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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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Organizations Adams Electric Cooperative Inc.

Adams Electric Cooperative Inc.

Fiscal year ending 2024. Filed on September 22, 2025.

1338 Biglerville Road
PO Box 280
Gettysburg, Pennsylvania 17325

Adams Electric Cooperative Inc. (EIN: 23-0329885) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Adams Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 78 total employees. Among the employees shown here, the average compensation is $349,836. The highest compensated employee at Adams Electric Cooperative Inc. is Steven Rasmussen with fiscal year 2024 compensation of $734,700.

Revenue, expenses, and employee compensation

Revenue

$83,497,455

Expenses

$86,001,002

Employee compensation

$13,261,240
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Rasmussen
Chief Executive Officer and General Manager
$734,700
$590,818 $13,500 $130,382
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

Benchmark Employee Compensation

Non-Employee Board Members

Glenn E Bange
President
$42,400
$28,900 $11,500 $2,000
Dale E Myers
Secretary
$36,392
$27,725 $8,667 No other comp
Thomas J Knaub
Treasurer
$35,200
$25,200 $10,000 No other comp
S Eugene Herritt
Director
$31,250
$21,250 $10,000 No other comp
Nadine M Hubner
Vice President
$27,050
$27,050 No related compNo other comp
David A Frey
Director
$24,300
$15,950 No related comp$8,350
Jay Herman
Director
$22,750
$22,750 No related compNo other comp
Ray Schwartz
Director
$19,825
$19,825 No related compNo other comp
Jay E Grove
Director
$9,025
$9,025 No related compNo other comp
William French
Director
$7,150
$7,150 No related compNo other comp

Contractors

Asplundh Tree Expert CO
Tree Trimming
$4,793,999
O'connell Electric Company Inc.
Construction. Contract
$1,430,956
Eg Anderson Inc.
Construction. Contract
$1,246,055
Flagger Force LLC
Flaggers
$849,623
Prea
Support
$591,661

Mission Statement

ADAMS ELECTRIC COOPERATIVE PROVIDES SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO OUR MEMBERS

Revisions to this organization profile

September 22, 2025:
2024 Adams Electric Cooperative Inc. 990 filed
September 20, 2024:
2023 Adams Electric Cooperative Inc. 990 filed
October 27, 2023:
2022 Adams Electric Cooperative Inc. 990 filed

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