Mar 24, 2026

EXPLANATION

Score Drivers

MISI score is 27.000 (Watch).
Climate Hazard Exposure adds 8 points. Operational climate hazard exposure contributes +8: FEMA NRI composite score is 95.7700.
PFAS Contamination Risk adds 6 points. PFAS contamination contributes +6: detections=25, max result=0.010900 ng/L.
Days Cash on Hand adds 5 points. Days-cash contributes +5: current days cash on hand is 59.070 days from connector-sourced ws_days_cash (as of 2024-06-30).
Current Drought Severity adds 4 points. Current drought severity contributes +4: USDM severity index is 0.5000 as of 2026-04-14.
Missing or unresolved factors: Infrastructure Capital Gap, Project Status Staleness.

MARKET INTERPRETATION

What the data suggests

Holden Beach is a smaller community water system, serving approximately 6,299 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 Operational Stress, with Capex Pressure 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 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 54th 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 Stress12.0 / 20.0

Capex Pressure6.0 / 20.0

Revenue Fragility5.0 / 20.0

Rate Constraint0.0 / 20.0

Governance Risk4.0 / 20.0

SL 2020-79

SWIA Assessment History

2024	2023	2022	2021	2019
5	5	4	4	7

ACTIVE SIGNALS

5 Signals

MaterialactiveMar 27, 2026

Days Cash on Hand

Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.

Score impact: 5.0 · Family: Revenue Fragility

MaterialactiveApr 2, 2026

Parent-Government Fiscal Stress

Parent-government debt, pension, or operating stress can constrain infrastructure support and governance flexibility.

Score impact: 4.0 · Family: Governance Risk

SignificantactiveApr 7, 2026

Climate Hazard Exposure

Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.

Score impact: 8.0 · Family: Operational Stress

SignificantactiveApr 7, 2026

Current Drought Severity

Active drought conditions stress source-water availability and treatment operations.

Score impact: 4.0 · Family: Operational Stress

MaterialactiveApr 7, 2026

PFAS Contamination Risk

PFAS detections can force expensive treatment retrofits and accelerate capital plans.

Score impact: 6.0 · Family: Capex Pressure

HISTORY

Score Trend

Latest

27.0

Trend

+27.0

Observations

22

NC TREASURER FBA

Financial Benchmarks

Population1,054

General Fund Expenditure$4.9M

Fund Balance Available$5.3M

Fund Balance %108.7%

Cash & Investments$20.6M

Assessed Valuation$2393.4M

Tax Rate0.1

Effective Tax Rate0.1

Tax Collection %99.1%

Amount Uncollected$31K

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Holden Beach