You need to start MongoDB daemon first. To do that, go the directory where your MongoDB files reside and run mongod.exe
under the bin
folder.
In other words run:
<MONGO_HOME>\bin\mongod.exe
To make sure that the main MongoDB database process is running, run mongo.exe
(Mongo Shell) which also resides under the same folder. If it connects successfully and greets you with the shell awaiting your commands, then your database is up and running. Go back and restart compound server to see if it helped. If it did not, check your database connection settings.