MISI Score
5.9
Stable
Project NC / Craven County
Havelock
BOTH · Craven CountyPWSID NC0425015
Score Confidence
0.9%
Peer Percentile
3.1th
As of
Jul 13, 2026
EXPLANATION
Score Drivers
- MISI score is 5.936 (Stable).
- Climate Hazard Exposure adds 2.968 points. Operational climate hazard exposure contributes +8: FEMA NRI composite score is 93.5800. variance weighting adjusted headline contribution from 8 to 7.198. concentration guardrail adjusted headline contribution from 7.198 to 2.968.
- Current Drought Severity adds 2.968 points. Current drought severity contributes +3: USDM severity index is 0.3304 as of 2026-07-07. variance weighting adjusted headline contribution from 3 to 2.968.
- Missing or unresolved factors: Infrastructure Capital Gap, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
As a community water provider for roughly 14,925 residents, Havelock falls into the smaller tier of scored systems. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, with Capex Pressure contributing at a lower level. The pressure is distributed rather than concentrated in a single dimension.
2 active stress signals are attached to this system, including one at high severity. The high-severity signal in particular bears watching alongside the headline score.
Within its peer cohort, this system ranks around the 3rd percentile on measured stress, placing it among the least stressed 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
Family Contributions
Operational Stress5.9 / 20.0
Capex Pressure0.0 / 20.0
Revenue Fragility0.0 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 9 | 6 | 2 | 2 | 2 |
ACTIVE SIGNALS
2 Signals
Climate Hazard Exposure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 3.0 · Family: Operational Stress
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 3.0 · Family: Operational Stress
HISTORY
Score Trend
Latest
5.9
Trend
+5.9
Observations
74
NC TREASURER FBA
Financial Benchmarks
Population17,479
General Fund Expenditure$14.9M
Fund Balance Available$17.5M
Fund Balance %117.7%
Cash & Investments$33.2M
Assessed Valuation$1144.0M
Tax Rate0.7
Effective Tax Rate0.7
Tax Collection %99.5%
Amount Uncollected$43K
Days Cash on Hand
406
Days Cash As Of
Jun 30, 2024
Population Served
14,925