,237 (+20%) from 2023

Net Income

Down

$8,315

Down $8,842 (-52%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2021: $715,681Liabilities 2021: $251,747Net Assets 2021: $463,9342021Assets 2022: $740,115Liabilities 2022: $246,658Net Assets 2022: $493,4572022Assets 2023: $813,523Liabilities 2023: $239,892Net Assets 2023: $573,6312023Assets 2024: $747,413Liabilities 2024: $233,715Net Assets 2024: $513,6982024

Highlighted filing

2024

Assets$747,413
Liabilities$233,715
Net Assets$513,698

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2021: $70,025Expenses 2021: $44,652Net Income 2021: $25,3732021Revenue 2022: $75,607Expenses 2022: $46,084Net Income 2022: $29,5232022Revenue 2023: $73,408Expenses 2023: $56,251Net Income 2023: $17,1572023Revenue 2024: $75,803Expenses 2024: $67,488Net Income 2024: $8,3152024

Highlighted filing

2024

Revenue$75,803
Expenses$67,488
Net Income$8,315

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.2
Gross Receipts
$75,803
Mission and Program Overview

Mission

provide watere service to tall oaks estates subdivision

Provide water service to tall oaks estates subdivision

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$644,000$644,000→ $0
Rtn Earn Endowment Incm Other Fnds$573,631$513,698▼ $59,933
Cash and Non-Interest-Bearing Accounts$169,523$103,413▼ $66,110
Total Assets$813,523$747,413▼ $66,110
Liabilities
Other Liabilities$239,892$233,715▼ $6,177
Total Liabilities$239,892$233,715▼ $6,177
Net Assets / Fund Balance
Total Net Assets Fund Balance$573,631$513,698▼ $59,933
Total Liabilities and Net Assets / Fund Balance$813,523$747,413▼ $66,110

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$644,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathleen BulferTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tommie E StoneMaintenance1661 VZ CR 2403, Canton, TX 75103$6,166
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$75,803
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$8,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,726
Salaries, Compensation, and Employee Benefits$20,762
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$18,008
Occupancy---$7,147
Interest---$6,519
Fees for Services Other---$6,166
Insurance---$4,381
Payroll Taxes---$2,754
Office Expenses---$2,204
Other Expenses---$937
Fees for Services Accounting---$935
All Other Expenses---$125
Total Functional Expenses$0$0$0$67,488
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Usdz Loan$233,715
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 8A

Records are kept on site. minutes are taken

PART VI, SECTION A, LINE 8B

Minutes taken

Filing and Contact Details

Filer

Filer Name
Toe Water Supply Corporation
EIN
86-1938161
Phone
9035215293
Address
TALL OAKS ESTATE 1361 VZ CR 2403, CANTON, TX 75103

Signing Officer

Name
Kathleen Bulfer
Title
Manager
Phone
9035215293
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Bulfer
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Able Tax and Bookkeeping
Address
246 N GUN BARREL LN, GUN BARREL CITY, TX 75156
Preparer
Shary G Rogers
Phone
9032863833
Supplemental Narrative

Additional Explanations

PART IX, LINE 24E

bank fees - 125

PART IX, LINE 11G

labor - 6166

Raw XML Appendix248 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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