MISI Score
16.0
Stable
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Project NC / Alleghany County
BOTH · Alleghany CountyPWSID NC0103010
MISI Score
16.0
Stable
Score Confidence
0.8%
Peer Percentile
21.9th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Sparta is a smaller community water system, serving approximately 1,900 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Capex Pressure, with Operational Stress contributing at a lower level. The pressure is distributed rather than concentrated in a single dimension.
3 active stress signals are attached to this system, including 3 at high severity. Multiple high-severity signals suggest the score is not being lifted by background noise alone.
Within its peer cohort, this system ranks around the 22nd 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
SL 2020-79
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 7 | 5 | 4 | 8 | 6 |
ACTIVE SIGNALS
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
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 4.0 · Family: Revenue Fragility
HISTORY
Latest
16.0
Trend
+16.0
Observations
20
NC TREASURER FBA
Days Cash on Hand
342
Days Cash As Of
Jun 30, 2024
Population Served
1,900