MISI Score
16.1
Stable
Project NC / Cleveland County
Grover
BOTH · Cleveland CountyDistressedPWSID NC0123030
Score Confidence
0.9%
Peer Percentile
41.9th
As of
Sep 10, 2026
EXPLANATION
Score Drivers
- MISI score is 16.065 (Stable).
- Days Cash on Hand adds 6.470 points. Days-cash contributes +8: current days cash on hand is 0.000 days from connector-sourced ws_days_cash (as of 2024-06-30). variance weighting adjusted headline contribution from 8 to 6.470.
- Lead & Copper Rule Risk adds 5.996 points. Lead and copper risk contributes +6 because direct copper sample exceedances were recorded: lead sample exceedances=0, copper sample exceedances=2, legacy action-level exceedances=0, open LCR violations=0. variance weighting adjusted headline contribution from 6 to 5.996.
- Climate Hazard Exposure adds 3.599 points. Operational climate hazard exposure contributes +4: FEMA NRI composite score is 70.0100. variance weighting adjusted headline contribution from 4 to 3.599.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
Grover is a smaller community water system, serving approximately 805 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Revenue Fragility, with Capex Pressure contributing at a lower level. The pressure is distributed rather than concentrated in a single dimension.
3 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 42nd 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
Family Contributions
Operational Stress3.6 / 20.0
Capex Pressure6.0 / 20.0
Revenue Fragility6.5 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 8 | 9 | 13 | 11 | 8 |
ACTIVE SIGNALS
3 Signals
Climate Hazard Exposure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 3.6 · Family: Operational Stress
Days Cash on Hand
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 6.5 · Family: Revenue Fragility
Lead & Copper Rule Risk
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 6.0 · Family: Capex Pressure
HISTORY
Score Trend
Latest
16.1
Trend
+16.1
Observations
111
NC TREASURER FBA
Financial Benchmarks
Population818
General Fund Expenditure$476K
Fund Balance Available$696K
Fund Balance %146.1%
Cash & Investments$723K
Assessed Valuation$45.6M
Tax Rate0.5
Effective Tax Rate0.3
Tax Collection %98.0%
Amount Uncollected$4K
Days Cash on Hand
0
Days Cash As Of
Jun 30, 2024
Population Served
805