Tricore Laboratory Services Corporation
- Assets
- $18.3m
- Revenue
- $118.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-1358178
Organization Overview
Tricore Laboratory Services Corporation is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tricore Laboratory Services Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tricore Laboratory Services Corporation generated $118.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $118.6m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS ORGANIZED AND IS OPERATED AS A COOPERATIVE HOSPITAL SERVICE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PERFORMS LABORATORY SERVICES EXCLUSIVELY FOR ITS MEMBERS, EACH OF WHOM IS A HOSPITAL DESCRIBED IN SECTION 501(E)(1)(B) OF THE INTERNAL REVENUE CODE, AND FOR NO ONE ELSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Clark MD Chief Medical Officer (thru August 2021) | Officer | 21 | $0 |
Michael Crossey MD Chief Executive Officer (thru July 2021) | Officer | 21 | $0 |
David Grenache Chief Scientific Officer | Officer | 21 | $0 |
Nicholas Dayan Chief Admin Officer | Officer | 21 | $0 |
Robin Divine Interim Chief Executive Officer | Officer | 21 | $0 |
Ella Watt Chief Financial Officer | Officer | 21 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pathology Associates Of Albuquerque Pathology Services | 12/30/21 | $1,313,072 |
Unm Medical Group Inc Pathology Services | 12/30/21 | $907,499 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $118,588,499 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,588,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,243,451 |
| Compensation of current officers, directors, key employees. | $1,243,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,255,813 |
| Pension plan accruals and contributions | $1,528,768 |
| Other employee benefits | $6,667,015 |
| Payroll taxes | $3,345,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,505 |
| Fees for services: Accounting | $108,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,568,247 |
| Advertising and promotion | $1,955 |
| Office expenses | $2,558,698 |
| Information technology | $8,408,869 |
| Royalties | $0 |
| Occupancy | $1,662,585 |
| Travel | $83,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,307,319 |
| Insurance | $264,477 |
| All other expenses | $290,759 |
| Total functional expenses | $118,588,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,149,852 |
| Net Land, buildings, and equipment | $3,315,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,789,337 |
| Total assets | $18,254,406 |
| Accounts payable and accrued expenses | $2,824,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $108,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,884,028 |
| Total liabilities | $4,817,491 |
| Net assets without donor restrictions | $13,436,915 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,254,406 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tricore Laboratory Services Corporation has recieved totaling $6,371.
| Awarding Organization | Amount |
|---|---|
New Mexico Coalition Of Sexual Assault Programs Albuquerque, NM PURPOSE: program support | $6,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Texas Community Health Centers Austin, TX | $65,663,850 | $149,435,488 |
Oneshare Health Llc Irving, TX | $14,120,682 | $124,717,803 |
Tricore Laboratory Services Corporation Albuquerque, NM | $18,254,406 | $118,588,499 |
Shannon Medical Management San Angelo, TX | $1,382,032 | $79,162,048 |
Tarrant Safety Net Support Corporation Arlington, TX | $4,348,601 | $75,814,900 |
C2c Innovative Solutions Inc Austin, TX | $42,788,543 | $38,806,145 |
Healthinsight Management Corp Group Filing Salt Lake City, UT | $8,178,076 | $32,975,372 |
Sun Health Services Sun City West, AZ | $226,573,617 | $23,867,494 |
Nextfifty Initiative Denver, CO | $264,860,664 | $19,564,011 |
Physician Associates Of Southwest Dallas Dallas, TX | $2,716,484 | $11,709,219 |
Methodist Patient Centered Aco Dallas, TX | $1,181,995 | $6,532,302 |
Cook Childrens Health Enterprises Fort Worth, TX | $6,566,964 | $6,620,654 |