The field of magnonics, which aims at using spin waves as carriers in data processing devices, has attracted increasing interest in recent years. We present and study micromagnetically a nonlinear nanoscale magnonic ring resonator device for enabling implementations of magnonic logic gates and neuromorphic magnonic circuits. In the linear regime, the transmission curve of this device exhibits the behavior of a notch filter, which filters out the spin waves of resonant frequencies. By increasing the spin-wave input power, this resonance frequency is shifted leading to transmission curves reminiscent to the activation functions of neurons. An analytical theory is developed to describe the transmission curve of the magnonic ring resonators in the linear and nonlinear regimes and it is validated by a comprehensive micromagnetic study. The proposed magnonic ring resonator provides a multi-functional nonlinear building block for unconventional magnonic circuits.