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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 2022. Filed on October 27, 2023.

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 2022 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 82 total employees. Among the employees shown here, the average compensation is $328,478. The highest compensated employee at Adams Electric Cooperative Inc. is Steven Rasmussen with fiscal year 2022 compensation of $671,863.

Revenue, expenses, and employee compensation

Revenue

$72,052,590

Expenses

$75,140,826

Employee compensation

$11,721,934
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Rasmussen
Chief Executive Officer and General Manager
$671,863
$511,763 $13,500 $146,600
Mike Feathers
Manager OPER
$366,156
$202,321 No related comp$163,835
Jeffery Turner
MGR Eng/Mech
$293,724
$192,205 No related comp$101,519
James Chiaruttini
MGR Legal SE
$288,577
$203,280 $9,900 $75,397
Chad Thoman
MGR Eng/Elec
$278,857
$201,303 No related comp$77,554
Kyle Smith
MGR INFO TEC
$264,700
$203,069 No related comp$61,631
Lynn Wallas
Consulting
$243,430
$221,164 No related comp$22,266
Michael Johnson
Manager SAFE
$220,513
$162,225 No related comp$58,288

Benchmark Employee Compensation

Non-Employee Board Members

Glenn E Bange
President
$41,150
$17,198 $12,700 $11,252
Thomas J Knaub
Treasurer
$33,250
$22,850 $10,200 $200
Jay E Grove
Director
$28,225
$20,325 $7,900 No other comp
S Eugene Herritt
Director
$27,700
$17,500 $10,200 No other comp
Dale E Myers
Secretary
$24,900
$11,799 $2,300 $10,801
David A Frey
Director
$22,950
$5,950 No related comp$17,000
Nadine M Hubner
Vice President
$22,400
$22,400 No related compNo other comp
Ray Schwartz
Director
$19,450
$19,450 No related compNo other comp
Jay Herman
Director
$18,838
$18,838 No related compNo other comp

Contractors

Asplundh Tree Expert Inc.
Tree Trimming
$2,575,070
Penn Line Service Inc
Tree Trimming
$1,549,183
O'connell Electric Company Inc.
Construction. Contract
$1,313,153
Eg Anderson Inc.
Construction. Contract
$1,157,742
Traffic Control Services LLC
Flaggers
$843,597

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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