MISI Score
18.0
Stable
Project NC / Beaufort County
BOTH · Beaufort CountyDistressedPWSID NC0407015
MISI Score
18.0
Stable
Score Confidence
0.8%
Peer Percentile
22.5th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Belhaven is a smaller community water system, serving approximately 1,960 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, with Revenue Fragility adding further pressure. The pressure is distributed rather than concentrated in a single dimension.
4 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 23rd percentile on measured stress, placing it below typical peer-group stress levels.
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
SL 2020-79
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 7 | 7 | 12 | 9 | 12 |
ACTIVE SIGNALS
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 6.0 · Family: Revenue Fragility
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 2.0 · Family: Revenue Fragility
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 6.0 · Family: Operational Stress
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
HISTORY
Latest
18.0
Trend
+18.0
Observations
20
Days Cash on Hand
150
Days Cash As Of
Jun 30, 2024
Population Served
1,960