Civic Intelligence

Special Metals Corporation Salaried

EIN 20-0367488 • 501(c)9 • Ona, WV

Profile

Voluntary employee benefit association.to provide health insurance benefits to retirees and their dependents and to provide life insurance.

9200 US Route 60Ona, WV 25545

n/A

Siviq Scores

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

Liabilities / Assets

58th percentile

0.05x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.11x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

501(c)9 • $5M-$10M nonprofits • Source year 2025

Asset Growth

61st percentile

9.4%

Faster asset growth than 61% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

-1.2%

Faster revenue growth than 30% of similar nonprofits.

501(c)9 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,764,048

Up $641,608 (+9.0%) from 2023

Liabilities

Down

$230,288

Down $25,826 (-10%) from 2023

Net Assets

Up

$7,533,760

Up $667,434 (+9.7%) from 2023

Revenue

Down

$3,633,104

Down $40,607 (-1.1%) from 2023

Expenses

Down

$3,013,519

Down $69,609 (-2.3%) from 2023

Net Income

Up

$619,585

Up $29,002 (+4.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,298,128Liabilities 2010: $241,196Net Assets 2010: $3,056,9322010Assets 2011: $3,820,575Liabilities 2011: $308,405Net Assets 2011: $3,512,1702011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $4,175,067Liabilities 2013: $513,565Net Assets 2013: $3,661,5022013Assets 2014: $3,998,293Liabilities 2014: $375,856Net Assets 2014: $3,622,4372014Assets 2015: $4,379,022Liabilities 2015: $668,482Net Assets 2015: $3,710,5402015Assets 2016: $4,723,512Liabilities 2016: $584,058Net Assets 2016: $4,139,4542016Assets 2017: $4,984,019Liabilities 2017: $367,623Net Assets 2017: $4,616,3962017Assets 2018: $5,198,462Liabilities 2018: $394,398Net Assets 2018: $4,804,0642018Assets 2019: $5,989,865Liabilities 2019: $333,108Net Assets 2019: $5,656,7572019Assets 2020: $6,296,480Liabilities 2020: $256,132Net Assets 2020: $6,040,3482020Assets 2021: $6,742,088Liabilities 2021: $520,186Net Assets 2021: $6,221,9022021Assets 2022: $6,325,446Liabilities 2022: $289,744Net Assets 2022: $6,035,7022022Assets 2023: $7,122,440Liabilities 2023: $256,114Net Assets 2023: $6,866,3262023Assets 2024: $7,764,048Liabilities 2024: $230,288Net Assets 2024: $7,533,7602024

Highlighted filing

2024

Assets$7,764,048
Liabilities$230,288
Net Assets$7,533,760

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $4,014,398Expenses 2010: $3,729,565Net Income 2010: $284,8332010Revenue 2011: $4,044,231Expenses 2011: $3,595,848Net Income 2011: $448,3832011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $3,798,899Expenses 2013: $3,781,819Net Income 2013: $17,0802013Revenue 2014: $3,622,620Expenses 2014: $3,660,976Net Income 2014: -$38,3562014Revenue 2015: $3,671,556Expenses 2015: $3,560,597Net Income 2015: $110,9592015Revenue 2016: $3,632,081Expenses 2016: $3,311,390Net Income 2016: $320,6912016Revenue 2017: $3,583,279Expenses 2017: $3,301,308Net Income 2017: $281,9712017Revenue 2018: $3,517,953Expenses 2018: $3,342,127Net Income 2018: $175,8262018Revenue 2019: $3,626,510Expenses 2019: $3,126,565Net Income 2019: $499,9452019Revenue 2020: $3,443,382Expenses 2020: $3,285,129Net Income 2020: $158,2532020Revenue 2021: $3,384,370Expenses 2021: $3,617,046Net Income 2021: -$232,6762021Revenue 2022: $3,479,010Expenses 2022: $3,195,905Net Income 2022: $283,1052022Revenue 2023: $3,673,711Expenses 2023: $3,083,128Net Income 2023: $590,5832023Revenue 2024: $3,633,104Expenses 2024: $3,013,519Net Income 2024: $619,5852024

Highlighted filing

2024

Revenue$3,633,104
Expenses$3,013,519
Net Income$619,585

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.76$0.23$7.53$3.63$3.01$0.62
2023Summary only. Only limited summary data is available for this year.$7.12$0.26$6.87$3.67$3.08$0.59
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.33$0.29$6.04$3.48$3.20$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$0.52$6.22$3.38$3.62$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$0.26$6.04$3.44$3.29$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$0.33$5.66$3.63$3.13$0.50
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.39$4.80$3.52$3.34$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.37$4.62$3.58$3.30$0.28
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.58$4.14$3.63$3.31$0.32
2015Detailed filing. Detailed filing data is available for this year.$4.38$0.67$3.71$3.67$3.56$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.00$0.38$3.62$3.62$3.66$0.04
2013Summary only. Only limited summary data is available for this year.$4.18$0.51$3.66$3.80$3.78$0.02
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$3.82$0.31$3.51$4.04$3.60$0.45
2010Summary only. Only limited summary data is available for this year.$3.30$0.24$3.06$4.01$3.73$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$3,633,104
Mission and Program Overview

Mission

Voluntary employee benefit association.to provide health insurance benefits to retirees and their dependents and to provide life insurance.

Voluntary employee benefit association.to provide health insurance benefits to retirees and their dependents and to provide life insurance

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,331,434$4,264,702▼ $66,732
Investments in Publicly Traded Securities$2,714,765$3,439,133▲ $724,368
Accounts Receivable$73,868$56,753▼ $17,115
Cash and Non-Interest-Bearing Accounts$2,373$3,460▲ $1,087
Total Assets$7,122,440$7,764,048▲ $641,608
Liabilities
Other Liabilities$168,372$166,676▼ $1,696
Deferred Revenue$64,984$63,612▼ $1,372
Accounts Payable and Accrued Expenses$22,758--
Total Liabilities$256,114$230,288▼ $25,826
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,866,326$7,533,760▲ $667,434
Total Net Assets Fund Balance$6,866,326$7,533,760▲ $667,434
Total Liabilities and Net Assets / Fund Balance$7,122,440$7,764,048▲ $641,608
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roy SmithPresident
Ron HaeberleVice Chairman
Caroline ThomasTrustee
Dan WolfeTrustee
Darrell SmithTrustee
Gary SimpsonTrustee
Larry MusickTrustee
Roger ChapmanTrustee
Ruth StoutTrustee
James CrumSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,255,036
Investment Income
$378,068
Other Revenue
$0
Change in Net Assets
$619,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,633,104
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$47,849
Total Revenue per Audited Statements
$3,680,953
Total Revenue per Form 990
$3,633,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$340,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,672,794
Fees for Services Other---$259,596
Fees for Service Investment Mgmnt Fees---$56,545
Fees for Services Accounting---$11,500
Office Expenses---$10,999
Insurance---$1,412
Fees for Services Legal---$673
Total Functional Expenses$0$0$0$3,013,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,015,215
Total Expenses per Audited Statements$3,015,215
Total Expenses per Form 990$3,013,519
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-1,696
Other Expense Adjustments$-1,696
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Estimated Claims Liability$166,676
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the board of trustees' chairman and secretary before they sign and file the form 990

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcing compliance with conflict of interest policy - trustees attend meeting on fiduciary responsibilities. The board of trustees functions as a whole; no individual trustee can act alone

Form 990, Part VI, Section C, Line 19

The plan makes available its governing documents, conflict of interest policy, and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Special Metals Corporation Salaried
EIN
20-0367488
Phone
3045250331
Address
9200 US ROUTE 60, ONA, WV 25545

Signing Officer

Name
Roy Smith
Title
President of the Board
Phone
3045250331
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roy Smith
Formed
2003
Legal Domicile
Wv
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Gray Griffith & Mays Ac
Address
707 VIRGINIA STREETEASTSUITE 400, CHARLESTON, WV 25301-2711
Preparer
J Ryan Lindsay
Phone
3043459400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The plan has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

To record the change in benefits incurred but not reported liability -1,696.

Raw XML Appendix347 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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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204123
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0590583
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03673711
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0619585
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03255036
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04331434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04264702
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IRS990ScheduleD/ExpensesSubtotalAmt03015215
IRS990ScheduleD/NetUnrealizedGainsInvstAmt047849
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-1696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0166676
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ESTIMATED CLAIMS LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt047849
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03633104
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO RECORD THE CHANGE IN BENEFITS INCURRED BUT NOT REPORTED LIABILITY -1,696.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalExpensesPerForm990Amt03013519
IRS990ScheduleD/TotalLiabilityAmt0166676
IRS990ScheduleD/TotalRevenuePerForm990Amt03633104
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03015215
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES' CHAIRMAN AND SECRETARY BEFORE THEY SIGN AND FILE THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICY - TRUSTEES ATTEND MEETING ON FIDUCIARY RESPONSIBILITIES. THE BOARD OF TRUSTEES FUNCTIONS AS A WHOLE; NO INDIVIDUAL TRUSTEE CAN ACT ALONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt07764048
IRS990/TotalAssetsGrp/BOYAmt07122440
IRS990/TotalAssetsGrp/EOYAmt07764048
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03013519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0256114
IRS990/TotalLiabilitiesEOYAmt0230288
IRS990/TotalLiabilitiesGrp/BOYAmt0256114
IRS990/TotalLiabilitiesGrp/EOYAmt0230288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06866326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07533760
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02672794
IRS990/TotalProgramServiceRevenueAmt03255036
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0378068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03255036
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03633104
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07122440
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07764048
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0160 WILLOUGHBY AVENUE
IRS990/USAddress/CityNm0HUNTINGTON
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025705
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROY SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum03045250331
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPECIAL METALS CORPORATION SALARIED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RETIREES WELFARE PLAN
ReturnHeader/Filer/BusinessNameControlTxt0SPEC
ReturnHeader/Filer/EIN0200367488
ReturnHeader/Filer/PhoneNum03045250331
ReturnHeader/Filer/USAddress/AddressLine1Txt09200 US ROUTE 60
ReturnHeader/Filer/USAddress/CityNm0ONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025545
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550621482
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAY GRIFFITH & MAYS AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0707 VIRGINIA STREETEASTSUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0253012711
ReturnHeader/PreparerPersonGrp/PhoneNum03043459400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J RYAN LINDSAY
ReturnHeader/ReturnTs02025-05-09T07:45:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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