Some air tanks have check valves,does it build up to 30psi or does it just don't build up air period?Does it have a air dryer?If it does check the purge valve,thats located under the air dryer.Thats the think you hear spit when it reaches 120 psi.If hung open you'll rev the heck out of it and won't build up anything.If it has a dryer,have someone bring up the rpms,get underneath and put your hand under neath the dryer and see if it's pushing air out constently it's the dryer.You can by pass or get another dryer.If you don't have a dryer ,could be the loader valves on the compressor.Some compressors[Bendix] have a little plate on top of the compressor head.If you remove you will see a a couple little springs and plastic seats some times a spring or plastic seat will break.