We investigate the arithmetic and combinatorial significance of the values of the polynomials jn(x) defined by the q-expansion \[\sum_{n=0}^{\infty}j_n(x)q^n:=\frac{E_4(z)^2E_6(z)}{\Delta(z)}\cdot\frac{1}{j(z)-x}.\]
They allow us to provide an explicit description of the action of the Ramanujan Theta-operator on modular forms. There are a substantial number of consequences for this result. We obtain recursive formulas for coefficients of modular forms, formulas for the infinite product exponents of modular forms, and new p-adic class number formulas.