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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 2019. Filed on November 16, 2020.

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 2019 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 83 total employees. Among the employees shown here, the average compensation is $292,588. The highest compensated employee at Adams Electric Cooperative Inc. is Steven Rasmussen with fiscal year 2019 compensation of $509,650.

Revenue, expenses, and employee compensation

Revenue

$69,108,645

Expenses

$69,303,949

Employee compensation

$10,979,937
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Rasmussen
Chief Executive Officer and General Manager
$509,650
$403,036 $11,700 $94,914
Lynn Wallas
MGR Finance
$331,618
$209,396 No related comp$122,222
George Taughinbaugh
Facilities Manager
$313,684
$208,872 No related comp$104,812
Mike Feathers
Manager OPER
$258,577
$167,352 No related comp$91,225
Richard Redding
Coordinator
$224,095
$157,571 No related comp$66,524
James Chiaruttini
Legal/Corp M
$220,965
$166,819 $11,300 $42,846
Kyle Smith
IT Manager
$189,529
$162,753 No related comp$26,776

Benchmark Employee Compensation

Non-Employee Board Members

Glenn E Bange
President
$37,440
$9,540 $8,900 $19,000
Thomas J Knaub
Treasurer
$34,410
$25,510 $8,900 No other comp
Jay E Grove
Director
$34,030
$25,130 $8,900 No other comp
S Eugene Herritt
Director
$31,835
$20,135 $11,700 No other comp
Dale Myers
Director
$27,040
$8,155 No related comp$18,885
Nadine Hubner
Vice President
$25,440
$25,440 No related compNo other comp
Daniel Eisenhart
Secretary
$25,195
$25,195 No related compNo other comp
Ray Schwartz
Director
$24,760
$24,760 No related compNo other comp
Jay Herman
Director
$12,725
$12,725 No related compNo other comp

Contractors

Quality Lines Inc.
Construction. Contract
$2,091,917
Asplundh Tree Expert
Tree Trimming
$1,699,258
Penn Line Service Inc
Tree Trimming
$1,283,859
John R Wyles Inc.
Line Construction
$873,488
Prea
State Support
$496,166

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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