Windows server backup is not running, with no failure messages

I’m struggling with a problem that i’ve yet to find a solution to. I have a brand new Windows Server 2012 R2 installation. I’ve created a scheduled local backup to a local Hard drive, not a network location. The backup configures and schedules properly, but when the time arrives for it to run, it never runs.

Windows 2008 VPS via Windows server backup is not running, with no failure messages.