Munimetric

Source-backed, peer-relative municipal water-system stress monitoring with a municipal-fiscal overlay.

As of
March 2026
Markets scored
9,512
Publicly eligible
9,268
Coverage
All 50 states and territories

What Munimetric is

A structured monitoring platform that consolidates fragmented audit, compliance, infrastructure, and financial signals into source-backed, explainable outputs. Designed for ongoing monitoring of community drinking-water systems with an emphasis on clarity, comparability, and structured interpretation.

What it produces

A deterministic MISI score (0–100), structured signal events, system profiles with peer context, a public screener, configurable watchlists, and recurring reports — each traceable to identified public records and gated by data confidence.

System Architecture

From public records to structured monitoring outputs

Public Data Sources

EPA SDWIS compliance records, Census ACS demographics, municipal financial disclosures, infrastructure needs assessments (DWINSA, CWNS), SRF loan data, rate filings

Normalization Layer

Connectors, provenance tracking, raw asset storage, consistent field normalization, confidence tagging

Munimetric System

Deterministic scoring engine, signal generation, entity resolution, peer-cohort assignment

Outputs

MISI, Signals, Profiles, Screener, Watchlists, Munimetric Brief, Munimetric Review

Each stage preserves source provenance and exposes confidence explicitly.

Munimetric Infrastructure Stress Index (MISI)

Type
Deterministic, threshold-based composite
Range
0–100 (higher = more stress)
Structure
Five families, each contributing 0–20 points
Peer context
Tracked as percentile and cohort label; does not alter score
Confidence
Weighted factor availability plus mapping confidence, stored per score
Operational StressCompliance burden, system reliability, and operating conditions.
Capex PressureInfrastructure capital needs relative to current spending.
Revenue FragilityCustomer concentration, affordability constraints, and demand-side risk.
Rate ConstraintAffordability limits and rate-setting headroom.
Governance RiskParent-government fiscal stress and disclosure freshness.

Live scoring currently runs MISI v0.1.2. This version keeps the same five-family deterministic structure and the same interpretation decomposition while applying frozen-reference variance controls and a single-factor guardrail to reduce saturated-factor dominance in comparative rankings. MISI remains a blended structural stress composite rather than a pure physical-condition measure.

Current archive citation: Howell, S., & Munimetric. (2026). Munimetric Infrastructure Stress Index (MISI) Methodology v0.1.2 (0.1.2). Zenodo. https://doi.org/10.5281/zenodo.19770285. Record: zenodo.org/records/19770285. Concept DOI: 10.5281/zenodo.19595312

Confidence & Data Handling

Source-backed outputs
Every score, signal, and profile element traces to an identified public record with provenance metadata.
Explicit missing data
Missing inputs are stored and surfaced explicitly — never fabricated or imputed without disclosure.
Confidence gating
Low-confidence scores are flagged in the interface and excluded from public “top stressed” lists unless manually approved.
Public eligibility
Of 9,512 scored markets, 9,268 meet the confidence and readiness threshold for public exposure.

Design Principles

Source-backed provenanceEvery output traces to identifiable public records. No black-box methodology.
Deterministic scoringScores follow transparent, versioned rules — not opaque statistical or machine-learning models.
Peer comparabilityPeer cohorts and consistent structure make cross-system review possible.
Inspectable outputsFactor contributions, confidence metrics, and reasoning bullets are always visible.

Reporting Standard

Every Munimetric report answers three questions

What changed
Score movement, new signals, data refresh events
Why it matters
Structural interpretation relative to system condition
Compared to whom
Peer-cohort context with percentile positioning
Munimetric Brief (weekly)Munimetric Review (monthly)Munimetric Infrastructure Report (annual)

Product Scope

Munimetric is a research and monitoring platform. It does not constitute and is not a substitute for:

  • Investment advice or trade execution
  • Credit ratings or ratings-agency opinions
  • Municipal advisory services
  • Municipal issuance advice

Decision-making authority remains with users and the communities they serve.

Coverage

Scope
Community drinking-water systems, all 50 states and territories
Rollout posture
Public exposure and premium workflows are confidence-gated and entitlement-gated
Markets scored
9,512 service markets as of March 2026
Publicly eligible
9,268 (confidence-gated)
Wastewater
Beta context in v1; not included in headline score unless mapping confidence is high