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Pennsylvania · Nonprofit

ADAMS ELECTRIC COOPERATIVE INC

ADAMS ELECTRIC COOPERATIVE INC (Pennsylvania) receives grants from 1 organization whose IRS filings report $108 to it, the largest being CONEWAGO ENTERPRISES CHARITABLE FOUNDATION ($108). 0 of them have funded it in more than one year.

Revenue FY2024
$83M
Funders on record
1
Grants received
$108
Net assets
$108M
0/1 repeat funders
01What it does

What Adams Electric Cooperative Inc does

Mission

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

As stated on its FY2024 Form 990.

Program

  1. 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 44,496,377 benefits paid to members 10,018,946 salaries and wages 9,038,182

The program described on its FY2024 Form 990.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($65M) Expenses 100 ($65M) Net assets 100 ($58M)2018 Revenue 109 ($70M) Expenses 107 ($70M) Net assets 109 ($63M)2019 Revenue 107 ($69M) Expenses 106 ($69M) Net assets 117 ($67M)2020 Revenue 105 ($68M) Expenses 109 ($71M) Net assets 128 ($74M)2021 Revenue 109 ($71M) Expenses 115 ($75M) Net assets 148 ($85M)2022 Revenue 111 ($72M) Expenses 115 ($75M) Net assets 165 ($95M)2023 Revenue 121 ($78M) Expenses 122 ($80M) Net assets 175 ($101M)2024 Revenue 129 ($83M) Expenses 132 ($86M) Net assets 187 ($108M)
'17'18'19'20'21'22'23'24
Revenue (129)Expenses (132)Net assets (187)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $231M to $244M (+6%).

$179M
$188M
$196M
$206M
$218M
$231M
$244M
$256M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.

−$444k
’17
$547k
’18
−$195k
’19
−$2.8M
’20
−$4.0M
’21
−$3.1M
’22
−$1.2M
’23
−$2.5M
’24
0.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Steven Rasmussen

CEO / gm

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1718161616171617
Joined·+1+3+2+4+2+1+2
No longer listed·0524121
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'25*
total
funders
1

From the IRS filings of ADAMS ELECTRIC COOPERATIVE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of ADAMS ELECTRIC COOPERATIVE INC's grant income comes from Pennsylvania funders.

PA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like ADAMS ELECTRIC COOPERATIVE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

9
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 1 related entity

  • Adams Utility Services Company · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for ADAMS ELECTRIC COOPERATIVE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ADAMS ELECTRIC COOPERATIVE INC?
ADAMS ELECTRIC COOPERATIVE INC (Pennsylvania) receives grants from 1 organization whose IRS filings report $108 to it, the largest being CONEWAGO ENTERPRISES CHARITABLE FOUNDATION ($108). 0 of them have funded it in more than one year.
How many funders does ADAMS ELECTRIC COOPERATIVE INC have?
IRS filings report 1 organization giving $108 in grants to ADAMS ELECTRIC COOPERATIVE INC.
Who is the largest funder of ADAMS ELECTRIC COOPERATIVE INC?
CONEWAGO ENTERPRISES CHARITABLE FOUNDATION is the largest funder on record, with $108 in grants. The full list of funders is on this page.
How can an organization like ADAMS ELECTRIC COOPERATIVE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing