Thanks for the help everyone. I didn't get to this over the weekend but took the afternoon off yesterday to work on it.
I pulled the pump expecting to find a leak between the pump and check valve but there was none. I called the well company that installed the pump and asked if they had a replacement pump available that I could come pick up. The owner suggested that although pumps can wear and not build pressure that it is very rare and that it was much more likely that I had a leak between the house and well. He suggested that I pull off the pitless adaptor from the pipe and cap it off with a pressure gauge and check to see if the pump would build pressure. I ran to the store to pick up the fittings that I needed and as I was ready to test the pump he called back and said he finished his prior job and could swing by in 10 minutes if I wanted help.
I told him to swing by and asked him to bring a pump just in case. It turns out that the pump is just worn out so I bought a new pump from the guys that originally put in the well. He only charged me $500 for the pump and $20 for the fittings. He helped me hook the new pump up and then didn't even charge me any labor. I had checked on the internet and the best price I could find anywhere for the pump was $510 delivered. I was thrilled with the outstanding service from these guys.
So there it is......worn pump and $520 dollars later everything is as good as new.
Thanks,
Kevin