Perhaps more light? unless it is already getting enough.
and did this plant suffer any "drought" in the past?
I find that tolumnias will not bloom and skip flowering season when underwatered. I guess it is a way for them to conserve water and survive when not enough water is around.
I had tolumnias that grew wonderfully, then I got lazy and didn't water during the hottest part of the year. well, no spikes. then I began to water diligently. The following new growths matured very small yet they spiked. could be coincidental but I think it was their way to respond to take advantage of the "rainy" season to flower and reproduce.
Ones that I dried really really bad over the winter took over one year to recover and flower.
So, with s/h setup where there is a continuous supply of water, the only thing that might be missing seems light.
Or your plant just wants to grow a few fans and then flower all together in one huge glory like some orchids do.
Let us know how it progress.