MISI Score
28.0
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Project NC / Rutherford County
BOTH · Rutherford CountyPWSID NC0181010
MISI Score
28.0
Watch
Score Confidence
0.9%
Peer Percentile
57.9th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
As a community water provider for roughly 21,521 residents, Forest City falls into the smaller tier of scored systems. 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 at the top of its range 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.
7 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 58th percentile on measured stress, placing it near the middle of the peer group on measured stress.
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 |
|---|---|---|---|---|
| 6 | 3 | 4 | 4 | 4 |
ACTIVE SIGNALS
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 6.0 · Family: Operational Stress
Recurring monitoring or reporting failures often signal weak administrative capacity or deteriorating operational discipline.
Score impact: 4.0 · Family: Operational Stress
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 3.0 · Family: Revenue Fragility
Parent-government debt, pension, or operating stress can constrain infrastructure support and governance flexibility.
Score impact: 2.0 · Family: Governance Risk
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 4.0 · Family: Operational Stress
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
HISTORY
Latest
28.0
Trend
+15.0
Observations
22
NC TREASURER FBA
Days Cash on Hand
300
Days Cash As Of
Jun 30, 2024
Population Served
21,521
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 5.0 · Family: Capex Pressure