Tricore Laboratory Services Corporation
- Assets
- $26.6m
- Revenue
- $131.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2005
- Data as of
- 12/2022
- 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 12/2022, Tricore Laboratory Services Corporation generated $131.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $131.2m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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
2022
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 |
|---|---|---|---|
Jill Klar Board Chair | Trustee | 1 | $0 |
Bonnie White Board Vice Chair | Trustee | 1 | $0 |
Chris Spencer Finance Committee Chair | Trustee | 1 | $0 |
Nancy Joste MD Board Member | Trustee | 1 | $0 |
Dale Maxwell Board Member | Trustee | 1 | $0 |
Alexei Bakhirev MD Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triage Llc Staffing Agency | 12/30/22 | $5,659,669 |
Pathology Associates Of Albuquerque Pathology Consultants | 12/30/22 | $1,289,172 |
Unm Medical Group Inc Pathology Consultants | 12/30/22 | $915,402 |
Soliant Health Llc Staffing Agency | 12/30/22 | $116,317 |
Healthcare Connections Inc Staffing Agency | 12/30/22 | $108,235 |
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 | $131,180,332 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,169,772 |
| 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. | $1,376,772 |
| Compensation of current officers, directors, key employees. | $1,376,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,439,679 |
| Pension plan accruals and contributions | $1,468,366 |
| Other employee benefits | $8,713,993 |
| Payroll taxes | $3,626,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,975 |
| Fees for services: Accounting | $102,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,051,536 |
| Advertising and promotion | $88,170 |
| Office expenses | $2,521,284 |
| Information technology | $8,288,359 |
| Royalties | $0 |
| Occupancy | $1,762,324 |
| Travel | $147,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,098,984 |
| Insurance | $308,785 |
| All other expenses | $140,175 |
| Total functional expenses | $131,169,772 |
| 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 | $2,782,891 |
| Net Land, buildings, and equipment | $3,711,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,154,504 |
| Total assets | $26,648,666 |
| Accounts payable and accrued expenses | $4,174,086 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,037,665 |
| Total liabilities | $13,211,751 |
| 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 | $26,648,666 |