Blue Channel Therapy

EIN: 861457127 501(c)(3) Mental Health

ARVADA, CO

Total Revenue
$2,027,139
Total Expenses
$1,837,274
Total Assets
$233,008
Net Assets
$229,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CO
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.

Program Service Accomplishments

Program 1
Expenses: $1,711,450 Revenue: $1,912,407

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...

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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.

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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%)

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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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Governance

Voting Members
7
Independent Members
N/A
Employees
27
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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