THE LEARNING CENTER HOUSE OF CONNECTIONS

EIN: 363575412 501(c)(3)

Chicago, IL

Total Revenue
$271,045
Total Expenses
$306,756
Total Assets
$366,825
Net Assets
$361,162
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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
1980
Legal Domicile
IL
Principal Officer
Angelica Saucedo
Phone
7732773111
Tax Period
2024-07-01 to 2025-06-30

THE LEARNING CENTER HOUSE OF CONNECTIONS, founded in 1980, is a small nonprofit that reported $271K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 13% operating deficit.

Mission

We support adults in their pursuit of an educational path to more confident and effective living. We believe adults can learn, have a right to a quality education, and that education is liberating. Our classes are free of charge.

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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 (2024)

Revenue Breakdown

Contributions & Grants $193,852
Program Service Revenue $0
Investment Income $14,134
Other Revenue $63,059
TOTAL REVENUE $271,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,260
Fundraising Expenses $20,444
Program Expenses $199,224
Other Expenses $136,496
TOTAL EXPENSES $306,756

Year-over-Year Comparison

2024 2023 Change
Revenue $271,045 $507,516 -0.5%
Expenses $306,756 $315,994 0.0%
Net Income $-35,711 $191,522 -1.2%
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

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
22

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
4
$0
Total Directors
14
$75,500
Key Employees
1
$75,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angelica Saucedo Executive Director 50
Director Key Emp Highest
$75,500 $0 $75,500
Gay McDonald Director 4
Director
$0 $0 $0
Barbara Carberry Director 4
Director
$0 $0 $0
Delores Smith Director 4
Director
$0 $0 $0
Thomas Vonderhaar Treasurer 4
Officer Director
$0 $0 $0
William Howard Director 4
Director
$0 $0 $0
Anne Gallagher Secretary 4
Officer Director
$0 $0 $0
Anthony Graefe President 4
Officer Director
$0 $0 $0
Mary Ann Tuerk Director 4
Director
$0 $0 $0
Rosa Isela Rodriguez Director 4
Director
$0 $0 $0
Bridget Norton Director 4
Director
$0 $0 $0
Marilyn Derr Director 4
Director
$0 $0 $0
Teresa Blomquist Director 4
Director
$0 $0 $0
Robert Tuerk Vice President 4
Officer 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 $271,045 $306,756 $366,825 $-35,711
2024 $507,516 $315,994 $402,820 $191,522
2023 $253,698 $273,537 $211,307 $-19,839
2022 $244,596 $256,385 $230,500 $-11,789
2021 $266,566 $210,499 $244,967 $56,067
2020 $219,407 $201,448 $199,976 $17,959
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