TriCore Reference Laboratories
Legal name: Tricore Laboratory Services Corp
Nonprofit profile at a glance
- EIN
- 201358178
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, United States
- Phone
- 505-938-8922
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $128,128,783
- Expenses
- $128,128,783
- Assets
- $23,698,049
- Liabilities
- $10,261,134
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- ROBIN DIVINE (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ROBIN DIVINE (CHIEF EXECUTIVE OFFICER): $509,630 total reported compensation
- DAVID GRENACHE (CHIEF SCIENTIFIC OFFICER): $339,610 total reported compensation
- ELLA WATT (CHIEF FINANCIAL OFFICER): $320,141 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
TriCore improves the health of its communities through excellence in laboratory science, education, and research. Kris Rudd provides strategic financial leadership to TriCore, overseeing the organization’s accounting, finance, supply chain, and revenue operations. With extensive experience in healthcare, he drives financial strategy, optimizes performance, and supports sustainable growth. A licensed Certified Public Accountant, Kris has held key financial roles across the provider and payor sides of the healthcare sector since 2017, and is known for a data-driven approach and collaborative leadership style. Passionate about aligning financial strategy with TriCore’s mission, he ensures long-term value for the organization. Kris earned both a Master’s and Bachelor’s degree in Accounting from Brigham Youn.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.2%; rating input score 87
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 87.2% of revenue deployed · 87.2% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $111.8M in reported program spending
- Leadership: top reported pay $510K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.9M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.