The Thacher School Inc

EIN: 951642398 501(c)(3) Education

Ojai, CA

Total Revenue
$39,272,711
Total Expenses
$40,695,000
Total Assets
$306,622,266
Net Assets
$283,003,472
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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
CA
Principal Officer
Jeff Hooper
Phone
8056403200
Tax Period
2023-07-01 to 2024-06-30

The Thacher School Inc, founded in 1924, is a mid-sized nonprofit in the Education sector that reported $39.3M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Net assets of $283.0M represent 86 months of operating reserves.

Mission

The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life.

Program Service Accomplishments

Program 1
Expenses: $29,475,782 Revenue: $18,758,210

Regular Education Program: The philosophy of The Thacher School is rooted in the wisdom and work of its founder, Sherman Day Thacher, who embraced the extraordinary natural venue of his school and...

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Regular Education Program: The philosophy of The Thacher School is rooted in the wisdom and work of its founder, Sherman Day Thacher, who embraced the extraordinary natural venue of his school and sought above all else to train his students in the art of living for their own greatest good and for the good of their fellow citizens. He believed the most worthwhile education combined a vigorous academic life with rugged outdoor activities that engendered self-reliance, concern for others, and fidelity to four principles: honor, fairness, kindness, and truth. The Thacher School recently unveiled a newly transformed Observatory and with the expertise of staff will facilitate educational pathways in astronomy, computer science, robotics and engineering.

Program 2
Expenses: $164,422

Sierra Wilderness Program: Golden Trout Camp is an integral part of the wilderness and leadership training at Thacher. The program provides educational experience in health, wellness and wilderness...

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Sierra Wilderness Program: Golden Trout Camp is an integral part of the wilderness and leadership training at Thacher. The program provides educational experience in health, wellness and wilderness training for disadvantaged youth during the summer months. Additionally, GTC offers an educational experience for alumni and friends of The Thacher School. GTC is a throwback to an earlier time in the Sierra when hunting and fishing camps were common in the high country. Located at 10,200 feet, just south of one of the highest peaks in California, the camp offers access to one of the world's wildest ecosystems.

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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 $16,042,363
Program Service Revenue $18,758,210
Investment Income $4,347,231
Other Revenue $124,907
TOTAL REVENUE $39,272,711

Expense Breakdown

Grants Paid $4,667,023
Salaries & Benefits $15,995,188
Fundraising Expenses $3,449,833
Program Expenses $29,640,204
Other Expenses $20,032,789
TOTAL EXPENSES $40,695,000

Year-over-Year Comparison

2023 2022 Change
Revenue $39,272,711 $22,614,948 +0.7%
Expenses $40,695,000 $39,788,695 +0.0%
Net Income $-1,422,289 $-17,173,747 -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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Governance

Voting Members
24
Independent Members
23
Employees
250
Volunteers
150

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
7
$1,000,959
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Hooper Head of School 60.00
Officer
$444,230 $155,418 $599,648
Jeff Berndt Director of Advancement 40.00
$451,105 $144,088 $595,193
James Poulsen DFO/Asst Treas 60.00
Officer
$321,288 $80,023 $401,311
Sara Billings Dir of Develop 40.00
$217,105 $154,442 $371,547
Bill McMahon Director of Admissions 40.00
$239,598 $74,668 $314,266
Justin Arnold Dir People Oper 40.00
$274,431 $31,454 $305,885
Tracy Miller Assist HOS 40.00
$183,813 $75,285 $259,098
Carly Rodriquez Dir Communications 40.00
$161,291 $88,392 $249,683
William Bennett Dir of Facilities 40.00
$171,236 $67,449 $238,685
Daniel Sonenshine Board Chair 10.00
Officer Director
$0 $0 $0
Laura James Vice Chair 10.00
Officer Director
$0 $0 $0
Janet Richardson Vice Chair 10.00
Officer Director
$0 $0 $0
Catalina Saenz Secretary 10.00
Officer Director
$0 $0 $0
Blake Grayson Treasurer 2.00
Officer Director
$0 $0 $0
Scott Brittingham Trustee 2.00
Director
$0 $0 $0
Jose Estrada Parent Chair 2.00
Director
$0 $0 $0
Mike Galgon Parent Chair 2.00
Director
$0 $0 $0
Jenn Gudebski Trustee 2.00
Director
$0 $0 $0
Jay Gudebski Trustee 2.00
Director
$0 $0 $0
Newlin Hastings Trustee 2.00
Director
$0 $0 $0
Stephanie Lynch Trustee 2.00
Director
$0 $0 $0
Gretchen Milligan Trustee 2.00
Director
$0 $0 $0
Peter Munzig Trustee 2.00
Director
$0 $0 $0
Awele Okigbo Trustee 2.00
Director
$0 $0 $0
Anna Ortiz-Morfit Trustee 2.00
Director
$0 $0 $0
Max Reniers Trustee 2.00
Director
$0 $0 $0
Mark Robinson Trustee 2.00
Director
$0 $0 $0
Brian Smallwood Trustee 2.00
Director
$0 $0 $0
Meriem Soliman Trustee 2.00
Director
$0 $0 $0
Dermond Thomas Trustee 2.00
Director
$0 $0 $0
Alexandria Van Helden Trustee 2.00
Director
$0 $0 $0
John Wagner Trustee 2.00
Director
$0 $0 $0
Stefanie Warren Trustee 2.00
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 $39,272,711 $40,695,000 $306,622,266 $-1,422,289
2023 $22,614,948 $39,788,695 $297,294,813 $-17,173,747
2022 $49,936,576 $48,527,880 $304,615,654 $1,408,696
2021 $48,102,279 $42,429,572 $342,064,880 $5,672,707
2020 $39,878,266 $33,499,546 $303,628,115 $6,378,720
2019 $46,351,004 $31,751,072 $303,646,391 $14,599,932
2018 $48,656,098 $30,310,757 $300,878,360 $18,345,341
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