TRICORE LABORATORY SERVICES CORP (EIN 201358178) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ROBIN DIVINE

Phone

5059388888

Tax Period

2024-01-01 to 2024-12-31

TRICORE LABORATORY SERVICES CORP, founded in 2004, is a major nonprofit in the Health Care sector that reported $128.1M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS ORGANIZED AND IS OPERATED AS A COOPERATIVE HOSPITAL SERVICE ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $128,130,450

Investment Income $-1,667

Other Revenue $0

TOTAL REVENUE $128,128,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,848,928

Fundraising Expenses $0

Program Expenses $111,753,457

Other Expenses $65,279,855

TOTAL EXPENSES $128,128,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,128,783	$122,938,121	+0.0%
Expenses	$128,128,783	$122,938,121	+0.0%
Net Income	$0	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,055,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD COOK	BOARD CHAIR	1.00	Director	$0	$0	$0
LAUREN MADIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON MITCHELL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXEI BAKHIREV MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RICHARDS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL KLAR	BOARD MEMBER	1.00	Director	$0	$0	$0
BONNIE WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY JOSTE MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS SPENCER	BOARD MEMBER (THRU 7/2/24)	1.00	Director	$0	$0	$0
ROBIN DIVINE	CHIEF EXECUTIVE OFFICER	22.00	Officer	$0	$43,588	$509,630
ERIC CARBONNEAU	CHIEF OPERATING OFFICER	22.00	Officer	$0	$32,907	$315,527
ELLA WATT	CHIEF FINANCIAL OFFICER	22.00	Officer	$0	$17,328	$320,141
DAVID GRENACHE	CHIEF SCIENTIFIC OFFICER	22.00	Officer	$0	$31,074	$339,610
ANGELA SANCHEZ MD	CHIEF MEDICAL OFFICER	22.00	Officer	$0	$12,738	$279,491
CHRISTOPHER MICHALSKI	CHIEF PEOPLE OFFICER	22.00	Officer	$0	$14,394	$291,518
KATHRYN FORT	OPERATIONS CONTROLLER	22.00	Highest	$0	$6,943	$225,100
HONGYAN XIE	SCIENTIFIC DIRECTOR CYTOGENETICS	17.00	Highest	$0	$21,720	$244,726
SAVVAS MERKOURIOU	VP INNOVATION	22.00	Highest	$0	$22,465	$222,053
KIMBERLY STUEBER	EXEC DIR., INFORMATION TECHNOLOGY	22.00	Highest	$0	$8,956	$237,057
KARISSA MCCALL CULBREATH	CHIEF MEDICAL DIRECTOR	26.00	Highest	$0	$10,250	$216,212
NICHOLAS DAYAN	CHIEF PEOPLE OFFICER (THRU 7/26/23)	0.00		$0	$0	$253,846

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$128,128,783	$128,128,783	$23,698,049	No data
2023	$122,938,121	$122,938,121	$24,397,024	No data
2022	$131,169,772	$131,169,772	$26,648,666	No data
2021	$118,588,499	$118,588,499	$18,254,406	No data
2020	$107,893,488	$107,893,492	$17,118,635	$-4
2019	$94,883,745	$93,942,123	$15,184,252	$941,622
2018	$90,029,799	$88,264,028	$14,680,693	$1,765,771

TRICORE LABORATORY SERVICES CORP