SPECIAL METALS CORPORATION IAM RETIREE VEBA TRUST (EIN 206095388) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

BEN BUNGERT

Phone

3157982085

Tax Period

2023-01-01 to 2023-12-31

SPECIAL METALS CORPORATION IAM RETIREE VEBA TRUST, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $567K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $529K left a modest 7% surplus.

Mission

TO PROVIDE IAM RETIREES WITH HEALTH INSURANCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $566,195

Investment Income $499

Other Revenue $0

TOTAL REVENUE $566,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,300

TOTAL EXPENSES $529,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,694	$379,745	+0.5%
Expenses	$529,266	$529,584	0.0%
Net Income	$37,428	$-149,839	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
JASON BERDANIER	UNION TRUSTEE	2.00	Director	$0	$0	$0
BEN BUNGERT	UNION TRUSTEE, CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAN ZOECKLER	UNION TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY SONSON	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOHN SIELSKI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
TED POTACZALA	EMPLOYER TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$566,694	$529,266	$429,806	$37,428
2022	$379,745	$529,584	$392,378	$-149,839
2021	$854,589	$590,180	$542,217	$264,409
2020	$664,107	$604,800	$277,808	$59,307
2019	$598,412	$626,829	$218,501	$-28,417
2018	$661,162	$606,406	$246,918	$54,756

SPECIAL METALS CORPORATION IAM RETIREE VEBA TRUST