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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.
Tashee Du aani Kax Naalei
Richard Rinehart Jr. Chief Executive Officer
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 2016 2017 2018 2019 2020 Sales $29,766,951 $57,705,600 $72,038,770 $108,192,034 $136,600,353 Gross Profit $5,886,391 $11,525,638 $15,563,064 $22,761,798 $33,597,917 Net Profit / EBITDA $647,992 $865,097 $1,597,331 $3,309,973 $3,658,796
2021 FORECAST
PROFIT & LOSS 2021 Sales $170,755,755 Gross Profit $41,483,818 Net Profit / EBITDA $4,006,382
Division & Department Reports
