Blue Channel Therapy (EIN 861457127) - 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

2021

Legal Domicile

Principal Officer

Lisa Workman

Phone

7202957548

Tax Period

2025-01-01 to 2025-12-31

Blue Channel Therapy, founded in 2021, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 9% surplus.

Mission

The mission of Blue Channel Therapy is to improve the quality of life for children young adults and families through affordable high-quality mental therapy provided by therapists and interns in eye movement desensitization reprocessing EMDR therapy.

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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 (2025)

Revenue Breakdown

Contributions & Grants $113,682

Program Service Revenue $1,910,027

Investment Income $2,380

Other Revenue $1,050

TOTAL REVENUE $2,027,139

Expense Breakdown

Grants Paid $960

Salaries & Benefits $1,550,972

Fundraising Expenses $0

Program Expenses $1,711,450

Other Expenses $285,342

TOTAL EXPENSES $1,837,274

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,027,139	$1,456,711	+0.4%
Expenses	$1,837,274	$1,471,245	+0.2%
Net Income	$189,865	$-14,534	-14.1%

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

N/A

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Workman MSN RN CCRN	President	2.00	Officer	$0	$0	$0
Jennifer Lee BS	Treasurer	0.50	Officer	$0	$0	$0
Allison Becker MSW	VPSecretary	0.50	Officer	$0	$0	$0
Suzanne Delap PhD EdS	Member at Large	0.50	Director	$0	$0	$0
Bethany Frakes MSW LCSW	Member at Large	0.50	Director	$0	$0	$0
Mandi Gutierrez MS	Member at Large	0.50	Director	$0	$0	$0
Rachel Johnson BS	Member at Large	0.50	Director	$0	$0	$0

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
2025	$2,027,139	$1,837,274	$233,008	$189,865
2024	No data	No data	No data	No data
2023	$940,009	$898,703	$61,409	$41,306
2022	$322,127	$328,554	$25,084	$-6,427

Blue Channel Therapy