Special Metals Corporation Hourly Retiree Benefits Tr
Special Metals Retiree Benefits Trust consistently grows assets with zero executive compensation.
EIN: 200508764 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
Is Special Metals Corporation Hourly Retiree Benefits Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Special Metals Corporation Hourly Retiree Benefits Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Special Metals Corporation Hourly Retiree Benefits Tr
Special Metals Corporation Hourly Retiree Benefits Tr (EIN: 200508764) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $55.1M and total assets of $142.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Special Metals Corporation Hourly Retiree Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Special Metals Corporation Hourly Retiree Benefits Tr is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$5.3M |
| Total Assets | $124.9M |
| Total Liabilities | $75K |
| Net Assets | $124.8M |
| Operating Margin | 57.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 385.4 months |
Financial Health Grade: A
In 2023, Special Metals Corporation Hourly Retiree Benefits Tr reported a surplus of $5.3M with revenue exceeding expenses, holds 385.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Special Metals Corporation Hourly Retiree Benefits Tr's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.6% | +22.6% | +3.1% |
| 2022 | -22.9% | +1.3% | -13.6% |
| 2021 | -4.7% | -3.4% | +9.4% |
| 2020 | +114.6% | +21.8% | +11.2% |
| 2019 | -48.5% | -25.8% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Special Metals Corporation Hourly Retiree Benefits Tr with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Special Metals Corporation Hourly Retiree Benefits Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly unusual for an organization of its size with assets exceeding $140 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Special Metals Corporation Hourly Retiree Benefits Tr:
- Zero executive compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Consistent asset growth, from $89,617,956 in 201511 to $141,983,791 currently, demonstrating strong financial management.
- Healthy surplus of revenue over expenses in most periods (e.g., $9.1M revenue vs. $3.8M expenses in 202311), contributing to financial stability.
- Low liabilities relative to assets, suggesting a strong balance sheet and financial security.
- Consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Special Metals Corporation Hourly Retiree Benefits Tr
Is Special Metals Corporation Hourly Retiree Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Special Metals Corporation Hourly Retiree Benefits Tr (EIN: 200508764) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Special Metals Corporation Hourly Retiree Benefits Tr spend its money?
Special Metals Corporation Hourly Retiree Benefits Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Special Metals Corporation Hourly Retiree Benefits Tr tax-deductible?
Special Metals Corporation Hourly Retiree Benefits Tr is registered as a tax-exempt nonprofit (EIN: 200508764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Special Metals Corporation Hourly Retiree Benefits Tr a good charity?
Based on the available IRS 990 data, the organization appears to be a very well-managed and efficient trust. It consistently reports zero executive compensation, maintains a healthy surplus of revenue over expenses, and has steadily grown its assets to over $141 million, all of which are positive indicators for a benefits-focused entity.
How does this organization manage its administrative costs?
While specific line-item breakdowns for administrative costs are not provided in this summary, the consistent reporting of zero officer compensation strongly suggests that administrative overhead related to executive salaries is non-existent. The overall expense ratio relative to revenue is also favorable, implying efficient management of operational costs.
What is the primary use of the organization's revenue?
As a retiree benefits trust (NTEE Y43), the primary use of revenue is to fund and secure future and current retiree benefits. The consistent surplus of revenue over expenses, such as $9,167,833 revenue vs. $3,889,676 expenses in 202311, indicates that a significant portion is retained and invested to grow the trust's assets for long-term benefit provision.
Filing History
IRS 990 filing history for Special Metals Corporation Hourly Retiree Benefits Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Special Metals Corporation Hourly Retiree Benefits Tr's revenue has grown by 189.7%, moving from $3.2M to $9.2M. Total assets increased by 73.2% over the same period, from $72.1M to $124.9M. Total functional expenses rose by 13.1%, from $3.4M to $3.9M. In its most recent filing year (2023), Special Metals Corporation Hourly Retiree Benefits Tr reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $75K in liabilities against $124.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $124.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $3.9M | $124.9M | $75K | — | — |
| 2022 | $6.1M | $3.2M | $121.1M | $57K | — | View 990 |
| 2021 | $7.9M | $3.1M | $140.3M | $126K | — | View 990 |
| 2020 | $8.3M | $3.2M | $128.2M | $62K | — | — |
| 2019 | $3.9M | $2.7M | $115.3M | $112K | — | View 990 |
| 2018 | $7.5M | $3.6M | $103.7M | $82K | — | View 990 |
| 2017 | $4.9M | $3.7M | $102.1M | $212K | — | View 990 |
| 2016 | $4.1M | $3.5M | $91.4M | $97K | — | View 990 |
| 2015 | $4.4M | $3.7M | $89.6M | $84K | — | View 990 |
| 2014 | $3.8M | $3.5M | $90.1M | $87K | — | View 990 |
| 2013 | $3.6M | $3.4M | $84.8M | $76K | — | View 990 |
| 2012 | $3.7M | $3.1M | $77.7M | $98K | — | View 990 |
| 2011 | $3.2M | $3.4M | $72.1M | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $3.9M, and assets of $124.9M (revenue +50.6% year-over-year).
- 2022: Revenue of $6.1M, expenses of $3.2M, and assets of $121.1M (revenue -22.9% year-over-year).
- 2021: Revenue of $7.9M, expenses of $3.1M, and assets of $140.3M (revenue -4.7% year-over-year).
- 2020: Revenue of $8.3M, expenses of $3.2M, and assets of $128.2M (revenue +114.6% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.7M, and assets of $115.3M (revenue -48.5% year-over-year).
- 2018: Revenue of $7.5M, expenses of $3.6M, and assets of $103.7M (revenue +51.5% year-over-year).
- 2017: Revenue of $4.9M, expenses of $3.7M, and assets of $102.1M (revenue +21.4% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.5M, and assets of $91.4M (revenue -7.2% year-over-year).
- 2015: Revenue of $4.4M, expenses of $3.7M, and assets of $89.6M (revenue +15.4% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.5M, and assets of $90.1M (revenue +6.6% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.4M, and assets of $84.8M (revenue -4.0% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.1M, and assets of $77.7M (revenue +17.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.4M, and assets of $72.1M.
Data Sources and Methodology
This transparency report for Special Metals Corporation Hourly Retiree Benefits Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.