HELP! Compressor died..what happened?

Hey guys, I tried a search before posting this but didn't find anything useful.

My Iwata Smart Jet compressor just...died?  Its about 1 1/2 yrs old, always stored and used inside, used on only 4-5 models, has plenty of ventilation, plugged into a surge protector, always worked beautifully.  I hadn't used it for a couple of months.  I turned it on today to dust off a model that I wanted to paint....used it for 5 minutes with no problems....turned it off....10 minutes later I turned it back on to start painting and ....nothing.  I turned it on and off several times...nothing.  I plugged it into several different outlets that I know work...still nothing.  There are no fuses on it that I can find and only the one on/off switch. 

What could have happened? 

Here's a photo:

Thanks in advance for any help you can provide!