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ADAMS ELECTRIC COOPERATIVE INC

EIN 23-0329885 GETTYSBURG, PA

Revenue 2025
$91,057,639
Expenses 2025
$91,824,166

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
Classification
4000
Street
1338 BIGLERVILLE RD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

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

  • THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF ADAMS ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 48,873,761 BENEFITS PAID TO MEMBERS 9,398,328 SALARIES AND WAGES 8,943,096

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Steven Rasmussen

    CEO / GM

    Total calculated
    $776,593
    From this org
    $608,318
    From related orgs
    $13,000
    Other
    $155,275
    Hours/week
    50 + 6 related

    Schedule J breakdown matched by us

    Base
    $545,106 + $13,000 related
    Bonus
    $23,500
    Other
    $39,712
    Deferred
    $138,364
    Nontaxable benefits
    $16,911
    Filer's total
    $763,593 + $13,000 related
  • Mike Feathers

    MANAGER OPER

    Total calculated
    $360,739
    From this org
    $229,932
    From related orgs
    $0
    Other
    $130,807
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $203,343
    Bonus
    $2,000
    Other
    $24,589
    Deferred
    $100,416
    Nontaxable benefits
    $30,391
    Filer's total
    $360,739
  • James Chiaruttini

    MGR LEGAL SE

    Total calculated
    $314,188
    From this org
    $238,627
    From related orgs
    $0
    Other
    $75,561
    Hours/week
    60 + 1 related

    Schedule J breakdown matched by us

    Base
    $214,147
    Bonus
    not reported
    Other
    $24,480
    Deferred
    $60,476
    Nontaxable benefits
    $15,085
    Filer's total
    $314,188
  • Jeffery Turner

    MGR ENG/MECH

    Total calculated
    $310,167
    From this org
    $230,503
    From related orgs
    $0
    Other
    $79,664
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,564
    Bonus
    not reported
    Other
    $29,939
    Deferred
    $50,547
    Nontaxable benefits
    $29,117
    Filer's total
    $310,167
  • Brian Shearer

    SENR. STAFF

    Total calculated
    $292,759
    From this org
    $179,984
    From related orgs
    $0
    Other
    $112,775
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $152,885
    Bonus
    not reported
    Other
    $27,099
    Deferred
    $82,875
    Nontaxable benefits
    $29,900
    Filer's total
    $292,759
  • Lisa Willet

    MGR HR

    Total calculated
    $291,183
    From this org
    $213,440
    From related orgs
    $0
    Other
    $77,743
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,856
    Bonus
    not reported
    Other
    $20,584
    Deferred
    $42,074
    Nontaxable benefits
    $35,669
    Filer's total
    $291,183
  • Michael Johnson

    MANAGER SAFE

    Total calculated
    $282,376
    From this org
    $206,871
    From related orgs
    $0
    Other
    $75,505
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,798
    Bonus
    not reported
    Other
    $20,073
    Deferred
    $46,533
    Nontaxable benefits
    $28,972
    Filer's total
    $282,376
  • Dale E Myers

    PRESIDENT

    Total calculated
    $39,750
    From this org
    $28,750
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    11 + 3 related
  • Glenn E Bange

    SECRETARY

    Total calculated
    $37,600
    From this org
    $21,100
    From related orgs
    $13,000
    Other
    $3,500
    Hours/week
    11 + 3 related
  • Thomas J Knaub

    TREASURER

    Total calculated
    $34,550
    From this org
    $23,550
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    11 + 2 related
  • S Eugene Herritt

    DIRECTOR

    Total calculated
    $33,100
    From this org
    $22,100
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    9 + 3 related
  • David A Frey

    VICE PRESIDE

    Total calculated
    $24,975
    From this org
    $14,250
    From related orgs
    $0
    Other
    $10,725
    Hours/week
    11
  • Nadine M Hubner

    DIRECTOR

    Total calculated
    $23,800
    From this org
    $23,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    9
  • Ray Schwartz

    DIRECTOR

    Total calculated
    $21,850
    From this org
    $21,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    9
  • Jay Herman

    DIRECTOR

    Total calculated
    $21,100
    From this org
    $21,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    9
  • William French

    DIRECTOR

    Total calculated
    $19,225
    From this org
    $19,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $91,057,639
    Expenses
    $91,824,166
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $78,385,681
    Expenses
    $79,616,838
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $72,052,590
    Expenses
    $75,140,826
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $70,869,610
    Expenses
    $74,893,746
    Assets (EOY)
    $218,291,432
  • 2020 · 990

    Revenue
    $68,157,465
    Expenses
    $70,955,366
    Assets (EOY)
    $206,362,808
  • 2019 · 990

    Revenue
    $69,108,645
    Expenses
    $69,303,949
    Assets (EOY)
    $196,165,383
  • 2018 · 990

    Revenue
    $70,465,427
    Expenses
    $69,918,583
    Assets (EOY)
    $187,911,099
  • 2017 · 990

    Revenue
    $64,850,387
    Expenses
    $65,294,559
    Assets (EOY)
    $178,663,047
  • 2016 · 990

    Revenue
    $67,214,027
    Expenses
    $66,512,534
    Assets (EOY)
    $169,591,198
  • 2015 · 990

    Revenue
    $65,299,466
    Expenses
    $64,624,197
    Assets (EOY)
    $155,619,424
  • 2014 · 990

    Revenue
    $63,922,636
    Expenses
    $64,062,131
    Assets (EOY)
    $145,092,295
  • 2013 · 990

    Revenue
    $62,971,840
    Expenses
    $62,275,780
    Assets (EOY)
    $141,956,322
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $57,458,494
    Assets (EOY)
    $132,506,503

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2025 return

  • ADAMS UTILITY SERVICES COMPANY

    HOLDING CO · PA · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.