2026-05-14T10:27:05-05:00 2025-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2025-01-01 370147965 Adams Electric Cooperative ADAM 2175937701 PO Box 247 Camp Point IL 623200247 James Thompson General Manager 2175937701 2026-05-14 1 Dennis G Koch P01210686 2172248484 2026-05-14 X 2025 2025-03-06 01:10:19Z James Thompson PO Box 247 Camp Point IL 623200247 30904367 0 X http://www.adamselectric.coop/ X 1938 IL Provide electric service to over 8,900 members on a cooperative basis 9 9 40 0 0 0 0 0 28242540 30861536 41622 42831 0 0 28284162 30904367 0 0 2136076 2521929 528027 558300 0 0 0 25620059 27824138 28284162 30904367 0 0 70640838 74234971 39686041 41244608 30954797 32990363 To provide electric energy to our members on a cooperative basis 0 0 30904367 30904367 Provide electric energy to cooperative members 30904367 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 40 1 0 0 0 0 0 30397946 506421 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X The Organization 2175937701 PO Box 247 Camp Point IL 623200247 James Thompson General Manager 44.00 X 262176 0 114579 Chad Reische Design/Const Super 40.00 X 130637 0 43626 Alexander Mossman Mgr Engineering & Ops 40.00 X 126993 0 37173 Cole Wellman Journeyman Lineman 44.00 X 126066 0 23273 Austin Aschemann Journeyman Lineman 44.00 X 123494 0 24582 Brennan Caspermeyer Line Foreman 42.00 X 122817 0 24209 Tara Neisen Mgr of Finance & Accountin 43.00 X 114856 0 63984 Rebecca Barlow Director 4.00 X 6750 0 0 Glen Koch Director 4.00 X 6000 0 0 Eric Ewing Director 4.00 X 6000 0 0 James Ward Treasurer 5.00 X X 5125 0 0 Rex Niekamp Director 4.00 X 5000 0 0 Laura Meyer President 3.00 X X 4000 0 0 Kristina Farwell Vice-President 2.00 X X 4000 0 0 Thomas Travis Secretary 7.00 X X 3929 0 0 Brent Clair Director 4.00 X 3750 0 0 1051593 0 331426 17 0 1 0 VMC Vegetation Management 21702 S Centennial Rd Jerseyville IL 62052 ROW Clearing 469433 Osmose Utilities Service PO Box 736729 Dallas TX 75353 Pole Inspections 102845 2 Sales of Energy 221000 29405433 29405433 Capital Credits 221000 1262789 1262789 Other Electric Revenues 221000 193314 193314 30861536 42831 42831 30904367 30904367 0 0 X 2521929 2521929 558300 558300 1878286 1878286 2004795 2004795 Purchased Power 18696436 18696436 Distribution Expense 3020175 3020175 Administrative 1075496 1075496 Customer Accounts & Ser 742103 742103 406847 406847 30904367 30904367 0 0 161000 91150 370316 376258 2532922 2942835 279196 269613 1899441 1837483 132448 128106 79110628 26719217 50083626 52391411 15181889 16198115 70640838 74234971 2736148 2624795 167734 33899 36381546 38218037 400613 367877 39686041 41244608 X 182115 183465 0 0 30772682 32806898 30954797 32990363 70640838 74234971 X 0 2035566 X 0 0 0 72512 72512 1967448 1524052 443396 77070668 25195165 51875503 52391411 Patronage - Prairie Power 13499871 C Patronage - NRUCFC 760213 C Patronage - CoBank NA 651349 C Federated Insurance 267660 C NRUCFC Capital Term Certs 771166 C Other Cooperatives 247856 C 16198115 Regulatory Credits 266273 Customer Deposits 101604 367877 30904367 0 30904367 0 30904367 28382438 0 28382438 2521929 2521929 30904367 Part XII, Line 4b - Other Adjustments: Allocation of margins to members X X X 0 0 0 James Thompson General Manager 247132 0 0 0 15044 0 100823 0 13756 0 376755 0 0 0 Chad Reische Design/Const Super 130253 0 0 0 384 0 31108 0 12518 0 174263 0 0 0 Alexander Mossman Mgr Engineering & Ops 126762 0 0 0 231 0 17569 0 19604 0 164166 0 0 0 Tara Neisen Mgr of Finance & Accountin 114501 0 0 0 355 0 44451 0 19533 0 178840 0 0 0 Part I, Line 3 The Board of Directors review compensation, based on industry surveys and employee performance before approving executive compensation. A A Adams Electric Cooperative CREBs 2 370147965 2011-04-13 1750000 Clean Renewable Energy Bonds used to construct a wind turbine 0 0 0 A 133835 2011 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 Form 990, Part VI, Section A, line 6 Each member (customer) has an ownership interest in the cooperative through their interest in the Cooperative's patronage equity capital. Each member is entitled to a vote at the Cooperative's annual meeting. Form 990, Part VI, Section A, line 7a Directors are elected at-large by the membership at the annual meeting. Each director represents a district within the Cooperative and is elected for a three-year term. Form 990, Part VI, Section B, line 11b The Cooperative's Federal Form 990 was distributed to the Board of Directors for their review. Form 990, Part VI, Section B, line 12c The Cooperative's Board and General Manager is responsible for monitoring compliance with the Cooperative's conflict of interest policy. Form 990, Part VI, Section B, line 15 The process for determining the CEO's compensation by the Adams Electric Cooperative board of directors included a review of the CEO's performance, comparisons of other CEO salaries in the state of Illinois and in the Midwest and an in depth deliberation before the ultimate decision was made setting the CEO's compensation. All of this is set forth in the minutes of the Adams Electric Cooperative's Board of Directors. Form 990, Part VI, Section C, line 19 All policies and governing documents are available for public inspection by contacting the general manager. The Cooperative's governing documents are available to each member on the Cooperative's website. Form 990, Part IX, Line 4 This amount represents the patronage margins allocated to members net of capital credits retired and paid to members for the year. Form 990, Part XI, line 9: Net increase in memberships 1,350. Margins allocated to members net of patronage retired 2,034,216.