The safety retaining wall is a critical infrastructure in ensuring the safety of both rock removal vehicles and personnel. However, factors such as precipitation infiltration, tire impact from rock removal vehicles, and rolling rocks can cause local damage to the safety retaining wall of the dump, rendering it ineffective in preventing rock removal vehicles from rolling down and posing a huge safety hazard. To address these issues, this study proposed a safety retaining wall health assessment method based on modeling and analysis of UAV point-cloud data of the safety retaining wall of a dump, which enables hazard warning for the safety retaining wall. The point-cloud data used in this study were obtained from the Qidashan Iron Mine Dump in Anshan City, Liaoning Province, China. Firstly, the point-cloud data of the dump platform and slope were extracted separately using elevation gradient filtering. Then, the point-cloud data of the unloading rock boundary was obtained via the ordered crisscrossed scanning algorithm. Subsequently, the point-cloud data of the safety retaining wall were extracted using the range constraint algorithm, and surface reconstruction was conducted to construct the Mesh model. The safety retaining wall mesh model was isometrically profiled to extract cross-sectional feature information and to compare the standard parameters of the safety retaining wall. Finally, the health assessment of the safety retaining wall was carried out. This innovative method allows for unmanned and rapid inspection of all areas of the safety retaining wall, ensuring the safety of rock removal vehicles and personnel.