| 1 | Arizona Electric Power Cooperative INC Benson | $190.5M | $190.0M | $770.1M |
| 2 | Central Texas Health and Benefit Trust Fund Phoenix | $54.2M | $49.3M | $39.0M |
| 3 | Gila River Gaming Enterprises INC Group Employee Benefit Plan & Trst Chandler | $35.7M | $35.7M | $17.0M |
| 4 | Worldatwork Scottsdale | $31.2M | $23.4M | $33.0M |
| 5 | Teamsters Local 2727 Retiree Medical Benefits Trust Phoenix | $18.8M | $10.0M | $64.1M |
| 6 | United Arizona Firefighters Health Care Trust Tempe | $15.0M | $15.0M | $15.0M |
| 7 | Arizona Childrens Risk Solutions Phoenix | $11.9M | $11.9M | $54.5M |
| 8 | California Small Manufacturing Health & Welfare Trust Fund Phoenix | $9.3M | $9.3M | $1.5M |
| 9 | Orion Health Insurance Pool INC Phoenix | $5.7M | $5.7M | $5.7M |
| 10 | Pennzoil-quaker State Company Employees Healthcare Plan Phoenix | $5.5M | $5.5M | $649K |
| 11 | City of Lansing Veba Trust Phoenix | $4.2M | $4.2M | $41.7M |
| 12 | Apache Junction Lodge No 2039 Loyal Oder of Moose Apache Jct | $1.4M | $521K | $1.1M |
| 13 | Miami Memorial Park Incorporated Sun City West | $898K | $548K | $1.6M |
| 14 | Havasu Columbians Fraternal Organization INC Lk Havasu Cty | $537K | $205K | $287K |
| 15 | Gbt US LLC Supplemental Unemployment Benefits Trust Scottsdale | $497K | $497K | $0 |
| 16 | Elite Catering & Event Professionals Phoenix | $436K | $436K | $106K |
| 17 | Benevolent & Protective Order of Elks of the USA Sierra Vista | $396K | $142K | $429K |
| 18 | Arizona Pest Professional Organization Phoenix | $309K | $272K | $351K |
| 19 | American Legion Winslow | $296K | $133K | $307K |
| 20 | Executives Association of Greater Phoenix Gilbert | $287K | $287K | $158K |
| 21 | Benevolent & Protective Order of Elks of the USA Glendale | $259K | $19K | $174K |
| 22 | Grand Lodge of Arizona Foundation INC Gilbert | $242K | $182K | $3.1M |
| 23 | High Council Societas Rosicruciana in Civitatibus Foeder Phoenix | $237K | $160K | $443K |
| 24 | Mountain View Cemetery Association Kingman | $235K | $197K | $229K |
| 25 | Beth el Cemetary Corporation Phoenix | $206K | $206K | $2.0M |
| 26 | Sedona Community Cemetery Association INC Sedona | $188K | $188K | $674K |
| 27 | Pioneer Irrigation Companyincorporated Eagar | $183K | $183K | $227K |
| 28 | Picacho Peak Water Company Red Rock | $178K | $178K | $609K |
| 29 | Sunburst Farms Mutual Water & Agricultural Co Glendale | $151K | $151K | $655K |
| 30 | The Valle Verde Rotary Club Foundation INC Green Valley | $124K | $61K | $418K |
| 31 | Advanced Providers Insurance Risk Retention Group INC Phoenix | $123K | $123K | $1.5M |
| 32 | Arizona-new Mexico Moose Association INC Show Low | $117K | $117K | $21K |
| 33 | Douglas Station Mwr Douglas | $85K | $85K | $14K |
| 34 | Asov-eaf Oro Valley | $84K | $84K | $259 |
| 35 | American Federation of State County & Municipal Employees Peoria | $74K | $74K | $251K |
| 36 | Arizona Police Benefits Association Tucson | $74K | $74K | $79K |
| 37 | Funeral Consumers Alliance of Arizona INC Tucson | $73K | $73K | $27K |
| 38 | Saddlebrooke Ranch Womens Golf Association Oracle | $68K | $68K | $5K |
| 39 | International Womens Forum Arizona Phoenix | $67K | $67K | $37K |
| 40 | Valle Verde Del Norte Water Cooperative INC Green Valley | $65K | $65K | $67K |
| 41 | Arizona Andnet Meredaja Edir Phoenix | $58K | $58K | $97K |
| 42 | Arizona Painting and Drywall Industry Safety Training Tr Fund Phoenix | $50K | $50K | $160K |
| 43 | Tsaile-wheatfields Dineh Water User Tsaile | $42K | $42K | $764K |
| 44 | Darfur Community Az Phoenix | $37K | $37K | $1 |
| 45 | Arizona Creditor Bar Association INC Tucson | $36K | $36K | $34K |
| 46 | Northern Arizona Dental Society Scottsdale | $12K | $12K | $68K |
| 47 | Western Arng Aviation Training Site Marana | $5K | $0 | $4K |
| 48 | Phoenix Alumnae Association- Alpha Delta Pi Scottsdale | $4K | $0 | $3K |
| 49 | Sun Valley Farms Unit II Water Users Assocation San Tan Vly | $3K | $3K | $74K |
| 50 | Tucson Family Sweat Alliance Tucson | $2K | $2K | $3K |