Well, Cody, the BEST thing to do is to send it to me.....
OK. It looks like the riser is in need of a complete strip down and refinish. Take all of the hardware off of the riser and then strip the riser completely with strypease or another good paint remover.
You will need rags, rubber gloves, toothbrushes to get into the nooks and crannies, etc.
Then sand down any rough spots with emory paper. Then wipe the whole thing down several times with acetone. Let it dry thoroughly. Then plug all of the screw holes with toothpicks (with enough of the toothpick sticking out so you can grab it to remove it). Then spray paint it with metal primer and several coats of your favorite color.
Take your time and you will have a top notch target bow in the end. Have fun.