In FY2019, the Corporation’s Government Services
Group generated 62% of revenue from 8(a) sole source
contracts, 32% of revenue from 8(a) competitive bid con-
tracts, and 6% of revenue from non-8(a) full and open bid
contracts. A majority of 8(a) revenue within the business
line was generated from the U.S. Department of Defense.
TOURISM
The following table displays results of Tourism earnings, before interest and taxes for the fiscal year ended (in thousands):
FISCAL YEAR
2019 2018 2017
11,760 10,751 9,114
11,665 11,117 7,887
95 (366) 1,227
REVENUES
Tourism
$
COSTS AND EXPENSES
Tourism
Earnings from Tourism
$
The following table displays results of Tourism EBITDA for the fiscal year ended (in thousands):
EBITDA
$
2019 2018 2017
1,107 564 2,059
The Tourism business line consists of the holding company Bristol Bay Alaska Tourism, LLC and its companies Kat-
mailand, Inc., Katmai Air, LLC, Katmai Lodge, LLC, Katmai Air Leasing, LLC, and Bristol Bay Mission Lodge, LLC. The
Katmai companies provide visitors with world renowned sport fishing, bear viewing, and lodging in Katmai National
Park located in Bristol Bay. Mission Lodge is an all-inclusive seasonal fishing lodge on Lake Aleknagik near Dillingham
in Bristol Bay. The Tourism business line provides opportunity for shareholder hire and development in the region.
Management continues to seek opportunities to grow the Tourism business line through targeted acquisitions
throughout the Bristol Bay region.
PORTFOLIO INVESTMENTS AND EQUITY IN EARNINGS
The following table displays results of the Portfolio for the fiscal year ended (in thousands):
FISCAL YEAR
2019 2018 2017
8,659 28,693 25,271
2,756 (734) (482)
1,037 1,432 962
10,378 26,527 23,827
REVENUES
Investment earnings
$
Equity (loss) in earnings
COSTS AND EXPENSES
Cost of investment management
Earnings from Investments and Equity in earnings
32
BBNC FY2019 ANNUAL REPORT
$