MISI Score
22.7
Watch
Project NC / Cherokee County
Andrews
BOTH · Cherokee CountyDistressedPWSID NC0120020
Score Confidence
0.8%
Peer Percentile
66.6th
As of
Jun 2, 2026
EXPLANATION
Score Drivers
- MISI score is 22.703 (Watch).
- Compliance Escalation adds 7.906 points. Operational compliance contributes +8: 0 violations or enforcement actions have been recorded within the last three years. variance weighting adjusted headline contribution from 8.000000 to 7.906.
- Lead & Copper Rule Risk adds 4.997 points. Lead and copper risk contributes +5: lead sample exceedances=0, copper sample exceedances=0, legacy action-level exceedances=0, open LCR violations=0. variance weighting adjusted headline contribution from 5 to 4.997.
- Days Cash on Hand adds 4.044 points. Days-cash contributes +5: current days cash on hand is 36.260 days from connector-sourced ws_days_cash (as of 2024-06-30). variance weighting adjusted headline contribution from 5 to 4.044.
- Current Drought Severity adds 3.957 points. Current drought severity contributes +4: USDM severity index is 0.7500 as of 2026-05-26. variance weighting adjusted headline contribution from 4 to 3.957.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
Andrews is a smaller community water system, serving approximately 3,284 residents. At the latest reading, Munimetric flags the system as showing early but meaningful signs of structural stress.
The score is being driven mainly by Operational Stress, which is running high in the model, with Capex Pressure contributing at a lower level. In other words, Operational Stress is doing most of the heavy lifting in the headline score.
5 active stress signals are attached to this system, including one at high severity. The breadth of active signals, even without concentrated high severity, suggests pressure across more than one dimension.
Within its peer cohort, this system ranks around the 67th percentile on measured stress, placing it above most of its peers on measured stress, though not yet in the most extreme tier.
Recent score history has been relatively steady, consistent with the system's overall profile.
This summary is based on structured, source-backed public data and is intended for research and monitoring only. It is not investment advice, a credit opinion, or municipal advisory guidance.
SCORE STACK
Family Contributions
Operational Stress13.7 / 20.0
Capex Pressure5.0 / 20.0
Revenue Fragility4.0 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 10 | 4 | 7 | 7 | 10 |
ACTIVE SIGNALS
5 Signals
Days Cash on Hand
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 4.0 · Family: Revenue Fragility
Compliance Escalation
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 7.9 · Family: Operational Stress
Climate Hazard Exposure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 1.8 · Family: Operational Stress
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
Lead & Copper Rule Risk
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 5.0 · Family: Capex Pressure
HISTORY
Score Trend
Latest
22.7
Trend
+22.7
Observations
48
NC TREASURER FBA
Financial Benchmarks
Population1,703
General Fund Expenditure$2.5M
Fund Balance Available$1.9M
Fund Balance %78.8%
Cash & Investments$2.4M
Assessed Valuation$123.6M
Tax Rate0.5
Effective Tax Rate0.3
Tax Collection %95.2%
Amount Uncollected$31K
Days Cash on Hand
36
Days Cash As Of
Jun 30, 2024
Population Served
3,284