Civic Intelligence

Special Metals Corporation Iam Retiree Veba Trust

EIN 20-6095388 • 501(c)9 • New Hartford, NY

Profile

To provide iam retirees with health insurance.

4317 Middle Settlement RdNew Hartford, NY 13413

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE Y • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE Y • $500k-$1M nonprofits • Source year 2024

Net Margin

73rd percentile

29%

Higher net margin than 73% of similar nonprofits.

NTEE Y • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

NTEE Y • $500k-$1M nonprofits • Source year 2024

Asset Growth

88th percentile

32%

Faster asset growth than 88% of similar nonprofits.

NTEE Y • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

NTEE Y • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$569,105

Up $139,299 (+32%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$569,105

Up $139,299 (+32%) from 2023

Revenue

Down

$488,583

Down $78,111 (-14%) from 2023

Expenses

Down

$349,284

Down $179,982 (-34%) from 2023

Net Income

Up

$139,299

Up $101,871 (+272%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $52,944Liabilities 2010: $0Net Assets 2010: $52,9442010Assets 2011: $23,775Liabilities 2011: $0Net Assets 2011: $23,7752011Assets 2012: $873Liabilities 2012: $0Net Assets 2012: $8732012Assets 2013: $31,954Liabilities 2013: $0Net Assets 2013: $31,9542013Assets 2014: $29,115Liabilities 2014: $0Net Assets 2014: $29,1152014Assets 2015: $100,344Liabilities 2015: $0Net Assets 2015: $100,3442015Assets 2016: $165,306Liabilities 2016: $0Net Assets 2016: $165,3062016Assets 2017: $192,162Liabilities 2017: $0Net Assets 2017: $192,1622017Assets 2018: $246,918Liabilities 2018: $0Net Assets 2018: $246,9182018Assets 2019: $218,501Liabilities 2019: $0Net Assets 2019: $218,5012019Assets 2020: $277,808Liabilities 2020: $0Net Assets 2020: $277,8082020Assets 2021: $542,217Liabilities 2021: $0Net Assets 2021: $542,2172021Assets 2022: $392,378Liabilities 2022: $0Net Assets 2022: $392,3782022Assets 2023: $429,806Liabilities 2023: $0Net Assets 2023: $429,8062023Assets 2024: $569,105Liabilities 2024: $0Net Assets 2024: $569,1052024

Highlighted filing

2024

Assets$569,105
Liabilities$0
Net Assets$569,105

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $680,2302010Revenue 2011: $584,232Expenses 2011: $613,401Net Income 2011: -$29,1692011Expenses 2012: $748,3692012Revenue 2013: $567,878Expenses 2013: $536,797Net Income 2013: $31,0812013Revenue 2014: $599,550Expenses 2014: $602,389Net Income 2014: -$2,8392014Revenue 2015: $710,206Expenses 2015: $638,977Net Income 2015: $71,2292015Revenue 2016: $685,550Expenses 2016: $620,588Net Income 2016: $64,9622016Revenue 2017: $646,948Expenses 2017: $620,092Net Income 2017: $26,8562017Revenue 2018: $661,162Expenses 2018: $606,406Net Income 2018: $54,7562018Revenue 2019: $598,412Expenses 2019: $626,829Net Income 2019: -$28,4172019Revenue 2020: $664,107Expenses 2020: $604,800Net Income 2020: $59,3072020Revenue 2021: $854,589Expenses 2021: $590,180Net Income 2021: $264,4092021Revenue 2022: $379,745Expenses 2022: $529,584Net Income 2022: -$149,8392022Revenue 2023: $566,694Expenses 2023: $529,266Net Income 2023: $37,4282023Revenue 2024: $488,583Expenses 2024: $349,284Net Income 2024: $139,2992024

Highlighted filing

2024

Revenue$488,583
Expenses$349,284
Net Income$139,299

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$0.00$5.69$4.89$3.49$1.39
2023Summary only. Only limited summary data is available for this year.$4.30$0.00$4.30$5.67$5.29$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.00$3.92$3.80$5.30$1.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$0.00$5.42$8.55$5.90$2.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.00$2.78$6.64$6.05$0.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.00$2.19$5.98$6.27$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.00$2.47$6.61$6.06$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.00$1.92$6.47$6.20$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.00$1.65$6.86$6.21$0.65
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$7.10$6.39$0.71
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$6.00$6.02$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$5.68$5.37$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$7.48
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$5.84$6.13$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$6.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$488,583
Mission and Program Overview

Mission

To provide iam retirees with health insurance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$429,806$569,105▲ $139,299
Total Assets$429,806$569,105▲ $139,299
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$429,806$569,105▲ $139,299
Total Net Assets Fund Balance$429,806$569,105▲ $139,299
Total Liabilities and Net Assets / Fund Balance$429,806$569,105▲ $139,299
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ben BungertUnion Trustee, Chairman
Aaron LaventureUnion Trustee
Dan ZoecklerUnion Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$487,358
Investment Income
$1,225
Other Revenue
$0
Change in Net Assets
$139,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,120
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---$347,164
Office Expenses---$1,100
Fees for Services Accounting---$1,020
Total Functional Expenses$0$0$0$349,284
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The organization is currently in the process of developing review processes and procedures

Form 990, Part VI, Section A, Line 8B

The organization is currently in the process of developing review processes and procedures

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

The organization is currently in the process of developing review processes and procedures.

Form 990, Part VI, Section C, Line 19

Available to membership and general public upon request

Filing and Contact Details

Filer

Filer Name
Special Metals Corporation Iam
EIN
20-6095388
Phone
3157982085
Address
4317 MIDDLE SETTLEMENT RD, NEW HARTFORD, NY 13413

Signing Officer

Name
Ben Bungert
Title
Chairman
Phone
3157982085
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Bungert
Formed
2004
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Dermody Burke & Brown Cpas LLC
Address
443 N FRANKLIN ST STE 100, SYRACUSE, NY 13204-1441
Preparer
Lori a Ciarla CPA
Phone
3154719171
Raw XML Appendix243 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE IAM RETIREES WITH HEALTH INSURANCE.
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0347164
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BEN BUNGERT
IRS990/BooksInCareOfDetail/PhoneNum03157982085
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04317 MIDDLE SETTLEMENT RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW HARTFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013413
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0347164
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01225
IRS990/CYOtherExpensesAmt02120
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0487358
IRS990/CYRevenuesLessExpensesAmt0139299
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0349284
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0488583
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0EXPENSES INCURRED TO PROVIDE HEALTH INSURANCE COVERAGE TO IAM RETIREES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt01020
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0BEN BUNGERT
IRS990/Form990PartVIISectionAGrp/PersonNm1DAN ZOECKLER
IRS990/Form990PartVIISectionAGrp/PersonNm2AARON LAVENTURE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0UNION TRUSTEE, CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1UNION TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2UNION TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0488583
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01225
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01225
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0TO PROVIDE IAM RETIREES WITH HEALTH INSURANCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0429806
IRS990/NetAssetsOrFundBalancesEOYAmt0569105
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0429806
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0569105
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt01100
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BEN BUNGERT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PARTICIPANT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0487358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0487358
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0527966
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0499
IRS990/PYOtherExpensesAmt01300
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0566195
IRS990/PYRevenuesLessExpensesAmt037428
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0529266
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0566694
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0139299
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0429806
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0569105
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF DEVELOPING REVIEW PROCESSES AND PROCEDURES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF DEVELOPING REVIEW PROCESSES AND PROCEDURES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF DEVELOPING REVIEW PROCESSES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE TO MEMBERSHIP AND GENERAL PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990/SchoolOperatingInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN BUNGERT
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ReturnHeader/BusinessOfficerGrp/PhoneNum03157982085
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RETIREE VEBA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0SPEC
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ReturnHeader/Filer/PhoneNum03157982085
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI A CIARLA CPA
ReturnHeader/ReturnTs02025-11-17T11:50:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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