MISI Score
40.0
Watch
Project NC / Richmond County
BOTH · Richmond CountyPWSID NC0377010
MISI Score
40.0
Watch
Score Confidence
0.9%
Peer Percentile
92.0th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
As a community water provider for roughly 10,635 residents, Hamlet 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 adding another heavy layer of pressure. That combination suggests strain is showing up across core system functions, not just one isolated dimension.
8 active stress signals are attached to this system, including 2 at high severity. That signal mix points to a system where several warning indicators are firing at once, not just one extreme outlier.
Within its peer cohort, this system ranks around the 92nd percentile on measured stress, placing it among the more stressed systems in its peer group.
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 |
|---|---|---|---|---|
| 5 | 7 | 6 | 7 | 6 |
ACTIVE SIGNALS
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 6.0 · Family: Operational Stress
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 6.0 · Family: Revenue Fragility
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
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 8.0 · Family: Capex Pressure
PFAS detections can force expensive treatment retrofits and accelerate capital plans.
Score impact: 6.0 · Family: Capex Pressure
HISTORY
Latest
40.0
Trend
+28.0
Observations
22
NC TREASURER FBA
Days Cash on Hand
364
Days Cash As Of
Jun 30, 2024
Population Served
10,635
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 2.0 · Family: Revenue Fragility
Recurring monitoring or reporting failures often signal weak administrative capacity or deteriorating operational discipline.
Score impact: 4.0 · Family: Operational Stress