FRIENDS OF THE SANTA CLARA COUNTY LAW LIBRARY FOUNDATION

EIN: 770077145 501(c)(3)

SAN JOSE, CA

Total Revenue
$30,119
Total Expenses
$3,080
Total Assets
$485,560
Net Assets
$485,560
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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
1985
Legal Domicile
CA
Principal Officer
STEVEN L HALLGRIMSON
Phone
4082993568
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF THE SANTA CLARA COUNTY LAW LIBRARY FOUNDATION, founded in 1985, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 90% operating margin.

Mission

FOUNDED WITH THE OBJECTIVE TO SUPPORT THE SANTA CLARA COUNTY LAW LIBRARY ACTIVITIES. THE ORGANIZATION HAS DISCUSSED PLANS ON EXPANDING THE FACILITY FOR OUTSIDE USES TO REACH OUT MORE TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $30,119
Other Revenue $0
TOTAL REVENUE $30,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,080
TOTAL EXPENSES $3,080

Year-over-Year Comparison

2023 2022 Change
Revenue $30,119 $194,594 -0.8%
Expenses $3,080 $608 +4.1%
Net Income $27,039 $193,986 -0.9%
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
1
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN L HALLGRIMSON PRESIDENT 0.00
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 No data No data No data No data
2024 $30,119 $3,080 $485,560 $27,039
2023 $194,594 $608 $435,381 $193,986
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