Little progress update:
I followed your instructions to test for continuity in all the control panel wires. I was a little bit confused by your instructions but this is what I did:
1. Touch multimeter to ground wire on the wire harness that connects to the I/O card (the harness was disconnected at the time). And with the other end I touched the ground side of each switch one at a time. My multimeter changed from infinity to almost zero, which means there is continuity, correct? Anyways, all the ground connections on all the switches appeared okay.
2. Next I tested each switch one at a time, but connecting one end of the multi-meter to the ground side of the switch, and the other end to the corresponding colored wire on the harness and then I pressed the button/switch. All the switches seemed to work out fine. The multimeter value changed from infinity to almost zero. One note about this, the values were quite a bit higher in value than when I was testing the ground wires. Not sure why or what that means. From what I understand, any value at all means there is connectivity, right? Does it mean that the switch is dirty where it makes contact or what? In any case, each switch seemed to be fine.
So in the end, all the wires had some sort of continuity.
So what does this mean? That my I/O card is probably bad? Is there some way to test my I/O card using my multi-meter to confirm this or probably not?
Well, Yellowdog, do you sell or repair I/O boards? If not, do you know a good source that repairs or sells them? I found a guy on ebay that will repair for $30 + shipping.