MISI Score
18.0
Stable
Project NC / Rowan County
BOTH · Rowan CountyDistressedPWSID NC0180060
MISI Score
18.0
Stable
Score Confidence
0.8%
Peer Percentile
31.5th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
East Spencer is a smaller community water system, serving approximately 1,550 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, with Capex Pressure adding further pressure. The pressure is distributed rather than concentrated in a single dimension.
3 active stress signals are attached to this system, including 2 at high severity. Multiple high-severity signals suggest the score is not being lifted by background noise alone.
Within its peer cohort, this system ranks around the 31st 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 |
|---|---|---|---|---|
| 1 | 7 | 8 | 12 | 14 |
ACTIVE SIGNALS
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
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 8.0 · Family: Capex Pressure
HISTORY
Latest
18.0
Trend
+18.0
Observations
20
Days Cash on Hand
-155
Days Cash As Of
Jun 30, 2023
Population Served
1,550