MISI Score
16.0
Stable
Project NC / Rutherford County
WW · Rutherford CountyPWSID NC0181015
MISI Score
16.0
Stable
Score Confidence
0.7%
Peer Percentile
91.1th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Spindale operates a community water system tracked in the Munimetric coverage set. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, 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 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 91st percentile on measured stress, placing it among the more stressed systems in its peer group.
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 |
|---|---|---|---|---|
| 8 | 4 | 3 | 3 | 7 |
ACTIVE SIGNALS
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 5.0 · Family: Revenue Fragility
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 3.0 · Family: Revenue Fragility
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 4.0 · Family: Operational Stress
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
HISTORY
Latest
16.0
Trend
+16.0
Observations
20
Days Cash on Hand
50
Days Cash As Of
Jun 30, 2024