Oil can get like that if the engine is ran multiple times for short distances and never warmed up to operating temp. Assuming its not from as leaky head gasket or frozen cracked block, any chance it was frozen with water in it? Hopefully not.
Being 4 quarts over full is definitely not something to overlook, needs to be investigated.
The oil and moisture were definitely mixed up, not just from sitting, but could be from your pumping?
The compression numbers aren't very good from 110 - 140, but were they dry? Was the throttle open or intake off during the test?