Adams Electric Cooperative Inc
501(c)(12)
Strong reserves Growing revenue
Adams Electric Cooperative Inc is a 501(c)(12) organization based in Gettysburg, Pennsylvania, registered in 1942, with $78,385,681 in FY2023 revenue.
1338 Biglerville Rd, Gettysburg, PA, 17325 EIN 23-0329885 Since 1942
Revenue (FY2023)
$78.4M
▲ 8.8% vs prior year
Expenses (FY2023)
$79.6M
Net assets
$100.9M
Employees
83
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Adams Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Adams Electric Cooperative Inc: 15 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Adams Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Adams Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Adams electric cooperative provides safe and effective distribution of electricity to our members
Contact & location
- Address
- 1338 Biglerville Rd, Gettysburg, PA, 17325
- City
- Gettysburg
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $63.0M (FY2013) to $78.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $143.1MNet assets $100.9M
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$244.0M
Total liabilities
$143.1M
Net assets
$100.9M
Salaries & benefits
$12.3M
15% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $78,385,681▲8.8% | $79,616,838▲6.0% | $100,912,685▲6.4% | $244,017,697▲5.6% | 990 |
| 2022 | $72,052,590▲1.7% | $75,140,826▲0.3% | $94,836,088▲11.2% | $231,077,495▲5.9% | 990 |
| 2021 | $70,869,610▲4.0% | $74,893,746▲5.6% | $85,298,496▲15.8% | $218,291,432▲5.8% | 990 |
| 2020 | $68,157,465▼1.4% | $70,955,366▲2.4% | $73,641,754▲9.2% | $206,362,808▲5.2% | 990 |
| 2019 | $69,108,645▼1.9% | $69,303,949▼0.9% | $67,424,764▲7.7% | $196,165,383▲4.4% | 990 |
| 2018 | $70,465,427▲8.7% | $69,918,583▲7.1% | $62,630,479▲8.8% | $187,911,099▲5.2% | 990 |
| 2017 | $64,850,387▼3.5% | $65,294,559▼1.8% | $57,554,175▲3.5% | $178,663,047▲5.3% | 990 |
| 2016 | $67,214,027▲2.9% | $66,512,534▲2.9% | $55,619,664▲7.7% | $169,591,198▲9.0% | 990 |
| 2015 | $65,299,466▲2.2% | $64,624,197▲0.9% | $51,653,939▲7.2% | $155,619,424▲7.3% | 990 |
| 2014 | $63,922,636▲1.5% | $64,062,131▲2.9% | $48,202,597▲2.6% | $145,092,295▲2.2% | 990 |
| 2013 | $62,971,840 | $62,275,780▲8.4% | $46,973,207▲4.7% | $141,956,322▲7.1% | 990 |
| 2012 | — | $57,458,494▼1.6% | $44,883,128▲4.7% | $132,506,503▲1.7% | 990 |
| 2011 | — | $58,382,889▲9.7% | $42,887,985▲4.4% | $130,272,994▲3.4% | 990 |
| 2010 | — | $53,231,433 | $41,078,094 | $126,030,612 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Steven Rasmussen — $520,491 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Rasmussen | Ceo / Gm | 50 | $520,491 |
| Chad Thoman | Mgr Eng/elec | 50 | $223,764 |
| Mike Feathers | Manager Oper | 50 | $218,898 |
| Jeffery Turner | Mgr Eng/mech | 50 | $212,138 |
| James Chiaruttini | Mgr Legal Se | 50 | $211,222 |
| Michael Johnson | Manager Safe | 50 | $186,895 |
| Gorman Guy | Line Superin | 50 | $175,303 |
| Dale E Myers | Secretary | 11 | $25,413 |
| Thomas J Knaub | Treasurer | 11 | $24,975 |
| Nadine M Hubner | Vice Preside | 11 | $24,775 |
| Ray Schwartz | Director | 9 | $21,400 |
| Jay Herman | Director | 9 | $21,000 |
| S Eugene Herritt | Director | 9 | $19,975 |
| Jay E Grove | Director | 9 | $19,175 |
| Glenn E Bange | President | 15 | $17,090 |
| David A Frey | Director | 9 | $6,625 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Asplundh Tree Expert Co | Tree Trimming | $3,936,300 |
| O'connell Electric Company Inc | Const. Contract | $1,894,244 |
| Eg Anderson Inc | Const. Contract | $1,334,511 |
| Nisc | It Support | $535,169 |
| Prea | Support | $534,254 |
Frequently asked questions
- Is Adams Electric Cooperative Inc a legitimate nonprofit?
- Yes. Adams Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 23-0329885, based in Gettysburg, Pennsylvania.
- What is Adams Electric Cooperative Inc's EIN?
- Adams Electric Cooperative Inc's Employer Identification Number (EIN) is 23-0329885.
- How much revenue does Adams Electric Cooperative Inc report?
- Adams Electric Cooperative Inc reported $78,385,681 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Adams Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Adams Electric Cooperative Inc's latest Form 990 is $520,491, paid to Steven Rasmussen (Ceo / Gm).
More nonprofits in Gettysburg
Explore more
Data for Adams Electric Cooperative Inc (EIN 23-0329885) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.