Tricore Inc
87% goes to programs
Tricore Inc is a 501(c)(3) organization based in Albuquerque, New Mexico, registered in 2020, with $68,248,933 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
1001 Woodward Pl Ne, Albuquerque, NM, 87102 EIN 84-3909066 Since 2020
Revenue (FY2024)
$68.2M
▲ 3.8% vs prior year
Health median: $840K
Expenses (FY2024)
$68.5M
Net assets
$12.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Tricore Inc: 87% to programs earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tricore Inc: 2 mo reserves · -0% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Tricore Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tricore Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Tricore, inc. operates medical reference and clinical laboratories in new mexico that serve charitable and educational purposes.
What they do
Education: tricore, inc. trains a wide array of students in new mexico, from high school students to post-doctorate fellows. all students above high school meet specific requirements for their programs through their training at tricore. new mexico colleges and universities do not offer these clinical rotations, so students have to come to tricore to complete their programs. tricore receives no fees for this training. the sheer volume of samples tested at tricore only serves to enhance the educational programs at tricore. students receive more exposure to a wider range of pathologies and diseases because of the amount of testing done at tricore. following are among the training programs provided by tricore:- high school level: the high school dual-credit program (20 to 40 students per year at 30 hours per student) introduces medical lab sciences to high school students and is a pre-requisite to phlebotomy and medical lab technician programs at a local community college. also, tricore offers job shadowing for 20 albuquerque public school students per year.- phlebotomy program - tricore trains more than 250 phlebotomy students per year from nine state community colleges and universities in new mexico. the students spend 100 hours each at tricore for their clinical requirements.- medical lab technician program - tricore trains 18 to 22 students from community college and university programs. the students spend 384 hours each at tricore.- medical lab scientist program - tricore trains about 30 students a year in mls programs from several universities. students spend 450 to 720 hours at tricore.- graduate and post-doctoral programs - tricore provides several programs for about 25 graduate and post-doctoral students from the university of new mexico, including the hematopathology fellowship program; the transfusion medicine fellowship program; the molecular genetics fellowship program; the cytopathology fellowship program; and the pathology resident clinical rotations in transfusion medicine, cytology, anatomic pathology, clinical chemistry, toxology, immunology, hematopathology, coagulation, infectious disease, molecular diagnostics, informatics, sample management, and client engagement (aka the hot seat). all of these programs support the accreditation council for graduate medical education training requirements for pathology residents and fellows. - pharmacy programs - tricore trains up to 10 student pharmacists per year from the university of new mexico doctor of pharmacy program for their advanced pharmacy practice experience elective rotation. the students spend 16 hours each at tricore, and the program fulfills the pharm.d experiential training requirements by the board of pharmacy.
Contact & location
- Address
- 1001 Woodward Pl Ne, Albuquerque, NM, 87102
- City
- Albuquerque
- State
- New Mexico
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $47.1M (FY2022) to $68.2M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.9MNet assets $12.6M
Operating margin
-0.4%
Spent more than it raised in the latest fiscal year.
Total assets
$24.5M
Total liabilities
$11.9M
Net assets
$12.6M
Salaries & benefits
$29.4M
43% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $68,248,933▲3.8% | $68,548,600▲1.9% | $12,596,310▼2.3% | $24,503,452▼10.1% | 990 |
| 2023 | $65,745,760▲39.5% | $67,294,846▲106% | $12,895,977▼10.7% | $27,246,343▼14.1% | 990 |
| 2022 | $47,135,454 | $32,690,391 | $14,445,063 | $31,719,888 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alexei Bakhirev Md | Board Member | 1 | — |
| Angela Sanchez Md | Chief Medical Officer | 14 | — |
| Bonnie White | Board Member | 1 | — |
| Brad Cook | Board Chair | 1 | — |
| Chris Spencer | Board Member (thru 7/2/24) | 1 | — |
| Christopher Michalski | Chief People Officer | 14 | — |
| David Grenache | Chief Scientific Officer | 14 | — |
| Elizabeth Bailey | Chief of Staff | 27 | — |
| Ella Watt | Chief Financial Officer | 14 | — |
| Eric Carbonneau | Chief Operating Officer | 14 | — |
| Henry Latner III | Exec. Dir., Business Dev & Exp | 27 | — |
| Hongyan Xie | Scientific Director Cytogenics | 20 | — |
| Jason Mitchell Md | Board Member | 1 | — |
| Jill Klar | Board Member | 1 | — |
| Kathryn Fort | Operations Controller | 12 | — |
| Kimberly Stueber | Exec. Dir., Information Technology | 12 | — |
| Lauren Madigan | Board Member | 1 | — |
| Michael Richards Md | Board Member | 1 | — |
| Nancy Joste Md | Board Member | 1 | — |
| Nicholas Dayan | Chief People Officer (thru 7/26/23) | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Unm Medical Group Inc | Pathology Consultants | $1,276,841 |
| Pathology Associates of Albuquerque | Pathology Consultants | $865,331 |
| Triage LLC | Staffing Agency | $539,982 |
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Frequently asked questions
- Is Tricore Inc a legitimate nonprofit?
- Yes. Tricore Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-3909066, based in Albuquerque, New Mexico. Donations are tax-deductible.
- What is Tricore Inc's EIN?
- Tricore Inc's Employer Identification Number (EIN) is 84-3909066.
- How much revenue does Tricore Inc report?
- Tricore Inc reported $68,248,933 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Tricore Inc's spending goes to programs?
- Tricore Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Tricore Inc have?
- CharityIndex grades Tricore Inc A, based on program efficiency and fundraising cost.
- How much does Tricore Inc's highest-paid employee make?
- The highest reported compensation on Tricore Inc's latest Form 990 is $0, paid to Alexei Bakhirev Md (Board Member).
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Data for Tricore Inc (EIN 84-3909066) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.