While the Valley Children’s spending on many employee salaries grew in the past year, the compensation of its top executives shrank, according to a recently released tax form.
The Madera County nonprofit spent about $409 million on salaries in the reporting year that ended on Sept. 30, 2024, according to the most recent federal nonprofit tax filings. That’s an increase of almost $40 million, or 10.6%, from the previous year.
The spending on staff salaries was a reflection of the efforts to attract and retain the employee’s needed at a nationally ranked pediatric hospital, according to a statement provided by spokesperson Zara Arboleda…