Tricore Laboratory Services Corporation
1001 Woodward Pl NE, Albuquerque, NM · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $128,128,783 | $128,128,783 | $13,436,915 |
| FY2023 | $122,938,121 | $122,938,121 | $13,436,915 |
| FY2022 | $131,169,772 | $131,169,772 | $13,436,915 |
| FY2021 | $118,588,499 | $118,588,499 | $13,436,915 |
| FY2020 | $107,893,488 | $107,893,492 | $13,436,915 |
| FY2019 | $94,883,745 | $93,942,123 | $13,436,919 |
| FY2018 | $90,029,799 | $88,264,028 | $12,495,297 |
| FY2017 | $89,228,853 | $87,487,196 | $10,729,526 |
| FY2016 | $84,207,828 | $84,207,828 | $8,987,869 |
| FY2015 | $79,791,403 | $81,170,199 | $8,987,871 |
| FY2014 | $76,148,951 | $77,688,982 | $10,366,667 |
| FY2013 | $75,564,003 | $77,402,701 | $11,906,698 |
| FY2012 | $74,294,244 | $74,294,244 | $13,745,396 |
| FY2011 | $71,854,065 | $70,316,861 | $13,745,396 |
Form 990 filings
The returns filed by Tricore Laboratory Services Corporation (EIN 20-1358178), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $128,130,450 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $111,753,457 | 87% |
| Management & general | $16,375,326 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 57.7% of 4897 Health Care organizations nationwide (too few in NM for a state comparison).
- Net assets covered about 1.3 months of expenses at the end of the reporting year. That puts it in the 12th percentile among 122 Health Care organizations in NM.
- Total revenue was higher than 96.8% of 125 Health Care organizations in NM.
- Total revenue rose from $71,854,065 in FY2011 to $128,128,783 in FY2024. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2013, FY2014, FY2015, FY2020).
- The highest revenue on record here is $131,169,772 in FY2022.
- Net assets declined from $13,745,396 to $13,436,915 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE ORGANIZATION WAS ORGANIZED AND IS OPERATED AS A COOPERATIVE HOSPITAL SERVICE ORGANIZATION.
IRS status
| Ruling year | 2005 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E192 — Health Care (in NM) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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