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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 2020. Filed on October 7, 2021.

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 2020 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 80 total employees. Among the employees shown here, the average compensation is $323,953. The highest compensated employee at Adams Electric Cooperative Inc. is Steven Rasmussen with fiscal year 2020 compensation of $590,289.

Revenue, expenses, and employee compensation

Revenue

$68,157,465

Expenses

$70,955,366

Employee compensation

$11,532,285
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Rasmussen
Chief Executive Officer and General Manager
$590,289
$460,966 $11,428 $117,895
Lynn Wallas
Manager FINA
$369,035
$224,670 No related comp$144,365
Mike Feathers
Manager OPER
$323,311
$195,434 No related comp$127,877
James Chiaruttini
Legal/Corp M
$253,855
$183,634 $11,567 $58,654
Lisa Willet
Manager HR
$245,142
$167,387 No related comp$77,755
George Taughinbaugh
Facilities Manager
$243,269
$167,295 No related comp$75,974
Jeffery Turner
MGR Eng/Mech
$242,769
$170,377 No related comp$72,392

Benchmark Employee Compensation

Non-Employee Board Members

Glenn E Bange
President
$34,534
$5,450 $11,334 $17,750
Thomas J Knaub
Treasurer
$30,047
$19,950 $10,097 No other comp
Jay E Grove
Secretary
$28,775
$18,850 $9,925 No other comp
S Eugene Herritt
Director
$27,702
$17,050 $10,652 No other comp
Nadine M Hubner
Vice President
$21,100
$21,100 No related compNo other comp
Jay Herman
Director
$18,450
$18,450 No related compNo other comp
Dale Myers
Director
$18,400
$9,219 No related comp$9,181
Ray Schwartz
Director
$17,650
$17,650 No related compNo other comp
Daniel E Eisenhart
Former Secretary
$7,575
$7,575 No related compNo other comp

Contractors

Penn Line Service Inc
Tree Trimming
$2,136,131
Quality Lines Inc.
Construction. Contract
$1,807,382
Asplundh Tree Expert
Tree Trimming
$1,563,943
John R Wyles Inc.
Line Construction
$859,412
Traffic Control Services LLC
Flaggers
$632,180

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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