TRICORE INC (EIN 843909066) - 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

2020

Legal Domicile

Principal Officer

ROBIN DIVINE

Phone

5059388888

Tax Period

2024-01-01 to 2024-12-31

TRICORE INC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $68.2M in total revenue in fiscal year 2024.

Mission

TRICORE, INC. OPERATES MEDICAL REFERENCE AND CLINICAL LABORATORIES IN NEW MEXICO THAT SERVE CHARITABLE AND EDUCATIONAL PURPOSES.

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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 $68,264,248

Investment Income $-26,982

Other Revenue $11,667

TOTAL REVENUE $68,248,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,398,215

Fundraising Expenses $0

Program Expenses $59,569,291

Other Expenses $39,150,385

TOTAL EXPENSES $68,548,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,248,933	$65,745,760	+0.0%
Expenses	$68,548,600	$67,294,846	+0.0%
Net Income	$-299,667	$-1,549,086	-0.8%

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	14.00	Officer	$0	$43,588	$509,630
ERIC CARBONNEAU	CHIEF OPERATING OFFICER	14.00	Officer	$0	$32,907	$315,527
ELLA WATT	CHIEF FINANCIAL OFFICER	14.00	Officer	$0	$17,328	$320,141
DAVID GRENACHE	CHIEF SCIENTIFIC OFFICER	14.00	Officer	$0	$31,074	$339,610
ANGELA SANCHEZ MD	CHIEF MEDICAL OFFICER	14.00	Officer	$0	$12,738	$279,491
CHRISTOPHER MICHALSKI	CHIEF PEOPLE OFFICER	14.00	Officer	$0	$14,394	$291,518
KATHRYN FORT	OPERATIONS CONTROLLER	12.00	Highest	$0	$6,943	$225,100
HONGYAN XIE	SCIENTIFIC DIRECTOR CYTOGENICS	20.00	Highest	$0	$21,720	$244,726
ELIZABETH BAILEY	CHIEF OF STAFF	27.00	Highest	$0	$30,863	$226,287
HENRY LATNER III	EXEC. DIR., BUSINESS DEV & EXP	27.00	Highest	$0	$21,351	$248,958
KIMBERLY STUEBER	EXEC. DIR., INFORMATION TECHNOLOGY	12.00	Highest	$0	$8,956	$237,057
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	$68,248,933	$68,548,600	$24,503,452	$-299,667
2023	$65,745,760	$67,294,846	$27,246,343	$-1,549,086
2022	$47,135,454	$32,690,391	$31,719,888	$14,445,063

TRICORE INC