NonprofitsAdams Electric Cooperative Inc

Adams Electric Cooperative Inc

GETTYSBURG, PA

Total revenue

$83.5M

Total expenses

$86.0M

Net assets

$107.6M

Grants received

EIN

230329885

Tax year

2024

Mission

Adams electric cooperative provides safe and effective distribution of electricity to our members

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$81.6M
Investment income$169K
Other revenue$1.7M
Total revenue$83.5M

Expenses

Grants paid
Salaries & benefits$13.3M
Fundraising
Other expenses$62.7M
Total expenses$86.0M
Total assets$256.3M
Net assets$107.6M

People

17 listed

NameRoleCompensation

STEVEN RASMUSSEN

CEO / GM

Board

$591K

50 hrs/wk

MICHAEL JOHNSON

MANAGER SAFE

Board

$195K

50 hrs/wk

GLENN E BANGE

PRESIDENT

Board

$29K

15 hrs/wk

DALE E MYERS

SECRETARY

Board

$28K

11 hrs/wk

NADINE M HUBNER

VICE PRESIDE

Board

$27K

11 hrs/wk

THOMAS J KNAUB

TREASURER

Board

$25K

11 hrs/wk

JAY HERMAN

DIRECTOR

Board

$23K

9 hrs/wk

S EUGENE HERRITT

DIRECTOR

Board

$21K

9 hrs/wk

RAY SCHWARTZ

DIRECTOR

Board

$20K

9 hrs/wk

DAVID A FREY

DIRECTOR

Board

$16K

9 hrs/wk

JAY E GROVE

DIRECTOR

Board

$9K

9 hrs/wk

WILLIAM FRENCH

DIRECTOR

Board

$7K

9 hrs/wk

JAMES CHIARUTTINI

MGR LEGAL SE

Staff

$223K

60 hrs/wk

CHAD THOMAN

MGR ENG/ELEC

Staff

$223K

50 hrs/wk

MIKE FEATHERS

MANAGER OPER

Staff

$218K

45 hrs/wk

JEFFERY TURNER

MGR ENG/MECH

Staff

$218K

50 hrs/wk

LISA WILLET

MGR HR

Staff

$200K

45 hrs/wk

Independent contractors

ASPLUNDH TREE EXPERT CO

TREE TRIMMING

$4.8M

O'CONNELL ELECTRIC COMPANY INC

CONST. CONTRACT

$1.4M

EG ANDERSON INC

CONST. CONTRACT

$1.2M

FLAGGER FORCE LLC

FLAGGERS

$850K

PREA

SUPPORT

$592K

Details

EIN230329885
Subsection12
Ruling date1942-03
Formed1941
Employees78
ADAMS ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo