First thing is find out if it is actually turning on or not.
Open it up and check the fuse. Make sure it's not popped.
Get out your voltage meter and test the legs on the 7805 to see if the proper voltage is going into it and coming out of it.
Left leg = 12v
Center leg = ground
Right leg = 5v
If that looks good I would start looking for other issues, bubbly caps, corrosion around any of the chips. Bad wiring from the mods and then make sure the ribbon cable is still solidly into the mainboard of the unit.
If all that looks good, replace caps and pray.
PS. I should clarify, the Left leg I said 12v in reality it could be between 9v - 16v from the typical power supply used. 7805's I think are rated up to 35v and they still only put out 5v so no matter what the Right side should be 5v or very close. All of the extra energy no matter how much the 7805 is fed it will dissipate it into the machine as heat.