MISI Score
20.0
Stable
Project NC / Polk/Henderson County
BOTH · Polk/Henderson CountyPWSID NC0175020
MISI Score
20.0
Stable
Score Confidence
0.8%
Peer Percentile
43.3th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Saluda is a smaller community water system, serving approximately 1,814 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Capex Pressure, with Revenue Fragility adding further pressure. The pressure is distributed rather than concentrated in a single dimension.
4 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 43rd 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
SL 2020-79
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 3 | 10 | 4 | 3 | 4 |
ACTIVE SIGNALS
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 3.0 · Family: Revenue Fragility
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 5.0 · Family: Revenue Fragility
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
HISTORY
Latest
20.0
Trend
+20.0
Observations
20
NC TREASURER FBA
Days Cash on Hand
69
Days Cash As Of
Jun 30, 2024
Population Served
1,814