Stick a load on the battery and monitor the batt voltage. Use something like a 5 amp headlight.
Watch and time how fast the voltage drops to say 9V. Report results here.
While the load is still hooked up, connect your battery tender. Since the tender cannot supply power to both the headlight and battery for recharge, the charger should never switch and should try to raise the battery voltage (If it does switch over, your charger is bad). Now remove the load, and time how fast the voltage rises, and to what peak reading, before the charger switches to low (tending).
The battery may have gone high impedance, allowing the charger to reach its trip point without actually charging the battery (cause it can't accept a full charge).
Or, the charger may have gone bad and modified its own trip points. (Which would be strange, but it could happen.)
Cheers,