LONG BEACH, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE562 NETWORK INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 21% operating deficit.
This Corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public purposes. The specific purpose of this Corporation is to be a community-funded nonprofit news organization covering the greater Long Beach area and its students: Writers photographers and videographers cover youth and amateur sports in and around the city. The coverage provides the community with information and the student-athletes with free exposure without the business side of college recruiting services. The Corporation staff also spends time in classrooms with young and aspiring high school and college journalists to help give them the skills to succeed in the professional world. The Corporations website will feature multimedia content and coverage of local sports including articles videos and photographs.
The562 Network is a community funded nonprofit media outlet that covers sports and education in the City of Long Beach with free articles video highlights photo galleries podcasts features previews...
The562 Network is a community funded nonprofit media outlet that covers sports and education in the City of Long Beach with free articles video highlights photo galleries podcasts features previews and more. Founders and editors Mike Guardabascio and JJ Fiddler as well as other staff members visit local high schools and colleges to discuss the future of media and work with aspiring local journalists. Mike Guardabascio has been writing professionally for 17 years. His work has been published in dozens of Southern California magazines and newspapers. Hes won numerous awards and is the author of the book Football in Long Beach and co-author of Basketball in Long Beach. JJ Fiddler is an award-winning professional sportswriter and videographer who has been covering Southern California sports for multiple newspapers and websites since 2004. After attending Long Beach State and creating the first full sports page at the Union Weekly newspaper he has exclusively covered Long Beach sports since 2007. The562 Network covers the schools of Long Beach not just the sports. Everyone in the city is encouraged to utilize this community service to promote their events that support the local youth on and off campus. The562. org has about 150,000 page views each month with approximately 50,000 unique readers per month. Our videos are viewed between 75,000 and 160,000 times per month. Our social media engagements are regularly in the tens of thousand and our daily email newsletter reaches close to 3,000 subscribers.
The562 Network partnered again with the Long Beach Unified School District to work with high school interns seeking experience and knowledge about journalism and the coverage of community and youth...
The562 Network partnered again with the Long Beach Unified School District to work with high school interns seeking experience and knowledge about journalism and the coverage of community and youth athletics. The562 applied for and received grant revenue to provide stipends to the interns in their work for the organization as well as received donations from the community to support this mentoring work by our staff.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $257,962 | $340,252 | -0.2% |
| Expenses | $312,361 | $328,619 | 0.0% |
| Net Income | $-54,399 | $11,633 | -5.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michael Guardabascio | Founder Editor | 40.00 |
Highest
|
$72,436 | $0 | $72,436 |
| Jeffrey L Fiddler Jr | Founder Editor | 40.00 |
|
$36,243 | $0 | $36,243 |
| S Tyler R Hendrickson | Development Director Associate Editor | 40.00 |
Key Emp
|
$66,854 | $0 | $66,854 |
| Joseph Carlson | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Marilyn Jean Bohl | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Brian Jacob Dunning | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey Gould | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Andrew J Kerr | President Chairperson of the Board | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ryan Robert Thies | Treasurer Chief Financial Officer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sharleen Chiyeko Higa | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dan Gooch | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Natan Bershtel | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Dan DeCarlo | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Elias Aquino | Editorial Associate and Staff Writer | 29.00 |
Key Emp
|
$11,542 | $0 | $11,542 |
| Joel Bitonio | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $257,962 | $312,361 | $27,720 | $-54,399 |
| 2024 | No data | No data | No data | No data |
| 2023 | $302,316 | $269,393 | $58,486 | $32,923 |
| 2022 | $253,951 | $261,523 | $25,064 | $-7,572 |
| 2021 | $251,212 | $236,202 | $32,635 | $15,010 |
| 2020 | $182,953 | $212,787 | $40,561 | $-29,834 |
| 2019 | $140,163 | $160,206 | $47,459 | $-20,043 |
| 2018 | $201,332 | $133,830 | $67,502 | $67,502 |
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