Pfizer Retiree Medical Plan
Pfizer Retiree Medical Plan holds over $750M in assets but shows significant annual revenue and expense fluctuations, including a $30M deficit in 2023.
EIN: 136988286 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.9M |
| Total Expenses | $39.8M |
| Program Spending | 100% |
| Net Assets | $610.0M |
| Transparency Score | 70/100 |
Is Pfizer Retiree Medical Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pfizer Retiree Medical Plan directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pfizer Retiree Medical Plan
Pfizer Retiree Medical Plan (EIN: 136988286) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $15.9M and total assets of $754.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pfizer Retiree Medical Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pfizer Retiree Medical Plan is a large nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $39.8M |
| Surplus / Deficit | $-30,659,332 |
| Total Assets | $610.0M |
| Net Assets | $610.0M |
| Operating Margin | -334.1% |
| Months of Reserves | 183.8 months |
Financial Health Grade: B
In 2023, Pfizer Retiree Medical Plan reported a deficit of $30.7M with expenses exceeding revenue, holds 183.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Pfizer Retiree Medical Plan's revenue has declined at a compound annual growth rate (CAGR) of -10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.4% | — | +0.8% |
| 2022 | -76.9% | -100.0% | -9.6% |
| 2021 | +6.8% | +35.0% | +13.7% |
| 2020 | +32.1% | +29.4% | +14.9% |
| 2019 | +8887.4% | -92.9% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pfizer Retiree Medical Plan with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Pfizer Retiree Medical Plan allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30.7M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the plan's leadership either serves without compensation or compensation is handled through a separate entity, which is highly efficient for the plan itself.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pfizer Retiree Medical Plan's IRS 990 filings:
- Unexplained $0 expenses reported in 2022 filing, impacting transparency.
- Significant annual fluctuations in revenue and expenses, indicating potential volatility in funding or benefit payouts.
- Large deficit in 2023 ($30M) where expenses significantly exceeded revenue, requiring asset drawdowns.
Strengths
The following positive indicators were identified for Pfizer Retiree Medical Plan:
- Substantial asset base ($754,298,487) provides financial stability for future obligations.
- Consistent reporting of $0 liabilities across all filings, indicating no outstanding debt.
- No officer compensation reported, suggesting highly efficient executive administration.
- Consistent IRS 990 filings demonstrate a commitment to regulatory transparency.
Frequently Asked Questions about Pfizer Retiree Medical Plan
Is Pfizer Retiree Medical Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Pfizer Retiree Medical Plan (EIN: 136988286) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Pfizer Retiree Medical Plan spend its money?
Pfizer Retiree Medical Plan directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pfizer Retiree Medical Plan tax-deductible?
Pfizer Retiree Medical Plan is registered as a tax-exempt nonprofit (EIN: 136988286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pfizer Retiree Medical Plan located?
Pfizer Retiree Medical Plan is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136988286.
How many years of IRS 990 filings does Pfizer Retiree Medical Plan have?
Pfizer Retiree Medical Plan has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.9M in total revenue.
Why were expenses reported as $0 in 2022?
The IRS 990 filing for the period 202212 shows $0 in expenses, which is highly unusual for an organization of this size and purpose. This could be an error in reporting or indicate that all expenses were absorbed by another entity or categorized differently, requiring further clarification.
How does the plan manage the significant deficit observed in 2023?
In 2023, the plan reported revenues of $9,176,355 against expenses of $39,835,687, resulting in a deficit of over $30 million. This suggests that the plan likely drew from its substantial asset base ($610,004,630 in 2023) to cover benefit obligations, which is a common practice for such plans but warrants monitoring.
What is the primary source of the plan's revenue?
Given the nature of a retiree medical plan, revenue likely comes from investment income on its substantial asset base and potentially contributions from Pfizer or its affiliates. The significant fluctuations, such as $85M in 2021 versus $9M in 2023, suggest a heavy reliance on investment performance.
Filing History
IRS 990 filing history for Pfizer Retiree Medical Plan showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pfizer Retiree Medical Plan's revenue has declined by 76.8%, moving from $39.5M to $9.2M. Total assets increased by 97.9% over the same period, from $308.2M to $610.0M. Total functional expenses rose by 726.3%, from $4.8M to $39.8M. In its most recent filing year (2023), Pfizer Retiree Medical Plan reported a deficit of $30.7M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $39.8M | $610.0M | $0 | — | — |
| 2022 | $19.7M | $0 | $605.0M | $0 | — | View 990 |
| 2021 | $85.4M | $5.0M | $669.3M | $0 | — | View 990 |
| 2020 | $80.0M | $3.7M | $588.9M | $0 | — | — |
| 2019 | $60.6M | $2.9M | $512.6M | $0 | — | — |
| 2018 | $674K | $40.4M | $454.9M | $0 | — | View 990 |
| 2017 | $46.3M | $9.2M | $494.6M | $0 | — | — |
| 2016 | $47.5M | $14.0M | $457.6M | $0 | — | View 990 |
| 2015 | $2.0M | $7.5M | $424.2M | $0 | — | View 990 |
| 2014 | $28.7M | $6.7M | $429.7M | $0 | — | View 990 |
| 2013 | $69.3M | $4.1M | $409.3M | $28K | — | View 990 |
| 2012 | $39.0M | $5.7M | $344.1M | $5K | — | View 990 |
| 2011 | $6.5M | $3.8M | $310.9M | $48K | — | View 990 |
| 2010 | $39.5M | $4.8M | $308.2M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $39.8M, and assets of $610.0M (revenue -53.4% year-over-year).
- 2022: Revenue of $19.7M, expenses of $0, and assets of $605.0M (revenue -76.9% year-over-year).
- 2021: Revenue of $85.4M, expenses of $5.0M, and assets of $669.3M (revenue +6.8% year-over-year).
- 2020: Revenue of $80.0M, expenses of $3.7M, and assets of $588.9M (revenue +32.1% year-over-year).
- 2019: Revenue of $60.6M, expenses of $2.9M, and assets of $512.6M (revenue +8887.4% year-over-year).
- 2018: Revenue of $674K, expenses of $40.4M, and assets of $454.9M (revenue -98.5% year-over-year).
- 2017: Revenue of $46.3M, expenses of $9.2M, and assets of $494.6M (revenue -2.5% year-over-year).
- 2016: Revenue of $47.5M, expenses of $14.0M, and assets of $457.6M (revenue +2324.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $7.5M, and assets of $424.2M (revenue -93.2% year-over-year).
- 2014: Revenue of $28.7M, expenses of $6.7M, and assets of $429.7M (revenue -58.5% year-over-year).
- 2013: Revenue of $69.3M, expenses of $4.1M, and assets of $409.3M (revenue +77.7% year-over-year).
- 2012: Revenue of $39.0M, expenses of $5.7M, and assets of $344.1M (revenue +499.0% year-over-year).
- 2011: Revenue of $6.5M, expenses of $3.8M, and assets of $310.9M (revenue -83.5% year-over-year).
- 2010: Revenue of $39.5M, expenses of $4.8M, and assets of $308.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pfizer Retiree Medical Plan:
Data Sources and Methodology
This transparency report for Pfizer Retiree Medical Plan is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.