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ADAMS ELECTRIC COOPERATIVE INC

EIN: 23-0329885Gettysburg, PAZIP: 173251055

501(c)(12)

Mission

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

Financials

Year	Revenue	Expenses	Assets
2024	$83.5M	$0	$256.3M
2023	$78.4M	$0	$244M

Compensation

2024

STEVEN RASMUSSEN

chief executive officer

$504,337

$19,500

$66,981

$721,200

MIKE FEATHERS

highest compensated employee

$195,580

$1,500

$21,066

$339,043

JEFFERY TURNER

highest compensated employee

$191,334

$0

$26,492

$288,680

JAMES CHIARUTTINI

highest compensated employee

$201,288

$0

$22,059

$287,359

CHAD THOMAN

highest compensated employee

$187,432

$0

$35,535

$270,449

LISA WILLET

highest compensated employee

$184,967

$0

$14,816

$269,061

MICHAEL JOHNSON

officer (unspecified)

$178,004

$0

$16,502

$259,563

GLENN E BANGE

chief executive officer

$0

$0

$0

$30,900

DALE E MYERS

officer (unspecified)

$0

$0

$0

$27,725

NADINE M HUBNER

officer (unspecified)

$0

$0

$0

$27,050

THOMAS J KNAUB

officer (unspecified)

$0

$0

$0

$25,200

DAVID A FREY

$0

$0

$0

$24,300

JAY HERMAN

$0

$0

$0

$22,750

S EUGENE HERRITT

$0

$0

$0

$21,250

RAY SCHWARTZ

$0

$0

$0

$19,825

JAY E GROVE

$0

$0

$0

$9,025

WILLIAM FRENCH

$0

$0

$0

$7,150

2023

STEVEN RASMUSSEN

chief executive officer

$472,293

$19,500

$28,698

$653,616

MIKE FEATHERS

highest compensated employee

$186,989

$9,300

$22,609

$344,166

JEFFERY TURNER

highest compensated employee

$183,387

$7,000

$21,751

$285,172

JAMES CHIARUTTINI

highest compensated employee

$188,222

$0

$23,000

$273,652

CHAD THOMAN

highest compensated employee

$180,067

$10,200

$33,497

$272,451

GORMAN GUY

highest compensated employee

$134,398

$6,900

$34,005

$267,642

MICHAEL JOHNSON

officer (unspecified)

$166,836

$0

$20,059

$243,355

GLENN E BANGE

chief executive officer

$0

$0

$0

$27,800

DALE E MYERS

officer (unspecified)

$0

$0

$0

$25,413

THOMAS J KNAUB

officer (unspecified)

$0

$0

$0

$24,975

NADINE M HUBNER

officer (unspecified)

$0

$0

$0

$24,775

DAVID A FREY

$0

$0

$0

$21,600

RAY SCHWARTZ

$0

$0

$0

$21,400

JAY HERMAN

$0

$0

$0

$21,000

S EUGENE HERRITT

$0

$0

$0

$19,975

JAY E GROVE

$0

$0

$0

$19,175

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Learn more

Data from IRS Form 990 filings (2023-2024).