Tricore Laboratory Services Corporation
87% goes to programs
Tricore Laboratory Services Corporation is a 501(c)(3) organization based in Albuquerque, New Mexico, registered in 2005, with $128,128,783 in FY2024 revenue. CharityIndex grades it B+, and it directs about 87% of spending to programs.
1001 Woodward Pl Ne, Albuquerque, NM, 87102 EIN 20-1358178 Since 2005
Revenue (FY2024)
$128.1M
▲ 4.2% vs prior year
Health median: $840K
Expenses (FY2024)
$128.1M
Net assets
$13.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Laboratory Services Corporation: 87% to programs earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 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 Laboratory Services Corporation: 1 mo reserves · +0% margin earns a C+ 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 Laboratory Services Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Laboratory Services Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization was organized and is operated as a cooperative hospital service organization.
Contact & location
- Address
- 1001 Woodward Pl Ne, Albuquerque, NM, 87102
- City
- Albuquerque
- State
- New Mexico
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $75.6M (FY2013) to $128.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.3MNet assets $13.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$23.7M
Total liabilities
$10.3M
Net assets
$13.4M
Salaries & benefits
$62.8M
49% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $128,128,783▲4.2% | $128,128,783▲4.2% | $13,436,915 | $23,698,049▼2.9% | 990 |
| 2023 | $122,938,121▼6.3% | $122,938,121▼6.3% | $13,436,915 | $24,397,024▼8.4% | 990 |
| 2022 | $131,169,772▲10.6% | $131,169,772▲10.6% | $13,436,915 | $26,648,666▲46.0% | 990 |
| 2021 | $118,588,499▲9.9% | $118,588,499▲9.9% | $13,436,915 | $18,254,406▲6.6% | 990 |
| 2020 | $107,893,488▲13.7% | $107,893,492▲14.9% | $13,436,915 | $17,118,635▲12.7% | 990 |
| 2019 | $94,883,745▲5.4% | $93,942,123▲6.4% | $13,436,919▲7.5% | $15,184,252▲3.4% | 990 |
| 2018 | $90,029,799▲0.9% | $88,264,028▲0.9% | $12,495,297▲16.5% | $14,680,693▲0.4% | 990 |
| 2017 | $89,228,853▲6.0% | $87,487,196▲3.9% | $10,729,526▲19.4% | $14,621,727▲6.1% | 990 |
| 2016 | $84,207,828▲5.5% | $84,207,828▲3.7% | $8,987,869 | $13,777,874▲16.2% | 990 |
| 2015 | $79,791,403▲4.8% | $81,170,199▲4.5% | $8,987,871▼13.3% | $11,853,379▲0.3% | 990 |
| 2014 | $76,148,951▲0.8% | $77,688,982▲0.4% | $10,366,667▼12.9% | $11,814,458▼14.0% | 990 |
| 2013 | $75,564,003 | $77,402,701▲4.2% | $11,906,698▼13.4% | $13,730,531▼8.8% | 990 |
| 2012 | — | $74,294,244▲5.7% | $13,745,396 | $15,047,175▲0.2% | 990 |
| 2011 | — | $70,316,861▼0.3% | $13,745,396▲12.6% | $15,023,000▲11.0% | 990 |
| 2010 | — | $70,502,431 | $12,208,192 | $13,532,305 | 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 | 22 | — |
| Bonnie White | Board Member | 1 | — |
| Brad Cook | Board Chair | 1 | — |
| Chris Spencer | Board Member (thru 7/2/24) | 1 | — |
| Christopher Michalski | Chief People Officer | 22 | — |
| David Grenache | Chief Scientific Officer | 22 | — |
| Ella Watt | Chief Financial Officer | 22 | — |
| Eric Carbonneau | Chief Operating Officer | 22 | — |
| Hongyan Xie | Scientific Director Cytogenetics | 17 | — |
| Jason Mitchell Md | Board Member | 1 | — |
| Jill Klar | Board Member | 1 | — |
| Karissa Mccall Culbreath | Chief Medical Director | 26 | — |
| Kathryn Fort | Operations Controller | 22 | — |
| Kimberly Stueber | Exec Dir., Information Technology | 22 | — |
| 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 | — |
| Robin Divine | Chief Executive Officer | 22 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Triage LLC | Staffing Agency | $2,781,586 |
| Pathology Associates of Albuquerque | Pathology Consultants | $1,360,655 |
| Unm Medical Group Inc | Pathology Consultants | $937,197 |
| Conexus Medstaff LLC | Staffing Agency | $467,196 |
| Qualivis LLC | Staffing Agency | $313,717 |
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Frequently asked questions
- Is Tricore Laboratory Services Corporation a legitimate nonprofit?
- Yes. Tricore Laboratory Services Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1358178, based in Albuquerque, New Mexico. Donations are tax-deductible.
- What is Tricore Laboratory Services Corporation's EIN?
- Tricore Laboratory Services Corporation's Employer Identification Number (EIN) is 20-1358178.
- How much revenue does Tricore Laboratory Services Corporation report?
- Tricore Laboratory Services Corporation reported $128,128,783 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Tricore Laboratory Services Corporation's spending goes to programs?
- Tricore Laboratory Services Corporation spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Tricore Laboratory Services Corporation have?
- CharityIndex grades Tricore Laboratory Services Corporation B+, based on program efficiency and fundraising cost.
- How much does Tricore Laboratory Services Corporation's highest-paid employee make?
- The highest reported compensation on Tricore Laboratory Services Corporation's latest Form 990 is $0, paid to Alexei Bakhirev Md (Board Member).
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Data for Tricore Laboratory Services Corporation (EIN 20-1358178) 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.