Dear Horatio,
Hope you're well. I'm not an air-conditioning expert: far from it.
If the compressor is operating, the compressor pulley's faceplate turns rapidly, because the clutch is engaged. If compressor pulley's faceplate is not turning - even though the belt turns the pulley itself - then the clutch is not engaged and the compressor is not working.
At the risk of laboring the obvious, make sure the right-hand button on the control unit is "out", i.e., is not flush with the control unit's front surface. The '95 940 climate control unit is set-up differently from those used on earlier models.
On the '95, pushing the "snowflake" button (on the right, as you face the control unit) - so that the button's face is flush with the control unit's front surface - means that the air conditioning is "on". On earlier models, when the right-hand button is flush with the control unit's front surface, the air conditioning is "off". The earlier arrangement was counter-intuitive: generally, to activate a device, a button is pressed, not "released".
I seem to recall a post, suggesting that disconnecting the wiring harness to the low-pressure cut-off at the accumulator, will cut power to the compressor. The accumulator is an aluminum "can", with refrigerant pipes running to/from. It is on the left (passenger) side of the engine bay (North American models), near the firewall. I do not know if cutting the power supply to the low-pressure cut-off will have other impacts.
Perhaps one of the Board's air-conditioning experts can confirm or correct my suggestions.
Hope this helps.
Yours faithfully,
Spook
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