MISI Score
18.7
Stable
Project NC / Washington County
Roper
BOTH · Washington CountyPWSID NC0494015
Score Confidence
0.8%
Peer Percentile
29.3th
As of
Jun 8, 2026
EXPLANATION
Score Drivers
- MISI score is 18.698 (Stable).
- Days Cash on Hand adds 6.470 points. Days-cash contributes +8: current days cash on hand is 24.300 days from connector-sourced ws_days_cash (as of 2024-06-30). variance weighting adjusted headline contribution from 8 to 6.470.
- Population Served Decline adds 5.464 points. Population trend contributes +6: five-year population change is -9.310518%. variance weighting adjusted headline contribution from 6 to 5.464.
- Current Drought Severity adds 2.968 points. Current drought severity contributes +3: USDM severity index is 0.4563 as of 2026-06-02. variance weighting adjusted headline contribution from 3 to 2.968.
- High-AGI Out-Migration adds 1.997 points. Revenue-fragility AGI outmigration contributes +2: net AGI migration is -1019.00 (thousands, tax year 2022). variance weighting adjusted headline contribution from 2 to 1.997.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk, Parent-Government Fiscal Stress.
MARKET INTERPRETATION
What the data suggests
Roper is a smaller community water system, serving approximately 546 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Revenue Fragility, which is running high in the model, with Operational Stress contributing at a lower level. In other words, Revenue Fragility is doing most of the heavy lifting in the headline score.
5 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 29th percentile on measured stress, placing it below typical peer-group stress levels.
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 Stress4.8 / 20.0
Capex Pressure0.0 / 20.0
Revenue Fragility13.9 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 13 | 7 | 5 | 11 | 7 |
ACTIVE SIGNALS
5 Signals
Population Served Decline
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 5.5 · Family: Revenue Fragility
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
Climate Hazard Exposure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 1.8 · Family: Operational Stress
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 3.0 · Family: Operational Stress
High-AGI Out-Migration
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 2.0 · Family: Revenue Fragility
HISTORY
Score Trend
Latest
18.7
Trend
+18.7
Observations
49
NC TREASURER FBA
Financial Benchmarks
Population469
General Fund Expenditure$352K
Fund Balance Available$806K
Fund Balance %229.4%
Cash & Investments$923K
Assessed Valuation$19.0M
Tax Rate0.8
Effective Tax Rate0.8
Tax Collection %97.2%
Amount Uncollected$4K
Days Cash on Hand
24
Days Cash As Of
Jun 30, 2024
Population Served
546