SPECIAL METALS CORPORATION SALARIED RETIREES WELFARE PLAN (EIN 200367488) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ROY SMITH

Phone

3045250331

Tax Period

2025-01-01 to 2025-12-31

SPECIAL METALS CORPORATION SALARIED RETIREES WELFARE PLAN, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2025. Expenses of $3.1M left a modest 14% surplus.

Mission

VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION.TO PROVIDE HEALTH INSURANCE BENEFITS TO RETIREES AND THEIR DEPENDENTS AND TO PROVIDE LIFE INSURANCE

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,241,921

Investment Income $348,512

Other Revenue $0

TOTAL REVENUE $3,590,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,755,787

Other Expenses $341,821

TOTAL EXPENSES $3,091,608

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,590,433	$3,633,104	0.0%
Expenses	$3,091,608	$3,013,519	+0.0%
Net Income	$498,825	$619,585	-0.2%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY MUSICK	TRUSTEE	5.00	Director	$0	$0	$0
CAROLINE THOMAS	TRUSTEE	5.00	Director	$0	$0	$0
DAN WOLFE	TRUSTEE	5.00	Director	$0	$0	$0
ROY SMITH	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES CRUM	SECRETARY	5.00	Officer Director	$0	$0	$0
RON HAEBERLE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
DARRELL SMITH	TRUSTEE	5.00	Director	$0	$0	$0
GARY SIMPSON	TRUSTEE	5.00	Director	$0	$0	$0
ROGER CHAPMAN	TRUSTEE	5.00	Director	$0	$0	$0

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	$3,590,433	$3,091,608	$8,494,257	$498,825
2024	No data	No data	No data	No data
2023	$3,673,711	$3,083,128	$7,122,440	$590,583
2022	$3,479,010	$3,195,905	$6,325,446	$283,105
2021	$3,384,370	$3,617,046	$6,742,088	$-232,676
2020	$3,443,382	$3,285,129	$6,296,480	$158,253
2019	$3,626,510	$3,126,565	$5,989,865	$499,945
2018	$3,517,953	$3,342,127	$5,198,462	$175,826

SPECIAL METALS CORPORATION SALARIED RETIREES WELFARE PLAN