ARVADA, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
We served 433 additional new clients in 2025 and experienced steady financial growth largely due to the enhanced Medicaid reimbursement rates associated with becoming an Essential Safety Net Provider...
We served 433 additional new clients in 2025 and experienced steady financial growth largely due to the enhanced Medicaid reimbursement rates associated with becoming an Essential Safety Net Provider ESNP. This designation not only strengthened our financial position but also enhanced the level of services we are able to provide to our clients and the community. As a result we began building financial reserves and creating a stronger safety net for the organization. We also implemented a Saturday work differential and expanded our team by adding a Spanish-speaking supervisor and an administrative assistant. We are currently halfway toward our reserve goal. In addition we recruited new board members bringing our total to seven. The board established key committees including Marketing Fundraising Strategic Planning and Research. We also onboarded a new volunteer and fundraising coordinator to support continued growth and community engagement. At the end of the States fiscal year in July 2025 the State announced the discontinuation of the enhanced ESNP Medicaid rates. This resulted in a reduction of Medicaid income by 33% with one Regional Accountable Entity RAE and 14% with another. In response we partnered with Colorado Collective Solutions to add Kaiser as a payor. These adjustments generated sufficient revenue to stabilize our budget without reducing staff pay or benefits. The dedication flexibility and hard work of BCT staff during this time were exceptional. We also partnered with the Latinx Therapist Project to increase pay and provide additional support for our Spanish-speaking staff and interns at the Northglenn office. We successfully completed our FFTA grant which funded First Play groups in the community and provided training for many of our staff to work with infants and toddlers. We continued developing our strategic plan with plans to roll it out in 2026. Finally the end of 2025 brought exciting news with the approval from the Institutional Review Board IRB for our EMDR and Childrens program evaluation and research project.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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