A self-retracting air compressor assembly includes a motorized pump device that drives in opposing directions. A reservoir tank is in fluid communication with the pump device and stores air pumped by the pump device. The air compressor includes a cord assembly that supplies air and electrical power from the pump device. The air compressor assembly pumps air when the motor is driving in a pumping direction, and self-retracts the cord assembly when the motor is driving in a winding direction.