Santa Clara City Library Foundation and Friends

EIN: 912125234 501(c)(3) Education

Santa Clara, CA

Total Revenue
$246,620
Total Expenses
$341,806
Total Assets
$487,539
Net Assets
$473,646
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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
2001
Legal Domicile
CA
Principal Officer
JoAnn Davis
Phone
4086152936
Tax Period
2023-07-01 to 2024-06-30

Santa Clara City Library Foundation and Friends, founded in 2001, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $342K exceeded revenue, resulting in a 39% operating deficit.

Mission

The Santa Clara City Library Foundation & Friends is a nonprofit organization dedicated to supplementing public funding to expand and enhance the Library's programs and services.

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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 $159,293
Program Service Revenue $66,174
Investment Income $9,816
Other Revenue $11,337
TOTAL REVENUE $246,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,291
Fundraising Expenses $63,678
Program Expenses $230,919
Other Expenses $189,515
TOTAL EXPENSES $341,806

Year-over-Year Comparison

2023 2022 Change
Revenue $246,620 $201,308 +0.2%
Expenses $341,806 $307,465 +0.1%
Net Income $-95,186 $-106,157 -0.1%
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
9
Independent Members
9
Employees
5
Volunteers
120

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
5
$95,968
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JoAnn Davis Executive Dir. 35.00
Officer
$95,968 $0 $95,968
Steve Ricossa President 8.00
Officer Director
$0 $0 $0
Kathy Betts Vice President 4.00
Officer Director
$0 $0 $0
Ken Young Treasurer 8.00
Officer Director
$0 $0 $0
Nancy Toledo Secretary 4.00
Officer Director
$0 $0 $0
Andrew Knaack Board member 4.00
Director
$0 $0 $0
Kathy Hausler Board member 8.00
Director
$0 $0 $0
Janet Arsenault Board member 4.00
Director
$0 $0 $0
Kate Lin Board Member 4.00
Director
$0 $0 $0
Patty Quan Board member 4.00
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 $246,620 $341,806 $487,539 $-95,186
2023 $201,308 $307,465 $533,755 $-106,157
2022 $324,366 $255,725 $610,763 $68,641
2021 $198,081 $239,964 $647,008 $-41,883
2020 $321,701 $380,552 $634,757 $-58,851
2019 $429,119 $568,894 $680,476 $-139,775
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