#320of 1,000 in 2025

Blue Channel Therapy

Location
Arvada, Colorado
Sector
Mental health
Founded
2021
529%Three-year growth, FY2022 to FY2025
$2.0MFY2025 revenue
27Employees, FY2025
#12of 45 in Mental health
#11of 31 in Colorado

Revenue by fiscal year

FY2022: $322,127 $322K FY22 FY2023: $939,998 $940K FY23 FY2024: $1,454,724 $1.5M FY24 FY2025: $2,024,759 $2.0M FY25

Where revenue came from, FY2025

Program revenue
$1.9M · 94%
Government grants
$110K · 5%
Gifts and grants
$4K · 0%
Other revenue
$1K · 0%
Total revenue on the 990
$2,027,139
Investment income
− $2,380
Revenue we count
$2,024,759

What it does

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 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

Leadership

Lisa WorkmanPrincipal officer

EIN 86-1457127 · Full filings on ProPublica

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