Tricore
Tricore reported $68.2 million in revenue and $68.5 million in expenses for calendar year 2024. Of every $100 it spent, $86.90 went to program services, $13.10 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 100.0% of the total. The highest compensation it reported for one person was $509,630 (CHIEF EXECUTIVE OFFICER). Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $69MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $68MInvestment income was negative: −$26,982. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 100.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $509,630 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePublic health: tricore, inc. Contributes to the betterment of public health in new mexico in several ways:- more expedient testing: tricore inc. Provides diagnostic testing services across most of new mexico, and is able to test more than 98% of the specimens it receives at its facilities, unlike other laboratories in new mexico. Tricore provides same-day or early-next-day results to physicians, so that therapies and treatments may begin immediately for new mexico patients. Due to the volume of testing, tricore can provide esoteric testing that is not feasible for other labs to provide. This…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 14.00 hrs/week | $0 | $466,042 | $43,588 | $509,630 |
| CHIEF SCIENTIFIC OFFICER Officer, 14.00 hrs/week | $0 | $308,536 | $31,074 | $339,610 |
| CHIEF FINANCIAL OFFICER Officer, 14.00 hrs/week | $0 | $302,813 | $17,328 | $320,141 |
| CHIEF OPERATING OFFICER Officer, 14.00 hrs/week | $0 | $282,620 | $32,907 | $315,527 |
| CHIEF PEOPLE OFFICER Officer, 14.00 hrs/week | $0 | $277,124 | $14,394 | $291,518 |
| CHIEF MEDICAL OFFICER Officer, 14.00 hrs/week | $0 | $266,753 | $12,738 | $279,491 |
| CHIEF PEOPLE OFFICER (THRU 7/26/23) Former, 0.00 hrs/week | $0 | $253,846 | $0 | $253,846 |
| EXEC. DIR., BUSINESS DEV & EXP Highest compensated employee, 27.00 hrs/week | $0 | $227,607 | $21,351 | $248,958 |
0 people received more than $100,000 in reportable compensation from Tricore (Part VII, line 2). Compensation of current officers, directors and key employees totaled $749K (Part IX, line 5).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 68
Correct a figure or respond
Every number above is copied from Tricore's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Tricore, you can publish a response that is linked from this page.
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Of every $100 Tricore spent in 2024, $86.90 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Tricore's spending goes to programs?
In calendar year 2024, Tricore reported that 86.9% of its $68.5 million in expenses went to program services, 13.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Tricore pay its top executive?
The largest total compensation Tricore reported for one person in calendar year 2024 was $509,630, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Tricore get its money?
Of $68.2 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 100.0% from program service revenue (Form 990, Part VIII).
Is Tricore a registered charity?
The IRS lists EIN 84-3909066 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503149349301510 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433139349302483 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343059349302719 · read the filing
All filings for EIN 84-3909066: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.