STEEL & PIPE SUPPLY CO INC VEBA TR… - Form 990 Financial Data

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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

1995

Legal Domicile

Phone

7855875143

Tax Period

2024-01-01 to 2024-12-31

STEEL & PIPE SUPPLY CO INC VEBA TRUST, founded in 1995, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE HEALTH BENEFITS (MEDICAL, DENTAL AND PRESCRIPTION) TO MEMBERS AND RETIREES OF STEEL AND PIPE SUPPLY CO, INC (INCLUDING SUBSIDIARIES STEEL MANAGEMENT GROUP, INC, STORAGE PROCESSORS INC, SPS METALLURGICAL LAB LLC AND STEEL VENTURES, LLC, TUBULAR USA, ROYAL METAL INDUSTRIES LLC, ENERGY STEEL PRODUCTS AND US WHOLESALE, LLC).

Program Service Accomplishments

Program 1

PROVIDE HEALTH BENEFITS TO MEMBERS AND RETIREES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,507,180

Investment Income $19,499

Other Revenue $0

TOTAL REVENUE $8,526,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,313,178

TOTAL EXPENSES $8,503,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,526,679	$9,497,813	-0.1%
Expenses	$8,503,246	$8,885,515	0.0%
Net Income	$23,433	$612,298	-1.0%

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

N/A

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
DENNIS MULLIN	TRUSTEE	1.0	Director	$0	$0	$0
DIRK DAVELINE	TRUSTEE	1.0	Director	$0	$0	$0
MATT CROCKER	TRUSTEE	1.0	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	$8,526,679	$8,503,246	$2,134,656	$23,433
2023	$9,497,813	$8,885,515	$2,111,223	$612,298
2022	$7,862,408	$7,939,310	$1,498,925	$-76,902
2021	$5,668,085	$5,643,470	$1,575,827	$24,615
2020	$5,748,719	$5,741,291	$1,551,212	$7,428
2019	$5,572,762	$5,757,802	$1,543,784	$-185,040
2018	$6,781,172	$6,506,464	$1,728,824	$274,708

STEEL & PIPE SUPPLY CO INC VEBA TRUST