MISI Score
31.0
Watch
Project NC / Columbus County
BOTH · Columbus CountyPWSID NC0424045
MISI Score
31.0
Watch
Score Confidence
0.8%
Peer Percentile
75.4th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Lake Waccamaw is a smaller community water system, serving approximately 2,572 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, which is running high in the model, with Revenue Fragility adding further pressure. In other words, Operational Stress is doing most of the heavy lifting in the headline score.
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 75th percentile on measured stress, placing it above most of its peers on measured stress, though not yet in the most extreme tier.
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 |
|---|---|---|---|---|
| 10 | 6 | 7 | 3 | 4 |
ACTIVE SIGNALS
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 10.0 · Family: Revenue Fragility
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 6.0 · Family: Operational Stress
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 6.0 · Family: Operational Stress
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 5.0 · Family: Capex Pressure
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
HISTORY
Latest
31.0
Trend
+31.0
Observations
20
NC TREASURER FBA
Days Cash on Hand
586
Days Cash As Of
Jun 30, 2024
Population Served
2,572