MISI Score
26.6
Watch
Project NC / Northampton County
Woodland
BOTH · Northampton CountyDistressedPWSID NC0466040
Score Confidence
0.8%
Peer Percentile
65.7th
As of
Jun 2, 2026
EXPLANATION
Score Drivers
- MISI score is 26.576 (Watch).
- Population Served Decline adds 9.106 points. Population trend contributes +10: five-year population change is -15.115813%. variance weighting adjusted headline contribution from 10 to 9.106.
- Compliance Escalation adds 5.929 points. Operational compliance contributes +6: 8 violations or enforcement actions have been recorded within the last three years. variance weighting adjusted headline contribution from 6.000000 to 5.929.
- High-AGI Out-Migration adds 3.994 points. Revenue-fragility AGI outmigration contributes +4: net AGI migration is -2436.00 (thousands, tax year 2022). variance weighting adjusted headline contribution from 4 to 3.994.
- Current Drought Severity adds 3.957 points. Current drought severity contributes +4: USDM severity index is 0.5325 as of 2026-05-26. variance weighting adjusted headline contribution from 4 to 3.957.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk.
MARKET INTERPRETATION
What the data suggests
Woodland is a smaller community water system, serving approximately 747 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 Operational Stress, which is running high in the model, with Revenue Fragility adding further pressure. In other words, Operational Stress is doing most of the heavy lifting in the headline score.
5 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 66th percentile on measured stress, placing it above most of its peers on measured stress, though not yet in the most extreme tier.
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 Stress13.5 / 20.0
Capex Pressure0.0 / 20.0
Revenue Fragility13.1 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 10 | 10 | 7 | 8 | 7 |
ACTIVE SIGNALS
5 Signals
Compliance Escalation
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 5.9 · Family: Operational Stress
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
High-AGI Out-Migration
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 4.0 · Family: Revenue Fragility
Monitoring / Reporting Failures
Recurring monitoring or reporting failures often signal weak administrative capacity or deteriorating operational discipline.
Score impact: 3.6 · Family: Operational Stress
Population Served Decline
A shrinking served population weakens the customer base and raises infrastructure cost per customer.
Score impact: 9.1 · Family: Revenue Fragility
HISTORY
Score Trend
Latest
26.6
Trend
+26.6
Observations
48
NC TREASURER FBA
Financial Benchmarks
Population526
General Fund Expenditure$619K
Fund Balance Available$1.2M
Fund Balance %188.1%
Cash & Investments$2.5M
Assessed Valuation$31.4M
Tax Rate0.6
Effective Tax Rate0.6
Tax Collection %90.6%
Amount Uncollected$18K
Days Cash on Hand
529
Days Cash As Of
Jun 30, 2024
Population Served
747