Tlingit Haida Tribal Business Corporation The Tlingit Haida Tribal Business Corporation (THTBC) is a wholly owned business enterprise of the Tribe that operates as a holding company for its subsidiaries. THTBC’s mission is to engage in business and economic development to improve the economic condition of the Tribe. THTBC continues to add capabilities and locations in existing lines of business. In addition to our existing lines of business and customer base, we are expanding into other areas; GSA Schedule, Space Industry, and International Logistics. This expansion reduces our risk since we diversify our sources of revenue.
2020 Highlights Recorded highest revenue in the company’s history closing 2020 with total annual revenue of $134 million. Net Income for the year was $3.6 million. Defended all important re-competes and will not face any new ones for the next few years. » As a result of COVID-19, there were delays in solicitation release dates and contract award dates, however, the company continued to grow as newly awarded contracts came online.
2021 Goals Build on contracts won but not yet awarded. » For 2021 we are budgeting revenues of $170 million and net income of $4 million. Increase subsidiaries' sole source work. Minimize exposure to costs of capital expenditures through THTBC’s sound business strategy, which reduces financial risk and cost to acquire new contracts. » We are competing under teaming agreements for billions of dollars in contract opportunities. Based on past record of success, THTBC expects to participate in a significant percentage of awards from contracts over the next five years, while maintaining and improving both profitability and performance quality ratings.
COMBINED FINANCIAL HIGHLIGHTS DECEMBER 31, 2016-2020 PROFIT & LOSS Sales Gross Profit Net Profit / EBITDA
2016
2017
2018
$29,766,951 $57,705,600 $72,038,770 $5,886,391 $11,525,638 $15,563,064 $647,992 $865,097 $1,597,331
2019
2020
$108,192,034 $22,761,798 $3,309,973
$136,600,353 $33,597,917 $3,658,796
Tashee Du aani Kax Naalei Richard Rinehart Jr. Chief Executive Officer
“Engaging in business development to improve the economic condition of the Tribe."
2021 FORECAST PROFIT & LOSS
2021
Sales
$170,755,755
Gross Profit
$41,483,818
Net Profit / EBITDA
$4,006,382 49
