Blue Channel Therapy

What it reported doing in 2025

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 Efficiency

• Mission deployment rate: 84.4%; rating input score 84
• Program expense ratio: 93.2%; rating input score 93
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 9.4%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 0.13; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

• Program expense growth: 47.5% per year; rating input score 100; 96th percentile among comparable filings
• Revenue growth: 54.7% per year; rating input score 100; 98th percentile among comparable filings
• Asset growth: 66.6% per year; rating input score 100; 98th percentile among comparable filings