PHYSICIAN INSURANCE PLAN OF ALABAMA, of MONTGOMERY, AL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $17.0M in revenue, $16.8M in expenses, $6.6M in total assets.
THE SOLE PURPOSE OF THE TRUST IS TO HOLD CONTRIBUTIONS TO BE APPLIED TO PROVIDE THE HEALTH AND WELFARE BENEFIT OPTIONS UNDER THE PLAN. THE PLAN WAS ADOPTED BY THE MEDICAL ASSOCIATION OF THE STATE OF ALABAMA ACTING AS A BONA FIDE ASSOCIATION OF EMPLOYERS, FOR THE BENEFIT OF ITS EMPLOYER-MEMBERS WHO MAY OFFER THE FULLY-INSURED BENEFIT OPTIONS UNDER THE PLAN TO THEIR EMPLOYEES.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $17.0M | $16.8M | $6.6M |
| 2023 | $17.6M | $17.5M | $6.6M |
Between 2023 and 2024, reported annual revenue declined from $17.6M to $17.0M (-4%), with total assets most recently reported at $6.6M.
Interactive year-over-year charts and full filing details available with membership.
