Penrose Dam, located in El Paso County, Colorado, serves as a key irrigation source in the region, with a primary purpose of supporting agricultural activities. Built in 1917, this earth dam stands at a height of 40 feet and has a storage capacity of 55 acre-feet. Despite its age, the dam is considered to be in fair condition according to a recent assessment conducted in May 2020. The dam's hazard potential is classified as high, highlighting the importance of regular inspections and maintenance to ensure its continued safety and functionality.

Managed by the local government, Penrose Dam is regulated by the Colorado Department of Water Resources, with state permitting, inspection, and enforcement processes in place. The dam's spillway, designed as uncontrolled, has a width of 6 feet and a maximum discharge capacity of 371 cubic feet per second. In the event of an emergency, the dam's Emergency Action Plan (EAP) is under review to ensure it meets safety guidelines and is regularly updated. With its location along the Spring Run-Tr stream and its critical role in irrigation, Penrose Dam plays a vital role in water resource management in the Colorado Springs area, highlighting the importance of sustainable dam operations and risk mitigation strategies in the face of changing climate conditions.