Overview
What is Tricore Laboratory Services Corp?
Tricore Laboratory Services Corp is a cooperative hospital service organization based in Albuquerque, New Mexico. Specifically, it is a nonprofit corporation that provides laboratory services exclusively for its members, which are all hospitals described under Section 501(E)(1)(B) of the Internal Revenue Code. In simpler terms, Tricore offers lab services to hospitals and no one else. Established and operated as such, the organization performs a vital role in the healthcare sector.
Official website here: www.tricore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
Tricore Laboratory Services Corp has received an impressive Four-Star rating from Charity Navigator, reflecting a strong level of accountability and financial health. The score is based entirely on their accountability and finance practices, which stands at 96%. This rating signifies that the organization adheres to best practices in governance and financial operations, thereby ensuring trustworthiness in their management.
The organization is particularly noted for having a fully independent board, which enhances its governance and decision-making processes. With eight independent members, they score the maximum points in this category. Additionally, their financial oversight is robust, evidenced by their full scores in areas such as audit and oversight committee performance, conflict of interest policy, and material diversion of assets.
While the organization excels in financial accountability and governance, the summary does not provide specific information on their programmatic impact or operational effectiveness. Potential donors and stakeholders might seek further details on the effectiveness of their programs and the overall outcomes of their services to gain a complete understanding of their mission's success.
This AI summary has been generated from information found on Charity Navigator.
Is Tricore Laboratory Services Corp legitimate?
Tricore Laboratory Services Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tricore Laboratory Services Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,376,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,439,679
For more financial information, click here
Official website here: www.tricore.org
What is the mission statement of Tricore Laboratory Services Corp?
Tricore Laboratory Services Corp is a cooperative hospital service organization that focuses on performing laboratory services. The organization exclusively caters to hospitals described under Section 501(E)(1)(B) of the Internal Revenue Code as its members. It does not offer its services to anyone outside of this group. The mission of Tricore Laboratory Services Corp lies in delivering laboratory services to its member hospitals.
Official website here: www.tricore.org
Who is the CEO of Tricore Laboratory Services Corp?
Robin Divine is the Board Chair of Tricore Laboratory Services Corp. The CEO's salary of Tricore Laboratory Services Corp is $0 and their total compensation is $485,359.
Official website here: www.tricore.org
What is the revenue of Tricore Laboratory Services Corp?
Tricore Laboratory Services Corp's revenue in 2022 was $131,169,772.
Official website here: www.tricore.org
Who are the executives of Tricore Laboratory Services Corp and what are their salaries?
There 8 volunteers at Tricore Laboratory Services Corp.
Here are 21 key members and their salaries (Tricore Laboratory Services Corp's CEO's salary is $0 and their total compensation is $485,359):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $454,303
- Other: $31,056
- Compensation: $0
- Related: $358,689
- Other: $16,626
- Compensation: $0
- Related: $197,027
- Other: $19,041
- Compensation: $0
- Related: $276,736
- Other: $27,718
- Compensation: $0
- Related: $344,586
- Other: $14,641
- Compensation: $0
- Related: $350,998
- Other: $26,983
- Compensation: $0
- Related: $287,292
- Other: $9,149
- Compensation: $0
- Related: $220,775
- Other: $16,357
- Compensation: $0
- Related: $229,480
- Other: $10,258
- Compensation: $0
- Related: $203,450
- Other: $12,701
- Compensation: $0
- Related: $188,655
- Other: $18,784
- Compensation: $0
- Related: $189,108
- Other: $22,255
Official website here: www.tricore.org
Where can I find the form 990 for Tricore Laboratory Services Corp?
Tricore Laboratory Services Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tricore.org
Learn more at the official website: www.tricore.org
Mission Statement of Tricore Laboratory Services Corp
Tricore Laboratory Services Corp, a cooperative hospital service organization, carries out a unique mission in the healthcare sector. This nonprofit entity specializes in performing laboratory services exclusively for its members, each of whom is identified as a hospital described under Section 501(E)(1)(B) of the Internal Revenue Code. In simpler terms, Tricore Laboratory Services Corp caters to the laboratory needs of hospitals, providing essential diagnostic services that aid in the effective treatment and care of patients. The organization's focus on serving hospitals ensures that it stays committed to contributing to the larger healthcare ecosystem, ultimately benefiting the communities they serve. By limiting its clientele to hospitals, Tricore Laboratory Services Corp ensures a high level of expertise and specialization in its offerings, making it an indispensable partner for its members in delivering quality patient care.
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Impact
October, 2024
Tricore Laboratory Services Corp significantly enhances the healthcare landscape in Albuquerque, New Mexico, by providing specialized laboratory services exclusively for its member hospitals. This cooperative hospital service organization focuses on improving patient care through high-quality diagnostic testing and services. By centralizing laboratory operations for its members, Tricore helps to ensure efficient and accurate medical testing, which is crucial for timely diagnosis and treatment.
The impact of Tricore extends beyond individual hospitals; it fosters collaboration among healthcare institutions, leading to more streamlined and effective healthcare delivery. By serving only designated member hospitals, Tricore maintains a specialized focus that enhances service quality and meets the specific needs of its members. Overall, Tricore Laboratory Services plays a vital role in supporting the healthcare community's infrastructure and improving health outcomes in the region.
This information is meant to be a general summary of Tricore Laboratory Services Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$10,560
- Program Service Revenue: $131,180,332
- Gross Receipts: $131,180,332
Assets and Liabilities:
- Total Assets: $26,648,666
- Total Liabilities: $13,211,751
- Net Assets: $13,436,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES, NET OF DISCOUNTS
Revenue
$131,180,332
Organization Details
Founding Year
2004
Phone
(505) 938-8888Principal Officer
Robin Divine
Main Address
1001 WOODWARD PLACE NE, ALBUQUERQUE, NM, 87102
Website
www.tricore.orgNTEE Category
Code: E192 - Health
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