On May 8, 1994, at 1730 Alaska daylight time, a wheel equipped Champion airplane, N1648G, registered to and operated by the Pilot-in-Command, ran off the runway at Circle Hot Springs, Alaska. The personal flight, operating under 14 CFR Part 91, departed Fairbanks, Alaska, at 1615 and the destination was Circle Hot Springs. Visual meteorological conditions prevailed and the airplane was substantially damaged. The Pilot-in- Command, the sole occupant, was not injured. According to the Pilot-in-Command, he had not flown for approximately a year. He just purchased this airplane and completed a biennial flight review which included a "dozen or so" landings. He stated he landed with a 15 knot crosswind and was attempting to retract his flaps. The airplane veered into the wind and ran off the side of the runway and down a small embankment.