I think the most likely cause for that is that the SystemModeler kernel fails to start. Have you never been able to start SystemModler successfully or is this something that only recently started to fail?
What version of OS X/macOS are you running?
You could try to start the kernel manually by running the following in a terminal (adapt the path to your installation directory):
/Applications/SystemModeler.app/Contents/MacOS/WSMKernelX +d=interactiveCorba
If everything is working you should get something like
Using the Challenger kernel!!!
Created server
Dumped Corba IOR in file: /var/fol9lm3rn25s_bht528grdm740000gp/T/wsm.username.objid.SystemModeler.4.3.0
Started the Corba ORB thread with id: 0x7000002a0000