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Tlingit Haida Tribal Business Corporation
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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, the company is expanding into other areas – GSA Schedule, Space Industry, and International Logistics. This expansion reduces the company’s risk since THTBC diversifies its sources of revenue.
As a result of the COVID-19 pandemic, there were delays in solicitation release dates and contract award dates; however, THTBC continued to grow as newly awarded contracts came online. THTBC is competing under teaming agreements for billions of dollars in contract opportunities. Based on the 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. Tashee Du aani Kax Naalei Richard Rinehart Jr. Chief Executive Officer
2021 Highlights
Recorded highest revenue in the company’s history closing 2021 with a total annual revenue of $184 million and net income of $3.5 million. Defended all important re-competes. Issued first dividend distribution of $1 million to Tlingit & Haida.
2022 Goals
Build on contracts won but not yet awarded. For 2022, THTBC is budgeting revenues of $225 million and net income of $4.5 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. 2022 FORECAST
PROFIT & LOSS 2022
Sales $225,000,000 Gross Profit $49,7000,000 Net Profit / EBITDA $4,500,000
COMBINED FINANCIAL HIGHLIGHTS DECEMBER 31 • 2017-2021
PROFIT & LOSS 2017 2018 2019 2020 2021
Sales $57,705,600 $72,038,770 $108,192,034 $136,600,353 $183,988,019 Gross Profit $11,525,638 $15,563,064 $22,761,798 $33,597,917 $42,608,546 Net Profit / EBITDA $865,097 $1,597,331 $3,309,973 $3,658,796 $3,504,185