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.
The562 Network is a community funded and supported news organization serving the city of Long Beach California and greater communities. By developing a sustainable nonprofit news agency for the Long Beach community we are working to strengthen local journalism in our city. Our founding journalists have many years experience in producing a high-quality news product and have the community support the relationship with the schools colleges and universities in the area and the team around them that produces a well respected public service for our city. The products we create for the community appear on our website www.The562. org for free without charge and without pay-walls to block readers and viewers. Donations are solicited to support the financial cost of our work. Many community members and leaders sponsor different areas of our reporting bringing critical revenue to the organization and engaging the community in our mission.
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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