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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 2018. Filed on November 13, 2019.

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 2018 IRS Form 990 filing, Adams Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 111 total employees. Among the employees shown here, the average compensation is $270,945. The highest compensated employee at Adams Electric Cooperative Inc. is Steven Rasmussen with fiscal year 2018 compensation of $477,336.

Revenue, expenses, and employee compensation

Revenue

$70,465,427

Expenses

$69,918,583

Employee compensation

$11,138,210
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Rasmussen
Chief Executive Officer and General Manager
$477,336
$386,864 $9,750 $80,722
Lynn Wallas
MGR Financ/
$335,012
$203,206 No related comp$131,806
Mike Feathers
Superintendent
$250,680
$164,920 No related comp$85,760
James Siglin
Chief Operating Officer
$233,247
$209,220 No related comp$24,027
Duane Kanagy
Manager
$233,043
$150,332 No related comp$82,711
Richard Redding
Coordinator
$219,992
$152,928 No related comp$67,064
George Taughinbaugh
Manager
$211,497
$147,579 No related comp$63,918
Brian Shearer
Engineer
$206,755
$147,467 No related comp$59,288

Benchmark Employee Compensation

Non-Employee Board Members

Jay E Grove
President
$32,595
$24,445 $8,150 No other comp
Thomas J Knaub
Treasurer
$32,545
$24,395 $8,150 No other comp
Glenn E Bange
Vice President
$30,145
$3,495 $8,150 $18,500
S Eugene Herritt
Director
$29,700
$19,950 $9,750 No other comp
Nadine Hubner
Secretary
$25,270
$25,270 No related compNo other comp
Ray Schwartz
Director
$25,270
$25,270 No related compNo other comp
Daniel Eisenhart
Director
$23,695
$23,695 No related compNo other comp
Thomas R Harbaugh
Director
$17,230
$17,230 No related compNo other comp
Dale Myers
Director
$13,270
$2,630 No related comp$10,640
William E Myers
Director
$3,830
$3,830 No related compNo other comp

Contractors

Penn Line Service Inc
Tree Trimming
$2,439,867
Asplundh Tree Expert
Tree Trimming
$2,225,740
Quality Lines
Construction. Contract
$1,772,496
John R Wyles Inc.
Line Construction
$844,944
Prea
State Support
$485,872

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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