MISI Score
26.0
Watch
Project NC / Mitchell County
BOTH · Mitchell CountyPWSID NC0161010
MISI Score
26.0
Watch
Score Confidence
1.0%
Peer Percentile
49.3th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Spruce Pine is a smaller community water system, serving approximately 5,661 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 Capex Pressure, which is at the top of its range in the model, with Operational Stress contributing at a lower level. In other words, Capex Pressure is doing most of the heavy lifting in the headline score.
4 active stress signals are attached to this system, including 3 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 49th 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 | 4 | 4 | 5 | 6 |
ACTIVE SIGNALS
Large structural capital need relative to local support capacity often precedes major rate or funding pressure.
Score impact: 12.0 · Family: Capex Pressure
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 2.0 · 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
26.0
Trend
+26.0
Observations
22
NC TREASURER FBA
Days Cash on Hand
112
Days Cash As Of
Jun 30, 2024
Population Served
5,661