Denial-of-service attacks or risk of someone compromising your server and therefore network via a vulnerability. Possibility of an attacker using your server for other malicious activities if they manage to compromise it.
Don't get me wrong, your server would be a teeny tiny fish in the sea of internet connected services and probably of little interest to most hackers. But, if you expose the door, it's gonna at least get knocked on.
Security issues aside, you will now be 'tech support' for this service and they're going to complain at you any time it doesn't do what they want it to. Just make sure you're ok with that.