SCHOOL PROFILE · FREE PREVIEW
SCHOOL PROFILE · FREE PREVIEW
The Thacher School
Ojai, CA · Independent K-12NAIS MEMBER
THE READ · FREE SUMMARY
The Thacher School looks stable. The school holds 7.0 years of operating cushion, typical for a residential school of this scale. Revenue is unusually diversified at 48% tuition-dependent (peer median 81%), with the endowment and gifts carrying real weight. Staff compensation runs 39% of expenses, well below the peer median, worth understanding why. Three-year net-asset trend is negative (-3.6%/yr), indicating reserve drawdown. NACUBO Composite Financial Index: 3.8 / 10, adequate — monitor.
The Thacher School runs only 48% tuition-dependent — unusually diversified for an independent school. Endowment payout and contributions carry meaningful weight in the operating budget.
The Thacher School reported $39.3M in revenue against $40.7M in expenses in fiscal year 2023, the most recent filing on record. Net assets stood at $283.0M — about 6.95x annual operating expense.
Operating margin landed at -3.6%, with 47.8% of revenue coming from tuition. Among same-size peers, that puts The Thacher School at the p13 on operating margin.
$39.3M
REVENUE FY2023
-3.6%
OP MARGIN
20
PEERS RESOLVED
IRS FORM 990 · DATA THROUGH FY2023
THE FULL REPORT
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Ten panels on The Thacher School: financial health, peer comparison, community demographics, paying & giving capacity, competitive position, enrollment demand, leadership compensation, governance — and the questions to ask. One subscription opens every school.
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WHERE THIS SCHOOL SITS · REVENUE SCALE VS PEERS
Among 20 similar peer schools, The Thacher School ranks 15th by latest 990 revenue.
Revenue scale
WHAT’S IN THE REPORT
- Financials — IRS Form 990, up to nine years on file.
- Enrollment & demand — IRS 990 tuition revenue + U.S. Census county births.
- Competition — NCES private (PSS) + public (CCD) school inventory.
- Demographics — U.S. Census Bureau, ACS 5-year estimates.
- Local economy — U.S. Bureau of Labor Statistics, QCEW and CES.
- Peer set — 1,620 independent schools with verified financials.
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