MISI Score
22.4
Watch
Project NC / Chowan County
Edenton
BOTH · Chowan CountyDistressedPWSID NC0421010
Score Confidence
0.9%
Peer Percentile
37.1th
As of
Sep 10, 2026
EXPLANATION
Score Drivers
- MISI score is 22.372 (Watch).
- PFAS Contamination Risk adds 7.998 points. PFAS contamination contributes +8: detections=4, max result=39.000000 ng/L. variance weighting adjusted headline contribution from 8 to 7.998.
- Compliance Escalation adds 5.929 points. Operational compliance contributes +6: 10 violations or enforcement actions have been recorded within the last three years. variance weighting adjusted headline contribution from 6.000000 to 5.929.
- 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.
- Parent-Government Fiscal Stress adds 1.831 points. Governance Risk contributes +2: parent-government flags=['revenue_growth<=5']. variance weighting adjusted headline contribution from 2 to 1.831.
- Missing or unresolved factors: Infrastructure Capital Gap, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
Edenton is a smaller community water system, serving approximately 5,500 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 Capex Pressure, with Operational Stress contributing at a lower level. The pressure is distributed rather than concentrated in a single dimension.
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 37th 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
Family Contributions
Operational Stress5.9 / 20.0
Capex Pressure13.0 / 20.0
Revenue Fragility1.6 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk1.8 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 13 | 12 | 15 | 14 | 11 |
ACTIVE SIGNALS
5 Signals
Parent-Government Fiscal Stress
Parent-government debt, pension, or operating stress can constrain infrastructure support and governance flexibility.
Score impact: 1.8 · Family: Governance Risk
Compliance Escalation
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 5.9 · Family: Operational Stress
Days Cash on Hand
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 1.6 · Family: Revenue Fragility
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
PFAS Contamination Risk
PFAS detections can force expensive treatment retrofits and accelerate capital plans.
Score impact: 8.0 · Family: Capex Pressure
HISTORY
Score Trend
Latest
22.4
Trend
+16.4
Observations
113
NC TREASURER FBA
Financial Benchmarks
Population4,458
General Fund Expenditure$8.3M
Fund Balance Available$807K
Fund Balance %9.7%
Cash & Investments$7.6M
Assessed Valuation$651.5M
Tax Rate0.4
Effective Tax Rate0.3
Tax Collection %98.6%
Amount Uncollected$41K
Days Cash on Hand
161
Days Cash As Of
Jun 30, 2024
Population Served
5,500