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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Employees Adams Electric Cooperative Inc. Steven Rasmussen

Steven Rasmussen

Officer

Chief Executive Officer and General Manager at Adams Electric Cooperative Inc.

Fiscal year ended December 31, 2024. Published on January 25, 2026.

$734,700
2024

Total compensation

Steven Rasmussen has been listed as an employee of Adams Electric Cooperative Inc. in Form 990 filings since at least fiscal year 2016. Total compensation for Steven Rasmussen has increased by 64% from 2016 to 2024.

Annual compensation details

$734,700
+10%
Chief Executive Officer and General Manager
2024
$591k
50 hrs/wk
$14k
6 hrs/wk
$131k
--
$668,116
-0.6%
Chief Executive Officer and General Manager
2023
$521k
50 hrs/wk
$15k
2 hrs/wk
$134k
--
$671,863
+15.2%
Chief Executive Officer and General Manager
2022
$512k
50 hrs/wk
$14k
2 hrs/wk
$147k
--
$583,380
-1.2%
Chief Executive Officer and General Manager
2021
$458k
50 hrs/wk
$13k
2 hrs/wk
$114k
--
$590,289
+15.8%
Chief Executive Officer and General Manager
2020
$461k
50 hrs/wk
$12k
2 hrs/wk
$118k
--
$509,650
+6.8%
Chief Executive Officer and General Manager
2019
$404k
50 hrs/wk
$12k
2 hrs/wk
$95k
--
$477,336
+3.9%
Chief Executive Officer and General Manager
2018
$387k
50 hrs/wk
$10k
2 hrs/wk
$81k
--
$459,382
+2.6%
Chief Executive Officer and General Manager
2017
$361k
50 hrs/wk
$10k
2 hrs/wk
$91k
--
$447,949
Chief Executive Officer and General Manager
2016
$353k
50 hrs/wk
$9k
2 hrs/wk
$87k
--

Total compensation by year

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Revisions to this profile

January 25, 2026:
2024 Adams Electric Cooperative Inc. 990 published
January 25, 2026:
2023 Adams Electric Cooperative Inc. 990 published
January 25, 2026:
2022 Adams Electric Cooperative Inc. 990 published

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2024

Other employees at Adams Electric Cooperative Inc.

Mike Feathers
Manager OPER
$339,043
$218,146 No related comp$120,897
Jeffery Turner
MGR Eng/Mech
$288,680
$217,826 No related comp$70,854
James Chiaruttini
MGR Legal SE
$287,359
$223,347 No related comp$64,012
Chad Thoman
MGR Eng/Elec
$270,449
$222,967 No related comp$47,482
Lisa Willet
MGR HR
$269,061
$199,783 No related comp$69,278
Michael Johnson
Manager SAFE
$259,563
$194,506 No related comp$65,057

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