SPECIAL METALS CORPORATION SALARIED RETIREES WELFARE PLAN

EIN: 200367488 Mutual Benefit

ONA, WV

Total Revenue
$3,590,433
Total Expenses
$3,091,608
Total Assets
$8,494,257
Net Assets
$8,108,147
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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
WV
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.

Program Service Accomplishments

Program 1
Expenses: $2,755,787 Revenue: $3,241,921

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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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